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The developing roadmap of NFTs in games, as well as the metaverse’s inevitable capitulation, were underlined by Barclays analysts. “Both of these subjects are delicate, whether they in the context of the game industry or not”.
The Barclays report emphasized that in the hands of gaming companies such as EA, Activision, Ubisoft, or Konami, NFTs are a very scary proposition. The latter two have already joined the field. Further, EA CEO Andrew Wilson has referred to NFTs and blockchain games as “the future of our industry”. Which is already bad news for skeptics.
NFTs and blockchain games are inevitable notions within the industry according to Karol Severin, co-founder of Midia Research. Lewis Ward, director of gaming research at IDC, reflected this statement. According to these researchers, 2022 will be the year of “ever more widespread experimentation with blockchain technology and non-fungible tokens (NFTs) in games”. However, it should be hampered by negative feedback and a shady ecology.
“I think we can expect to see more games – especially in the first half of 2022 – leveraging blockchain technology to support things like in-game crypto-currency and the play-to-earn model,” says Louise Shorthouse, senior games analyst at Ampere Analysis.
“NFTs are not only a difficult asset to fully appreciate, but they are also dull by their massive environmental impact”.
Due to a lack of regulation, the market is suitable for fraudulent activity, including as money laundering. As well as a variety of frauds. Thus, NFTs in the hands of companies like EA, who already experienced difficulties, are only the tip of the iceberg.
“Some people are ecstatic because they can see what Web-3, four, or five will look like. They convey their passion. Others recognize it for what it is now,”. “It’s understandable that they don’t want to be a part of it.”