• Animoca Brands CEO Robby Yung believes that there are issues on both sides when it comes to the blockchain gaming industry.
• Yung argues that the industry has not been able to educate people on the benefits of blockchain technology.
• Yung highlights that the gaming industry has a conservative streak, where gamers have been reluctant to embrace change.
The union between blockchain and gaming has encountered several challenges, leaving many wondering if the new sector of crypto and gaming will ever live up to its potential. Animoca Brands CEO Robby Yung has recently discussed the current state of the blockchain gaming industry and the problems it faces.
Yung believes that there are issues on both sides. On the one hand, he says that the industry has not been able to educate the masses on the benefits of blockchain technology. People need to understand that owning their digital property is groundbreaking technology. On the flip side, he highlights that the gaming industry has a conservative streak, where gamers have been reluctant to embrace change. He uses the example of how mobile gamers and free-to-play games were met with backlash from PC and console game communities, who felt that mobile phones could not provide an authentic gaming experience. Free-to-play games also received pushback for introducing the concept of playing for free and paying for in-game items.
Despite the challenges, Yung is optimistic that the value of blockchain technology will eventually convince traditional gamers. He expects that during the first nine months of 2023, we will see many great blockchain games released as developers begin to deliver after raising funds in 2022. He also believes that blockchain games will become more popular and have a greater presence in the gaming industry in the coming years.
Yung’s predictions and insights provide a fresh perspective on the blockchain gaming industry and the potential it holds. It is clear that the blockchain gaming industry is striving forward, despite the challenges it faces. With the value of blockchain technology becoming more apparent, it is likely that traditional gamers will be won over by the concept in the future.