Game Developers Show a Deep-Seated Distaste for NFT and Crypto

    Game developers share negative outlooks on NFT and Crypto in a recent survey.

    The craze for all things blockchain, cryptocurrency, and NFT has players (and developers) rightly afraid of what kind of things await them over the next few years, as dollar-chasing executives across the industry seem increasingly convinced there is something valuable in the tech. However, actually making games are less enthusiastic.

    Game Developers Conference survey showed that most game developers have no interest in crypto and NFT. They also have no intention to enter this field. 

    Cre: GDC

    The majority of respondents pointed out that their studio is ‘not interested in cryptocurrency as a payment tool (72%) and is ‘not interested’ in NFTs (70%). Only 1% of respondents were already developing NFTs or already using cryptocurrency as a payment tool. And among 14 comments on NFTs and crypto in the survey, there is only one generally positive, while the others ranged from backhanded to scathing.

    “How this hasn’t been identified as a pyramid scheme is beyond me,” said one dev. Another predicted grave consequences for the industry as publishers begin diving into the crypto world, saying, “They’re going to drive a wedge right in the heart of this industry. It’s going to become really clear what folks’ motivations are, and it’s not going to be pretty.”

    The report also states that “about one-third of respondents believe the metaverse concept will never deliver on its promise.” This result is quite surprising because over 12 companies are now developing augmented reality (AR) and virtual reality (VR) devices for gamers to immerse themselves in games. 

    Those aren’t good news for gamers when 56% of them are interested in earning NFTs through gaming, according to market research firm Interpret. 

    However, we still have some positive signs with some big Software giant Microsoft recently announced that it purchased gaming firm, Activision Blizzard, for $95 per share. Microsoft has shown no such disdain for the technology and plans to develop games designed to be played in the Metaverse with its newly-acquired brand.

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