Reggie Fils-Aimé, the former president of Nintendo of America, has offered his take on blockchain and play to earn models when applied to the gaming industry. According to the executive, he believes in blockchain technology and feels that gamers who spend their time playing games should be able monetize any money they have earned.
An ex-President of Nintendo Believes that Blockchain Elements can be Used in Gaming
Although traditional gamers still have a negative opinion about blockchain and pay-to-earn technology, veterans in the gaming industry are taking this more seriously. This is the case of Reggie Fils-Aimé, an executive that was President of Nintendo of America from 2006 to 2019 when he announced his retirement.
Fils-Aimé was very clear about his opinion on the role that these new technologies could play in gaming, and in a recent panel at SXSW, he stated:
I’m a believer in blockchain. Blockchain is a compelling technology. I’m also a believer in the concept of ‘play to own’ within video games.
Ex-Nintendo executive said that gamers who spend their time on games should have the ability to make money. He declared:
There are some games where I’ve invested 300 hours… when I’m ready to move on to something else, wouldn’t it be great to monetize what I built?
Fils-Aimé concluded by saying that many would be interested in purchasing his island in the Animal Crossing game, introducing a possible application of the NFT technology to a current Nintendo franchise.
Nintendo, Gaming Industry and Blockchain
Nintendo is a pioneer company in the gaming sector. However, they have been slow to innovate by including these elements into their games. However, this does not mean they don’t understand what these technologies can achieve in the future.
In fact, Nintendo made reference to the subject in a recent Q&A session where it stated that while the company believes that the metaverse had great potential, it was difficult for it to devise “what kind of surprise and fun” these elements might bring to players.
Some companies are already entering the blockchain tech world by including them in their business and investing strategies, such as Square Enix or Ubisoft. Others launch exclusive NFT Drops featuring characters from their franchises. Konami launched Castlevania with Konami.
Let us know your thoughts about what the ex-president of Nintendo thought about blockchain technology and how you can earn. Comment below.
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