Gaming powerhouses like Bandai Namco and SEGA are looking at blockchain technology
To encourage widespread usage of blockchain technology in the gaming industry, major companies in the industry are taking action, and they have no plans to “alter that policy” if the reaction is negative.
A representative from the Oasys blockchain project told Cointelegraph that Japanese gaming titans are preparing themselves for broad blockchain game adoption and will not be influenced by the minority of players who oppose cryptocurrencies and nonfungible tokens (NFTs).
Speaking to Cointelegraph at the 2022 Tokyo Games Show, Oasys representative director Ryo Matsubara underlined that the project’s major partners, including Bandai Namco, Sega, and Square Enix, are not just joining on the crypto bandwagon; they have a long-term vision for blockchain-based gaming.
When asked whether these businesses want to incorporate blockchain technology into their existing game franchises, Matsubara replied that they are first interested in producing new blockchain games.
As this is a totally “new paradigm” of gaming, it needs more time to grow before these large corporations would consider integrating blockchain technology with conventional games on a larger scale.
Regarding what has to be changed in blockchain gaming, Matsubara said that a “major issue” to date is that too many initiatives are depending on the price of in-game tokens. As a consequence, “speculation” is in more demand than actual gaming.
He went on to say that there would be an “adjustment” over time as initiatives attempt to generate true excitement for the games themselves, possibly by enhancing the whole gaming experience.
This attitude was shared by Luke Sillay, the lead community manager of Australian game developer and Animoca Brands subsidiary Blowfish Studios, who was also present at the event.