Reddit Co-Founder Says 90% Of Gaming Market Will Be Play-To-Earn Crypto Games In 5 Years

18th January 2022
Reddit Co-Founder Says 90% Of Gaming Market Will Be Play-To-Earn Crypto Games In 5 Years
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Reddit co-founder Alexis Ohanian has said play-to-earn crypto games will make up 90% of the gaming market in five years.

On the Where It Happens podcast, Ohanian said the majority of gamers will only spend time playing the game if rewarded accordingly.

“90% of people will not play a game unless they are being properly valued for that time,” Ohanian said.

“In five years, you will actually value your time properly, and instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don’t actually own, you will be playing some on-chain equivalent game that will be just as fun, but you’ll actually earn value and you will be the harvester.”

Play to earn games such as Axie Infinity reward players with crypto tokens which can be exchanged for real-world currency. In Axie Infinity, gamers earn money by selling its native SLP (smooth love potion) tokens, breeding rare Axies, and AXS staking.

AAA mainstream gaming developers have recently expressed their interest in NFT gaming, but with severe backlash from gamers.

In December, the video game titan revealed it would integrate NFTs into its game Ghost Recon Breakpoint. The NFTs, named Digits, are in-game items including helmets, armour, vehicles, weapons and more. Meanwhile, Konami launched ‘The Konami Memorial NFT’ collection that features 14 unique artworks from the Castlevania series, celebrating its 35th anniversary.

Final Fantasy developer Square Enix also endorsed the idea of embracing NFTs. In his New Year’s letter, Square Enix president Yosuke Matsuda discussed new technology that could impact the video game landscape including AI and 5G wireless connectivity. 

To read more about why mainstream gamers are hating NFT games, click here.

Written by Bread News Team
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