Best P2E Games

NFT’s And The Severe Backlash From Gamers

NFT’s And The Severe Backlash From Gamers

Game Review 

The game industry is excited about NFT’s, but the gamer community is not amused.

Polygon’s Ryan Wyatt went candid on NFT’s and its future in video gaming. Let’s check out his thoughts.

Polygon Studio’s CEO Ryann Wyatt shared his candid insights on NFT’s and their future in the video game industry. Wyatt also talked about the backlash NFT’s face from the gamers and discussed the reasons behind it.

The gaming industry is excited about NFT's, but the gamer community is not amused.
The gaming industry is excited about NFT’s, but the gamer community is not amused.

Ryann Wyatt was formerly working with YouTube and Polygon Studios roped him in to lead its “media hub”.

The media hub is designed to facilitate, support, and invest in web3 entertainment projects. Wyatt has a rich experience of 14 years in the game industry and closely followed the obsession with NFT’s, blockchain, and Gamefi.

He also noticed how talented and skillful developers left the gaming giants like Riot Games and Activision Blizzard to “pursue this ambition of being an entrepreneur and build blockchain games.”

Video: NFT’s In Gaming… Are We Doomed?

While in an interview, Wyatt shared his thoughts on the recent trendy phenomenon of the NFT in the video game industry and why it is still facing severe backlash from gamers.

According to Wyatt, the people talking about crypto are more crypto natives and have less understanding of gaming. Despite this gap, crypto people are addressing the gaming audience which is causing problems.

Moreover, the backlash owing to the environmental impact of NFTs, scams, and money grab tactics is also rife among gamers. When asked about the backlash, Wyatt regarded the criticism as justifiable.

He reiterated that a lot of blockchain games have put money before fun and entertainment which has made the game no less than boring.

He further added that the recipe for a no-nonsense and acceptable NFT lies in thriving first and third-party markets based on games that have token systems. The importance lies in the utility of NFTs in accordance with what gamers want.

Wyatt added, “By no means should it be stretching across the games industry. People should think about it as just serving a subsection of it.”

The gaming industry is excited about NFT's, but the gamer community is not amused.
The gaming industry is excited about NFT’s, but the gamer community is not amused.

In the interview, Wyatt also stressed the dynamics of the Counter-Strike Global Offensive game and how its billion-dollar worth of market thrived on skins and cosmetics.

He carried on with the example and added that what if these CSGO skins also acted as NFTs? “There’s clearly appetite for liquidity.

Those marketplaces validate it,” Wyatt says. The games that benefit the most from NFT‘s are those “where the point system turns into tokens, the marketplace is free and thriving, and it does not impact in-game dynamics at all.”

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of Gumi Cryptos Capital, then follow me on Google News.

NFT’s And The Severe Backlash From Gamers

If you like this game, share it with your friends:

Facebook
Twitter
LinkedIn
Reddit
WhatsApp
Telegram
Pinterest
Skype
VK
Email

Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Nakamoto Games – Game Review

Nakamoto Games is a play-to-earn and free-to-play ecosystem built on blockchain. It was made to give game developers and players more opportunities. The Nakamoto Games was started with the goal of giving gamers and developers ways to make money through a play-to-earn ecosystem based on blockchain. The project aims to bridge the gap between traditional online games and play-to-earn games. It runs on the Polygon blockchain, which has benefits like low transaction fees and high throughput. The Nakamoto Games, unlike many blockchain games, deals with these problems and has a real token burn mechanism for deflationary sustainability. Their economy is diverse, and their economic model has no winners or losers. This makes for a strong financial ecosystem. They attract a larger audience by making a platform with multiple games and putting themselves in the play-to-earn market as leaders. Also, recent team additions have helped them improve their development, website updates, and tokenomics, which means they will continue to grow and listen to what the community has to say. This year, Nakamoto Games surprised everyone by putting out 20 different games in a wide range of genres, all of which kept getting better and better. But their innovative approach includes putting out about two new games a month, which helps them be successful in the long run.

Read Game Review »

Race X – Game Review

Race X is the first Race-2-Earn simulation to combine real-world racing with a virtual racing gaming platform on the Avalanche ecosystem. Race X is a groundbreaking simulation engine that is currently being developed with a pre-panned roadmap schedule. The “Race-2-Earn” game will only be open to RaceCar NFT holders. Users will be able to make use of the special game items of the platform because each NFT will be a representation of the same car inside the simulation.

Read Game Review »

Brave Frontier Heroes – Game Review

Brave Frontier Heroes BFH is the ultimate crossover experience, combining the gameplay of the extremely successful mobile game Brave Frontier with the economy of the number one blockchain game My Crypto Heroes. BFH offers players the best of both worlds, with the exciting gameplay of Brave Frontier and the unique economic opportunities of My Crypto Heroes. Optimized for search engines, Brave Frontier Heroes BFH is the go-to destination for fans of both Brave Frontier and My Crypto Heroes.

Read Game Review »

Crypto Raiders – Game Review

Crypto Raiders, as the name suggests, is an NFT game falling in the RPG, PvP format. The game works on the RNG (Random Number Generator) method of playing so that there is a sense and element of thrill, mystery, and unexpectedness in the game. The players have the opportunity to own NFT characters with complete ownership. Therefore, giving them the right to buy, sell, and trade in the marketplace. Around 7500 NFT characters were available when Crypto Raiders was first released. These characters are based on a total of 9 characters i.e. Mike, Old Man, Elves, John, Cyborgs, Tammy, Orcs, Skeletons, Elves, and Dark Elves. Thus, each NFT character has a personality of their own. The game is based on the Polygon blockchain technology and the goal is to participate in different raids, either in temporary dungeons or stable dungeons. Crypto Raiders Raid and Expedition Gameplay: Raids and expeditions in the temporary dungeons are for a little time and then they vanish, while, in the stable dungeons raids can be performed repeatedly. There is an upside to Crypto Raiders, when the NFT character dies during a raiding mission, the character dies forever. Therefore, the players need to exercise extra care in starting an expedition. Moreover, they must first assess their power and position before going into a raid. After each expedition is completed, the power (EXP) of the player’s increases. This increase helps in future raids and players earn AURUM tokens that can be used to craft new weapons, build armors, own mobs, and create new raiders. Another token in Crypto Raiders is the RAIDER which is the governance token and can be used to stake them in order to win AURUM tokens daily.

Read Game Review »

Best P2E Games list 2024

NFT’s And The Severe Backlash From Gamers

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.