NFTs and Video Games are a Bad, Unsustainable and Forced Marriage. Here’s Why

  • Solve a problem
  • Make the existing processes easier
  • It’s just microtransactions with a few extra and complicated steps
  • There’s ZERO novelty in claiming “Play to Earn” as there are game economies (secondary markets) where players have been trading in-game assets for real money for almost 2 decades without blockchain / NFT tech. These pre-existing secondary market structures can be expanded to many game economies.
  • It’s morally questionable as games built around the concept of rare and hard to get collectables (also powered by artificial scarcity) profits from gambling addiction/problem gambling (a clinical mental disorder). The governments are already cracking down on loot boxes and Real Money Games. If this continues, a crackdown on NFT is not far away.
  • NFT games often come with considerable grind mechanics that further frustrate the players.
  • Claims of owning unique digital assets is NOT a thing. When someone buys an NFT they are merely purchasing the token and not the digital asset, the copyrights stay with the producer of digital assets and are further enforced via a smart contract and in the vast majority of cases, the rights that the NFT owner has is severely restricted and controlled by the producer of the digital asset.
  • Video games are a means of entertainment and escapism but a quick look at the current crop of NFT driven games that proudly claim to be a “Metaverse” makes it crystal clear that those games are more so a platform for commerce rather than entertainment. Many of these “games” don’t even have an element of gameplay and skills! A trend that gamers worry about would spread across the industry and ruin their preferred outlets of entertainment given the track record of big publishers and what they have done and still continue to do with loot boxes and microtransactions.
  • Most consumers are expected to lose money on their activities
  • The potential earnings of the consumers will decrease drastically over time

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