Former Nintendo President Believes Gaming Experiences Could Benefit From Blockchain And ‘Play to Earn’ Models

Former Nintendo President Believes Gaming Experiences Could Benefit From Blockchain And ‘Play to Earn’ Models – Former Nintendo of America president Reggie Fils-Aimé has shared his thoughts on blockchain and play-to-earn models in the gaming business.

The executive added that he was a big fan of blockchain technology and that gamers ought to be allowed to monetize any products they obtained while playing games.

While most gamers are dubious of blockchain and play-to-earn technology, some veterans of the gaming industry tend to be more interested in these aspects. Reggie Fils-Aimé, the President of Nintendo of America from 2006 to 2019, is an example of this.

Also Read: Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours

Fils-Aimé has been vocal about the possible impact of these new technologies in gaming, saying on a panel at SXSW:

“I’m a blockchain believer. Blockchain as a technology intrigues me greatly. In video games, I also believe in the principle of ‘play to own.”

To give an example, a former Nintendo executive claimed that gamers should be able to monetize their time spent playing games in some way. He stated:

“I’ve put well over 300 hours into a couple of games. Wouldn’t it be fantastic if I could monetize what I’ve built when I’m ready to go on to something else?”

Fils-Aimé concluded by suggesting that many people would be interested in purchasing his island in the Animal Crossing game, introducing a potential use of NFT technology to an existing Nintendo franchise.

Nintendo, one of the industry’s pioneering companies, has been extremely slow to innovate by incorporating these components into their games. This does not imply that they are unconcerned about the future potential of these technologies.

In fact, Nintendo addressed the topic in a recent Q&A session, saying that while the metaverse offers a lot of promise, identifying “what kind of surprise and fun” these capabilities may provide to users has been tough.

Also Read: Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency

Others have ushered in a new era of blockchain technology, either through incorporating it into their investing and business strategies (like Ubisoft and Square Enix have done) or by offering exclusive NFT drops starring characters from their franchises (as Konami has done with Castlevania).