Fun

News Feed - 2023-08-25 02:08:28

Tom Mitchelhill3 hours agoAtari founder, Animoca sees Web3 games as vital for virtual ownership and education"I was gobsmacked" — Nolan Bushnell said his conversation with Yat Siu on Web3 games changed his brain.565 Total views5 Total sharesListen to article 0:00EventJoin us on social networksNolan Bushnell, the founder of Atari and inventor of Pong — one of the first commercially successful video games — has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds. 


During the Digital Entertainment Leadership Forum in Hong Kong on Aug. 25, Bushnell spoke alongside Animoca Brands co-founder Yat Siu, discussing the past, present and future of gaming. It was moderated by Sean Hung, the managing partner of Chiron Group.


Bushnell, whom Siu acknowledged as the “grandfather of gaming,” praised Web3 games for their ability to extend the concept of ownership into the digital landscape.“Games will increasingly imitate all factors of life. Web3 with blockchain suddenly transmits ownership into the virtual world.”


The Atari founder currently serves as the chief knowledge officer at Web3 gaming company Moxy — and kicked off the panel by sharing the topline details of a conversation he’d had with Siu in the days prior:


“I was just gobsmacked. I mean, we had you know, every once in a while you can have a conversation that changes your brain. We had one of those.”I"m excited to be speaking at the DELF event. We"ve chosen Hong Kong for https://t.co/GNemkV0YDf"s entrance to the Asian Market https://t.co/phUuANd9LB— Nolan K Bushnell (@NolanBushnell) August 15, 2023


While Bushnell launched into his prediction of a world in the not too distant future, where the inside of self-driving cars could become a mobile gaming studio, Siu pointed to the potential of Web3 games to help economically monetize gameplay as games become a more ubiquitous part of everyday life.


“The impact that Web3 gaming has already had…is that you can start earning money with the engagement of the time that you spend in these games.”


Siu said that despite games originally taking the form of “player versus environment” systems, where gamers play against the non-player characters (NPCs), the world of gaming — as seen through the rise of Minecraft and Roblox — has evolved to become a multiplayer ecosystem.


“You don"t go to Fortnite to play against yourself or an environment. You go online to play against others, meaning that we, the players, are the content, but the difference is that we haven"t really been compensated for it,” Siu explained.


When asked what he saw as the biggest promise provided by Web3 games, Bushnell said that the combination of “KYC and the immutability of blockchain” were the best ways to ensure that players in online games were not bots or bad actors.


Additionally, Bushnell predicted that games would soon become an essential part of the classroom, with students learning best by way of “story and simulation.”


Related:Play-to-earn has fatal flaws: How can Web3 gaming be more sustainable?


While the positives of Web3 games were readily espoused, Yat Siu noted some of the issues that had arisen alongside the proliferation of blockchain gaming.


“When you introduce Web3 and blockchain to any system, including games, you"re introducing capitalism. And so the problems we have seen in the last 12 to 18 months comes from the fact that these games have become not just capitalist to the studio that produced it, but to every participant,” Siu said.


Despite the many flaws introduced by the financialization of games — many of which became readily apparent in the “toxicity” of play-to-earn games like Axie Infinity — Siu said that the inherently capitalist element would aid young gamers in gaining a financial education.


“If the world becomes more financially literate because of Web3 gaming — because they understand something about value — then I think the world will become safer.”


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Blockchain games aren’t really decentralized… but that’s about to change# Business# Adoption# Games# Blockchain Game# Gaming# GameFiAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesOpinion: Why did Bitget seize more than $200,000 of my money?The future of BTC mining and the Bitcoin halving

News Feed

OrdiZK bridge vanishes in alleged $1.4M rug pull: CertiK
Christopher Roark1 hour agoOrdiZK bridge vanishes in alleged $1.4M rug pull: CertiKThe team allegedly sold hundreds of millions of tokens into the market and then disappeared from social media.826 Total views5 Total shar
Marathon Digital, Kenyan government discuss crypto policy, energy use
Derek Andersen6 hours agoMarathon Digital, Kenyan government discuss crypto policy, energy useThe Kenyan president announced the talks at an American business summit in Nairobi attended by the U.S. commerce secretary.477
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity According to a Hydro-Québec newsroom report, the company has asked the electricity trans
Tom Blackstone5 hours agoBitcoin Magazine claims Fed accused it of trademark violation for T-shirtsCrypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” T-shirts, hats and
As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb
As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb On Sunday, digital currency markets have seen some slight improvements but overall since Sep
BlackRock's ETF could flip GBTC in Bitcoin holdings within 3 weeks
Tom Mitchelhill6 hours agoBlackRock"s ETF could flip GBTC in Bitcoin holdings within 3 weeksBlackRock’s spot Bitcoin ETF could soon surpass the Grayscale Bitcoin Trust (GBTC) in Bitcoin held within 14 trading days, bas
$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform
$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform PRESS RELEASE. PARSIQis a working platform that makes blockc
Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar
Coinbase’s legal chief is calling for private sector leadership in developing America’s digital currency. Brian Brooks, in a Fortune essay published Monday, argued private corpo
Antonio Juliano steps down as CEO of dYdX
Ana Paula Pereira8 hours agoAntonio Juliano steps down as CEO of dYdXThe decentralized exchange is now led by Ivo Crnkovic-Rubsamen, a former trader and dYdX chief strategy officer.1797 Total views10 Total sharesListen t
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano
Price analysis 3/8: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIB, AVAX, DOT
Rakesh Upadhyay2 hours agoPrice analysis 3/8: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIB, AVAX, DOTBitcoin hit a new all-time high, but the failure to sustain the breakout suggests that bears remain active at higher levels
Why is Cardano (ADA) price up today?
Nancy Lubale3 hours agoWhy is Cardano (ADA) price up today?Steady network growth and Charles Hoskinson’s network update are boosting Cardano’s prices at the start of this week.668 Total views13 Total sharesListen to