Fun

Game Developer Group States Using NFTs in Gaming Presents Ethical Issues

News Feed - 2022-04-04 08:04:41

Game Developer Group States Using NFTs in Gaming Presents Ethical Issues


The International Game Developers Association (IGDA), a group integrated by a number of game developers and programmers from companies across the globe, has addressed the use of NFTs (non-fungible tokens) in the gaming industry. The director of the group has stated that the introduction of these elements in gaming projects presents “ethical issues,” and this also might represent a “socio-political explosion waiting to happen.” IGDA’s Take on NFTs


One of the biggest groups comprised of game developers and programmers has given its take when it comes to including NFTs in games, as some companies have started to do recently. The International Game Developers Association, (IGDA), thinks these elements might introduce some problems into the gaming activity.


According to the interim director of the IGDA, Jakin Vela, the organization is planning to take action to raise awareness of the problems NFT gaming might bring. Vela told Ars Technica:


[IGDA is] in the process of revising our stance to be a little stronger because there are actually a lot of ethical issues that come with NFTs.


Another of the worries that the organization has is the “pyramid scheme” element that some of these games present to their participants, in the sense that some of them require a constantly growing userbase to keep their self-sustained economies afloat, like some play-to-earn (P2E) games.


According to Vela, gamers are also affected by the unregulated character of the NFT environment, where gamers can put their whole employment activity in uncertain ecosystems outside of any official protection. This, with other aspects, might create a “socio-political explosion.” The Future Of Gaming


While some companies have addressed the introduction of NFTs and play-to-earn games as an important element for the future of gaming, there has been heavy backlash from groups inside gaming that have opposed this new trend for several reasons. The IGDA has been part of this opposition from inside the industry and issued a call to action statement in July 2021. At the time, the organization declared:


NFTs should never be used when a simple and far less costly database table can be managed to provide the same information and benefits.


In the same statement, the organization recommends proof-of-stake (PoS)-based networks instead of proof-of-work (PoW) blockchains due to their energy efficiency. However, other industry insiders are sure that gamers are rejecting these ideas due to their lack of knowledge of the benefits the technology might bring them. This is the opinion of Nicolas Pouard, who is in charge in charge of blockchain developments at Ubisoft. Tags in this story Blockchain, game developers, Gaming, IGDA, NFTs, play to earn, Proof of Work, Proof-of-Stake, Ubisoft


What do you think about the inclusion of NFTs in gaming? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Recent Poll Suggests 21% of Americans Have Dabbled in Crypto NEWS | 2 days ago Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022"s First Quarter NEWS | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleErtha’s Inter-Metaverse Portal NFTs Bought for $60K Next articleTesla CEO Elon Musk Takes Stake in Twitter — Analyst Says It Could Lead to a Buyout Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItLeading NFT Marketplace Opensea to Add Solana Support in April


The largest non-fungible token (NFT) marketplace Opensea has plans to add Solana support in April. The news follows an abundance of rumors that said the company would be adding Solana in the near future. Opensea Confirms Solana Support After a ... read more.Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force With Over 90% of BTC"s Supply Issued, Bitcoin"s Mining Difficulty Reaches a Lifetime High

News Feed

Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate The adoption of blockchain technology and the use of cryptocurrencies by pe
Rakesh Upadhyay6 hours agoPrice analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATICBitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflati
Solana may hit $330 and reach 50% of ETH market cap — VanEck research
Vince Quill5 hours agoSolana may hit $330 and reach 50% of ETH market cap — VanEck researchSolana uses a monolithic structure that allows the network to capitalize on the speed and efficiency absent from modular blockc
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LL
Chainlink Price Jumped More Than 45% in 48 Hours and 440% in Twelve Months
Chainlink Price Jumped More Than 45% in 48 Hours and 440% in Twelve MonthsChainlink’s token surged more than 45% from $9.53 to $14.09 between Friday and Sunday data shows.
Crypto Pundit Dumps Bitcoin Holdings Sub-$100,000, Lists Reasons Why It’s Time To Short
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gareth Jenkinson14 hours agoHealthy competition welcome — Polygon zkEVM leadProminent Ethereum development firms have rolled out varying zero-knowledge scaling solutions that drive healthy competition in the ecosystem.
Dogecoin Indicator Flashes A Buy Signal On The 4-Day Chart – Is DOGE Gearing Up For A Rebound?
Este artículo también está disponible en español. Dogecoin (DOGE) is currently trading below the $0.25 level after experiencing massive volatility and price swings in rec
YearnSwap Is All Set to Introduce Its Decentralized Ecosystem
YearnSwap Is All Set to Introduce Its Decentralized Ecosystem LONDON, United Kingdom, — YearnSwap.org– Is all set to launch its Decentralized protoco
India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
India"s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market The Reserve Bank of India (RBI) is actively working on a digit
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers On Tuesday, the multinational financial services corporation Mastercard revealed that it is
Jesse Coghlan3 hours agoCrypto may see second wind in the US as courts ‘rein in the SEC’ — LawyerCrypto-focused lawyer Jeremy McLaughlin said the United States digital asset industry may re-ignite as the country’