New Survey Reveals Game Developers Aren’t Interested in Crypto or NFTs

“In reality all of it is extremely unstable and unethical.”

NFT
2.8K 6 Comments

Ahead of the 2022 Game Developers Conference, organizers ran their usual industry survey gathering a glimpse into the present and future of the gaming world.

Informed by the ongoing interest in cryptocurrency and NFTs, this year’s State Of The Game Industry 2022 survey featured a section dedicated to the tradable digital asset built on blockchain technology and accompanying non-fungible tokens.

The question, “What is your studio’s interest in cryptocurrency as a payment tool?” saw 72% of people respond “Not interested,” 21% “Somewhat interested,” 6% “Very interested” and 1% “Already using it.” While “What is your studio’s interest in non-fungible tokens (NFTs)?,” saw similar responses with 70% of people responding “Not interested,” 21% “Somewhat interested,” 7% “Very interested” and 1% “Already developing them.”

The survey results show that the gaming industry has not yet embraced the addition of cryptocurrency and NFT to its structure. Despite the popularity of in-game purchases, it does not seem like developers think it’s necessary to add another layer to its games.

Additionally, the organizers shared some accompanying responses from developers which offered some more insight into the section of the survey

How this hasn’t been identified as a pyramid scheme is beyond me.

Burn ‘em to the ground. Ban everyone involved in them. I work at an NFT company currently and am quitting to get away from it.

They’re going to drive a wedge right in the heart of this industry. It’s going to become really clear what folks’ motivations are, and it’s not going to be pretty.

Why do we need them? What benefit does it have putting these systems into our games? Who is using these things? It feels like a very small audience. And also, these technologies are still not using sustainable energy and are a target for money laundering. As a developer, I feel deeply uncomfortable that there is a push for these. It feels entirely fueled by greed for more money because we read stories about crypto millionaires when in reality all of it is extremely unstable and unethical.

In case you missed it, Wikipedia doesn’t think NFTs are a form of art.

Read Full Article

What to Read Next

Saturdays NYC Release New Functional All-Terrain Collection
Fashion

Saturdays NYC Release New Functional All-Terrain Collection

For the outdoor enthusiast.

Netflix Stock Continues Downward Trend After Slowing Subscriber Growth Reports
Entertainment 

Netflix Stock Continues Downward Trend After Slowing Subscriber Growth Reports

Signaling a slow start to Q1.

Denzel Curry Debuts New Single "Walkin," Announces 2022 World Tour
Music

Denzel Curry Debuts New Single "Walkin," Announces 2022 World Tour

The rapper’s new album ‘Melt My Eyez See Your Future’ is coming soon.

McDonald's Job Applications Sold on OpenSea as NFT Collection
NFT

McDonald's Job Applications Sold on OpenSea as NFT Collection

Amidst the crypto sell-off.

Los Angeles Lakers Announce Anthony Davis' Probable Return for Game Against Brooklyn Nets
Sports

Los Angeles Lakers Announce Anthony Davis' Probable Return for Game Against Brooklyn Nets

Davis suffered an MCL sprain back in December.


Netflix Drops First Official Trailer for Will Arnett's New Crime Comedy Series 'Murderville'
Entertainment

Netflix Drops First Official Trailer for Will Arnett's New Crime Comedy Series 'Murderville'

Ken Jeong, Conan O’Brien and other celebrity guests are slated to star in season one.

Quentin Tarantino’s First 'Pulp Fiction' NFT Sold for $1.1 Million USD
NFT

Quentin Tarantino’s First 'Pulp Fiction' NFT Sold for $1.1 Million USD

Despite a pending lawsuit from film studio Miramax.

OpenSea Bug Let Hackers Buy NFTs for Cheap
NFT

OpenSea Bug Let Hackers Buy NFTs for Cheap

And flip them for huge profits.

The Sneakerpod Birdland Is the World's First Sneaker Brand from a Watchmaker
Footwear

The Sneakerpod Birdland Is the World's First Sneaker Brand from a Watchmaker

“We are Ikepod, you cannot expect anything from us.”

Take a First Look at Louis Vuitton's High 8 and LVSK8 Footwear
Footwear

Take a First Look at Louis Vuitton's High 8 and LVSK8 Footwear

Premium skate-inspired high and low-top pairs.

More ▾