Former Nintendo CEO: Blockchain has potential in gaming 16

Former Nintendo CEO: Blockchain has potential in gaming

Nintendo is aware of the potential of these technologies in the future

Although the perception of blockchain and play-to-earn is still unfavorable among many gamers, some gaming veterans seem to be considering these features more seriously.

Former President and Chief Operating Officer of Nintendo of America (NOA) Reggie Phils-Emme shared his thoughts on blockchain technology and winning models as you play, as they relate to the gaming business.

Speaking at a recent SXSW panel, he said he strongly believes in blockchain technology and that players who invest their time in gaming should be able to generate revenue from all the assets they receive.

“I am a blockchain believer. I think blockchain as a technology is really fascinating. I also believe in the concept of “play to own” in video games. “

The former CEO of Nintendo suggested that gamers who invest their time in games should be able to earn income from their activities in some way:

“There are some games where I’ve invested 300 hours … when I’m ready to move on to something else, wouldn’t it be great to make money from what I’ve created?”

According to Phils-Emme, who was previously in charge of the Japanese entertainment company’s largest division, many people would be interested in owning their island in the video game Animal Crossing, increasing the ability to use irreplaceable token technology (NFTs).

Nintendo is aware of the potential of these technologies in the future. Back in February, the company hinted that it was “interested” in the metaverse and could see the “potential” it has for the company.