July 24, 2024
Blockchain News

‘Play-to-Earn Reason Behind Gamers Hating Crypto,’ Claims Atari Founder

Moxy, the e-sports platform, has garnered attention with its Chief Knowledge Officer, Nolan K. Bushnell, the visionary founder of Atari. Bushnell is a staunch advocate for Web3 gaming. Still, he makes a compelling argument against one facet of the crypto world – play-to-earn games, which he believes have contributed to gamers’ “disdain” for cryptocurrencies.

In August, Moxy announced its exploration of the Asian market, with Hong Kong as a potential entry point. This strategic move aligns with Bushnell’s vision for the future of Web3 gaming. At a conference organized by Cyberport Hong Kong, he joined forces with industry leaders like Yat Siu, the Co-Founder of Animoca Brands, Laura Shi, the Head of International Expansion at ConsenSys, and Eberhard Schoneburg, the Founder of Cognitive Systems Lab, to discuss the evolving landscape of gaming.

Bushnell firmly stated that Web3 gaming should pivot away from the play-to-earn model and instead focus on creating immersive virtual worlds incorporating cutting-edge VR and AR technologies. He stressed the importance of addressing the fundamental human need for social interaction within these virtual realms. According to him, transforming gaming into a competitive platform hinges on enabling effortless and secure fund transfers.

Smart contracts, in Bushnell’s view, hold a crucial role in modern gaming by facilitating the establishment of relationships and related terms. Furthermore, securely storing the value of digital assets in the form of tokens is poised to revolutionize the gaming industry as we know it. This vision has driven Bushnell’s support for Moxy, a platform he describes as an ultimate gaming hangout where players can level up, earn rewards, and engage with a vibrant gaming community reminiscent of the classic arcade experience where every quarter counts.

The statistics back up the growing influence of gaming tokens within the cryptocurrency ecosystem. Gaming tokens significantly impact with a combined market capitalization of $7.4 billion and a 24-hour trading volume of $682 million. Moxy has already leaped into this arena with the launch of its gaming token, $MOXY, offering gamers the opportunity to win rewards and participate in thrilling e-sports tournaments.

In conclusion, Bushnell’s forward-looking perspective on Web3 gaming, his emphasis on socialization, and his endorsement of platforms like Moxy underscore the ever-evolving nature of the gaming industry within the crypto world. As gaming tokens continue to surge in popularity, their potential to reshape the gaming landscape is becoming increasingly evident, and Moxy is well-positioned to lead the charge.