Atari Founder Nolan Bushnell Explores Gamers' Disdain for Crypto and Blockchain Gaming, Emphasizes the Future of Virtual Worlds
Summary:
Atari founder Nolan Bushnell discusses the disdain traditional gamers have for crypto and NFTs, attributing it to play-to-earn games. He highlights the importance of creating immersive virtual worlds through VR and AR technology, emphasizing socialization and a sense of place and time. Bushnell also highlights the benefits of blockchain in gaming, including secure fund transfers, smart contracts, and secure storage of digital assets. He believes in the potential of crypto and blockchain in enhancing the gaming industry.
Traditional gamers have long held a disdain for crypto and non-fungible tokens (NFTs) in their games, according to Atari founder Nolan Bushnell. He attributes this animosity to the rise of play-to-earn games, which rely on the greater fool theory to function and are seen as grinding rather than fun. In a recent interview with Cointelegraph, Bushnell, known as the "godfather of video games," discussed the current gaming landscape and the role of blockchain technology. He believes that the future of Web3 gaming lies in creating compelling virtual worlds through virtual reality (VR) and augmented reality (AR) technology, emphasizing the importance of socialization and a sense of place and time. Bushnell serves as the chief knowledge officer at Moxy, a blockchain-based esports company, and highlights three key benefits of blockchain for gaming: seamless and secure fund transfers, the utility of smart contracts, and secure storage of digital assets. Although he initially didn't pay much attention to crypto, Bushnell recognized its potential when Bitcoin's price began to rise. Despite not having significant exposure to cryptocurrencies, he believes that when a shared perception of value emerges among humans, it usually bodes well.
Published At
9/15/2023 5:57:50 AM
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