Electronic Arts And NFT Games - 2024

Electronic Arts And NFT Games - 2024

Play To Earn Games | 08 May 2024 12:13 UTC

EA, Electronic Arts see Huge Potential in NFT Games

NFT Games and Blockchain technology are the buzzwords in the gaming industry nowadays. In a recent interview, EA’s CEO Andrew Wilson weighed in on the subject and shared his valuable insights.

Electronic Arts And NFT Games
Electronic Arts And NFT Games

According to him, the play-to-earn games, and NFT-games are “the future of our industry.” However, he wasn’t so sure about the working and earning mechanism of the phenomenon. He said, “it’s still early to figure out how that’s going to work” when talking about the matter in the company’s earnings call earlier this week.

“I think that in the context of the games we create and the live services that we offer, collectible digital content is going to play a meaningful part in our future," Wilson said.

"So, it's still early to tell, but I think we're in a really good position, and we should expect us to kind of think more innovatively and creatively about that on a go-forward basis.”

EA hasn’t shared its plans to enter the play-to-earn game model. The play-to-earn model requires players to pay an upfront amount to play the game and earn in-game rewards.

These rewards are exchangeable with cryptocurrency and hence real-life money. The play-to-earn game economy is also based on player-to-player transactions.

However, recent job listings in EA include the keywords ‘NFT’ and ‘blockchain’ which suggests that the company will eventually step into the domain. Several other gaming companies like Ubisoft, are also planning to explore the non-fungible token game space.

Ubisoft CEO Yves Guillemot terms blockchain games as a ‘revolution’ in the gaming industry. He said, “We want to be one of the key players there.”

Electronic Arts And NFT Games
Electronic Arts And NFT Games

Despite NFT games and blockchain tech’s soaring popularity, there is much controversy surrounding the subject. One of the biggest digital game stores Steam has banned NFT games from its platform.

While Epic Games Store, its counterpart has embraced it. Moreover, the popular Netflix Series Squid Game-based NFT game was canceled at the same time when its cryptocurrency scam resulted in millions of dollars worth of loss surfaced.

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