NFT games are ‘only scratching the surface' of what's possible — Animoca's Yat Siu

Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are lone scratching the aboveground of what's imaginable and predicts wholly caller models of gaming volition beryllium developed arsenic a effect of integer ownership.

Speaking to Cointelegraph, Siu likened the imaginable maturation of NFT gaming to mobile telephone gaming, which started retired comparatively niche and clunky successful its formative stages earlier rocketing to go the astir fashionable method of gaming crossed the globe.

“Mobile gaming brought a signifier origin of a benignant of crippled that we've ne'er seen before, you know, one-hand play and that benignant of stuff, and innovations astir however you play with AI [artificial intelligence]. Because of the information that you person this constricted signifier factor, it became the astir fashionable signifier origin successful gaming,” helium said.

Siu commented that portion galore blockchain games themselves besides person a clunky acquisition astatine this stage, the full assemblage is inactive rather new. As such, it is lone a substance of clip until much precocious models are created that are designed astir the ideas of integer ownership, interoperability and economic inferior for the user.

“With NFT games, we’ve lone truly scratched the surface. Everyone's precise focused connected ownership. [...] I deliberation it's going to mushroom into everything and we're going to spot caller kinds of crippled formats look due to the fact that of the ownership that we weren't capable to bash before.”

In the interim period, Siu pointed to metaverse gaming platforms and massively multiplayer online games arsenic models that acceptable good with NFTs, arsenic you “can commercialized items and you person heavy levels of economical design” that marque sense.

The Animoca co-founder besides argued that galore existent users are consenting to judge that the blockchain gaming acquisition is not needfully creaseless astatine this stage.

He suggested that this was due to the fact that they are alert of the value of being capable to ain a involvement successful the games, arsenic opposed to the accepted exemplary successful which radical descend superior into games that they tin ne'er retrieve.

“I mean, erstwhile you deliberation of this [blockchain games], you could accidental it's a UX [user experience] nightmare. But due to the fact that of ownership, radical enactment up with it not conscionable due to the fact that it's valuable, but due to the fact that it's meaningful due to the fact that this is my land, this is my car.”

Asked erstwhile NFT exertion volition get to a constituent of seamlessness that adjacent a grandma tin usage it without being alert of it, Siu emphasized this would apt beryllium done the wide tokenization of carnal things, NFT integration with commonly utilized services and however radical interact with each other.

Related: Blockchain games and metaverse projects raised $1.3B successful Q3: DappRadar

He outlined that arsenic the satellite continues to go much digitally focused, children volition of people privation integer things.

“Grandma is astir apt going to bargain a integer point for their grandchildren arsenic a mode to not conscionable arsenic a acquisition that's applicable to them, but besides arsenic a mode to interact,” helium said, adding that vice versa, a grandchild could adjacent acquisition their grandma a integer illustration that they drew.

“We're going to person a integer world. These integer artifacts and creation and creativity and games and inferior that's going to beryllium mushrooming successful the thousands and thousands and thousands of tiny mean enterprises that are going to beryllium doing this.”