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Ex-Nintendo CEO acknowledges blockchain holds potential for gaming experiences

Ex-Nintendo CEO acknowledges blockchain holds potential for gaming experiences
Jordan
Major
Updated: 23 May, 2022
2 mins read

While the perception of blockchain and play-to-earn technology is still unfavorable among some conventional gamers, certain veterans of the gaming business appear to be considering these features in a more serious manner.

Former President and Chief Operating Officer of Nintendo of America (NOA) Reggie Fils-Aimé has shared his thoughts on blockchain technology and play-to-earn models as they relate to the gaming business. 

Speaking in a recent panel at SXSW, Fils-Aimé stated he was a strong believer in blockchain technology and that players who invested their time in games should have the ability to monetize whatever assets they had obtained.

“I’m a believer in blockchain. I think blockchain as a technology is really compelling. I’m also a believer in the concept of ‘play to own’ within video games.”

Monetize what you have built

As an example, the former Nintendo executive suggested that gamers who commit their time in games should be able to monetise their activity in some manner:

“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 monetize what I built?”

According to the award-winning innovator formerly in charge of the largest division of the Japanese entertainment company many people would be interested in owning his island in the Animal Crossing video game, raising the possibility of the non-fungible tokens (NFTs) technology being used.

Nintendo, one of the industry’s pioneering businesses, has been sluggish to innovate by including these components into its games. Nonetheless, this doesn’t imply that they aren’t aware of the potential of these technologies in the future. Back in February Nintendo hinted it’s ‘interested’ in the metaverse and could see ‘the potential’ it had for the company.

Watch: Former Nintendo (NOA) Presidents discusses blockchain and gaming

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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