Alexis Ohanian knows quite a bit about both technology and investing. In 2005, the entrepreneur helped to create Reddit at only 22 years of age. Since then, he has invested in and backed emerging technology companies.
So the Where it Happens podcast found that it was only right to ask Ohanian about the encroachment of NFT’s in the gaming world. And his answer is not likely to make many gamers happy.
When queried about where he sees NFT’s in gaming five years from now, he told hosts, Sahil Bloom, and Greg Isenberg:
“90% of people will not play a game unless they are being properly valued for that time. In five years, you will actually value your time properly, and instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don’t actually own, you will be playing some on-chain equivalent game that will be just as fun, but you’ll actually earn value and you will be the harvester.”
This is an interesting angle taken by Ohanian. Many gamers spend hours playing their favorite titles and get nothing in return. The entrepreneur may change a few minds by placing the controversy in this perspective.
Still, gaming companies know that they have a significant battle on their hands to get more players behind NFT’s. And some have given up on the issue altogether.
One Sega Executive recently noted, “We need to carefully assess many things such as how we can mitigate the negative elements, how much we can introduce this within the Japanese regulation, what will be accepted and what will not be by the users. But if it is perceived as simple money-making, I would like to make a decision not to proceed.”