Animoca Brands co-founder Yat Siu told Cointelegraph in an interview that games using NFT tokens are just the beginning. Yat also predicts the emergence of entirely new game models that will build on the ideas of digital property.
Read Yat Siu’s original interview for Cointelegraph here.
In his conversation with Cointelegraph, Siu compared the potential growth of NFT games to mobile games, which were accepted by audiences as a niche and uncomfortable product in their early stages. Today, the mobile platform is the most popular among gamers worldwide.
Mobile gaming brought a form factor of the type of game never seen before: one-handed play and interaction with the AI. Because of this, the platform has become the most popular for gaming.Yat Siu, co-founder of Animoca Brands
Side note: Animoca Brands acquires WePlay Media.
Blockchain games are also going through a formative stage today — the whole sector is still relatively new. So creating perfect models based on the ideas of digital ownership, interoperability, and economic benefits for the user is just a matter of time.
With NFT games, the industry has only scratched the surface. Everyone is very focused on ownership. I think we’re about to see new kinds of game formats emerge, thanks to ownership, that haven’t been done before.Yat Siu, co-founder of Animoca Brands
The co-founder of Animoca also argues that current users are ready to accept the fact of a non-ideal gaming experience.
Yat suggested that this is because users realize the importance of being able to own a share of digital assets in games, as opposed to the traditional model where people invest capital that they will never get back.
Siu emphasized that NFT technology will reach seamlessness through the ubiquitous tokenization of physical things, the integration of NFT with widely used services and how people interact with each other. The world continues to become more digital, and kids, for example, will want digital things.
A grandmother is likely to buy a digital item for her grandchildren not only as a gift, but also as a way to interact, and a grandchild, conversely, might give his grandmother a digital illustration he drew.Yat Siu, co-founder of Animoca Brands