Despite the NFT backlash, the former head of YouTube Gaming believes that gamers will eventually embrace Web3.
The former YouTube Gaming head’s prediction that gamers will eventually embrace Web3 despite the backlash against NFTs may or may not come to fruition. It is difficult to make an accurate prediction because the adoption of new technologies and trends is complex and depends on a variety of factors.
However, it is worth noting that Web3 technology is gaining traction in the gaming industry. Web3 offers a decentralized platform that can enable gamers to truly own their digital assets, including in-game items, characters, and currencies. This level of ownership could create a more immersive and engaging gaming experience and foster a sense of community and belonging among gamers.
Wyatt acknowledged that the current crop of Web3 games may not be up to snuff, but argued that it’s still early days for the industry.
He said, “I don’t think the current Web3 games are the best example of what Web3 can achieve. But that doesn’t mean they won’t improve in the future. I think it’s going to get much better. And when it does, I think the gaming community will come around.”
He also suggested that as blockchain technology and the broader Web3 ecosystem develop, there will be new opportunities for game developers to create more compelling experiences for players.
He said, “I think it’ll take time, but I also think the technology has a lot of potentials. We’ll see a lot of innovation in game design that’ll be made possible by Web3.”
Wyatt believes that game developers will need to create more compelling Web3 experiences to attract gamers to the space. He cited the surge in play-to-earn games in 2021, led by Axie Infinity, but noted that these games were often seen as shallow or economically flawed. He believes that over the next year or two, developers will learn how to create more interesting blockchain-based games.
Wyatt envisions a future where popular games like Call of Duty: Warzone can feature blockchain assets, with players buying and trading NFT guns and cosmetics. He believes that game publishers could offer tokens in place of in-game currency, providing an accessible on-ramp into crypto.