Post FTX, Do Blockchain Games Stand a Chance?
The relationship between crypto and gaming is not always straightforward. Some gamers, and some games companies, have outright rejected all things blockchain and crypto. They say the environmental considerations haven’t been fully addressed, and that turning games into speculative investment opportunities ruins the fun. Others are cautiously optimistic, and are experimenting with in-game NFTs. A smaller number, and a relatively vocal minority, are absolutely committed to making blockchain-based games happen. Among those who were committed, and vocal? now-bankrupt crypto exchange FTX. Earlier this year, FTX announced plans to start its own gaming unit - a platform that enables gaming companies to launch their own tokens and NFTs. FTX has also worked closely with a handful of crypto gaming startups to expand its gaming footprint. But in the aftermath of the FTX meltdown, many wonder what the future of those small companies may look like. How do we make sense of the impact the FTX meltdown has had on the gaming industry? Bloomberg reporter Hannah Miller joins this episode. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter See omnystudio.com/listener for privacy information.