Developers Sees Blockchain and NFTs as Key Trends in Video Game Design

Video game developers are gradually becoming more aware of the inherent opportunities in blockchain technology and Non-Fungible Tokens (NFTs), as well as other NFT innovations in video game design. A recent survey report from blockchain infrastructure provider, Stratis confirmed this position with 58% of 197 video game developers surveyed in the US and UK affirming that they are now beginning to use blockchain technology.

The survey, which was undertaken by insight agency, Opinium, revealed that as much as 47% of the respondents have already started to incorporate Non-Fungible Tokens (NFTs) in their games. As for those who have not started exploring the new crypto innovations, about 72% said they would consider using these technologies for new games with 56% planning to do so in the next 12 months.

The evolution in the digital currency ecosystem over the past few years has led to a number of innovations including GameFi and Play to Earn. The success of Axie Infinity has further highlighted how feasible blockchain can be used to create engagement and incentivize users alongside. The Stratis survey revealed that as much as 57% of developers are interested in GameFi, with 46% interested in Play-to-Earn integrations in their future game developments.

“We commissioned this research to solidify what we already assumed — that blockchain and NFTs are the future of video games. From our own experience supporting AA game developers, we know first-hand how these technologies are already beginning to improve the player experience by rewarding players with the ability to earn real-world value. Stratis offers an SDK to the Unity gaming engine, with plans to add Unreal soon. We’re betting big on blockchain gaming and we want to be the infrastructure layer,” said Chris Trew, Stratis Chief Executive Officer.

Bridging the Economic Gap in Developing Countries

Beyond the thrills that Blockchain, DeFi, and NFTs make possible in video games, they usher in an economic model that has the capability of bridging the financial gap amongst low-income earners in developing countries. 

This position is held by Jean-Philippe Vergne, Associate Professor at UCL School of Management who said when fully commercialized, games with blockchains, NFTs, and P2E integrated can serve as a viable wealth transfer across the board.

“Most of the early growth in play-to-earn gaming will come from emerging economies, where earning a few dollars a day through gaming can send them to the middle class. At scale, this could potentially herald a wealth transfer from the rich to the emerging countries and transform the global economy.”