Space invaders: How video gamers are resisting a crypto onslaught


A file photo of the Voxies game is shown on a screen at the Miami Airport Convention Centre in Miami, Florida. Analyst firm NonFungible last week revealed that the NFT gaming sector crashed in the second quarter of this year with the number of sales plunging 22%. — AFP

PARIS: When video game designer Mark Venturelli was asked to speak at Brazil’s biggest gaming festival, he submitted a generic-sounding title for his presentation – “The Future of Game Design” – but that was not the talk he gave.

Instead, he launched into a 30-minute diatribe against the blockchain technology that underpins cryptocurrencies and the games it has spawned, mostly very basic smartphone apps that lure players with the promise of earning money.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Blockchain , NFTs

   

Next In Tech News

How AI will boost Windows Notepad and Paint
Amazon.com mulls new multi-billion dollar investment in Anthropic, the Information reports
LG Energy Solution signs 5-year battery supply deal with Rivian
Taiwan's TSMC says US investment plan is unchanged after election
Motorola raises full-year forecasts on steady demand
Nvidia surpasses $3.6 trillion market value after Trump win
Pinterest's forecast disappoints investors seeking holiday season ad boost
US Cellular to sell some spectrum licenses to AT&T for $1 billion
Datadog raises annual forecast betting on AI-driven cybersecurity demand
Italy minister open to reviewing tax hike on cryptocurrencies

Others Also Read