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Blockchain, Cryptos And Nfts In The Gaming Industry: A Tale Of Two Worlds, Harsheen Anand, Lakshay Kumar, Diane-Laure Arjalies
Blockchain, Cryptos And Nfts In The Gaming Industry: A Tale Of Two Worlds, Harsheen Anand, Lakshay Kumar, Diane-Laure Arjalies
Business Publications
The gaming industry is at a crossroads with Web 3.0. The ever-growing gaming industry is at a tipping point of mass blockchain adoption. Based on public and secondary data analysis, we show that the gaming industry is shifting toward Web 3.0, which could significantly affect its practices and business models. Aligned with this change, big gaming companies have launched new technologies associated with Web 3.0, such as NFTs and cryptocurrencies. The sector’s reaction could indicate the society’s response to including cryptocurrencies and NFTs in an increasing number of industries. Reluctant North American players. North American players have been unwilling to …