Recently, Animoca, a leading digital entertainment company, has made waves in the gaming industry with its acquisition of game streaming platform Azarus. This move, along with the development of their Project Xeno, is a strategic step towards integrating cryptocurrency and blockchain technology into the gaming world. However, the article emphasizes that the high prices of Non-Fungible Tokens (NFTs) are causing concern among some gamers, potentially hindering the broader adoption of these technologies.
Animoca is known for its involvement in blockchain-based gaming, having developed popular games such as The Sandbox and F1 Delta Time. By acquiring Azarus, they aim to enhance their capabilities in the realm of social competition gaming. Azarus offers a unique platform that incentivizes player engagement with crypto rewards, allowing gamers to earn digital currency while playing their favorite games. This acquisition aligns well with Animoca’s vision of incorporating blockchain and cryptocurrencies into the gaming experience.
In addition to the acquisition, Animoca is also working on Project Xeno, an initiative that aims to bring blockchain gaming to mainstream audiences by utilizing existing game streaming platforms. The goal is to enable gamers to easily access and interact with blockchain-based games without the need for technical expertise or extensive knowledge of cryptocurrencies.
Despite these exciting developments, the article highlights a potential barrier to the widespread adoption of blockchain gaming: the high prices of NFTs. NFTs are digital assets that represent ownership or proof of authenticity of unique items, such as in-game items or artworks. While NFTs have gained popularity and have been sold for astronomical prices, some gamers are skeptical of their value and are concerned about their impact on the gaming community.