The commercial opportunities of NFTs with Reality’s Tony Pearce [video]
Reality Gaming Group co-founder Tony Pearce talks about the compelling aspects of blockchain gaming and NFT games’ commercial opportunities at Pocket Gamer Connects London 2022.
How do NFT-based games differ from traditional games? Can blockchain titles truly offer value while focusing on gaming rather than the earning? What other utility can an NFT have? In this session from Pocket Gamer Connects London 2022, Reality Gaming Group co-founder Tony Pearce discusses all these and more.
NFT games and their utility
Pearce discusses the ins and outs of blockchain gaming to give audiences a better understanding of its compelling nature. He talks about the gameplay and commercial opportunities of NFT games. Specifically, his session highlights the nuances of generative NFTs and play-to-earn games.
Pearce explains the exponential growth of NFTs and how they can be used for players to interact with brands and games they’re passionate about. They’re not simply JPEG files. Instead NFTs offer a roadmap of never-ending utility.
The future of blockchain games
In particular, Pearce cites Bored Ape as an example. These NFTs offer VIP memberships to certain communities and can lead to status, follows, parties, merch and metaverse access. That said, NFT games still face challenges for those who don’t understand them fully.
Pearce also touches upon how new blockchains are now more energy-efficient. NFTs have true utility and true ownership as opposed to in-game items from traditional games. It’s all about the community, using Axie Infinity as an example to drive his point home.
Towards the end of the talk, Pearce discusses what Reality Gaming Group can offer for developers and companies looking to get their share of the pie. He also showcases their NFT projects such as Doctor Who: Worlds Apart and NFT collectibles from Floyd Mayweather Jr.
This half-hour session is ideal for anyone who’s curious about how NFT games actually offer real value. It’s also a great watch for anyone who wants to learn about how to make blockchain games more accessible to mass markets and how to reduce friction.
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