Electronic Arts (EA), an important gaming and entertainment-oriented firm, has made insightful remarks in regards to the importance of NFTs and the play-to-earn model in its last earnings name. Andrew Wilson, CEO of the corporate, addressed the topic in response to a number of questions posed by business analysts.
Electronic Arts Open to NFTs and Play-to-Earn
Electronic Arts, the corporate behind gaming sports franchises like FIFA and NBA, has assessed the importance of new technologies like NFTs and the play-to-earn model for the gaming industry. Throughout the firm’s newest earnings call, Andrew Wilson, Electronic Arts’ CEO, stated that whereas the conversation around NFTs and play-to-earn was still very early, these can’t be ignored as an important part of what may be to come back within the industry.
When requested in regards to the negotiation for the FIFA license, Wilson stated:
When we kind of interact with our a whole bunch of millions of soccer followers. they need more modalities at play inside the sport, which transcend simply straight 11 on 11 football. They need more digital experiences exterior the sport, esports, NFTs broader sports consumption and so they need us to move actually, really quickly.
Wilson’s remarks point out that the technology in gaming is moving at incredible speeds, with followers wanting increasingly more involvement within the possession of those digital worlds and the experiences related to them.
Answering another question from an analyst, Wilson acknowledged the validity of those new trends for upcoming improvements within the mainstream gaming arena. Wilson said:
The play-to-earn or the NFT dialog remains to be actually, really early… there’s at some stage, a lot of hype about it. I do think it will likely be an vital part of the future of our trade on a go-forward foundation. However it’s still early.
Related: Play-to-earn Startup Crypto Gaming United and Zebedee raise millions from Australian VCs
NFTs as Collectibles
NFTs have had great success as part of digital collections that attraction to the traditional collector but in addition to newcomers to the atmosphere. There are examples of this occurring within the trade. Certainly one of them is the NBA Top Shots franchise, which helps followers treasure probably the most memorable shots from their favorite players, taking collectibles to the next level. Last May, the app had already crossed the million user mark.
This type of engagement is what’s driving conventional firms to those new technologies. Electronic Arts aren’t alone. Ubisoft has additionally given statements in regards to the significance of NFTs for the way forward for the industry and is actively investing in firms like Animoca Brands, that develop blockchain-based games.
Source: Bitcoin News