Crypto speculation falls out of favour with game studios

Discussions on platforms like Reddit and Discord are rife with complaints from game developers that blockchain games are less concerned with being high quality or fun to play, and more focused on how much hype their financial assets can generate. — Image by DCStudio on Freepik

In late 2021, as crypto prices hit fresh records, several major gaming studios sought to position nonfungible tokens as the next big thing. Mere months later, falling prices and criticism from players and their own employees have muted that enthusiastic chorus.

Studios expected crypto assets to create opportunities for players to own their in-game digital items while forging a new revenue stream for the publishers. The reality has been less straightforward.