![\"nintendo\"](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/05\/shutterstock_1250252929.jpg\")
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Reggie Fils-Aim\u00e9, the former president of Nintendo of America, has offered his take on blockchain and play to earn models when applied to the gaming industry. The executive declared that he was a big believer in blockchain technology, and that players investing their time in games should be able to monetize whatever items they had gained.<\/strong><\/p>\n While the opinion of blockchain and play-to-earn technologies is still negative<\/a> among traditional gamers, some veterans of the gaming industry seem to be taking these elements in a more serious way. This is the case of Reggie Fils-Aim\u00e9, an executive that was President of Nintendo of America from 2006 to 2019 when he announced his retirement.<\/p>\n Fils-Aim\u00e9 was very clear about his opinion on the role that these new technologies could play in gaming, and in a recent panel at SXSW, he stated<\/a>:<\/p>\n I\u2019m a believer in blockchain. I think blockchain as a technology is really compelling. I\u2019m also a believer in the concept of \u2018play to own\u2019 within video games.<\/p>\n<\/blockquote>\n To exemplify this case, the former Nintendo executive stated that players who invest their time in games should be able to monetize their activities in some way. He declared:<\/p>\n There are some games where I\u2019ve invested 300 hours\u2026 when I\u2019m ready to move on to something else, wouldn\u2019t it be great to monetize what I built?<\/p>\n<\/blockquote>\n Fils-Aim\u00e9 concluded by saying that many would be interested in purchasing his island in the Animal Crossing game, introducing a possible application of the NFT technology to a current Nintendo franchise.<\/p>\n Nintendo, one of the pioneer companies in the gaming industry, has been slow when it comes to innovating by including these elements in their games. However, this does not mean they don\u2019t understand what these technologies can achieve in the future.<\/p>\n In fact, Nintendo made reference to the subject in a recent Q&A session where it stated that while the company believes that the metaverse had great potential, it was difficult for it to devise \u201cwhat kind of surprise and fun\u201d these elements might bring to players.<\/p>\n Other companies have already entered the world of blockchain technology, either by including them as an important part of their investing and business strategy (like Ubisoft<\/a> and Square Enix<\/a>) or by already launching exclusive NFT drops featuring characters of their franchises like Konami<\/a> did with Castlevania.<\/p>\nFormer Nintendo President Believes Blockchain Elements Can Be Used in Gaming<\/h2>\n
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Nintendo, the Gaming Industry, and Blockchain<\/h2>\n