In five years, gamers will only be playing games that allow them to earn money, known as play-to-earn games. This is according to Alexis Ohanian, the co-founder of popular social media site Reddit. He believes that more people are seeking to be paid for their precious time.
On ‘Where it Happens‘ podcast, Ohanian gave his predictions for the next five years in tech. First, he believes that 90% of people using online services and platforms will be participating in a decentralized autonomous organization or DAO. He also believes that people will care more about their online identities than their offline ones as their lives revolve around the virtual world.
On gaming, he thinks the future belongs to blockchain-based play-to-earn games.
“No one will play a game unless they are being properly valued for their time,” he stated.
“In five years, you will actually value your time properly, and instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don’t actually own, you will be playing some on-chain equivalent game that will be just as fun, but you’ll actually earn value and you will be the harvester,” he added.
Play-to-earn has become the new standard that’s revolutionizing the gaming world. And with gaming raking in more money than Hollywood and music sales combined, it could become one of the biggest sectors, especially in the blockchain world.
Already, some of the biggest gaming companies are jumping on board. Andrew Wilson, the CEO of the second-largest gaming company in the Americas and Europe, Electronic Arts, had this to say:
“I do think it will be an important part of our–of the future of our industry on a go-forward basis. But it’s still early to kind of figure out how that’s going to work.”
Other major gaming brands are looking into play-to-earn, including Take Two Interactive and Square Enix.
The Bitcoin SV ecosystem was all about play-to-earn even before it was trendy. Gaming makes up a significant percentage of activity on BSV, with CryptoFights being the single largest contributor to transaction volume on the Bitcoin SV network.
With gaming, transaction volume is key, and only BSV can deliver the kind of scaling that on-chain gaming requires. Just weeks ago, Bitcoin SV surpassed 4 million transactions, the highest of any major blockchain network. This is the type of transaction volume that games with thousands and even millions of players can rely on, and it matters.
Just recently, CryptoFights integrated Fabriik Weave to manage player digital currency swaps as it set new records with over 50,000 players and 1.2 million transactions daily record.
Watch: CoinGeek New York panel, Online Games: Next Level on the BSV Blockchain
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