Game Developers Are Not Interested In Crypto and NFTs As We Think, According To GDC 2022 Report

The Game Developers Conference has released the results of its 10th annual State of the Game Industry Survey, which reveal industry trends ahead of GDC 2022, which will be held in-person and virtually at San Francisco’s Moscone Convention Center from March 21 to 25, and virtually from March 21 to April 1.

This year, they polled over 2,700 game developers on their work and their opinions on the gaming industry in general. Cryptocurrency and non-fungible tokens (NFTs) are two of the most contentious and divisive issues in the gaming industry. According to the results of this poll, these developers’ interest in cryptocurrencies and NFTs is growing, although they remain skeptical.

While the majority of developers said they are not interested in cryptocurrency as a payment tool or in NFTs, 27% of developers are at least somewhat interested in cryptocurrency and 28% are at least somewhat interested in NFTs. The present use of both technologies is still extremely limited, with only 1% of surveyed developers reporting that their studio already utilizes either.

When they were asked what their thoughts on the use of cryptocurrency or NFTs in video games and what they think their impact will be, they give a lot of contrary viewpoints, but most of them are negative. This negativity stems from recent scams, negative impacts on the environment, and an unclear future of crypto and NFTs.

“It’s the wave of the future.”

“I think it is a tech looking for a purpose. People will be interested in it as a gamble to make money, but there’s not enough of a public demand for it to be an actual currency.”

“Why do we need them? What benefit does it have putting these systems into our games? Who is using these things? It feels like a very small audience. And also, these technologies are still not using sustainable energy and are a target for money laundering. As a developer I feel deeply uncomfortable that there is a push for these. It feels entirely fueled by greed for more money because we read stories about crypto millionaires, when in reality all of it is extremely unstable and unethical.”

“We should collectively agree to ban the use of blockchain-based technologies in our industry because of their hugely negative environmental impact.”

“Blockchain is a foundational technology that will transform organizations and accountability, but NFTs and cryptocurrencies in general are a scam.”

“I think this is going to be a massive shift in the way we think about digital goods and ownership/monetization.”

“NFTs and crypto are closely tied to the concept of the metaverse and I believe this to be intentional. The forces affecting interest (media, big companies)
are betting on a new virtual life and to consume, we will need a safer and democratized virtual economy. This is where crypto will disrupt.”

“Burn ‘em to the ground. Ban everyone involved in them. I work at an NFT company currently and am quitting to get away from it.”

“I personally am quite interested in NFTs and cryptocurrency, but many people in my studio and friend circle do not like them and won’t develop for them. I think NFTs need to get a better reputation when it comes to [the] environment and art theft first, then it might be an interesting way to give digital content unique value.”

“I’d be lying if I said that I don’t think NFTs are, at best, stupid, and at worst, predatory and ecologically dangerous. Cryptocurrency, I think, can also be a sensitive thing to deal with. Both have had an immense amount of scams pop up in a very, very short while, and it makes me wonder if that trend will stay.”

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