Is it the end of the road for crypto and NFTs in games?

<p>Over 70% of video game employees say their studios have no intention of incorporating bitcoin payments or NFT mechanics into their games. This is the outcome of the Game Developers Conference's (GDC) annual State of the Game Industry survey, which polls industry professionals on their thoughts on gaming industry trends. Even while the majority of respondents do not believe that crypto and NFT integration in the games market is viable, there is a large portion that may be leaning either way in the future.</p> <p>According to our graph, 21% of survey respondents stated that their studios were interested in combining NFT and bitcoin capabilities. With Facebook, Twitter, and Instagram embracing blockchain technology and lately announcing plans for or already implementing NFT profile images, it's possible that other video game studios may follow suit in the future. Traditional gaming businesses' first forays into the NFT industry were fraught with controversy. The release of Ubisoft Quartz and its individualised cosmetic goods has received a dismal reaction, with items selling for only a few dollars each, while developer GSC Gameworld has shelved their intentions to incorporate NFTs into their future action game Stalker 2 due to public backlash. This mindset is reflected in selected comments from the GDC poll, with people labelling NFTs as a "pyramid scheme," a "scam," and a "tech looking for purpose" that is "totally motivated by avarice."</p> <p>According to a recent global study conducted by Finder, 11.6 percent of respondents own NFTs, with an additional 9.4 wanting to purchase one in the near future. The Philippines, Thailand, and Malaysia have the highest proportion of NFT owners. According to Financial Times reporting, playing NFT games like Axie Infinity is considered a legal way to earn an income in these countries, despite the fact that around 80% of all value ascribed to NFTs is controlled by 9% of the population. These figures raise the question of whether the current version of NFTs is, in fact, a py