A piece of recent news from a gaming news site called Game Is Hard shared that Take-Two Interactive Software, the company behind the famous “Grand Theft Auto” video game series, has entered the world of blockchain gaming.
They released a game called “Sugartown,” built using blockchain technology on Ethereum. This release is a big deal because it shows that Take-Two believes in blockchain gaming, likely making more people interested in using cryptocurrencies.
Take-Two Big Decisions in the Blockchain Market
Take-Two deciding to use blockchain in gaming is a big step for this new type of gaming. Urvit Goel, who used to work for Amazon in the gaming industry, thinks this might encourage other big companies like EA and Activision Blizzard to do the same.
Urvit Goel says games like “Grand Theft Auto” and EA’s “Madden” and “FIFA” make a lot of money from in-game buying and selling. But Goel also expresses his concern about the blockchain adaptation because people worry about controlling what they own in these blockchain games.
The new game lets players collect, own, and trade unique NFT tokens. These steps show that the company believes in the future of crypto gaming.
Right now, Asian game makers are also exploring crypto gaming. They’re working with a company called Polygon. Urvit Goel thinks that the Asian game companies will develop great competition for the Western game market just like they did with technological advancements.
Another thing that shows people are interested in crypto gaming is a collaboration between Epic Games and Nike. They’re offering unique digital NFT sneakers in the game “Fortnite.” Epic Games is also selling blockchain games online.
Furthermore, the report shows that companies like Reddit and Ubisoft are using Polygon Labs’ faster and cheaper Layer 2 technology instead of Ethereum. Polygon’s Layer 2 technology is boosting the crypto gaming market and establishing solid roots for the future. But Polygon Labs is also receiving tough competition from Layer 2 solutions like Arbitrum and Layer 1 blockchain, such as Solana and Avalanche.
The interest of Take-Two and other game companies highlights that this new way of gaming is turning from a myth to a remarkable reality. Even though people still worry about controlling their stuff in these games, using NFTs and successful games gives hope for more growth.
The Unpredicted Future
Asian game developers are at the leading position in the crypto gaming industry, and Western companies are expected to follow suit. This ongoing trend is expected to expand the blockchain gaming industry’s scope significantly.
Despite numerous challenges, Take-Two’s innovative idea of Grand Theft Auto and Blockchain inspires other gaming industries to strive to incorporate blockchain technology into various games.
