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Nolan Bushnell, the founder of Atari and inventor of Pong \u2014 one of the first commercially successful video games \u2014 has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds.\u00a0<\/p>\n

During the Digital Entertainment Leadership Forum in Hong Kong on Aug. 25, Bushnell spoke alongside Animoca Brands co-founder Yat Siu, discussing the past, present and future of gaming. It was moderated by Sean Hung, the managing partner of Chiron Group.<\/p>\n

Bushnell, whom Siu acknowledged as the \u201cgrandfather of gaming,\u201d praised Web3 games for their ability to extend the concept of ownership into the digital landscape. <\/p>\n

\u201cGames will increasingly imitate all factors of life. Web3 with blockchain suddenly transmits ownership into the virtual world.\u201d<\/p><\/blockquote>\n

The Atari founder currently serves as the chief knowledge officer at Web3 gaming company Moxy \u2014 and kicked off the panel by sharing the topline details of a conversation he\u2019d had with Siu in the days prior:<\/p>\n

\u201cI was just gobsmacked. I mean, we had you know, every once in a while you can have a conversation that changes your brain. We had one of those.\u201d<\/p>\n

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I’m excited to be speaking at the DELF event. We’ve chosen Hong Kong for https:\/\/t.co\/GNemkV0YDf’s entrance to the Asian Market https:\/\/t.co\/phUuANd9LB<\/p>\n

\u2014 Nolan K Bushnell (@NolanBushnell) August 15, 2023<\/a><\/p><\/blockquote>\n

While Bushnell launched into his prediction of a world in the not too distant future, where the inside of self-driving cars could become a mobile gaming studio, Siu pointed to the potential of Web3 games to help economically monetize gameplay\u00a0as games become a more ubiquitous part of everyday life. <\/p>\n

\u201cThe impact that Web3 gaming has already had\u2026is that you can start earning money with the engagement of the time that you spend in these games.\u201d<\/p>\n

Siu said that despite games originally taking the form of \u201cplayer versus environment\u201d systems, where gamers play against the non-player characters (NPCs), the world of gaming \u2014 as seen through the rise of Minecraft and Roblox \u2014 has evolved to become a multiplayer ecosystem. <\/p>\n

\u201cYou don’t go to Fortnite to play against yourself or an environment. You go online to play against others, meaning that we, the players, are the content, but the difference is that we haven’t really been compensated for it,\u201d Siu explained.<\/p>\n

When asked what he saw as the biggest promise provided by Web3 games, Bushnell said that the combination of \u201cKYC and the immutability of blockchain\u201d were the best ways to ensure that players in online games were not bots or bad actors. <\/p>\n

Additionally, Bushnell predicted that games would soon become an essential part of the classroom, with students learning best by way of \u201cstory and simulation.\u201d<\/p>\n

Related: <\/em><\/strong>Play-to-earn has fatal flaws: How can Web3 gaming be more sustainable?<\/em><\/strong><\/p>\n

While the positives of Web3 games were readily espoused, Yat Siu noted some of the issues that had arisen alongside the proliferation of blockchain gaming. <\/p>\n

\u201cWhen you introduce Web3 and blockchain to any system, including games, you’re introducing capitalism. And so the problems we have seen in the last 12 to 18 months comes from the fact that these games have become not just capitalist to the studio that produced it, but to every participant,\u201d Siu said. <\/p>\n

Despite the many flaws introduced by the financialization of games \u2014 many of which became readily apparent in the \u201ctoxicity\u201d of play-to-earn games like Axie Infinity \u2014 Siu said that the inherently capitalist element would aid young gamers in gaining a financial education. <\/p>\n

\u201cIf the world becomes more financially literate because of Web3 gaming \u2014 because they understand something about value \u2014 then I think the world will become safer.\u201d<\/p>\n

Collect this article as an NFT<\/em><\/strong> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n

Magazine: <\/em><\/strong>Blockchain games aren\u2019t really decentralized\u2026 but that\u2019s about to change<\/em><\/strong><\/p>\n