NFT REVIEW Animoca Brands Embraces Interoperability in Gaming

Animoca Brands, led by CEO Robby Yung, is setting a new standard in the world of Web3 gaming. Speaking at an NFTUK event in London, Yung touched on the transformative potential of interoperability in this space and its power to attract new players.

Web3 Gaming: The New Arena

According to Yung, Web3 games, unlike their predecessors, allow for the seamless sharing of digital assets in the form of NFTs across various platforms. This interoperability could potentially draw players from well-known games to newer ones, in a strategy likened to “vampiric attacks” seen in decentralized finance (DeFi). However, instead of draining resources, Yung views the phenomenon as capable of creating a virtuous cycle.

Furthermore, Yung noted that interoperability could serve as a gateway for players and creators alike. The shared utility of NFTs enhances the value of in-game assets. Game creators may also earn royalties from these shared assets, contributing to a collaborative and prosperous gaming ecosystem.

Achieving interoperability is no easy task. It demands intensive collaboration among game developers and initiatives such as the Open Metaverse Alliance. Animoca Brands wholeheartedly endorses this collaborative approach.

Simplifying Web3 for Mainstream Gamers

One of the primary objectives for Animoca Brands is to integrate mainstream gamers into the Web3 ecosystem. This integration involves simplifying certain Web3 aspects, like public ledger registration of digital assets and maintaining off-chain game logic for cost-efficiency.

With the advancement of Web3 middleware, traditional game developers now have the capability to integrate Web3 features such as custodial wallets and minting solutions, without requiring extensive blockchain knowledge.

Seamless, user-friendly Web3 games are making their mark, signaling a shift from traditional gaming practices. However, the transition from Web2 to Web3 systems poses a significant challenge, especially for gamers accustomed to older practices. Custodial wallet solutions can play a central role in this transition, easing the learning curve for new users.

In conclusion, Animoca Brands, under the leadership of Robby Yung, is poised to spearhead the evolution of gaming. Interoperability holds the key to a more vibrant, dynamic, and inclusive gaming community.