Change strategy for better evaluation, Electronic Arts is now getting skeptical about NFTs. Looks like now more and more firms are understanding needs of NFTs and there real world value.
Electronic Arts is now getting skeptical about NFTs
Three months ago, Electronic Arts announced NFTs and blockchain technology as the future of the video game industry. Yet they are now considering re-evaluating their plans. It may be a new wave in NFTs world as more and more firms are coming public with there plans and needs of these digital arts, NFTs.
At Arts’s latest financial conference, Andrew Wilson, CEO of Electronic Arts, announced that they are exploring NFTs and blockchain technology. He noted that for new technologies such as virtual reality and 3D displays, four criteria have always been considered: quality, abundance, originality and value. Therefore, the company does not intend to ignore these criteria for blockchain technology.
According to PC Gamer , other companies such as Ubisoft do not consider such criteria and have adopted different strategies. Nicolas Pouard, deputy director of Ubisoft’s Laboratory of Strategic Innovations, said in an interview last week that the problem was that players could not understand NFTs and blockchain technology . Unlike many companies, Ubisoft does not seem to want to spend more time exploring all aspects of this technology.
Many fans have taken to Twitter to point out that many artists have fallen victim to NFT scams so far, and that these are fundamentally flawed assets. Others cite their environmental effects and use them as a way to evade taxes. So in recent weeks, many have changed their minds about working in this field. In recent weeks we have seen Troy Baker, GSC Game World studio, game developer Stalker 2. And Sega cancel all their NFT programs. In coming years the NFTs will be more valuable than real arts.