Magic Eden exec sees NFT games as ‘early days of mobile gaming’ • InNewCL
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Blockchain gaming has grown exponentially over the past year as a new and innovative alternative to the traditional gaming world. While the two areas have been widely separated, some market participants see an integrated future.
“I was there in the very early days of mobile gaming, right after the iPhone came out, the App Store came out,” Chris Akhavan, chief gaming officer at NFT marketplace Magic Eden, told InNewCL. “I remember the attitude of traditional gaming companies at the time was that mobile games were dumb.”
These gaming conglomerates viewed mobile games as “really small, nondescript games” that people wouldn’t want to play, Akhavan said. “Many of the big traditional gaming companies have largely ignored mobile [games] in the first few years and that opened up opportunities for new mobile gaming companies like King, now owned by Activision, to create that margin and grow significantly.”
When this happened, big gaming companies became too focused on the mobile gaming space and started acquiring smaller games to compete, Akhavan noted.
“We believe the same journey will take place in web3,” Akhavan said. “Over the past year, billions of dollars have been invested in new Web3 gaming studios and they will be taking the lead here to create the ecosystem and show the true sides of the possibilities, which will be tremendous.”
