Disney Gaming Arm Shows Potential Greenlight to Blockchain Technology

The company is currently reviewing activities and potential in the space, but it is not investing in web3 projects anytime soon.

Sep 14, 2022
by Michael
Disney Gaming Arm Shows Potential Greenlight to Blockchain Technology
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Disney

Disney has shown a level of consideration for NFT gaming, although it is not investing in any blockchain-based projects. This development is coming as more companies continue to invest in web3 gaming projects while others, including Disney, keep observing changes and activities within the space.

In an interview, Luigi Priore, the VP of Disney, Pixar, and 20th Century Games, said that the company is closely watching as developments unfold in the space. However, it is not committing itself to any project at the moment.

He said, “It’s a whole new area. We’re always paying attention to what happens there. We’re looking for those successes to say: where is that going to? Because there have been a lot of very high profile failures, and there haven’t been a lot of high profile successes. Are we looking at that and paying close attention to it? Yes. We’re not announcing anything, we don’t have anything to talk about right now, However, as the industry changes, we’ll be right there with it.”

Controversial Blockchain Trends

As blockchain technology continues to disrupt several sectors of the economy, it has faced mixed reactions from many quarters. Some have expressed confidence, saying that the technology makes property ownership unique and convenient, while others have said that the technology offers nothing new to digital games. However, there have also been worries about environmental hazards and potential scams.

According to recent research at the Game Developers Conference, only 28% of game developers are interested in NFTs, while 27% prefer to use cryptocurrency as a payment tool.

Companies leveraging blockchain technology include Square Enix, Epic Games, and Ubisoft, while GSC Game World and Worm Developers have already shelved their plans to invest in NFT projects.

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