This week, NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys when it comes to non-fungible tokens (NFTs) and their integration with Web3 overall.
Weinraub believes that play “isn’t just for children,” and that as adults, “we crave an element of play throughout our lives.” “Play has evolved.” NFTs, especially games, emphasize this layer of ownership through play.
Weinraub and Cryptoys theorize that adults are just looking for ways to feel like children again. Putting the question “how does play evolve” at the forefront, Weinraub says this is the core tenet of his experience with the evolution of play.
From action figures to watching children build virtual worlds with Roblox, Weinraub emphasized how the Internet has deeply facilitated the evolution of play and gaming. According to Weinraub, players are no longer confined within their neighborhood or geographic location.
Weinraub stresses that the game’s content is “very, very different” and, compared to games from decades past, leans toward “social play” regardless of geographic barriers. Did.
When asked about concerns about children’s and young people’s level of comfort with digital interactions as opposed to real-world social interactions, Weinraub admitted that circumstances exist. While it can affect millions of people, it can also amplify some of it,” he said.
The evolution of games seems to be moving towards more “social play” and in many ways may be designed to “improve communication skills,” Weinraub argues. .
The future of games and cryptocurrencies
When asked about the role in-game cryptocurrencies and tokennomics play in blockchain gaming, Weinraub said he firmly believes they are “a critical foundation for blockchain gaming.”
When the revenue-earning model was first created and tested, it showed a certain amount of “buzz,” and Weinraub praised the pioneers who were the first to sail these uncharted waters. The sector is likely to develop “very fertile ground in the next year or so,” Weinraub said, eventually “token-based economies and games will resume in a healthier and more sustainable way.” I think.
Related: Crypto Unicorns founder says P2E games are in a long ‘maturity stage’
When discussing in-game tokens and their current use, Weinraub pointed out that “the current state of the Web3 economy is based on tokenization.” Regarding the adoption and interaction of next-generation tokenization and ownership, Weinraub explained how it is done “incredibly important and the right way.”
To hear more of the conversation, tune in to listen Access all episodes of NFT Steez and check out Cointelegraph’s new Podcasts page on Spotify, Apple Podcasts, Google Podcasts, or TuneIn.
