“IT IS POSSIBLE THAT WE WILL SEE GREATER SCRUTINY AND REGULATION OF NFTs IN GAMING IN THE FUTURE ”
JAMES RODD HEAD OF MARKETING , GAMESTA
revenue stream for developers for years . They are separate from the digital asset space , but they involve a mystery assortment of collectibles or in-game items that a player can choose to purchase . Players rarely know exactly what they ’ re getting , beyond perhaps a loose description or a quantity – the thrill , after all , is in the unboxing . But the lack of transparency around the contents of loot boxes has understandably drawn comparisons with gambling products , especially in games that are popular with children .
James Rodd explains the delicateness of the situation with NFTs and why it ’ s important to ensure digital assets aren ’ t drawn down the same path as loot boxes : “ The combination of in-game mechanics like loot boxes with NFTs can raise concerns around consumer protection and the potential for gambling-like behaviour .
“ It ' s important for game developers to approach this type of offer with caution and implement safeguards to ensure that players understand the risks involved .
“ One potential safeguard is to provide clear and transparent information about the NFTs being offered and the odds of obtaining them . This can help players make informed decisions about whether to participate in the
98 May 2023