In a recent interview, Stardust CEO Canaan Linder gave many opinions on blockchain and NFTs.
According to Linder, unlike publishers, blockchain allows building on user and developer-contributed content, among many other benefits it holds. Linder also affirms that NFTs are yet to climb to further heights in the blockchain space.
To get conversant with who he is, his company created a low-code NFT integration tool for millions of popular gamers. Blockworks spoke with Linder about why blockchain may improve the gaming industry.
Linder has high hopes for blockchain
While addressing how blockchain technology might help game developers solve their biggest challenges, Linder said that mobile gaming had dominated the gaming business for the last decade, with little innovation and a heavy reliance on advertising.
According to Linder, blockchain is the first gaming industry innovation in years.
He sees this innovation has come at a good time, as Apple’s IDFA changes have made user acquisition more expensive for all games. Linder asserts that Developers’ margins have fallen, so they’re looking for new ways to innovate and provide consumers with better experiences.
On what web2 games benefit from integration, Linder suggests NFTs might assist MMOs and Runescape. In virtual economies, rare items, and resource-grinding MMOs like Runescape, NFTs may improve player experience and lifetime value (LTV).
Linder: Gaming interoperability is the future
On the necessity of gaming interface, Linder believes blockchain and NFTs, like earlier 10x improvements, represent a new stage of evolution that we cannot comprehend. As evidenced by the internet, tablets, and smartphones, what people deem essential now may appear quite different in 20 years.
According to him, a young technology underpins the gaming industry’s creative interoperability. Every major innovation, according to him, is novel, hard to understand, and has the potential to change the world; hence asserts that the gaming industry’s future depends on blockchain technology’s interoperability.
On users gain from this permissionless environment, he believes it has created value outside of games, despite game interoperability limits.
A player might borrow money from a lender using an NFT and a decentralized finance (DeFi) network. The lender will hold the NFT as collateral until it is repaid. NFTs are usually gaming-related.
However, they may be a home, car, or work of art, as per Linder. He also shows optimism for the NFTs and metaverse spaces.