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Blockchain gaming economy “will be bigger than Japan”

June 19, 2020

Hironao Kunimitsu, Founder of the developer of mobile games Gumi in Tokyo you think The blockchain-based NFT video game industry (Non-Expendable Token) will grow to become “more valuable than the entire Japanese economy”.

Kunimitsu spoke about it the future of video games and NFTs at the event Traders live by Cointelegraph Japan last week.

NFTs combine economy and video games. They are unique tokens that represent a specific item. For example, an NFT can give players ownership of the elements and characters of the game. These They can be exchanged for cryptocurrencies on exchanges like OpenSea.

Blockchain gaming economy “will be bigger than Japan”Blockchain gaming economy “will be bigger than Japan”

in the MinecraftSome players build many houses, but currently You can only show your efforts to other people and that’s it. However, an NFT token that offers home ownership is different.

“If Blockchain guarantees that ‘this house is the only one in the world’, there will be someone who wants to pay for it. If the amount of private furniture available is ten, if the amount of aviator clothing manufactured by Gucci increases one hundred is limited when the supply of land, buildings, etc. it is also limited, they become valuable. “

Great in Japan

The potential is huge: Fortnight has about 150 million players a month and Minecraft is not far. Kunimitsu notes that “it is larger than the population of Japan” and When they start introducing blockchain technology, the value of game elements in their worlds increases.

“Now Zuckerberg (Facebook CEO) is developing Libra. They also do virtual reality business through Oculus. If in the near future a game world with more than 100 million, 200 million, even 300 million inhabitants is born, [al usar blockchain] You can exchange items in the game as assets and the Libra can become the base currency. Then you will see that the economy is bigger than Japan. “

Parents want children to play

In addition, Kunimitsu believes that The new world of blockchain games could change children’s education. “At the moment, the time you spend playing video games is worthless,” he said.

“Sports like baseball and soccer are kind of okay. Studying is of course okay. Your parents won’t scold your child for it. Why are you learning so much? Why do you play so much soccer? You wouldn’t say it. But they’ll say why you play so much video games. That’s because it’s a waste of time. ”

Kunimitsu believes that The nature of attitudes towards video games will change as blockchain games become more common and more valuable. “If you play Minecraft indefinitely, you can build a gorgeous house and sell it to people for money in the real world,” said Kunimitsu. “There will be many elementary school students who will earn a lot”

“Parents will no longer insult them for playing video games.”

Kunimitsu is also President of the Blockchain Contents Association (BCA) based in Tokyo and director of Double Jump Tokyo, a developer of blockchain games MyCryptoHeroes and Brave Frontier Heroes.