NFT Steez and Cryptoys CEO discuss the future of gaming in Web3 environments

On 14 October NFT Steeza bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with the founder of Cryptoys, Will Weinraub, to discuss the current role of play and toys in relation to their integration with non-fungible tokens (NFTs) and Web3 as a whole.

Weinraub believes that the game “is not limited to children” and believes that as adults, “we still want the game throughout our lives”. According to Weinraub, through the evolution of technology, “the game has evolved.” NFTs, especially in games, have highlighted this layer of ownership through play.

Technology will continue to evolve “lek”

Weinraub and Cryptoys theorize that “adults are just looking for ways to feel like kids again.” Keeping the question of “how play develops” at the forefront, Weinraub says this is at the heart of his experience with the development of play.

From action figures to watching his kids build virtual worlds in Roblox, Weinraub emphasized how profoundly the internet has catalyzed an evolution in play and games. Players are no longer limited within the confines of their neighborhoods or geographic locations, according to Weinraub.

Weinraub emphasized that the content of games is “very, very, different”, and it leans more towards “social play”, regardless of geographical barriers compared to games of previous decades.

When asked about concerns about children and young adults’ comfort level with their digital interactions as opposed to their real-world social interactions, Weinraub acknowledged that the situation exists. However, he said that while it may “affect some people, it may amplify some of that as well.”

The evolution of gaming seems to be turning toward more “social play,” and in many ways it may be designed to “enhance communication skills,” Weinraub argues.

Related: Crypto Unicorns Founder Says P2E Gaming Is In A Long “Maturing Phase”

The future of gaming and cryptocurrency

When asked about the in-game role cryptocurrencies and tokenomics play in blockchain games, Weinraub said he is convinced they are an “important foundation for blockchain games.”

A level of “exuberance” was displayed when play-to-earn models were first created and tested, and Weinraub praised the pioneers who initially navigated these uncharted waters. The sector is likely to develop “very fertile ground in the next year or so,” and Weinraub believes that ultimately there will be a “relaunch of token-based economies and games in a much healthier, sustainable way.”

When discussing in-game tokens and their current use, Weinraub pointed out how the current state of the “Web3 economy is based on tokenization.” As for the next generation adopting and interacting with tokenization and ownership, Weinraub described how it’s “incredibly important and rightly so.”

To hear more from the conversation, tune in and listen to the full episode of NFT Steez, and be sure to mark your calendars for the next episode on October 28 at 12:00 PM EST.