The former CEO and founder of Myspace, Chris DeWolfe, feels that “play-to-earn” is the “future of gaming.”

While many gamers are skeptical of blockchain-based gaming, Chris DeWolfe, the co-founder of Myspace, believes it will catch on because the economic model inherently gives players greater control over their in-game experiences.

“The quality of the game and how developers connect and engage with players to set expectations,” DeWolfe, CEO of game production startup Jam City, told Cointelegraph, “may gradually transform the perception of skeptics.”

Chris DeWolfe, the creator, and CEO of Jamcity.com, is the source of this information. In its early stages, the former Myspace CEO also compared Web3 gaming to Web2 gaming. Many analysts, according to DeWolfe, doubted the viability of Web2 advertising and business models:

“They were also unsure about the quality of user-generated content and if it would be entertaining, so adoption was an issue.” On the other hand, MySpace is a fantastic example of how user-generated solid content can be.”

MySpace Founder says Meta Games will get better🤔🤩#cryptomiles #cryptocurrency #Crypto #NFT #NFTs #NFTCollection #blockchain #NFTCommunity #CryptocurrencyNews #Metaverse pic.twitter.com/VOfhzyZHSO

— CryptoMiles (@CryptoMiles_) April 19, 2022

Similarly, while there is skepticism regarding the current level of gameplay and adoption rates in blockchain games, DeWolfe believes that the sector will thrive as games become more engaging and exciting:

“It’s early days, but we’re excited by what we’re seeing and confident that if blockchain games are fascinating and exciting to play, they’ll continue to gain popularity.”

Jam City debuted its blockchain business in 2021 with the publication of Champions: Ascension, a blockchain game. According to DeWolfe, the game places a strong emphasis on community interaction, including one of the most active players in the game’s lore.

DeWolfe also believes that blockchain-based entertainment will be a dominant platform for sociability and commerce in the future. “We believe it will become the main site where we all socialize, be entertained, and do business,” DeWolfe predicted.

Also, read – Jordan Belfort Is The New Investor Of OneTo11 Blockchain Gaming Platform

Sega, meanwhile, is considering incorporating nonfungible tokens (NFTs) into its Super Game initiative, which promises to connect numerous games. Cloud gaming and NFTs, according to Sega producer Masayoshi Kikuchi, are a “logical extension for the future of gaming.”