Gen Z Sentiment on the Implementation of Blockchain Technology in Video Games

Abstract

Blockchain technology has garnered increasing attention in recent years, extending its reach beyond its initial application in cryptocurrency to various sectors, including video gaming. This technology, characterized by its decentralized and immutable nature, offers unique opportunities for enhancing transparency, security, and ownership within gaming ecosystems. Understanding Gen Z sentiment towards blockchain technology in video games is crucial for gauging its potential impact and adoption within the gaming community. This paper explores the fundamental principles of blockchain technology and its integration into video games, focusing on applications such as Non-Fungible Tokens (NFTs) and smart contracts. It examines the benefits of blockchain in gaming, including secure transactions, verifiable ownership, and reduced reliance on third-party providers. Additionally, it addresses Gen Z's mixed familiarity with blockchain, environmental concerns, and the desire for regulation to ensure responsible implementation. The survey findings underline the cautious optimism and potential challenges in adopting blockchain technology in video games, highlighting the need for education, sustainable solutions, and regulatory oversight.