Reddit Co-Founder: Blockchain Gaming Is Going to Be Big

Alexis Ohanian on the Center Stage at Collision 2017 (Diarmuid Greene / Flickr)

Alexis Ohanian, the co-founder of Reddit and part-owner of the world’s most valuable esports team Cloud9, believes that blockchain gaming is going to be big.

Ohanian shared this revelation in a tweet on Thursday where he shared a recent thought piece by Peter Kieltyka, the co-founder of Horizon Blockchain Games.

In the article,¬†Kieltyka breaks down the value proposition of bringing blockchain technology to video games. He touches on ideas surrounding¬†true digital ownership, provable fairness, interoperable economics, mass collaboration and “play to earn” gaming.

This marks one of the first instances of a major esports backer to identify blockchain gaming as “the next big thing” within the industry. Ohanian previously made an investment into the Series A of Cloud9, a funding round that also saw participation from San Francisco Giants’ outfielder Hunter Pence¬†and Hall of Fame quarterback Joe Montana.

While many within the cryptocurrency industry are bullish on the potential for blockchain technology to revolutionize gaming, many within the esports community are far more skeptical — seeing the movement as nothing more than a fly-by-night money grab.

Time will tell whether the lofty goals found among many blockchain gaming groups will come to fruition, but at the very least, the movement has kickstarted a conversation on the nature of in-game assets and true ownership.

More: A New Dimension of Gaming
Photo: Collision Conf. / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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