Unlikely for GTA 6 to use cryptocurrencies
Rumors have been circulating that Grand Theft Auto six may incorporate cryptocurrencies into the game, leading some to speculate that players could receive digital assets as rewards or purchase nonfungible tokens (NFTs) as in-game goods or part of the storyline’s humor. The most recent rumors emerged last week on Twitter, but Rockstar Games, the creator of the Grand Theft Auto franchise, has not indicated any plans to enter the Web3 space. Cointelegraph examined the most recent rumors and facts surrounding the possibility of a cryptocurrency-infused Grand Theft Auto game.
Play-to-earn is no longer seen as an efficient business model
Play-to-earn (P2E) games allow users to earn cryptocurrencies by playing games. However, despite the excitement surrounding blockchain-based games, this business model has become unsustainable.
At NFT.NYC in April, game publishers and developers revealed that the industry is searching for alternatives to replace the P2E business model in light of the downturn in crypto prices. During a panel at the event, CEO of gaming platform OP Games, Chase Freo, explained that the P2E model is unsustainable, using Axie Infinity’s shift in some of its flagship titles as an example.
Paul Flanagan, head of business development at Estonian mobile games developer CM Games, also discussed the core issue surrounding P2E models, describing them as “zero-sum” and highlighting their similarity to Ponzi schemes. Flanagan suggested that while branding sponsorships could potentially serve as a viable revenue source, its effectiveness in practice remains to be seen.
Grand Theft Auto V has sold over 180 million units worldwide since 2015, making it one of the most successful game titles ever released. Based on estimates of the revenue of Rockstar’s parent company Take-Two Interactive, the franchise has generated over $8 billion in the past decade. Shifting to a P2E model would be risky for Rockstar, as GTA is a highly profitable franchise.
Rockstar’s NFT ban
In November 2022, Rockstar updated its website to clarify that fan-operated Grand Theft Auto V servers could no longer utilize crypto assets, specifically NFTs.
Some servers allowed modifications to the PC game and interaction between players, with NFTs being used to give players ownership of in-game goods such as weapons and cars. Rockstar’s ban was a disappointment to fans who had hoped to see NFTs in the franchise.
Effective Immediately: pic.twitter.com/CxPIHLaytt
— OTF Gaming (@OTFgaming) November 20, 2022
Lastly, the Grand Theft Auto franchise is known for its humorous style. Many crypto enthusiasts believe that the next Grand Theft Auto could include crypto elements in its narrative, which would justify the years of rumors about the game taking a crypto approach.
Cointelegraph reached out to Rockstar regarding the rumors but did not receive an immediate response. The company has neither confirmed nor denied the possibility of a cryptocurrency-infused Grand Theft Auto six. The title is expected to be released in 2024.
Magazine: Why join a blockchain gaming guild? Fun, profit and create better games