Auto

Ghost

Quartz

Million

Pocket

<ul class="list-ic vertical">
 <li>1 <a>GTA 6 is likely to get a trailer in December.</a></li>
 <li>2 <a>Rockstar Games will celebrate its 25th anniversary in the month.</a></li>
</ul>
The upcoming Grand Theft Auto (GTA) game was rumored to have a crypto element. Digital asset integration has primarily met backlash from traditional gamers in the past. However, this time it’s a speculation from a digital asset attorney. GTA 6 is scheduled to get a trailer next month.
<h2 class="wp-block-heading" id="strong-crypto-is-not-entering-traditional-games-that-easy-strong">Crypto Is Not Entering Traditional Games That Easy</h2>
John Montague, a digital asset attorney, recently told a leading crypto media house that a gaming powerhouse like Rockstar Games is unlikely to integrate or issue a native cryptocurrency in their games. A recent crackdown by the Securities and Exchange Commission (SEC), a US federal government agency, may stem the fear among users, he believes.
He addressed a recent no-action letter directed towards a <a href="https://www.thecoinrepublic.com/2022/12/31/crypto-gamers-axie-infinity-and-the-sandbox-are-listed-in-worst-performing-cryptocurrencies-in-2022/" target="_blank" rel="noopener noreferrer nofollow">crypto game</a> dubbed Pocket Full of Quarters. The regulator does not deem in-game fixed-price virtual currencies as securities but as gaming utilities. There is a war of words respecting the nature of cryptocurrencies. While the SEC alleges these assets are being traded as unregulated securities, crypto pundits simply deny the fact.
Sam Houser, President of Rockstar Games, addressed the community for their support over the years. The company will mark 25 years in the gaming industry next month. He writes, “In 1998, Rockstar Games was founded on the idea that video games could come to be as essential to culture as any other form of entertainment, and we hope that we have created games you love in our efforts to be part of that evolution.”
Regarding a leak last September containing 90 videos and screenshots, Rockstar acknowledged in a message that the hackers downloaded early development footage from the servers. The team apologized, “We are extremely disappointed to have any details of our next game shared with you all in this way.”
Assassin’s Creed creator Ubisoft remains the only major gaming company to try digital assets in their game. The company came up with Quartz NFTs (non-fungible tokens) for Tom Clancy’s Ghost Recon Breakpoint. Out of thousands of tokens the company issued, nearly a hundred ended up in successful sales.
Traditional gamers believe NFT has little entertainment value. They believe people come together to capture potential profits from these assets. Additionally, the environmental debate has also had non-fungible tokens in turmoil. Technology news provider The Verge reported NFTs emit enough carbon, eating up electricity equivalent to a European Union (EU) citizen based on a study.
Cryptocurrencies are still making their way to the mainstream. Nevertheless, they are still facing regulatory barriers in different countries. Available data indicates nearly 400 Million global users have hopped onto the crypto bandwagon. Gaming finance (GameFi) contributes just a fraction (1.4 Million users) to this number.

Sorry Gamers But GTA 6 Is Not Likely to See Crypto Assets in Game

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Thecoinrepublic.com

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