Epic Games CEO Teases Blockchain for Fortnite, No Crypto or NFTs

July 23, 2024 CRYPTOS.TEL NFT 0

Technical Potential Over Financial Uses

Sweeney emphasized that the interest in blockchain is focused on its technical capabilities rather than financial aspects. He described blockchain as a “decentralized solution to distributed transactional evolution,” suggesting it could function as an alternative to traditional databases. This approach is similar to other projects, such as Pirate Nation, which plan to use blockchain technology for managing transactions across multiple systems.

In a recent interview with author Matthew Ball, Sweeney discussed the broader applications of blockchain technology, highlighting its potential in areas such as zero-knowledge proofs and cryptographic consensus protocols.

Sweeney supported the idea of an “open metaverse,” advocating for decentralization and interoperability in digital environments, through open protocols and standards, mentioning the efforts of the Metaverse Standards Forum to establish industry-wide technical standards.

Despite blockchain’s association with cryptocurrency, which Sweeney believes has negatively impacted its perception, he remains confident about the technology’s future. He acknowledged the current challenges and uncertainties surrounding blockchain but expects that its value will be recognized over time.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Telegram
Follow us on Twitter
Like us on Facebook

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Blockchain enthusiast and lifelong gamer.

Leave a Reply Cancel reply

{"prefetch":[{"source":"document","where":{"and":[{"href_matches":"\/*"},{"not":{"href_matches":["\/wp-*.php","\/wp-admin\/*","\/wp-content\/uploads\/*","\/wp-content\/*","\/wp-content\/plugins\/*","\/wp-content\/themes\/mh-magazine\/*","\/*\\?(.+)"]}},{"not":{"selector_matches":"a[rel~=\"nofollow\"]"}},{"not":{"selector_matches":".no-prefetch, .no-prefetch a"}}]},"eagerness":"conservative"}]} /* <![CDATA[ */ var _paq = window._paq = window._paq || []; _paq.push(['trackPageView']);_paq.push(['enableLinkTracking']);_paq.push(['alwaysUseSendBeacon']);_paq.push(['setTrackerUrl', "\/\/cryptos.tel\/wp-content\/plugins\/matomo\/app\/matomo.php"]);_paq.push(['setSiteId', '1']);var d=document, g=d.createElement('script'), s=d.getElementsByTagName('script')[0]; g.type='text/javascript'; g.async=true; g.src="\/\/cryptos.tel\/wp-content\/uploads\/matomo\/matomo.js"; s.parentNode.insertBefore(g,s); /* ]]> */