Robby Yung, the Chief Executive Officer (CEO) of Animoca Brands, expressed his insights on the synergistic potentials of Artificial Intelligence (AI) and blockchain in the gaming world during his interaction at the Proof of Talk blockchain conference in Paris.
AI: The Buzz in Tech Discourse
The discussions revolving around Artificial Intelligence (AI) have taken center stage in tech talks and beyond, following the rise in popularity of AI chatbots like OpenAI’s ChatGPT and more.
Proof of Talk 2023: AI, Blockchain and Gaming Intersection
During the 2023 Proof of Talk conference in Paris, focused on blockchain and Web3, Cointelegraph had a one-on-one discussion with Robbie Yung of Animoca Brands. The crux of their conversation revolved around the interplay between AI, blockchain, and the gaming industry.
Long-standing Involvement with AI
Yung revealed to Cointelegraph that Animoca’s involvement with AI has been longstanding, with the company nurturing AI start-ups and leveraging AI in game development. He emphasized how generative AI can revolutionize productivity and development for art teams.
The Impact of AI in Gaming
The pervasiveness of AI in the gaming industry is evident. Nvidia, on May 29, unveiled a new set of AI tools named Nvidia ACE for Games. These tools enhance the capabilities of non-player characters (NPCs) or background players in games through AI.
AI and Blockchain: Enhancing Player Experience
Yung further elaborated that incorporating AI enables players to interact more intensively with the game’s universe, giving it a semblance of its own life. He added that this interactive aspect becomes even more significant in blockchain-based games:
AI and Blockchain: A Symbiotic Relationship
He elucidated that AI has a deep-seated symbiotic relationship with their work in blockchain. In blockchain gaming, NPCs evolve into characters, leading to transactions among them. According to Yung, these transactions are likely to utilize crypto, and he foresaw:
Future of AI: Crypto as its Native Currency
“Crypto will eventually become the native currency of AI.”
AI-Enhanced Games: Active, Blockchain-Based NPCs
He speculated that if AI-enhanced games could create active, blockchain-based NPCs conducting transactions, it would be akin to employing a multitude of tireless workers.
The Current Limitations of AI and Blockchain
Like any other technology, AI and blockchain are also bound by limitations like costs and power requirements. But Yung expressed his optimism, saying, “Like every tech, these limitations will soon subside.”
Regulatory Focus on AI and Web3 Industries
As AI and Web3 technologies become more mainstream, they have caught the attention of regulators across the globe.
The Impact of Regulations on Emerging Tech
Upon being asked about the impact of regulations on gaming and metaverse industries, leveraging emerging technologies like AI, blockchain, and cryptocurrencies, Yung welcomed regulatory clarity, believing it’s conducive to fostering a predictable investment environment.
Investor Perspective and Market Health
He emphasized that investors tend to invest more comfortably in an environment where the rules are clear, rather than in an uncertain industry.
The Ripple Effect of Uncertainty
“We feel hesitant to invest; our shareholders feel hesitant to invest in us, and so on. It’s not good for markets,” he commented, highlighting the ripple effect of uncertainty in the industry.