When it comes to understanding the viability of digital assets, no industry is more experienced than gaming. In-game assets and collectibles have remained massive moneymakers for prominent game development companies like Valve and Epic, so taking these assets on-chain seems to be the logical next step for many.
Yet, as market makers continue to rally against NFTs and ignore indicators of how Web3 has the potential to improve gaming, it’s been left to the participants of these industries to find solutions for themselves. And because taking gaming to the next level would be an undeniably massive undertaking for any one player, FaZe Clan has opted to take position as the leader of this movement.
Considering FaZe Banks, founder of the FaZe Clan, has remained a major proponent of NFTs over the past few years, it may come as no surprise to some that his popular professional Esports and entertainment organization has been steadily working on its Web3 offerings. At nft now x Mana Common’s The Gateway, FaZe offered a glimpse of what these offerings might look like, building out its own sector of the event to showcase a new initiative called FaZe Forever.
With FaZe Forever, powered by MoonPay, FaZe Clan will seek to leverage its standing at the forefront of gaming, entertainment, culture, and community, to reenvision the convergence of gaming and Web3. And this is all to be carried out not by siphoning money from the FaZe and gaming community, but through a free-mint digital cartridge, which acts as an entry into the FaZe ecosystem for the more than 90,125 people who have already minted.
In speaking with FaZe CEO and Co-Founder Lee Trink, Web3 and Talent Strategist Kai Henry, Head of Web3 Brooke Grant, MoonPay CEO Ivan Soto-Wright, and of course, Banks, nft now got the inside scoop on just what this “new wave of gaming” might look like. Watch the full video here to find out more.