At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, CEO of Animoca Brands, to discuss the relationship between AI, blockchain and gaming.
Yung told Cointelegraph that Animoca has been involved in AI for “a long time,” both incubating AI companies and using it in game development. He said that for art teams, generative AI is a game-changer in terms of productivity and development.
“Generative art has the potential to dramatically increase the productivity of art teams. It’s like giving farmers tractors instead of horses.”
Artificial intelligence has gained ground especially in the gaming industry. On May 29, Nvidia announced a new set of AI tools called Nvidia ACE for Games. Among other abilities, these tools use AI to give non-player characters (NPCs), also known as background players, more character abilities in games.
The CEO of Animoca Brands explained that the AI integrations allow players to have a more interactive experience with the universe as it takes on a “life of its own”. When the game is based on blockchain, the integration of AI becomes even more important.
“AI has a very symbiotic relationship with what we do in blockchain. NPCs will actually become characters in the blockchain game, meaning they will transact with each other.”
Yung pointed out that the transaction between NPC on blockchain game will most likely have to use cryptocurrencies for transactions. He believes:
“Crypto will become the native currency of AI.”
If AI-enhanced games can create active blockchain-based NPCs that conduct transactions, he said, it will be equivalent to having a bunch of employees who don’t sleep.
According to Yung, the current limitations of AI are similar to those seen in the blockchain space – cost and performance. “Like everything in tech,” he said, “it goes down fast.”
Both the AI and Web3 industries were a major focus for regulators around the world as technologies become more accessible to mainstream users.
When asked about the implications of the regulations on the gaming and metaverse industry, which uses emerging technologies such as artificial intelligence, blockchain and cryptocurrencies, he said they welcome the regulations for the sake of clarity.
“Clarity is what everyone wants… It’s about having an environment that’s more predictable because it’s conducive to investment.”
He said when investors have a clearer understanding of the rules, they feel more comfortable investing than in an industry with a lot of uncertainty.
“There’s a ripple effect,” he said. “We are reluctant to invest, our shareholders are reluctant to invest in us and so on. It’s not good for the markets.”