Microsoft is all set to acquire Blizzard in a $70 billion deal. The largest deal in the last few years is hoped to bring Microsoft to the top in the gaming world. Blizzard Entertainment is expected to become the third-largest gaming company, just behind Tencent and Sony, under the watch of Microsoft. It is worth noting that Blizzard has been stuck in some controversies regarding its workplace culture. However, the news from Microsoft announced that CEO Bobby Kotick would continue his position in Blizzard Entertainment.
However, this is not what excited the gaming community the most from the entirety of the announcement. The announcement mentioned a ‘metaverse’ to which the acquisition will act as a building block. Moreover, the acquisition will help with the growth the Microsoft gaming to spread across platforms like mobile, PC, cloud, and console.
According to CEO Satya Nadella from Microsoft, gaming will grow to become integral for the development of metaverse projects in the future. It is currently one of the widely used modes of entertainment. So, Microsoft’s investments are expected to make this potential industry inclusive and accessible while putting the player and the creators in the front seat. Moreover, the idea is also to regulate the environment to make gaming safe while incorporating NFTs.
Still, the metaverse concepts will not be integrated with the existing games like Call of Duty or World of Warcraft from Blizzard mainly because it would shock the users to change the existing outlook of the games and systems. Moreover, we cannot be so sure about how compatible the existing games would be with NFTs, given their gameplay and technical specifications. The fresh products and spin-offs from Blizzard would be utilized for the metaverse concept. And new concepts would be designed to involve XBOX Game Pass with NFTs and the metaverse.
It is not the first time Microsoft is planning to step into NFTs and metaverse. Enjin NFTs have been used in the games from Microsoft for the last two years now. Enjin is also one of the largely used NFT tokens across platforms. This is because the platform offers features like mobile wallets, in-game inventory, and more. The transactions can be carried out just by scanning the given QR code. Jumpnet helps Enjin keep these instant transactions secure and protected.
Interoperability is one of the coolest aspects of Enjin NFTs. The NFT badges offered to the community members of Microsoft can even be exchanged with Minecraft. The new metaverse ideas from Microsoft could potentially push the price of ENJ in the market. The predicted growth of ENJ coins would be around 1000% in a 5-year window at $12.3, according to the Enjin coin price prediction from CryptoNewsZ.com.