As Gaming Industry Flip-Flops on Loot Boxes, Web3 Lucky Block Evolves the Paradigm

cryptonews.com:

Loot boxes have become controversial in several countries, such as the UK. In August, there was pressure upon the UK government to ban loot boxes over concerns that they were akin to gambling and had detrimental effects on financial and mental health. However, the government has said it does not consider loot boxes the same as gambling.

Despite the controversy, gaming giant EA has said it will continue supporting loot boxes for FIFA 23’s Ultimate Team mode. The company has said that Ultimate Team and FUT Packs have been a part of the game for over a year, and FIFA players love them.

According to EA, FIFA loved the game because it reflected the real world, and players were given the choice of spending money only when they wanted to. EA also said it does not encourage spending compared to earnings rewards by playing the game, adding that players did not spend in the game.

Ultimate Team generates hundreds of millions of dollars for EA annually. The concept revolves around creating a team of players that can be used to play in online and offline matches. The players can be obtained in multiple ways, with the main one being via virtual card packs. The card packs can be purchased using FUT coins earned in the game or FIFA coins bought with actual money.

However, not all gaming companies stick with the idea of loot boxes. Nintendo has revealed that it will do away with the loot box feature in the Mario Kart Tour in an upcoming upgrade. However, while it is doing this, the game still lacks transparency.

Nintendo does not share the odds of winning the items on the “pipes,” with some randomized rewards being as low as 0.04%. Some of the karts and characters are only available for a short time.

The removal of loot boxes by Nintendo also