NFT Games Are Better Than Traditional Games, Urvit Goel

2022-8-16 18:00

The gaming industry is one of the oldest in existence. But changes came to the sector with the advent of blockchain technology and NFT. Now, a lot is going on in the industry, including game developers opening up shops on the blockchain.

Nowadays, people can make money playing games, not those types of earnings that you don’t cash out. But actual money can be earned through winnings. Apart from that, these innovative games allow users to sell their in-game items with the integration of the NFT model.

All these functionalities in blockchain-based games pushed Urvit Goel, the business development manager in Polygon, to applaud the sector. But, according to Urvit, the traditional games have lost their edge to NFT-integrated games.

NFT Games Surpassed Traditional Games

Goel shared his views with a reliable source last week. This discussion took place in Seoul and focused on why Polygon pushes towards NFT games and why many game developers now prefer the space. The business development manager cited two famous publishers in South Korea, Nexon, and Neowiz, as those at the forefront of this migration.

According to Goel, traditional games are no longer as appealing as the NFT game model. For instance, many conventional gamers usually buy in-game items with real-world money.

But they cannot resell those same items for real money if the need arises. But with the integration of the NFT model, gamers can buy their items as NFT tokens and sell them after the game to get back their money.

On that note, Goel stated that traditional games are money in, no money out. According to him, gamers should gain some dollar value from their investments while playing games. He prefers that publishers give gamers some right over their in-game items. They can sell or keep them depending on what they want.

Traditional Game Publishers Shifting To NFTs

Goel also observed that traditional game publishers are considering a shift towards NFTs. For example, he cited Nexon, a famous South Korean publisher of MapleStory, who’s now moving towards GameFi.

Nexon disclosed two months ago through a gaming news outlet that it would launch an on-chain version of MapleStory. Besides, Polygon is also partnering with Neowiz, another South Korean game mogul to emerge on-chain.

Polygon faces a 4% decline on the chart l Source: MATICUSDT from TradingView.com

Due to these moves, Goel expects a domino effect in the gaming industry. He says that for big shots like these two to move on-chain, they’ve also realized the edge of NFT games over traditional versions.

As a result, there’s a great future ahead for GameFi and NFT games. Goel believes that with these top shots worth millions and billions of revenues entering space, a lot will happen in the nearest future.

Featured image from Pixabay, chart from TradingView.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0910131 (-100%)

blockchain nft industry games shops technology advent

blockchain nft → Результатов: 126


Associated Press выставило на аукцион NFT, посвященный выборам в США

Информационное агентство Associated Press (AP) выставило на аукцион невзаимозаменяемый токен (NFT), посвященный внесенным в блокчейн президентским выборам в США 2020 года. The Associated Press is auctioning off their first #NFT artwork on @opensea to commemorate calling the 2020 Presidential Election on the blockchain.

2021-3-5 15:47


ChainGuardians seeks to Transform the Gaming Industry with its Blockchain & Player-centric Economy

ChainGuardians is a platform that combines traditional gaming concepts with blockchain technology to enable player-driven economies. Players can participate in the free-to-play Non-Fungible Tokens (NFT) mining platform and role playing game; both of which allow players to earn income, turning their time and energy into tangible rewards.

2021-2-16 21:24


Фото:

Enjin (ENJ) Allies with Miss Bitcoin to Launch the First NFT Project in Japan

Gracone Inc, an educational platform highlighting the use of blockchain and non-fungible tokens, particularly in charity, is partnering with Enjin to launch the first Japanese NFT charity project via Kizuna, a hub that aims to change the society through sustainable development goals by leveraging on the blockchain, an announcement on Jan 18 reveals. Tokenizing ArtRead More

2021-1-18 16:33


Фото:

Dvision Network Integrates with Chainlink to Bring Fair Random Rewards Distribution & NFT Costing to Their VR Ecosystem

Dvision Network have announced its integration with blockchain oracle solution Chainlink, bringing accurate NFT item costing and secure, provably-fair rewards to its VR Ecosystem. January 7th 2021, Seoul, Korea – South Korean-based VR Content Ecosystem Dvision Network has announced an integration of its technology with market-leading blockchain oracle solution Chainlink.

2021-1-7 13:47