NFT Games Beat Traditional Games!

The gaming industry has been in our lives for an average of 50 years, including this year. From the beginning, the industry has been in constant flux. In the 1980s, the famous gaming industry experienced a major slump. However, the industry has always managed to recover and reach new heights. And now, thanks to NFT games, the industry is making an unexpected comeback. As NFT games grow in popularity, the gaming industry is experiencing a boom of its own.

According to Urvit Goel, Polygon's vice president of global business development, games that integrate NFTs have an advantage over traditional games. The traditional gaming model requires players to spend their money in order to improve the game or even fully enjoy it. In addition, players had to keep throwing money into the machines to keep playing the games continuously. If a game integrates NFTs, it gives players the opportunity to buy and sell in-game assets. This means that users can earn money by playing the game. This model has already proven to be successful. Blockchain-based games such as CryptoKitties, Decentraland and Axie Infinity have already generated millions of dollars in revenue. In recent years, the gaming industry has been on the rise. Currently, the industry is worth more than $195 billion worldwide. This is more than the movie and music industries combined. There are also many reasons for this sudden growth. The most important reason is that gaming is becoming more mainstream. And with the rise of mobile gaming and live streaming platforms such as Twitch, more people than ever before are familiar with games. Recent years have witnessed the incredible rise of in-game purchases. While this business model is successful for some developers, it is controversial. Players are increasingly losing out by having to pay for DLC and microtransactions. And to combat this, publishers are switching to the NFT game business model.

The Inevitable Shift to NFT Games!

Buying, selling and trading game assets will give users more control over their in-game experience. It also gives them the chance to monetize their gameplay. Game publishers are slowly starting to take advantage of this. Nexon, owner of the popular MapleStory game, recently announced that it will release a Blockchain version of its flagship game this year. Moreover, Polygon will also enter the NFT gaming market. The company announced a partnership with Neowiz to bring existing and develop new titles on Blockchain. The executives at Polygon are very confident in the technology and they will utilize it effectively. And Nexon and Polygon won't be the last companies to do so. As the NFT gaming business model proves itself, more traditional game publishers will begin to use NFT. Companies are taking these initiatives because they see the potential for success. The NFT game business model has proven to be more profitable than the traditional model. It also gives players more control over their in-game experience. Players can create their own in-game economy by buying, selling and trading game assets. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!