The game industry is excited about NFT’s, but the gamer community is not amused.
Polygon Studio’s CEO Ryann Wyatt shared his candid insights on NFT’s and their future in the video game industry. Wyatt also talked about the backlash NFT’s face from the gamers and discussed the reasons behind it.
The media hub is designed to facilitate, support, and invest in web3 entertainment projects. Wyatt has a rich experience of 14 years in the game industry and closely followed the obsession with NFT’s, blockchain, and Gamefi.
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According to Wyatt, the people talking about crypto are more crypto natives and have less understanding of gaming. Despite this gap, crypto people are addressing the gaming audience which is causing problems.
He reiterated that a lot of blockchain games have put money before fun and entertainment which has made the game no less than boring.
He further added that the recipe for a no-nonsense and acceptable NFT lies in thriving first and third-party markets based on games that have token systems. The importance lies in the utility of NFTs in accordance with what gamers want.
Wyatt added, “By no means should it be stretching across the games industry. People should think about it as just serving a subsection of it.”
He carried on with the example and added that what if these CSGO skins also acted as NFTs? “There’s clearly appetite for liquidity.
Those marketplaces validate it,” Wyatt says. The games that benefit the most from NFT‘s are those “where the point system turns into tokens, the marketplace is free and thriving, and it does not impact in-game dynamics at all.”