NFT games have an advantage over ‘money in, no money out’ games

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Last Updated on August 15, 2022 by Bitfinsider

Urvit Goel, Polygon’s vice president of global business development for gaming, believes that games that use nonfungible tokens (NFTs) have a natural advantage over traditional games that do not allow users to sell their in-game items.

One of the main points Goel made was that the traditional business model against which NFT games compete may be inherently weaker. Users in traditional gaming typically purchase in-game items with real money, but they cannot sell those items for any US dollar value.

Most games in the gaming finance (GameFi) space, on the other hand, allow users to buy items as nonfungible tokens and sell them once they’ve finished playing the game. Goel described the traditional model as “money in, no money out,” emphasizing that players should be able to recoup at least some of the money they put into a game.

Goel said he saw clear signs that traditional game publishers are preparing big pushes into GameFi, beginning with South Korea’s gaming behemoth Nexon, which owns the MapleStory franchise. According to mmorpg, a gaming news media outlet, it announced in June that it would release a version of its flagship title as MapleStory N on-chain.

Polygon has also partnered with Neowiz of South Korea to put new and existing titles on-chain.

He observed that the entry of such large corporations is causing “a little bit of a domino effect” in the industry in order to “show that they’re still innovative.” Goel hinted that the CEOs of the major companies entering the blockchain space must have a high level of confidence in the technology or they will not dress up their top-tier titles for GameFi.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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