NFT market is in the future of gaming industry

Polyient Games’ Craig Russo believes that the NFT market has come to represent one of the “most attractive opportunities” across digital assets.

Polyient Games’ Craig Russo accepts that the NFT showcase has come to speak to one of the “most alluring chances” across computerized resources.

Digital currency will become an integral part of the gaming industry — this is the opinion of Craig Russo from Polyient Games. He believes that NFT (Non-Fungible Tokens) market has become one of the “most attractive opportunities” for digital assets.

Today, digital currencies have entered the world of gaming deeply and are firmly rooted in it. With game tokens you can buy tickets to competitions, pay for new versions of the game, buy products and features for in-game сharacters. According to Russo, the popularity of cryptos in the gaming industry will only grow stronger, because more and more players are beginning to use digital tokens instead of fiat money.

Russo himself notes that the collectible game CryptoKitties, launched in 2017 on Ethereum blockchain, started the era of gaming tokens. After this event, the NFT market has become one of the “most attractive opportunities” among all digital assets, with direct use already found in the art industry, collecting and even the gaming industry.

“One reason gamers are gravitating towards blockchain is that — unlike traditional games — blockchain environments permit players to gain true ownership of their in-game items. This means blockchain games, driven by non-fungible tokens (NFTs) and digital collectibles, are unlocking an entirely new economic system that enables gamers to earn real money while they play. Fueled by these applications, the collectibles market has reached $370 billion.”

Russo also notes that NFT tokens are emerging in the decentralized finance (DeFi) environment as well. The biggest obstacle to the promotion of NFTs is the lack of understanding of their essence and functions. As Russo explains, many people, and even professional gamers, do not always understand the benefits that NFT provides. However, the expert predicts that the NFT market will only grow as the coronavirus pandemic has changed the way people live around the world. According to Russo, a new passion for gambling has also triggered a surge in gaming activity. As people continue to maintain a social distance, this trend will continue.

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Andrey Costello

Andrey Costello

Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.