The Trendy Phenomenon Of NFT’s And The Severe Backlash From Gamers!

The game industry is excited about NFT’s, but the gamer community is not amused.

Polygon’s Ryan Wyatt went candid on?NFT’s and its?future?in?video gaming. Let’s check out his thoughts.

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.

Ryann Wyatt was formerly working with?YouTube?and?Polygon Studios?roped him in to lead its “media?hub”.

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.

He also noticed how talented and skillful?developers?left the?gaming?giants like Riot?Games?and?Activision?Blizzard?to “pursue this ambition of being an entrepreneur and build?blockchain games.”

Video: NFT’s In Gaming… Are We Doomed?

While in an interview, Wyatt shared his thoughts on the recent trendy phenomenon of the NFT in the?video?game industry?and why it is still facing severe backlash from?gamers.

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.

Moreover, the backlash owing to the environmental impact of?NFTs,?scams, and?money?grab tactics is also rife among gamers. When asked about the backlash, Wyatt regarded the?criticism?as justifiable.

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.”

In the interview, Wyatt also stressed the dynamics of the Counter-Strike Global Offensive game and how its billion-dollar worth of market thrived on skins and cosmetics.

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.”

TAGS:?ACTIVISION BLIZZARD,?BLOCKCHAIN,?BLOCKCHAIN GAMES,?CRYPTO,?FUTURE,?GAME INDUSTRY,?GAMEFI,?GAMES INDUSTRY,?NFT'S,?POLYGON STUDIOS,?RIOT GAMES,?TOKEN,?WEB3,?YOUTUBE