Take-positive Two’s outlook on NFTs comes with limitations and caution regarding the speculative nature of the crypto market.
As the publisher of the Grand Theft Auto video game series, Take-Two, is keeping a close eye on NFTs’ potential benefits.
Take-Two CEO Strauss Zelnick reportedly said, via Nintendo Life, “We’re extremely certain there’s an opportunity for NFTs to fit with Take-products Two’s in the future.”
However, Zelnick did provide several caveats to his statements about NFTs.
“We are firm believers in the value of rare and collector items. We are concerned about the amount of speculation going on at the moment “he stated. “We don’t want to lose money on speculation because we want our customers to have a nice experience with our properties every time they interact with them,” the company said.
According to Zelnick, a bigger dispute has put the gaming industry and virtual goods (VNG) industries in direct conflict.
Gaming and NFTs
NFT has already been adopted by a number of gaming companies.
Ubisoft was the first large gaming business to introduce in-game NFTs in December of last year. Ubisoft’s decision to implement NFTs sparked a massive response from gamers who didn’t favour it, thus the company reaffirmed its position.
“The goal of this experiment is to see how our gamers respond to the decentralisation value proposition. Despite the fact that this is a huge shift that will take some time, we will remain committed to our three core values “Didier Genevois, Ubisoft’s Blockchain Technical Director, told Decrypt.
It’s important to use technology responsibly and to create a secure environment, as well as to use only blockchains that use low energy proof-of-stake, and to focus on “real value propositions” for players.
Square Enix, the firm behind the Final Fantasy series, is likewise optimistic about gaming and NFTs.
Square Enix President Yosuke Matsuda stated that the company should concentrate on blockchain games in the future in a year-end letter for 2021. In November 2021, the business initially announced that it intended to investigate NFTs.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.