Urvit Goel, VP of global business development for gaming at Polygon, says that games that integrate non-fungible tokens (NFTs) have the edge over traditional games that don’t permit users to sell their in-game assets, as per Cointelegraph.

As expressed by Cointelegraph, Urvit Goel talked in Seoul about how Polygon (MATIC) is attempting to make NFT games proliferate and why game distributors from South Korea, for example, Neowiz and Nixon, are going into the space. Goel likewise mentioned that the traditional business model that NFTs are contrasting might be more vulnerable in similar ways. In traditional gaming, users can purchase in-game assets using real money, but those things won’t have any resale value to get back any dollars. Be that as it may, with a greater number of games in the gaming finance (GameFi) area, users can purchase things as non-fungible tokens (NFTs) and sell them when they are done playing with the game. Goel emphasized the need to start alluding to the traditional model as “money in, money out,” because gamers have the option to reclaim at least some of the dollar value they had placed in the game.

Data from Cointelegraph expressed that Goel saw clear signs of traditional game distributors preparing for enormous pushes in the GameFi sector, beginning with South Korea’s gaming organization Nexon, which carries the MapleStory title. As per gaming news source MMORPG, in June, Nexon declared that it would put a variant of its flagship title on the chain as MapleStory N. Polygon has likewise entered into an organization with South Korea’s Neowiz to put new and existing titles on the chain. Goel expressed that corporations of firms entering the blockchain space should have information regarding the space.

Also, Cointelegraph noticed that Goel’s ideas about gaming and blockchain have been influenced by ROK Capital’s Anthony Yoon, who let the publication know that GameFi and digital currency are intended for distributors. Part of Goel’s confidence in the future of NFT gaming and GameFi can be authorized for community conduct.

Credit: Financial Express