Nfts
First PlayStation title with tradeable NFTs coming this year
This year, all eyes are on PlayStation and its growing connection to the blockchain and crypto space. In March, it was reported that its parent company had filed patents for “superfungible tokens,” which are blockchain-based assets. Once these reports were released, there was intense speculation about the company’s willingness to enter the blockchain gaming space.
It’s no secret that blockchain-based assets are becoming increasingly popular. Whether you want to trade NFTs in a game or bet crypto on an anonymous casino, there will be something for you. And as Kane Pepi explains, consumers are constantly looking for operators tested to meet their crypto gaming needs.
Today, there is even more evidence that PlayStation is entering the blockchain space as its first title with tradable NFTs is expected to launch this year.
Off-grid with blockchain
This new development comes courtesy of Gunzilla Games who announced that their upcoming title “Off The Grid” will be integrated into OpenSea, a major NFT marketplace. This integration will essentially mean that those who play the game will be able to trade NFT items on the marketplace.
OpenSea, for its part, will integrate Gunzilla’s GUNZ blockchain, which will see the two ecosystems interact seamlessly. NFTs have been used as in-game assets and even characters for years and although NFTs have seen their peak around 2022, they continue to see millions of dollars in transaction volume per month.
In a statement, Gunzilla Games said: “Players and OpenSea users will be able to exchange in-game NFT items for any game built on the GUNZ blockchain and use the GUN token as their exclusive payment method. »
The game is expected to release later this year and will be available on PlayStation and Xbox. If all goes well, this will be the first title on PlayStation will offer tradeable NFTs and is part of the company’s ongoing pursuit of blockchain-based efforts.
Why blockchain is all the rage
Anyone who has followed the trajectory of blockchain-based assets in the gaming space knows that it hasn’t been smooth sailing. Many players have opposed their favorite companies’ inclusion of blockchain and called it everything from a money grab to a scam.
But years later, it seems that blockchain continues to maintain its place in video gaming. This can largely be attributed to the fact that the crypto space and the number of anonymous casino sites that allow crypto deposits and withdrawals are simply bigger than ever. More and more people are investing in various digital assets and tokens like Bitcoin have reached new highs and can be bought more easily.
The financial viability of crypto simply means that brands like PlayStation will see more of its presence. Of course, the controversy surrounding the use of crypto won’t disappear overnight, but as more projects use these assets, there are more opportunities to provide value to players.
And while some players have embraced these assets and are happy to use them, others remain skeptical and unconvinced.