NFTs
First PlayStation title with tradable 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. As soon as these reports were released, there was intense speculation about the company’s desire to enter the blockchain gaming space.
It’s no secret that blockchain-based assets are becoming more popular. Whether you want to trade NFTs in a game or gamble cryptocurrencies in an anonymous casino, there will be something for you. And, as Kane Pepi explains, consumers are incessantly looking for tested operators to meet your crypto gambling needs.
Now there’s 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 have announced that their upcoming title ‘Off The Grid’ will have integration with OpenSea, a major NFT marketplace. This integration will essentially mean that those who play the game can trade NFT items on the market.
OpenSea, in turn, will integrate Gunzilla’s GUNZ blockchain, which will make both ecosystems interact seamlessly. NFTs have been used as gaming assets and even characters for years, and although NFTs peaked around 2022, they continue to generate millions of dollars in trading volume per month.
In a statement, Gunzilla Games said: ““OpenSea players and users will be able to trade NFT in-game items for any game built on the GUNZ blockchain and utilize the GUN token as their exclusive payment method.”
The game is expected to be released later this year and will be available for PlayStation and Xbox. If all goes well, it will be the first title of PlayStation will introduce tradable NFTs and fits into the company’s current pursuit of blockchain-based ventures.
Why Blockchain is in Fashion
Anyone who has followed the trajectory of blockchain-based assets in the gaming space will know that it has not been easy. Many gamers resisted the inclusion of blockchain by their favorite companies and called it everything from a money grab to a scam.
But years later, it appears that blockchain continues to have a place in gaming. Much of this can be attributed to the fact that the cryptographic space and the number of anonymous casino Sites that allow crypto deposits and withdrawals are simply bigger than ever. More people are investing in various digital assets and tokens like Bitcoin have reached new price highs and could be purchased 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 cryptocurrencies will not disappear overnight, but as more projects utilize these assets, there are more opportunities to offer value to players.
And while some players have accepted these assets and are happy to use them, others remain skeptical and unconvinced.