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Blockchain Studio representative complains that “not all players are crypto traders”

September 6, 2020

With the advent of non-fungible tokens (NFTs), gamers and crypto enthusiasts are unitingBut players may not even know they are using crypto until they understand the decentralization of NFTs, one expert said.

During an interview with Cointelegraph, Mac Ocampo, growth director at entertainment studio Blockchain Virtually Human Studio (VHS), said that NFTs and gaming rigs complement each other well as there are “good NFT products” like Sorare and Dapper Labs’ NBA Top Shot, which introduces the most popular users to the world of NFTs. “

Ocampo condensed the concept that the NFT industry should and is “Crypto entertainment” where both segments, Crypto traders and players can play -for example- a horse racing game that also earns crypto. That is why he sees the industry facing a challenge:

“The high cost of owning and maintaining a racehorse in the real world creates a clear gap between your profit-hungry customers and the privilege of ownership.”

Blockchain Studio representative complains that “not all players are crypto traders”Blockchain Studio representative complains that “not all players are crypto traders”

“Not all gamers are crypto traders and not all crypto traders are gamers” is one of the biggest hurdles the NFT gaming industry faces.Said Ocampo. However, he does tell a personal story that he considers appropriate to highlight the benefits of NFTs:

“I recently met my classmates during their quarantine. One of my friends, Jimmy, had a $ 12,000 Michael Jordan card that he bought a few years ago. However, when he had time to organize his collection, the inevitable happened: Termites searched his collection of trading cards. “

And that’s where the value of NFTs comes in, added Ocampo, making that clear yes the valuable piece from Michael Jordan memories was converted to an NFT, “then there would be a high probability that it could retain its value”.

Ocampo also talked about how The COVID-19 pandemic is somehow helping to drive the adoption of NFT in the last months:

“”NFTs have always been associated with gaming platforms and most of the people played during that time. While it’s pretty insensitive to say that it contributed to the growth and sales of NFT platforms and blockchain games, we have to admit that more users are now familiar with how in-game purchases work and the value that NFTs provide to the Bring leeway, be familiar. “.

Ocampo explained that critical role the NEAR protocol can play in the NFT industryUsing the example of a recent VHS project called ZEST Play Platform, which is based on NEAR:

“There are now several blockchain protocols that say they have higher TPS and lower transaction costs. However, we are confident that the NEAR protocol will solve the hurdles that allow us to provide a great user experience for our customers. There ZEST first is NFT’s mainnet product on the NEAR blockchain. We want to be a great case study for the next wave of NFT platforms and games in NEAR. “

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