Crash and Reshape: Drawing Lessons from the History of the Gaming Industry to Look Ahead at the Future of NFTs

Crash and Reshape: Learning from Gaming Industry History to Look at NFTs' Future

SevenUp DAO author Tastingo.eth, Talin, discusses how the electronic gaming industry regained its confidence and reclaimed market share after a collapse 40 years ago. This leads to a discussion of the characteristics and differentiated competition of NFT new platforms.

1) Platform companies take back publishing rights and conduct audits before launching: Nintendo and Sega take back game publishing rights and conduct audits to ensure game quality and enhance consumer confidence. 2) Established companies develop high-quality projects to boost market confidence: Nintendo and Sega’s own studios develop a series of excellent games, regaining market trust. 3) New technology, new experience, new players: Activision and EA have chosen new tracks and technology development standards, such as the personal computer market, driving the development of the gaming industry and attracting new players. 4) The rise of rating media: With the development of gaming magazines and the internet, rating media such as IGN and Gamespot have emerged, providing professional evaluations of gaming products, eliminating information asymmetry, and helping consumers make wise choices.

1) NFT platform companies should take responsibility for industry standardization: If the old forces continue to condone garbage content production and cannot select high-quality content for support, new forces will inevitably take their place. 2) NFT new platforms will have both production and research capabilities: Driven by high-quality first-party projects, banning competitors’ contracts, gradually eroding their market share. 3) NFT new platforms will use new technologies such as AI/AR/VR for innovation: New media and experiences will bring new players and create new market opportunities to expand the battlefield to new territories and seize incremental territory. 4) NFT new platforms will promote professional project due diligence and KOL word-of-mouth rating: In the project due diligence process, key tasks such as real-name registration, background checks, art asset previews, and contract audits need to be carefully carried out.

Reference: https://mp.weixin.qq.com/s/258vH3itRJTCX80ML-z-sg

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Binance Welcomes BLUR Token with Open Arms and a Seed Tag

Fashionista, you'll be excited to hear that Binance has recently declared their support for BLUR token! This means th...

Market

Nine New Spot Bitcoin ETFs Accumulate $4 Billion in BTC

Nine new Bitcoin ETFs have successfully acquired a total of over 100,000 BTC, with a combined value of $4 billion in ...

Bitcoin

The Bitcoin ETF Boom: Spot ETFs Amass Inflows, King Coin Hits $50K

The demand for spot Bitcoin ETFs saw a significant increase of nearly $500 million yesterday, as the price of Bitcoin...

Market

Argentina has suspended tax concessions for cryptocurrencies in a comprehensive reform bill.

The reform bill in Argentina no longer includes the provision for individuals to disclose their undeclared cryptocurr...

Market

Justin Sun's HTX Crypto Exchange witnesses $258M outflow post-hack The Shockwaves of a High-Stakes Breach

The popular fashion exchange, HTX (formerly known as Huobi), has experienced a huge loss of $258 million in funds sin...

Blockchain

Blockchain Disruptor Mistral AI Gears up to Secure Whopping $2B Funding from a16z and Other Giants

Mistral AI, a rival of OpenAI, is on the verge of securing €450 million ($487 million) in funding.