Opinion: Games integrating NFT have natural advantages over traditional games

[Opinion: NFT-integrated games have natural advantages over traditional games] According to news on August 15, Urvit Goel, vice president of global business development at Polygon Games, believes that compared with traditional games that do not allow users to sell in-game items, games that integrate NFT Has a natural advantage.

In traditional games, users typically buy in-game items with real money, but they cannot sell those items for any dollar value back. However, on most games in the GameFi space, users are able to buy items in the form of NFTs and sell them after playing the game. Goel refers to the traditional model as "spend money, don't make money" and emphasizes that players should be able to recover at least some of the value of the money they put into the game. (Cointelegraph)

Other news:

Viewpoint: Since the crash of UST, USDT has passed the market stress test and proved its redemption ability: July 26 news, in May, the Terra algorithm stablecoin UST crashed, triggering panic selling of other US dollar-linked cryptocurrencies. On some exchanges, the price of Tether (USDT) fell as low as $0.92 at one point, with an average price of around $0.99 in June. USDT, the largest stablecoin by market capitalization since the second week of May, restored its peg to the U.S. dollar on July 20 and has remained stable since then.

The USDT market capitalization dropped $16 billion to $65 billion in two months, indicating a large number of holders redeemed. Tether Ltd has long been criticized for a lack of transparency about the nature of the assets backing its stablecoin. In other words, USDT has passed the stress test of the market, withstood the pressure of redemption under turbulent conditions, and finally restored the anchor.

Clara Medalie, director of research at Kaiko, said, “The past two months have undoubtedly been a stress test for stablecoins following the UST crash and USDT’s sharp market capitalization contraction. The composition remains questionable." (CoinDesk) [2022/7/26 2:38:40]

Viewpoint: The scale of the metaverse will be very large: On November 16, Orlando Bravo, co-founder of private equity firm Thoma Bravo, said in an interview with CNBC: The metaverse is an investable field, and its scale will grow to be very large. He sees the metaverse as the next frontier, much like the social network did back then. Additionally, Bravo is also bullish on cryptocurrencies, holding an undisclosed amount of Bitcoin. He once said: Encryption is a great system. It is frictionless and decentralized. Young people want to own their own financial system so it doesn't go away. It is reported that Thoma Bravo manages more than $83 billion in assets and has more than 40 software companies in its investment portfolio, including McAfee, Barracuda and Dynatrace. (CNBC) [2021/11/16 6:54:28]

Viewpoint of BMEX market: You can continue to look for small low-point bands before the emergence of a large-scale top structure to do more: BMEX Contract Research Institute Pony Yang said: Bitcoin set a new high on Saturday, the highest level has exceeded 61800, and the current top signs are still daily Line level passivation, other cycles have been broken by this rise, and may continue to appear in the future. In the current market, shorting should try to use the right side as much as possible, and the structure is formed as an operation signal. The left side of the shorting transaction needs to cooperate with very strict risk control , and certain asset withdrawal expectations. For now, it is still recommended that conservative investors wait and see. Radicals can continue to look for small low-point bands before the top of the larger level to do more. The risk of the market will not be lifted until the passivation of the daily level disappears. Now It is no longer the stage to boldly go long and pursue profits, and you need to be very careful when doing long. [2021/3/15 18:45:03]