NFTG (NFT Gaming) has planned to develop a digital gaming platform called Gaxos to create a new environment for players, devs, and publishers.
NFTG just filed for an IPO, stating that using and minting non-fungible tokens while inside a game gives players tamper-proof and distinguishable benefits, empowering them with valuable assets and abilities to have a better gaming experience.
Besides creating in-game NFTs, the company argued that even games can be NFTs, allowing gamers to actually own games. In the age of Google Play, you can only rent a movie, instead of buying it. Such platforms can ban users and also prevent them from transferring or renting the movies themselves.
A virtual asset can mimic physical goods almost completely and they can be loaned or sold with ease. At first, implementing such an initiative requires some degree of semi-centralization, however with a public blockchain processing token ownership, it would allow content to be distributed better and easier than on platforms such as Steam.
NFTG’s strategy includes using Polygon, the Ethereum contender. So far, the company’s initative doesn’t produce any revenue as it is not yet implemented. However, the concept of rivalling big names like Google Play and Steam and allow users to benefit from true ownership is interesting.
