GAMES GATHERING 2021 KYIV

NFT: from hype to hate!

Talk recording: NFT: from hype to hate!

Andrii Tytov

Hall:
Business Track

What the talk is about

Andrii Tytov, speaking in place of the talk's original author, covers NFTs in games. He explains that an NFT is a blockchain record proving digital ownership, but without proper legal paperwork it gives no copyright over the underlying asset. He compares Ethereum with cheaper options such as Immutable X and WAX in terms of gas fees. He walks through the play-to-earn model: Axie Infinity depends on a constant flow of new players, which makes its economy fragile, while NBA Top Shot engages a wider fan community. Another idea is an inverted development pipeline: you first sell valuable assets to build an audience and funding, then make the game, as Guild of Guardians does. He places the NFT market near the hype peak, held back by complex onboarding and scams. Useful for producers and developers weighing NFTs for monetization or funding.