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NFT in games bigger than Hollywood in the United States

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The Polygon co-founder views non-fungible tokens (NFTs) and games as the way people are drawn to blockchain. Indian company Ethereum layer 2 recently said it is leaning more into blockchain and NFT based games in launch a project called Polygon Studios.

Sandeep Nailwal, also Polygon’s COO, told CoinDesk TV’s “First Mover” that “very few people understand that even in the United States, [gaming] is bigger than Hollywood, [the National Basketball Association] and several other industries combined. Play-to-own and various other models that are coming will disrupt the business models of the gaming industry. ”

He added, “We all believe NFT is the gateway to bringing the masses into the blockchain.”

Related: Tom Brady’s NFT Platform Autograph Partners with Lionsgate and DraftKings

NFTs in games are one of the hottest blockchain trends of the summer. In Nailwal’s opinion, the dynamism around the game is due to games to play such as Infinite Axis.

This is all happening at an interesting time for Polygon, one of the biggest crypto projects to come out of India. The government of Pres. Nerendra Modi has made it clear that he is wary of digital assets. However, Nailwal said he has yet to come across a single project facing government interference in India.

“They only interfere where there is crypto buying and selling at retail,” Nailwal said. Nevertheless, the company has taken steps to “decentralize” where it operates. “No one can predict the future, which is why Polygon was one of the first projects to decentralize its location. Today, most of our workforce is in the United States, Europe and parts of. Southeast Asia.

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