Konami enters the NFT market

To celebrate its 35th anniversary, the Japanese video game company Konami released a collection of NFTs based on Castlevania. “Konami Memorial NFT” includes 14 unique artworks from the series. Newly drawn gameplay cutscenes, background music, and visuals from throughout the game’s story,” says the website of the company.

Those who buy these NFTs will be able to see their name reflected on the site, but only between mid-February and 31 December 2022. The Konami auction will take place on January 12, at the OpenSea market. The time of the sale will vary depending on the users’ region.

According to the video game giant, each token does not fungible will have a single copy. However, it is possible that a future Konami will resell similar NFTs linked to Castlevania. In addition to songs and video sequences, it is possible to purchase an original work of art in the style of pixel art, whose design is based on the map of Dracula’s Castle.

“Konami Memorial NFT is a new initiative to share content that has been loved by gamers around the world for many years. As the company’s first project in this area and with NFT and blockchain technology in their infancy, Konami will continue to explore new developments and listen to player feedback after this initial collection.”

Fans of the saga criticize Konami for the decision

Since its inception, the NFT market has been marked by controversy. First of all, because of its impact on the environment. This type of token uses as much energy in 10 seconds as a house would use in a whole year. Also, selling an edition of 100 works leaves more than ten tons of CO2.

On the other hand, also non-fungible tokens can be used in scams. Criminals often offer potential phishing attacks or plagiarize the works of other artists. Due to mistrust, Castlevania fans criticized Konami on social media for dipping into the NFT market.

Most insist the auction is a disrespectful and disingenuous celebration of the vampire-slaying franchise. Similarly, fans say that the video game company misses an opportunity to develop new titles in the saga. Despite the criticism, it seems that more NFT collections of the Konami sagas will arrive in the future.

The video game industry and NFTs

Large companies see an opportunity in NFTs to generate profits beyond the gameplay. France’s Ubisoft recently caused a stir after launching Ubisoft Quartz. This platform will allow players to acquire NFTs (called Digits) for the first time in the game Tom Clancy’s Ghost Recon Breakpoint.

Each Digit is accompanied by a certificate of ownership stored in the blockchain. Thanks to this decentralized and independent technology from Ubisoft, players will be able to put items up for sale, with guarantees that the NFT maintains its exclusivity.

However, the project has not been as successful as expected, as Ubisoft has only sold 15 NFT from launch. On the other hand, the Japanese Square Enix plans to integrate this decentralized technology in 2022, which also sparked criticism among its followers.

Despite the displeasure of the fans, the company’s shares on the stock market soared after the NFT announcement . The value of Square Enix grew by 8%, an increase not seen since August 2021, thus showing the interest of investors in this new type of business.

Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here