Date : Thursday, November 2nd - 15.30 - 16.00 >

Description: Non-Fungible Tokens (NFTs) have made significant strides in the gaming industry. They have been used to grant ownership of in-game assets, allowing gamers to trade and transfer their virtual items across various platforms. NFTs have fueled the rise of "play-to-earn" mechanics, incentivizing players to invest more time and effort in games to earn NFTs and cryptocurrencies. Virtual real estate has also become a reality, with players acquiring and trading virtual properties. NFTs have opened up new avenues for limited edition collectibles and brands collaborations. Developers have utilized NFTs for funding through crowdsales. Finally, NFTs have been touted as a solution to prove digital ownership and combat piracy. Despite these innovative applications, the gaming industry has largely missed the point in harnessing NFTs for their true potential. Many approaches seem focused on extracting money from NFT owners. Quick profits have overshadowed the essence of NFTs. As a result, most NFTs actors we have fueled user backlash and summed up with Crypto winter we now also face significant investor apprehension. This session aims to present an alternative approach, one that redefines NFTs beyond mere financial gains. By imbuing NFTs with a sense of social responsibility, we can regain public trust and reshape the perception of NFTs. For NFTs to thrive sustainably, it is essential to align their purpose with the greater good, fostering appreciation and acceptance in the eyes of everyone. Only then can NFTs realize their full potential and become a transformative force in the digital landscape. Let us collectively explore this path and discover how NFTs can truly make a positive impact on society. Intended audience: This session is aimed at video game developers, publishers, and investors interested in exploring innovative strategies to revitalize the NFT ecosystem. Key takeaways: Attendees will gain insights into a different approach to NFTs, exploring their potential beyond conventional use cases.