CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

NFT.NYC: Games and tokenization are driving NFT industry maturation

21.04.2023
A A
0
122
VIEWS
ShareShare

From tokenizing investment assets to game avatars, nonfungible tokens (NFTs) have an array of applications that go beyond digital art, with more projects coming online despite the market downturn in 2022.

At the NFT.NYC 2023 conference, Cointelegraph’s team learned first-hand from experts, projects, companies and the NFT community how the technology is shaping the digital world. Check out the highlights of the three-day event below:

NFT games show signs of maturing

After years of development, the first batch of NFT-based gaming projects are entering the market, paving the way for a world in which real life and games will be blended, companies and developers told Cointelegraph.

“Ten years from now, I could be wearing my VR glasses or still using my phone, or probably using some new system interacting with the metaverse — but I’m going to be able to port my avatar and my NFT items. […] As a user, I’m going to start collecting more digital goods as NFTs, more than even physical goods, like clothing or watches or cars,“ explained Origin Protocol co-founder Matthew Liu regarding skins being interoperable across platforms.

Alex Connolly, co-founder of Immutable, has noticed an increase in competition in the gaming sector as more projects and developers seek to address blockchain-based challenges, such as interoperability:

“We‘re seeing a few alphas. There’s been a few things that have been playable here at NFT.NYC. Building games is hard. It takes a while […] to make them good. But I think we’re starting to see some of the best Web3 games that have ever been built. […] I can own my stuff and trade inside the game. I think that’s really powerful.”

Linus Chung, vice president of product at Origin Protocol, believes that companies trying to bring NFTs into their business should focus on significantly improving one pain point in people’s lives that traditional methods do not solve: “The last bull market has definitely shown that people will go through all of the hoops of acquiring crypto, getting a MetaMask wallet because there is some carry at the end of that tunnel that’s way better than the traditional way of doing things.”

NFT.NYC 2023 attendees at the Immutable booth. Source: Cointelegraph

Real estate NFTs

One real-world application of NFTs is the tokenization of investment assets, and the real estate industry is one of its primary targets, event speakers said. Fintech company Ripple, for example, is working with other businesses developing real estate marketplaces and tokenized NFTs, Emi Yoshikawa, Ripple’s vice president of strategy and operations, told Cointelegraph.

“Real estate is one of the big focuses of the market that we are very excited about. Obviously, it’s a massive market, but it’s very illiquid and also very inefficient. […] We are partnering with some companies who are building a marketplace to provide tokenized NFTs for real estate,“ she noted, before adding that Japan is one helping lead the tokenization market in Asia.

At https://t.co/4d3FZVkwKM this year, the focus was really about real world utility. I gave a key note presentation on “The Future of NFT Capabilities” to introduce #XLS20 on #XRPL as an institutional grade ledger that is ideal for real world asset tokenization. It’s only the… pic.twitter.com/GApF1sE5BS

— Emi Yoshikawa (@emy_wng) April 14, 2023

A decentralized economy powered by NFTs

Speaking at NFT.NYC, Solon Labs CEO Maxwell Lyman noted that while many projects, blockchains and coins are decentralized, their infrastructure relies on centralized ecosystems, exposing them to security and censorship risks.

“All of these protocols, they’re decentralized on the back end. There are smart contracts live on the Ethereum blockchain or whatever respective blockchain they’re hosted on. But if you look at their front end, they are hosted on centralized servers, an AWS server, or something equivalent,“ explained Lyman, adding: “We are a football field away from getting to a point where the space is actually decentralized.”

NFTs may play a crucial role in achieving real decentralization, according to Lyman. “There’s something that I call global personal capitalism that’s going to be enabled by the proliferation of nonfungible tokens. It’s the capability of anyone in the world to be able to control and monetize their personal information, their activities or their creations.”

From left to right: Gabe, Maxwell Lyman, KidEthereum and Dave Uhryniak speaking at the NFT.NYC. Source: Cointelegraph

Uncertainty about NFT regulation

During the event’s panels, legal experts pointed out that NFTs are facing the same regulatory uncertainty as the broader crypto industry, particularly in the United States, with a major question in the space being whether NFTs can be considered securities.

Katrina Paglia, chief compliance officer of Pantera Capital, said the venture firm is relying on recent enforcement actions from the Securities and Exchange Commission to gauge regulators’ views on digital assets:

“We do a lot of scrolling of the SEC enforcement actions that have come out recently because with each one of these things, […] you glean a little bit more information about how they are thinking about applying for the Howey test. Until we actually get the clarity that the industry desperately needs and wants, we’re kind of relying on that for now.”

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Universities are ‘critical players’ for the future of Web3 — LBank Labs exec

Universities are ‘critical players’ for the future of Web3 — LBank Labs exec

2 years ago
First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

2 years ago
Coinbase International launches perpetual futures trading for retail customers

Coinbase International launches perpetual futures trading for retail customers

2 years ago
Golden Chart Bitcoin: Understanding Key Patterns and Predictions for BTC

Golden Chart Bitcoin: Understanding Key Patterns and Predictions for BTC

9 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

Trending

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K
All news

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
0

Crypto market is flashing mixed signals today as investors digest the Federal Reserve’s decision to keep interest...

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

31.07.2025
Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz