Monday, December 23, 2024
HomeNFTKonami confirms to use NFTs as method of preservation

Konami confirms to use NFTs as method of preservation

Konami, the Japanese company famous for games such as Castlevania, has clarified its stance on the use of NTFs. In its most recent financial results conference, the company officials indicated that it would continue to use NFTs as a method of preservation.

Last year, the company held a special NFT auction for the Castlevania franchise’s 35th anniversary, raising more than $160,000 in sales. The NFTs included digital art and videos portraying gameplay from several of the series’ titles. With this remark, Konami teased the publication of similar collections for other games under its control, including Contra, Metal Gear Solid, and Silent Hill, among others.

The term “preservation” in the context of video games refers to the digital storage of assets and code from games, with the goal of these withstanding the passage of time. This has the goal of preserving games and materials for future generations to enjoy. While the usage of NFTs for this purpose has garnered little attention in the gaming media, the use of NFTs as game assets has.

Other firms, such as Sega, have dabbled in the NFT industry but are considering discontinuing these operations if players regard them as a cash grab, as stated by the company in one of its recent management meetings.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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