NFTs emerging as blue ocean for game companies
gettyimagesbankGame stocks soar, but uncertainties and risks also prevailBy Kim Bo-eunNon-fungible token (NFT)-related stocks are all the rage, with game developer stocks spiking in recent weeks after they unveiled plans to launch relevant businesses.Korea's major game companies such as Pearl Abyss, Kakao Games and Wemade now are in the top ranks on the secondary KOSDAQ bourse in market capitalization. Even amid the upward trajectory of the stocks, analysts are making further upward revisions to game stock target prices.NFTs are cryptographic assets recorded via blockchain technology with unique identification codes that are non-interchangeable. Companies are increasingly turning their eyes to NFT-related businesses as new sources of revenue. These are mainly firms in the entertainment sector, particularly games.Local game developers faced growth limitations with their conventional pay-to-win model that makes users spend more to make more progress in games. The idea of incorporating NFTs into games is now an appealing new model, and many major companies are preparing to adopt this.NF
