The recent NFTNYC 2023 conference highlighted the need to safeguard NFTs from falling in price. My Neighbor Alice CEO, Lenny Pettersson, spoke at the event, sharing insights on the shifts in NFTs for games and metaverse. He emphasized the importance of protecting NFTs and maintaining a healthy relationship between developers and players.
Lenny also moderated a panel discussion on “NFTs: Placing More Power in Players’ Hands”, stressing the potential of significant IP that offers interoperability through NFTs. However, there is no guaranteed way to protect an NFT from falling in price, as it depends on various factors such as market sentiment and broader economic trends.
To mitigate the risk of NFTs losing value, Lenny advised NFT collectors to conduct thorough research and due diligence before buying an NFT. This includes looking at the rarity and uniqueness of the NFT and the historical sales data for similar NFTs. He also recommended diversifying NFT holdings by investing in various assets with different creators and themes to spread risk.
My Neighbor Alice is a social online multiplayer builder game built on the Chromia blockchain platform, promoting an end-to-end blockchain game ecosystem that allows for easy transactions within the NFT and gaming community. The project is based on a staking and renting system that will debut next year, allowing users to rent their NFTs for significant earnings potential, making it stand out from other play-to-earn games.
NFTNYC 2023 emphasized the importance of safeguarding NFTs by conducting thorough research and due diligence before investing. It also highlighted the role of blockchain games in the mainstream gaming industry and the need to maintain a healthy relationship between developers and players.
My Neighbor Alice is an example of a project that seeks to promote a vibrant community for diverse players, emphasizing the potential of NFTs in the gaming industry.