Blizzard Entertainment says no to the NFT market

TL;DR Breakdown

• Blizzard’s president talks about the firm’s integration into the NFT market
• Users find the president’s views on NFTs irrelevant.

Ybarra Mike, the president of Blizzard Entertainment, recently announced that the company is not getting involved in the NFT market.

This news attracted the attention of the gaming community and NFT enthusiasts. Ybarra has come out to dismiss news of Blizzard entertainment getting into the market, clarifying that Blizzard would not be willing to enter the NFT market anytime soon.

Game company not impressed with NFTs

For a few hours, Blizzard has been trending due to the possibility of entry into the NFT market. Remember that NFTs are a new technology that gives value to art pieces, music, and games. Many people and companies have dedicated their capital to non-fungible tokens.

GameRant was one of the first agencies to announce that Blizzard was carrying out a supposed survey to see the interest of its clients in NFTs. The information agency indicates that the entire blizzard manager could accept the NFT trade, but it was only tabloid news. About 24 hours after making the fake news public, Ybarra made a harsh comment where he denied getting involved in the NFTs market.

Customers at Blizzard baffled

After Ybarra commented on his lack of interest in NFTs at Blizzard, the company’s users were taken aback. Many Blizzard users said it seems illogical to survey NFTs and then refuse to use them. But customers believe this decision will cause development problems in the company, knowing that competitors would be adapting to the new technology based on cryptocurrencies.

Ybarra gave no details about the adoption research towards NFTs, and, likely, those statistics will never be revealed. Some analysis agencies indicate that at least 2 out of 10 people in the world would use NFTs and cryptocurrencies after seeing the potential of the decentralized market.

Since 2020, non-fungible tokens have gained priority. This is because the pieces are easy to create and give value to different virtual auctions. Many leading technology companies have used NFTs, created them, and launched their auctions to earn extra money from the growing market. Ybarra may be considering his stance towards NFTs and the crypto market after seeing the criticism that users have thrown at his decision.