TriumphX Disbands Game Division Due to NFT Meandering Issues

강승환 기자 | 기사입력 2021/06/16 [11:56]

TriumphX Disbands Game Division Due to NFT Meandering Issues

강승환 기자 | 입력 : 2021/06/16 [11:56]


TriumphX, a developer of a cross-chain-based decentralized NFT platform, has additionally announced the dissolution of the game division with the announcement of White Paper 2.0.


TriumphX recently released the updated version of the white paper 2.0, which has strengthened its NFT platform business strategy as NFT experts have been reinforced. The NFT platform business planning, which started as a game item trade, decided to disband the game division, which was established at the time of foundation, while shifting the axis of the NFT content category to the art/sports/entertainment area.


The root cause of the dissolution of the game division is that the progress of the blockchain game business has been slow as government regulations have been strengthened due to the speculative problem of game NFTs.


Currently, it is not possible for NFT blockchain games to be serviced after formal classification in Korea. In March, a blockchain game that the Game Management Committee refused to categorize was also deleted from the Google Play Store due to concerns about the speculative nature of the NFT. Since the end of last year, Triumph X has changed the direction of the NFT platform business early through detection of anomalies in the blockchain game industry and has sequentially launched ENFTEE and Sole-X, NFT platforms with a decentralized cross-chain concept.


TriumphX recruited additional expert advisors in the fields of art, sports, and entertainment at this opportunity, and reinforced the technical team and marketing team optimized for the NFT platform. Through the diversification of NFT business excluding games, we established technical alliances with Klaytn/Orbit Chain/Chainlink/Polkadot, and secured independent content and technology while promoting content alliances for NFT publication with Daewon Media, K Contemporary Art Museum,Picto Studio, etc. this will add fast momentum in the NFT market.


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