Take-Two CEO Strauss Zelnick is a “big believer” in NFTs, but says that just because something is an NFT, doesn’t mean it instantly has value.
During an interview with GamesIndustry, Zelnick revealed his stance on NFTs.
“If you believe in collectible physical goods, I don’t know why you wouldn’t believe in collectible digital goods,” he said. “And blockchain authorization, which is what an NFT really is, is one way—not the only way—to authenticate the fact something is singular, is rare.”
NFTs have been a source of much controversy – especially as many struggle to get to grips with why a digital token can be perceived as holding quite so much value. But Zelnick hints that this is one of the problems – just because something is an NFT doesn’t mean it’s worth anything.
“I’m a big believer,” he added. “But what I don’t believe is that just because something is digital or an NFT that it suddenly has value and/or has value that will be increased in the future. And I think that’s the problem.”
“NFTs, because they’re related to the blockchain as currently contemplated and because some have gone for a lot of money, are seen by some as just another opportunity to invest in a speculation that some think will only go up. And speculations don’t just go up; they come down too.”
