South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).
Late last week, the Game Rating and Administration Committee (GRAC) – the South Korean body tasked with policing the country's gaming industry – denied a rating to Infinity Star, a game developed by domestic company NodeBrick. Games that do not receive a GRAC rating cannot be distributed in South Korea.
Per NSPNA, the GRAC stated that the problem was that items accrued by players could be bought, sold and traded on the Ethereum blockchain.
Although the GRAC admitted it was powerless to stop South Korean users playing blockchain games released by overseas developers, it would appear that the government has all but closed the door to blockchain gaming for the country's USD 5 billion-a-year gaming industry. The GRAC responded by stating, "This decision is not a total ban on games that use blockchain technology."