TriumphX Withdraws from Gaming Sector Due to Korean Government’s Enhanced Regulation of Gaming NFT

TriumphX, the developer of the cross-chain decentralized NFT platform, added specific reasons for the disbanding of the game development team after releasing its white paper 2.0. TriumphX said, “The game business has been slow due to the increased regulation by the Korean government on the speculative nature of game NFT. In March this year an NFT game was taken down from Google Play because the game management committee refused to provide an official rating classification. As a result TriumphX changed the direction of its business and launched ENFTEE and Sole-X platforms”. Previously TriumphX launched a white paper version 2.0 to strengthen the NFT business, containing the NFT professional technical team to replace the game development team.