Decentraland

The Sandbox

Million

April

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>At the time of writing, the NFT sector registered nearly $50 Million in sales.</a> </li> 
 <li> <span>2</span> <a>The environmental impact of blockchain games is another reason why gamers oppose NFT.</a> </li> 
</ul> 
<p>Gaming is fun and earning from it is a fantasy fulfilled. Non-fungible token (NFT) is an element to attain the latter aspect. Nevertheless, there’s no guarantee the fun will remain. Add finance to a notion and people go bananas about it. That is what happened during the NFT boom between August 2021 and April 2022. Now, the sector’s busted.</p> 
<h2 class="wp-block-heading" id="strong-nft-market-boom-is-over-it-appears-strong"><strong>NFT Market Boom is Over It Appears</strong></h2> 
<p>The NFT sector registered nearly $395 Million in monthly sales at the time of writing. That is not even close to the volume some blue-chip collections like Bored Ape Yacht Club (BAYC), CryptoPunks, Otherdeeds, and more were making solely. OpenSea, the biggest NFT marketplace, is struggling. With only $106 Million in sales, the platform appears to have lost its might.</p> 
<p>Non-fungible tokens are often seen close to blockchain gaming, and art. Beeple, an artist, sold an art after curating his daily art pieces for 5,000 days, for nearly $69 Million. Furthermore, Axie Infinity, The Sandbox, Decentraland and more are some instances of blockchain games where one can sell in-game owned items for real-world value.</p> 
<p>Axie Infinity even helped some underdeveloped countries to start revenue streams during the <a href="https://www.thecoinrepublic.com/2022/10/14/axie-infinity-decentraland-and-the-sandbox-remain-best-metaverse-games/" target="_blank" rel="noopener noreferrer nofollow">pandemic</a>. Everyrealm (formerly Republic Realm), a media company, bought a land parcel in The Sandbox game for over $4 Million. Yuga Labs, BAYC creators, is on the verge of launching Otherside, a metaverse game full of diverse land parcels.</p> 
<h2 class="wp-block-heading" id="strong-passion-and-emotions-keep-gaming-alive-strong"><strong>Passion and Emotions Keep Gaming Alive</strong></h2> 
<p>For starters, the gaming community is known for its passion and emotion. A campaign from God of War, Metal Gear Solid, or Call of Duty isn’t just a pastime. It gives a sense of the gamers being a part of something greater than themselves. Many gamers claim NFT integration will take away this nuance.</p> 
<p>Digital assets may render games a source of earnings. However, adding finance could also attract new entrants in the market delivering a barrage of content, potentially compromising quality. The skilled arena may turn into a giant business hub. The active user base might become volatile. A game can keep players until there’s a financial element.</p> 
<p>The environmental impact of blockchain games is another reason why gamers oppose NFT. It takes large data centers to maintain the data. Without a shadow of a doubt, there will be a lot of NFT games if they manage to enter the mainstream. The world is already seeing unbearable loads of greenhouse gasses (GHGs).</p> 
<p>The yin and yang of NFT integration in the industry should be considered appropriately. Mainstream gaming companies like Ubisoft and Sega have seen a fallout from their communities in the past. Organizations should at least take a community vote to understand the potential outcomes of their actions.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions expressed in this article are those of the writer and do not necessarily reflect the views or positions of any entities they represent.</p>

Will NFT Integration in the Gaming Market Ever Become a Reality?

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