NFT Gaming ushers in a changing of the guard as PFPs battle

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Amidst all the FUD, self-sabotage, and general market turmoil, an interesting development has continued within the NFT gaming sector. As if bypassing the inherent limitations of the PFP market, NFT games have only grown in stature as interest in static images has waned.

In recent weeks, the NFT industry has seen its fair share of turmoil, with the Azuki collection imploding in spectacular fashion, and even the Bored Ape Yacht Club hitting lows not seen since August 2021. However, as the days of lot of money, status -symbol PFP NFT appear to be numbered, the highly useful game market may have ushered in a changing of the guard.

A major driving force for increased adoption in NFT gaming has come in the form of a crypto-supported launcher, the Epic Games Store. Throughout 2023, the platform has welcomed a number of large NFT game projects, which in turn fosters confidence in the industry. In the past few days, the lawless bunny-themed open world My Pet Hooligan has been announced to be launching on Epic, with games like Blankos Block Party, GRIT, and Gods Unchained free to download now!

NFT Gaming can circumvent the bear market

The beauty of NFT gaming assets is that their value comes from their utility rather than speculative demand. This means that as long as the game remains popular, NFTs will continue to hold their value. As a result, many NFT game developers have continued to build during the currently unfavorable market conditions.

Throughout the bear, Star Atlas has maintained a vibrant community and following, while also releasing early access to its game. The same can be said for the Ember Sword, which allowed players to explore SolarWood to help with testing. Although, the incredible success of NFL Rivals saw it achieve an incredible 1 million downloads in just 2 months. Now, as we head into the second half of 2023, 35 blockchain games grace the Epic Games Store, with 12 available to download now!

To top it off, Blankos has cemented his position as a pioneer in NFT gaming, while the aforementioned My Pet Hooligan touts himself as a Fortnite killer. So despite the turmoil in the PFP market, the future of NFT gaming looks bright!

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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.

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