The post The NFT Era Was Just the Beginning, Blockchain Gaming is the Future appeared on BitcoinEthereumNews.com.

The Non-fungible token (NFT) era took the blockchain gaming ecosystem by a storm; this unique digital asset niche was one of the most discussed topics in 2021, with some experts terming it as the future of gaming.  However, as fate would have it, most of the NFT-oriented games that made headlines at the time are either inactive or lost their appeal. To provide some more context, Axie Infinity’s in-game reward token, Smooth Love Portion (SLP), is currently trading at a 99% discount from its all-time high of $0.3997 at the height of the NFT craze. Meanwhile, God’s Unchained rare cards are down from average prices of around $10,000 to as little as $100.  This significant drop in the value of NFT gaming assets has not only reduced the allure of blockchain games but also attracted a lot of criticism. Most of the naysayers argue that blockchain gaming is not close to catching up with traditional games or infrastructures for several reasons; subpar gameplays, flawed tokenomics to sustain incentivized economies and too much technicalities, leaving out interested Web2 game developers.  To some extent, these arguments hold water, but looking at the developments post the NFT hype, it seems like NFTs set the stage for a more disruptive gaming era.  A New Dawn For Blockchain Gaming Bear markets are for building in crypto and that’s exactly what innovators and other relevant stakeholders have been doing for the past two years. This section will highlight three major trends that are solidifying blockchain technology as the future of gaming ecosystems.  Publisher-as-a-Service (PaaS) Web3 Platforms In the early NFT days, most of the game developers who wanted to create games on the blockchain were limited due to the technical knowledge gap. That’s no longer the case; nascent Web3 gaming platforms such as Functico are leveling…

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Filed under: News - @ November 15, 2024 1:27 am