• NFT gaming has become a global trend that responds to user needs and market circumstances.
• The Play to Earn model gave a powerful impetus to the growth of the NFT market and attracted a lot of users.
• However, the P2E model has difficulty retaining users since it is more challenging to make money in the red market and the games cannot offer anything interesting and engaging.
The non-fungible token (NFT) market has become an integral part of the crypto industry. It has evolved from funny cats into a global trend that responds to all market circumstances and user requirements. We have all witnessed the birth of NFT gaming and its several cycles of hype. The most powerful impetus for the jump was the appearance of good Play to Earn model implementation, where enthusiasts could earn thousands of dollars by completing in-game tasks.
Not surprisingly, this motivation attracted a lot of users and started a vast P2E craze, where projects claiming to develop a game received large trading volumes. Their essence is approximately the same – users need to buy in-game objects, resources, and tokens to earn rewards. Nevertheless, the Play to Earn model created a sustainable concept – NFT games are not for fun. They are for making money only.
The problem is that players do not support P2E games since making money during the red market is more challenging, and these games cannot offer anything interesting. Engagement and emotions are the key to success in gaming. A new branch of industry is emerging that listens to users and develops games emphasising engagement and emotions.
Combined with the best traditions of WEB 2.0 games, the use of NFT becomes the realisation of an exciting tool that allows players to immerse in addictive gameplay and unleash their creativity while engaging in the game. With the growing demand for more organic and user-friendly gaming experiences, NFT gaming will be a viable way to keep users engaged and entertained.
NFT gaming has the potential to be an excellent platform for users to make money and have fun. Developers are exploring ways to make the games more attractive and engaging to the users. This could be done by adding rewards, achievements, and competitions that can motivate players to stay in the game longer. Additionally, developers could also explore new ways to monetize the games, such as in-app purchases or crowdfunding options.
Ultimately, NFT gaming is here to stay and is likely to become a more significant part of the gaming industry in the near future. It has the potential to not only provide a platform for users to make money but also to create an immersive gaming experience that can keep users entertained for hours. With the right team, resources, and strategy, NFT gaming can become a powerful tool to generate profits and provide a fun experience for the users.