Amid all of the FUD, self-sabotage, and general market disarray, an interesting development has continued within the NFT gaming sector. As if sidestepping the inherent limitations of the PFP market, NFT games have only grown in stature as interest in static images has waned.
Over 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 big-bucks, status-symbol PFP NFTs appear to be numbered, the utility-heavy gaming market may have just ushered in a changing of the guard.
A huge driving force for the increased adoption in NFT gaming has come in the shape of crypto-friendly launcher, the Epic Games Store. Throughout 2023, the platform has welcomed a number of big NFT gaming projects into its fold, which in turn fosters trust in the industry. In recent days, anarchic bunny-themed open world, My Pet Hooligan, announced it will launch on Epic, with the likes of Blankos Block Party, GRIT, and Gods Unchained free to download already!
My Pet Hooligan has been officially approved by EPIC!
Go SIGN UP for the Early Access Alpha waitlist NOW!
Download keys are coming this week!
We will be raffling away 5 custom MPH baseball jerseys for those who sign up!👇https://t.co/wSsjqeHBVc
— My Pet Hooligan (@mypethooligan) June 27, 2023
NFT Gaming Can Circumvent the Bear Market
The beauty of NFT gaming assets is their value comes with their utility rather than speculative demand. This means that as long as the game remains popular, then the NFTs will continue to hold their value. As a result, many NFT gaming developers have continued to build during the currently unfavorable market conditions.
Throughout the bear, Star Atlas has maintained a vibrant community and following, while launching early access to its game. The same can be said for Ember Sword, which allowed players to explore the SolarWood to aid with testing. While, the incredible success of NFL Rivals saw it achieve an amazing 1 million downloads in just 2 months. Now, as we roll into the second half of 2023, 35 blockchain games grace the Epic Games Store, with 12 available to download already!
To top all of that off, Blankos has cemented its position as a trailblazer in NFT gaming, while the aforementioned My Pet Hooligan is being touted as a Fortnite killer. So, despite the turmoil in the PFP market, the future of NFT gaming looks rosy!
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Decentralised human, Explorer, Adventurer.