4 Key Trends Of NFT Gaming That Are Big In 2023
There are a lot of expectations placed on NFT gaming with the evolving gaming landscape. Previously, it may have been assumed that NFTs and gaming were two distinct components of avenues that would never intersect. But the rise of NFT gaming is an all-new arc every gamer needs to be a part of.
Games and NFTs have become an unbreakable combination as a result of the mutually beneficial benefits they provide. The trend of gaming has been around for a while. Millions of dollars in NFT sales were frequently seen. The price of NFTs is increasing, which is evidence that the years 2020 and 2021 could be regarded as the “golden age” of NFT gaming.
The NFT space has also been affected by the earthquakes that shook the crypto industry. On the surface, this might have caused a little decline in NFT use and value. This was a benefit in disguise, too, as it made it easier to tell great NFT projects from subpar ones.
Gaming was one of the most obvious applications that NFTs could investigate. NFTs’ introduction into the gaming industry served as a panacea, particularly for players who had little reluctance to spend their money on gaming equipment with a finite shelf life.
The year 2022 and a tiny portion of the final quarter of 2021 could be regarded as the beginning of the NFT era in the gaming industry. 2023 is anticipated to see the transition of NFT gaming from adolescence to adulthood. These are the NFT gaming trends to look out for in 2023 at this pivotal time.
The focus of mainstream gaming will shift toward NFT.
Sony recently submitted patent applications for the use of digital collectibles in its console gaming ecosystem. One of the faces of the towering gaming totem pole is the PlayStation, and if they enter the NFT market, it is obvious that the gaming industry is changing.
You can definitely anticipate that the hard-core traditional gamers, also known as gaming purists, will become more familiar with concepts of NFTs and the benefits that they bring to the table when mainstream gaming companies (we’re not just talking about console manufacturers but also game development companies) get into NFTs.
Businesses will view gaming as a metaverse brand-building platform.
Brands entering athletic arenas is nothing new. No, we’re not talking about companies who support football clubs like Samsung or Emirates; rather, we’re talking about completely unrelated companies like Emirates. You can anticipate that brands will have a large presence in the virtual digital environment because many games will go into the metaverse.
Blockchain Gaming App to be Featured in Samsung’s Blockchain Mobile Phones
— Entertainment Heat (@entertainmenth_) May 28, 2020
Full-fledged metaverse sporting events featuring brand partnerships and sponsorships wouldn’t be shocking. Brands will have the chance to increase their visibility on this cutting-edge digital platform, especially among a population that is online and tech-savvy!
P2E will gain popularity as a source of income.
Gaming used to be characterized as fascinating, amusing, and exciting but undoubtedly not satisfying. At least not in terms of money. However, the combination of NFTs and gaming has given rise to P2E, a brand-new game genre and revenue stream.
P2E games have been shown to have an effect on people’s quality of life in Southeast Asia. The P2E metaverse cricket game Meta Cricket League by Jump. Trade has also gained much traction and adoption in India and other cricket-loving nations worldwide. Given this trend, it is possible that many people will play and make money from P2E games.
Jump. trade, a Sports NFT marketplace by GuardianLink, organised its first Meta Cricket League tournament finale for cricket fans. To begin playing fans need to buy atleast 2 NFTs, a bowler and a batsman.#NFTs #P2E pic.twitter.com/g6XMPTPLKn
— Vijay Pravin (VP) | bitsCrunch (@VijayPravinM) August 20, 2022
Being a “gamer” will eventually be regarded as a legitimate profession, just like how being a “content developer” was not a serious vocation a decade ago but is today a wealthy one!
Game ecosystems that are interconnected would begin to emerge.
It is crucial to establish an ecology in which the benefits of NFTs and their permanence can be effectively utilized if we are to benefit from them fully. One possibility for it to happen is if there are games that allow players to use a single NFT across several games.
It could appear counterproductive at first because a single NFT with utilities in several games might slow down sales growth. However, it also has a chance to make the NFT more appealing, which might assist in indirectly boosting sales volumes through improved adoption and penetration.
The year 2023 has all the qualifications and eligibility to be the gaming industry’s annus mirabilis. It will be one of the most momentous years for gaming, NFTs, and NFT gaming if mathematical extrapolations and the measured intuitions of the industry’s specialists are to be trusted!