Opinion By  Dmytro Litvinko
Newbie 189 16 Mar 2023
Newbie

Can NFT games regain traction?

By  Dmytro Litvinko 189 16 Mar 2023
Photo - Can NFT games regain traction?

Blockchain games give players complete ownership over their in-game items, allowing them to sell these items for cryptocurrency and even earn money from them. This makes NFT games a particularly intriguing part of the crypto industry.

NFT games saw a surge in popularity in late 2021 and early 2022, but since then, their audience has significantly decreased. Let's explore why interest in such projects has dwindled and whether they have the potential to become as popular as traditional games.

Challenges

One possible reason for the decline in the popularity of NFT games is their complexity and inconvenience. To fully immerse yourself in such a game, you often have to deal with new blockchains, crypto wallets, and NFT marketplaces. These are additional processes that can deter users, especially if they are not yet familiar with the world of cryptocurrencies. 

Another issue with blockchain games is the lack of content and imperfect gameplay. Many of them become available to play when they're still in their early stages, as developers want to see results as quickly as possible. Moreover, such projects are often handled by teams without experience in game development, so their gameplay fails to keep players interested for long.

The third reason for the decline in the popularity of Web3 games is their tokenomics. In many cases, they are imperfect and sometimes geared solely towards enriching their developers. Regular players are often dissatisfied because the NFTs and cryptocurrencies they previously purchased for the game lose value over time.

Prospects

Despite the aforementioned challenges, the industry still holds great potential. As blockchain technology continues to evolve and become more user-friendly, regular gamers may be more inclined to explore the world of NFT games.

In order for P2E projects to truly gain widespread adoption, the focus should be on creating games that offer engaging gameplay and an impressive gaming experience, not just blockchain technology. While the underlying Web3 technology is important, ultimately it is the gameplay that attracts and retains players. 

Therefore, the collaboration between major gaming studios like Ubisoft or Electronic Arts and reliable blockchain projects can play a big role in popularizing blockchain gaming. This is something that could happen in the foreseeable future and take the industry to a new level.