NFT gaming trends in 2023: Industry execs expect more big players to jump in

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Aleksander Larsen, the co-founder of Sky Mavis, pointed out that play-to-earn does not work in its current state.

When asked about the relevance of P2E in 2023, the Sky Mavis executive admitted that the model is currently flawed. He explained that:

Zoe Wei, the senior business director at BNB Chain, echoed Larsen’s thoughts. According to the executive, further experimentation and analysis are necessary to make the token economies of most games sustainable. Apart from the NFT gaming models, Wei also commented on the topic of traditional game producers coming into the space. Wei believes that blockchain technology and NFTs have"undeniable benefits" for game producers and gamers. “We have already seen countless gaming studios venture into web3 over the past year, and this is a trend that will continue into 2023,” Wei added.

Pereira also mentioned that while Asian gaming firms are more public in their crypto push, western firms are also swooping in, but are"being more cautious with their PR." Nevertheless, the executive believes that the trend will continue.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Great article! Play-to-earn mechanisms definitely didn't work. Games need to be about fun first, not earning rewards. We continue to see this trend changing, there will be more maturity in the ecosystem that will onboard both traditional gamers, and game studios in 2023. 🎮🚀

P2E will never go mainstream. Gamers need to have fun while playing and not thinking what this gameplay would earn me. Thats where real gamers stop playing and bot farms take over

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 2023 MotorTrend Power List: The Auto Industry's Biggest Movers and ShakersThe 49 players who most influenced the auto industry in the past year, plus the 2023 MotorTrend Person of the Year. Lol hardos. Keep putting out free content so I don’t have to pay for your shitty takes. no one from Kia or Hyundai should be on this list. Shame on you for not doing better research on your list! These companies have grossly mistreated and mislead their customers and have not honored their recalls to fix their faulty engines!!!
Source: MotorTrend - 🏆 230. / 63 Read more »