2021 can be said to be a year marking the outstanding development of the wave of NFT games in Vietnam as well as many countries around the world. Following the success of Axie Infinity, a series of popular NFT game projects were also born. There are even projects that have raised huge amounts of money from investors. It can be considered as one of the most explosive periods of the NFT gaming industry. However, entering 2022, things were no longer so bright. Once considered as one of the revolutions of the world gaming village, but at the moment, NFT games are facing a rather sad situation, which is almost unnoticed by many people. So, where does the cause come from?
Downtrend season has come
When it comes to the profitability of NFT titles, certainly, one of the first things that comes to mind is the influence created by market factors. And just reading through the information about the virtual currency market at the moment, many people cannot be optimistic.
Strong growth in just one month in the first month of the year in the period 1/2022 – 2/2022, but right after that, the tokens of NFT titles rapidly decreased in value. This is also equivalent to reducing the income and value of gamers. However, in return, this also brings a huge opportunity for new “gamers”, when the cost has been significantly reduced. However, the fear of the market’s downward signal also made many people “reflect”.
Scam problem, running away from developers
The wave of NFT game development in 2021 can be considered the clearest evidence for the explosion of this genre. But it also comes with a multitude of consequences. Lack of control, plus the naivety of gamers and investors, many publishers have created “ghost projects”, called for capital and then “returned cards” with demo versions. , a roadmap that never reaches an end point. Or worse, it’s raising millions of dollars and then, in return, launching a test version with a lousy, squiggly configuration like the way Pixelmon – a famous game used to do.
And just like that, it’s not unusual for gamers and investors to lose faith in NFT game projects. Only suffering for the genuine NFT game development teams when it is really difficult to raise capital at this time.
Basically, perhaps the wave of NFT games is just slowing down because after all, blockchain technology has been gradually proving its usefulness, despite its influence on traditional games. is still relatively limited. However, how long the downtrend lasts, as well as how long it takes to restore the confidence of investors and gamers, no one knows.
Information about cryptocurrencies (cryptocurrency), commonly known as “virtual money” has not been recognized by law in Vietnam. The information in the article is for reference only and has no investment recommendation value. GameFi (short for Game + Finance) is a term that refers to blockchain games that incorporate a financial element. The information in the article is for reference only and has no investment recommendation value.