Crypto traders and executives typically tout gaming as top-of-the-line use instances for non-fungible tokens. On the floor that argument is smart, as a result of video games encourage customers to compete for NFT prizes or deck out their digital avatars with NFT-based equipment. However the place are all of the blockchain avid gamers?
Axie Infinity, top-of-the-line recognized NFT-based video games, at one level appeared prefer it was breaking by means of as a large hit, reaching 2.7 million every day lively customers final October. Within the Pokémon-like sport, customers battle one another with monster NFTs known as “Axies.” But it surely’s been bleeding customers for the reason that crypto winter began—DAUs had fallen to lower than 1 million as of Might, in accordance with The Block. And the worth of slp tokens used to purchase Axie Infinity’s in-game NFTs plummeted round 75% over the identical interval, in accordance with CoinGecko.