Crypto traders and executives usually tout gaming as probably the greatest use instances for non-fungible tokens. On the floor that argument is sensible, 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, probably the greatest recognized NFT-based video games, at one level seemed prefer it was breaking via as a large hit, reaching 2.7 million each day lively customers final October. Within the Pokémon-like sport, customers battle one another with monster NFTs referred to as “Axies.” However it’s been bleeding customers for the reason that crypto winter began—DAUs had fallen to lower than 1 million as of Could, in keeping 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 keeping with CoinGecko.