Blockchain

NFT games will occupy 90% of the market in five years From Reddit co founder

The following is the NFT games will occupy 90% of the market in five years From Reddit co founder recommended by recordtrend.com. And this article belongs to the classification: Blockchain.

Alexis Ohanian, co-founder of reddit, a famous foreign forum, is the latest industry figure who is excited about the concept of “play to earn”.

The continuously successful entrepreneur now focuses on blockchain and encryption related projects. He is optimistic about the prospect of making money from the game and predicts that it will dominate the game world in just a few years.

According to business insider, Ohanian discussed the potential use of blockchain technology in games in the recent where it happens podcast.

“90% of people can’t play games unless they get proper attention,” Ohanian said in a podcast: “In five years, you will really cherish your time, instead of being cut leeks because of advertising or being cheated to buy stupid hammers you don’t actually own. You will play some equivalent games on the chain, which will be equally interesting, and you will actually get income, and you will become a harvester.”

“Play to earn” games usually use encrypted tokens instead of conventional in-game currencies, which means that players can theoretically exchange their in-game income for real-world currencies. At present, the most popular game in this category is axie infinity, which is similar to Baoke dream. You can buy and sell nominally axies pets with ronin cryptocurrency.

According to a report by business insider, axie’s in-game economy has encountered problems. The report claims that players’ return from the game gradually decreases over time because players cash in their income rather than reinvest it into the game. The minimum purchase fee of the game is also about $300, which is a high threshold for many players. The income of low-level players is usually much lower than the minimum wage.

More reading from 3DMGAME: in the first half of 2021, the total sales of NFT digital art reached $2.5 billion. NFT house: the survey shows that 30% of netizens know NFT, but only 2.8% of owners. Chainalysis: in 2021, the global NFT market exceeded $26.9 billion. Dapradar: in 2021, the total sales of NFT was about $25 billion. In 2021, the sales of Q1 NFT exceeded $2 billion, an increase of 20 times month on month, making reddit for news aggregation, Why follow the trend of original video? Pew: 6% of adult Internet users in the United States use reddit. Reddit: the transparency report in 2018 increased by more than 100% year-on-year. Reddit: the transparency report in 2014 received 55 requests from the government. In 2021, the 12 science and technology hot words metauniverse VentureBeat on the list of web 3 and NFT: in 2014, the number of participants in reddit’s Christmas gift exchange exceeded 200000 reddit: the survey shows that 53% of the players of “hymn” have abandoned the pit. In 2021, the section with the largest viewing volume of reddit is the section of “original God”. Reddit: the top ten most disappointed games of netizens in 2014. In 2012, the page viewing volume of reddit on the American social news website was 37 billion times

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