Collins English Dictionary chose NFT as the Word of the Year in 2021. It is hardly a surprise: trading volumes of non-fungible tokens surged from $100 million in 2020 to $23 billion in 2021, according to DappRadar. The fastest-growing sector of NFTs is blockchain games. This growth was catalysed by the massive inflow of users into GameFi — a new niche at the nexus of financial services and gaming in which a gamer gets opportunities to earn real money in-game. An opportunity that was not previously available, in comparison with the chance just to have a good time.
Collins English Dictionary chose NFT as the Word of the Year in 2021. It is hardly a surprise: trading volumes of non-fungible tokens surged from $100 million in 2020 to $23 billion in 2021, according to DappRadar.
First thousands, now millions of online gaming fans spend time on NFT gaming platforms as only playing the game itself can yield some profit in NFT games. Invest in the project that develops the blockchain game by purchasing its tokens. For example, 2000 tokens AXS of the game Axie Infinity during the public sale start at Binance Launchpad cost $200, and just in one year, the same tokens were valued at $250 000.
This problem remained unnoticed over the last year since the NFT games sphere was still at the earliest stage of its development, although it was rapidly growing. By the end of 2021, it was evident that retail investors were disadvantaged by the current state of affairs. Decentralisation and P2E games were called upon to broaden the opportunities for the widest ranges of regular users. Yet the niche was once again occupied by big venture funds.started to appear.
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