'The Inevitability of Cross-Chain Gaming-Specific NFT Marketplaces' gaming gamingmetaverse
Right now, one of the biggest gaming marketplaces is OpenSea. In 2021, it reported around $10 Billion in total all-time sales, the vast majority of that being in 2021. A lot of this was due to aBut this is not all that much when you compare it toblockchain-based games. Axie Infinity, an NFT-focused video game developed on the Ethereum network, surpassed $1 Billion in total trade volume in August of 2021, perhaps the most prominent 30-day period in the history of NFTs.
What this means is that we need to have extreme efficiency in NFT trading and investment - the exact opposite of what has happened to Crypto Kitties on the Ethereum blockchain. This is partially why new games are being built on other blockchains without high gas fees.The SolChicks game is a play-to-earn model where you mint your own SolChick that you play within the Metaverse. The SolChick will have an occupation in the Metaverse and can farm land.
For instance, there are already certain companies who are focused purely on generating yield from NFT-based games. There could easily be hardware-compatible NFTs - ones that only work when the user has ‘signed in’ to a VR headset. A whole suite of security validation protocols is going to be necessary too. The more accounts and networks you are in, the greater the potential security vulnerabilities.
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