Boss, everything is gone!

NFT volumes on marketplaces are falling, and some NFT collections that were worth millions of dollars in hype have collapsed.

News like “Someone bought an NFT stone for hundreds of thousands / millions of dollars” no longer flash in the feed.

A bear market has its advantages, no matter what anyone says. This is when the wheat is separated from the chaff. We have seen this more than once.

Will #NFT and #GameFi remain on the pages of history? I think no.

To begin with, it is worth understanding that NFTs and GameFi are not pictures that can be bought/sold on marketplaces, and not primitive games where the word blockchain is added to the title and is presented as a new revolution in the gaming industry.

NFTs and GameFi continue to grow despite the global and market conditions. Everyone, especially the big guys, has already realized the practical significance of the technology and will not give up on it.

Mechanics change, new ideas and cool projects appear (for example, Cosmic FOMO), #AАА-игры is being finalized to #блокчейне (to understand: creating an AAA game on average takes 2-3 years, unless, of course, Several studios are not working on elements of the same game at once). Top studios, such as Ubisoft, are creating entire departments to study and implement GameFi elements, and EA has repeatedly called NFTs and blockchain games “the future of our industry.”

Let's look at the numbers. They say they don't lie.

According to Rootdata, NFT and GameFI have remained in the TOP 3 in terms of investment amounts over the past few years.

Data from July 20:

Many projects have postponed the release of their product and are waiting for the right moment to write on Twitter: “Meet our game!” Therefore, we can safely say that the NFT hype is over and the sector has attracted attention. Now the most important thing is to show proven and sustainable use cases for NFTs, and not offers like “I have monkeys, they are very valuable, buy them, we are building a community.” Plus, the NFT sector needs to resolve controversial issues, such as regulation, legal status, etc.

Rootdata shows us that the sector is, one might say, “recharging its batteries” by attracting funds to implement promising ideas. And there are more and more projects every month.

Yes, NFT volumes on marketplaces are falling, and some expensive NFT collections are crashing, but only because NFT technology is undergoing a real renaissance. Therefore, we can safely say: NFT/GameFi is dead. Long live NFT/GameFi!