While probably a novelty element of blockchain gaming, NFT gaming is now an established component of games based on the blockchain and cannot be termed a niche anymore.
NFT gaming has drawn a sizable number of new players due to the fact that the chance to earn is a significant draw for gamers. There were game streamers who were making tens of thousands of dollars per week as a result of their involvement in these NFT games at some point in 2021.
Since the majority of these games were released during the bull market, it was only natural that their token prices would rise along with player profits. But now that the cryptocurrency market has entered another unavoidable down market, these NFT games are being put to the test.
Gamers’ interest has decreased as prices have risen. Many games that had gained popularity as a result of their rising token values are now suffering as a result of the bear market. Even major players like Axie Infinity have shown a sharp decline in interest throughout this period. This has prompted NFT gaming to innovate more and pay less attention to token pricing. If these games are to make it through the present bear market, that is.
The fact that the worth of the whole gaming ecosystem depends only on how their token values are going is a concern with present blockchain games. They observe a lot of interest while the price of their tokens is growing, but when it falls, people depart in significant numbers. Such a strategy is obviously unsustainable, and some business experts have even compared the present ones to Ponzi schemes that require a constant stream of new participants to be in operation.
Such strategies only draw players who are exclusively interested in the value of the tokens they win. As a result, there has been a significant exodus from the gaming industry, and cryptocurrency has welcomed another bear market.
The challenges that now afflict the NFT gaming industry have been taken on by a new player in the market. A blockchain game called Cradles: Origin of Species puts more of an emphasis on creativity and its community than it does on token value. This game aims to go above the dubious models used by current blockchain games by introducing never-before-seen features to NFT gaming.
How cradles are different:
To keep its audience interested and engaged Cradles: Origin of Species focuses on innovation rather than token pricing. The developers present novel metaverse gaming experiences with a focus on the player. These include well-liked components of the play-2-earn ecosystem and fresh metaverse elements that elevate it above simple virtual reality gaming. The EIP-3664 idea for a new kind of NFT was one of the contributions from the Cradles: Origin of Species team.
With regard to the creation of tokens, it introduces ground-breaking functionality in a manner similar to the ERC-20. EIP-3664 offers a number of additional qualities that allow different sorts of fungible and non-fungible features, in contrast to ERC-721 or other token standards currently utilized for NFTs. Contrary to typical NFTs, which have fixed traits that cannot be changed, players’ NFTs will allow for continuous and dynamic gaming by allowing them to add, delete, and grant new attributes.
Games that use EIP-3664 may completely represent their assets, players, and gameplay modes as smart contracts. This encourages various forms of games and broadens the range of NFTs available on the Ethereum network, resulting in a more robust and varied gaming experience.
Not Just Play To Earn, Play And Earn
The play-to-earn concept has been abandoned by Cradles in favor of the new play-and-earn paradigm as part of its gamer-first strategy. As a result, players’ attention is drawn away from the token’s cost and onto the overall fun of the game. As players go through the game, the tokens they receive become just another reason to participate, rather than their primary driving force.
Additionally, it is the first subscription-based game to appear in the blockchain gaming industry. This enables everyone to participate right away without having to pay for pricey NFTs up front. Users may play and earn in Cradles for the entire month by purchasing a monthly card.
For modest transactions, there are no transaction fees in the game. Peer-to-peer transactions such as these take place between participants. There is a minor charge for transactions involving more expensive products.
