{"id":610,"date":"2022-11-13T15:51:02","date_gmt":"2022-11-13T15:51:02","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/13\/only-3-of-gamers-own-an-nft-heres-why\/"},"modified":"2022-11-13T15:51:02","modified_gmt":"2022-11-13T15:51:02","slug":"only-3-of-gamers-own-an-nft-heres-why","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/13\/only-3-of-gamers-own-an-nft-heres-why\/","title":{"rendered":"Only 3% of gamers own an NFT, here\u2019s why!"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>This is a guest post by G4AL:<\/em><\/p>\n<p>Jason\u2019s been a gamer all his life. From Minecraft to now the Elden Ring, he\u2019s done it all. An overpowered CPU that runs the electricity bills down the river and walls full of Skyrim posters and merch, Jason is now 23 and he has loved video games for what they are since he was 13. One of the main reasons he\u2019s now always on his computer is he\u2019s discovered Axie Infinity, which lets him earn from it too! Pretty awesome, right?<\/p>\n<figure id=\"attachment_84028\" aria-describedby=\"caption-attachment-84028\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-84028 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL%C2%B7E-2022-11-13-16.47.58.png\" alt=\"gamer gaming games\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58-300x300.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58-150x150.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58-768x768.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58-56x56.png 56w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58-450x450.png 450w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><\/noscript><figcaption id=\"caption-attachment-84028\" class=\"wp-caption-text\">Why do gamers hate NFTs so much?<\/figcaption><\/figure>\n<p>We all raised an eyebrow with that last sentence.<\/p>\n<p>Without having to continue to read further, we all know what the problem here is. There\u2019s a lot of capital going into the future of the so-called Web3 gaming. Just last year Immutable also launched a <a href=\"https:\/\/www.coindesk.com\/business\/2022\/06\/17\/nft-platform-immutable-launches-500m-venture-fund-for-web3-games\/\" target=\"_blank\" rel=\"noopener\">$500M Venture Fund<\/a> for Web3 games, showing us millions of dollars being spent behind it. But there\u2019s just one major problem: GAMERS HATE IT. They\u2019re just not interested.<\/p>\n<p>A recent <a href=\"https:\/\/codaplatform.com\/web3-user-study\/\" target=\"_blank\" rel=\"noopener\">survey<\/a> floating on the internet says 89% of \u201cnormal\u201d gamers are aware of cryptocurrency and bitcoin, and 51% are aware of NFTs \u2013 but the majority of them associate those terms with a lot of negative feelings. What\u2019s even not-so surprising is that out of the total surveyed participants, about <a href=\"https:\/\/codaplatform.com\/web3-user-study\/\" target=\"_blank\" rel=\"noopener\">12%<\/a> have tried playing Web3 games. Tried, that\u2019s where it ended unfortunately.<\/p>\n<p>Why is that? Let\u2019s look at it a little bit closer.<\/p>\n<p>One of the main reasons for gamers to stray away from Web3 games are the start-up costs, concerns over scams and the lack of familiarity with how Web3 games might work. One of the most famous examples (yes, don\u2019t we just love criticising big name publishers) is Ubisoft. The multi-million dollar company and its attempts to reinforce NFTs within a game failed miserably when it got massive <a href=\"https:\/\/www.videogameschronicle.com\/news\/ubisoft-says-more-of-its-games-will-be-getting-nfts-despite-the-initial-backlash\/\" target=\"_blank\" rel=\"noopener\">backlash<\/a> from its players. Hours and hours of grinding for something that no one even cared about. But at least the gameplay was good? One of the major problems within today\u2019s Web3 gaming industry is the quality of games which can be directly related to the dissatisfaction from the gamers. From Axie Infinity to even The Sandbox, it\u2019s almost impossible to find the console-quality gaming experience that everyone is used to.<\/p>\n<p>\u201cThe gaming industry we all love has seen wave 1 from Web3, an initial jump at what Web3 games could be. Phase one was to raise awareness but now it\u2019s time to redefine business models that will help set industry standards within Web3 gaming \u2013 something to get closer to what we\u2019re used to from console quality gaming. Our roles not just as <a href=\"https:\/\/www.g4al.com\/\" target=\"_blank\" rel=\"noopener\">G4AL<\/a> or <a href=\"https:\/\/www.elementalraiders.com\/\" target=\"_blank\" rel=\"noopener\">Elemental Raiders<\/a> but as Web3 pioneers is to keep educating actors on the possibilities and the potential the technology offers, something we all can innovate and experiment more with,\u201d says Adria Mir; a Web3 blockchain expert at G4AL, a layer 1 blockchain and game development studio.<\/p>\n<h2><span id=\"Do_NFTs_stand_a_chance_in_the_near_future\">Do NFTs stand a chance in the near future?<\/span><\/h2>\n<p>The survey highlights a path out of the NFT and Web3 hate, albeit a small one \u2013 for crypto and NFT to become part of the gaming industry, are studios interested in taking risk on this new gaming paradigm when the first foray into it resulted in a high-profile failure?<\/p>\n<p>There are several emerging Web3 gaming studios with profiles from established and proven Web2 backgrounds such as Manel Sort and his G4AL, who are trying to develop building blocks in their ambitious vision for a truly playable, enjoyable and developing Web3 game experience.<\/p>\n<p>\u201cWe tested out several performance marketing models and surveys during our time at Digital Chocolate, King Studios and Electronic Arts, trying to understand the consumer mentality of gamers. We\u2019ve taken all of that knowledge, information and learnings and are trying to adapt towards Web3, by creating games such as Elemental Raiders who aim to focus on the needs of the gamers rather than forcing them to move into the realm of play-to-earn\u201d, says Manel Sort, CEO and co-founder of G4AL blockchain, game development studio and its upcoming game Elemental Raiders.<\/p>\n<p>So the question is will the Web3 gaming market adapt to the existing needs of gamers and make them better by solutions such as NFTs with utilities in-game, better experience and gameplay, or try and force a need to move gamers from Web2 to Web3? As of now the data from Coda Labs suggests it\u2019s going to struggle to be an anything but a niche segment of the gaming market.<\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/only-3-percent-of-gamers-own-an-nft-by-g4al\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a guest post by G4AL: Jason\u2019s been a gamer all his life. From Minecraft to now the Elden Ring, he\u2019s done it all. An overpowered CPU that runs the electricity bills down the river and walls full of Skyrim posters and merch, Jason is now 23 and he has loved video games for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/DALL\u00b7E-2022-11-13-16.47.58.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/610"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=610"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/611"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}