NFT in the darkest hour, can these 24 positive developments boost the market?
Original author: Game Fund Partners partner Jonah
Translation: Odaily
NFT is going through its darkest moment.
As the Azuki incident continues to ferment and community complaints abound, many long-term holders are selling off, dumping, and fleeing, further trampling on market sentiment and rekindling discussions about the stagnation and lack of innovation in PFP NFTs. As the Azuki series of works plummeted, other NFT prices also failed to escape, with several blue-chip projects touching recent lows on Monday. Although there was a slight rebound today as market leverage decreased, the overall situation remains bleak.
However, in the midst of such a chilling market, there are still some NFT projects that are maintaining their development pace and striving to deliver to the community and the market. Although it is still too early to talk about the next bull market for NFTs, perhaps one of these efforts will help open the path to the next stage for NFTs.
Jonah, partner at Game Fund Partners, has summarized these few positive developments for us. The following is the content of his tweet, translated by Odaily (for compilation purposes only, does not represent the views of this website).
1. Yuga Labs has launched a new game called "NHV-MTL Forge", which may not be an epic masterpiece, but it is still worthy of praise. Some users really like their small game.
2. Azuki showcased their animation production capabilities, and now they have the funds to create some real content.
Odaily Note: I cannot agree with this point...
3. Pudgy Penguins performed well in terms of royalties and merchandise, and they are soon going to hold a comic exhibition.
4. OhBabyGames has made a very cool racing game that I have personally played and it's a lot of fun.
5. InfiniGods, Parallel and some other projects will have major movements in the summer.
Odaily Note: InfiniGods has developed a casual puzzle game called InfiniMerge based on Greek mythology; Parallel is a card battle game similar to Hearthstone, which received a $50 million investment from Paradigm in 2021 with a valuation of $500 million.
6. Xai will launch Layer 3 based on Arbitrum and start a gaming ecosystem.
7. I have learned that Limit Break (DigiDaigaku development company) is doing some cool things.
Odaily Note: The latest news from Limit Break is the launch of the executable on-chain programmable royalty new standard ERC 721-C, but it is uncertain whether Jonah is referring to this.
8. VRSE Studio is exploring the combination of NFT with 3D animation and AI software.
9. The Ronin Network ecosystem has launched some new games that are not based on Axie Infinity, and I think these games are quite good.
10. The Rabbit Hole has launched the Epic Games Store.
Odaily Note: The Rabbit Hole is a Web3 game developed by independent animation technology company AMGI Studios, in which Meta CEO Zuckerberg will play the main antagonist.
11. Nike's NFT platform .SWOOSH has partnered with Fortnite and launched an activity island called Airphoria within the game, with a large number of players participating in the event.
12. Ryan Wyatt (President of Polygon) did some crazy things in Washington (referring to compliance), Polygon is very friendly to some new entrants.
13. On 1 Force and some other projects are also exploring cooperation with Fortnite.
14. The MOBA game WILDCARD has launched its testing.
Odaily's note: In June last year, its developer, The Wildcard Alliance, completed a $46 million Series A financing round, led by Paradigm with participation from Griffin Gaming Partners, Polygon, and others.
15. DeGods held some offline events together with some holders, and the events were very popular.
16. Doodles acquired a real animation company and is in the process of creating.
Odaily's note: In January of this year, Doodles announced that it had agreed to acquire the Emmy-nominated animation studio Golden Wolf, and the specific acquisition amount has not been disclosed.
17. Futureverse merged multiple companies to build a collaborative ecosystem.
18. Kanpai Pandas is doing some real Web 2 content around MMA (mixed martial arts).
19. Forgotten Runes Wizard's Cult is developing a game and already has a demo showcase.
20. Pixel Vault has a new technological product. I secretly saw their animated project, and it is really cool art.
21. Opepen is becoming more and more enthusiastic.
22. Rug Radio has reached a cooperation with MetaMask.
23. BoDoggos makes Solana NFTs interesting again.
24. Multiple Web 3 games are still being developed using previously raised funds.
Everything will be fine, even if it's not today... it will be fine at some point.
