As the NFT market grows bigger and better with each passing day, new and innovative third-generation blockchain platforms have paved the way for the emerging blockchain gaming sector to leverage the power of non-fungible tokens (NFTs) to their full extent.
Currently, the aggregate market capitalization of NFTs has crossed $63 billion, with several NFTs and collectibles tokens experiencing continuous upward price momentum. Decentraland (MANA), Gala (GALA), The Sandbox (SAND), and several other blockchain games have already set the foundation for the much-hyped “metaverse,” giving users a sneak peek of what the future holds for them.
Although NFTs have been around for a while, they really garnered mainstream attention between 2020 and 2021 amid eye-popping auction figures. With several NFTs changing hands for tens of millions of dollars, both service providers and consumers began to realize the true potential of NFTs, despite the initial speculative drive. For instance, the NFT ecosystem witnessed a flurry of new and promising projects in 2021. Prominent blockchain platforms like Ardor and Tron have also entered the scene with their own NFT games.
The latest platform to join this list is Polygon, the layer-2 protocol for Ethereum. As part of its ongoing efforts to bridge the Web2 and Web3 worlds while actively supporting and facilitating the development of NFTs on its network, Polygon has entered the NFT scene with its recently launched Polygon Studios. This new division will focus exclusively on blockchain gaming and NFTs. The platform has also invested in Colexion,…