USERS’ DEMANDS ON NFTS AND THE GAMING EXPERIENCE
2021 was a big year for NFTs, as proved by coinmarketcap, which stated that the NFT market cap reached 768 billion dollars. The branch of NFT is rising and it is especially prevalent in the Play to Earn experience where trading and owning in-game assets in the form of NFT is the best way to fully enjoy the gaming experience.
Many gamers are investing in NFTs in and outside the gaming industry, making the value of cryptocurrencies a mainstream investment alternative to stocks, real estate, and other traditionally popular investment vehicles.
The market capitalization of all cryptocurrencies, including Bitcoin, Ethereum, and Ripple, among others, has reached over $2 trillion. This just proves the rapid increase in the NFT industry in regards to four years ago when the total cryptocurrency market capitalization was at $15 billion at the beginning of 2017.
However, the volume sales of NFT trades have decreased since the beginning of 2022 despite sudden spikes in March thanks to the $APE token launch and positive news for $BTC.
The problems of the NFT market
The NFTs 2021 craze proves that the market is ready for a new age of gaming. However, players might still be reluctant to fully immerse themselves in these new challenges, especially if the features of the gaming experience don’t come from the community but from the companies that push an NFT narrative where higher fees are demanded and where valuable NFTs are usually designed to belong to higher rank players.
Players are currently looking for new game experiences where they can have the choice of purchasing, trading, and earning NFTs without requirements or boundaries that impede an open flow in the game’s ecosystem.
The discontent of players is the main factor behind the decrease in investment in NFTs during the first quarter of 2022. However, there are initiatives and solutions for gamers that are still passionate about the P2E experience but have reduced their expectations of NFTs.
Match the communities demand and the evolution of smart contracts
The community demands a new era of NFTs in-game that is organically created and grown from its community. Also, there is a demand to earn benefits from NFTs, whether it’s exclusive drops, live events, or holding perks.
Another important aspect and evolution in the NFT market is the Invention of the ERC721A standard to batch NFTs transactions and reduce gas fees.
The Ethereum Request for Comments 721 (ERC-721), was created by William Entriken, Dieter Shirley, Jacob Evans, Nastassia Sachs in 2018, and implements an API for tokens within Smart Contracts.
This new standard features a unique token that can have a different value than another token from the same Smart Contract, due to its age, rarity, or some other feature.
Codyfight
Codyfight is a multiplayer one-on-one AI coding web-based game where the focus is placed on its community. This ultimately means that the input and contributions come directly from users and Codyfight acts as the final piece of an ecosystem where tokens are traded in between players without barriers or impediments that come from the game provider.
NFTs are created by artists that craft skins and sell them on the marketplace, as well as outside the game. Players trade skins in between them, re-style, re-name and repair their NFTS. Coders can build bot farms where they can control AI robots and earn rewards passively.
The community is always active in the marketplace, as well as they can organize tournaments and championships, making competitive gaming a key part of the user experience and earning rewards from their contributions. In addition, users can also provide input and feedback on the game, so Codyfight will always be evolving and changing according to players, and gamers won’t have to adapt their ventures to the game’s dynamic.
As a final piece in Codyfight, staking becomes an opportunity for players. Holders will have a set of advantages in the long run from exclusive content to early access, and they will also be invited to test new features.
In summary, the Codyfight community will adapt to the problems caused by the lack of engagement in the industry and will present a new future in the industry, where players can feel satisfied inside and outside the gaming experience.
More information about Codyfight:
Telegram (Announcement) | Telegram (Community) | Twitter | Website | Github | Discord | Facebook
