Amazon's Move In NFTs and Crypto Games
NFTs and crypto games are becoming more popular. What we see in the past that's just a starting point. Amazon is going to make its move as a digital assets company for NFTs and crypto games.
A big giant like Amazon can draw many investors' and players' attention to the NFTs and crypto gaming industry. When NFTs traded for a huge amount of dollars, we saw the news everywhere and people were talking about it. You can guess what would happen when Amazon gets into it.
People love to get involved in crypto games. Play2Earn becomes very popular. Players can earn by playing the game. This is somewhere new and exciting. Most people's focus shifts to earning. Unfortunately, players may not be happy just playing the games. There is a lot of room for improvement and innovation in this sector.
When players get a great experience just playing the game and there is earning opportunity on top of that, we will see a huge change in the crypto gaming industry. Amazon is planning to launch crypto games where customers can play and claim free NFTs.
When there is utility in NFTs, the demand for those NFTs will be huge. People would love to hold and use NFTs for their use case. Critics may say NFTS is a fad, and crypto games will not survive in the long run because it is not fun to play. I think we have not seen anything yet in the sector in the terms of innovation and development.
People who think negatively about NFTs and crypto games will change their minds. You may not hear people saying Bitcoin is a bubble. There is no doubt at this point that crypto is here to stay. If you have an open mind, you cannot ignore what's going on in the crypto industry.
It is stated that Amazon will run a new NFT platform. It will have complete control and that could be large enough to compete with big NFT marketplaces like OpenSea. It would be interested to see how it turns around. More competition is good.
I am concerned about the decentralization aspect. If the NFTs and crypto games can grow without sacrificing decentralization, they will be unstoppable. We will see more adoption of NFTs and crypto games. It will be a game changer for the whole crypto ecosystem.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
Reference: 1
