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NFT gaming trends in 2023: Industry execs expect more big players to jump in

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From more gaming companies jumping in to the relevance of popular concepts, various industry pros shared their insights on upcoming NFT gaming trends.

Despite the bullying that gamers inflict on traditional gaming companies dipping their toes into nonfungible tokens (NFTs), executives working within the NFT gaming industry are hopeful that more traditional gaming firms will jump into the space this year.

From mainstream gaming companies jumping in, to the relevance of NFT gaming models like play-to-earn (P2E) and move-to-earn (M2E), various industry professionals shared their insights on NFT gaming trends in 2023.

Traditional gaming studio adoption ranked second in factors affecting the advance of blockchain gaming. Source: BGA report

Aleksander Larsen, the co-founder of Sky Mavis, the team behind the popular P2E game Axie Infinity, told Cointelegraph that it’s just a matter of time until more big players enter the space. However, Larsen also believes that these firms will hold off until they see a game generate billions in revenue.

Apart from game-focused studios, Larsen pointed out tech giants like Google being involved, mentioning how Google Cloud also runs a Ronin Network validator. “I'm excited to see big tech giants like Google and Microsoft get even deeper into the blockchain gaming industry,” he added.

Cast your vote now!

When asked about the relevance of P2E in 2023, the Sky Mavis executive admitted that the model is currently flawed. He explained that:

“As the pioneers behind the first play-2-earn game, I can say with confidence it does not work in its current state. Games need to be fun first with a solid economy backing, which can enable some players to earn.”

Zoe Wei, the senior business director at BNB Chain, echoed Larsen’s thoughts. According to the executive, further experimentation and analysis are necessary to make the token economies of most games sustainable.

“The focus was too strong on the earn mechanism and not enough on the enjoyability of games,” Wei said. Despite this, Wei still thinks that both P2E and M2E concepts will be relevant in 2023, though there needs to be more improvement.

Apart from the NFT gaming models, Wei also commented on the topic of traditional game producers coming into the space. Wei believes that blockchain technology and NFTs have "undeniable benefits" for game producers and gamers. “We have already seen countless gaming studios venture into web3 over the past year, and this is a trend that will continue into 2023,” Wei added.

Related: Final Fantasy creator reveals ‘aggressive investment’ in blockchain games

Meanwhile, Carlos Pereira, a partner at Bitkraft Ventures, a gaming-focused venture capital firm, is also convinced that there will be more gaming businesses coming in this year. He explained that:

“In 2022 we saw many funding rounds related to spin-off type projects from traditional US and Europe gaming businesses and we expect the trend to continue, with some high-profile public launches in 2023.”

Pereira also mentioned that while Asian gaming firms are more public in their crypto push, western firms are also swooping in, but are "being more cautious with their PR." Nevertheless, the executive believes that the trend will continue.

When asked about P2E, the executive argued that the initial iteration of the concept should get phased out. “We hope this first implementation of play-to-earn is buried for good,” he said. According to Pereira, such a concept makes no sense as a business model as it had no way to attract gamers who would pay to play.

In terms of other NFT gaming trends in 2023, Alex Altgausen, the co-founder of NFT game Banksters, said that community members in 2023 will have higher standards. According to Altgausen, 2021 and 2022 acted like filters, exposing NFT games that are only out to take advantage of users. He explained that:

“The era of anyone with a cute website and a game promise has ended.”

This means that 2023 will have NFT game investors that do not dive in easily and are able to check assets, product development, partnerships and media footprints before putting money into NFT games.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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