NFT’s Darkest Hour: Can These 24 Positive Developments Boost the Market?

24 Positive Developments to Boost NFT Market

Author: Jonah, Partner of Game Fund Blockingrtners; Compilation: Odaily Star Daily

NFT is currently in its darkest hour.

With the Azuki incident continuing to ferment and community complaints, many long-term holders are selling, dumping, and fleeing, further trampling on market sentiment and discussing the stagnation and lack of innovation of PFP NFT. While the entire Azuki series is falling, other NFT prices are also not immune. On Monday, many blue-chip projects hit recent lows, and although they rebounded slightly today as market leverage decreased, the overall situation is still not optimistic.

However, at such a cold time in the market, some NFT projects are still maintaining their own development rhythm and striving to deliver their plans 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 may help NFTs pave the way to the next stage.

• Azuki “Bringing Collapse” NFT Market, taking stock of bad debt caused by NFT lending protocols.
• An Explanation of Bitcoin L2 Stacks: Creating Smart Contracts on Bitcoin
• BlackRock resubmits Bitcoin spot ETF application, designates Coinbase as monitoring partner

Jonah, partner of Game Fund Blockingrtners, has compiled these few positive developments for us. The following is the content of his tweet, compiled by Odaily Star Daily (for compilation presentation only, not representing the views of this site).

1. Yuga Labs launched a new game “NHV-MTL Forge”. Although this is not an epic masterpiece, it is still worthy of recognition. Some users like their small games.

2. Azuki demonstrated their animation production capabilities. Now they also have money to do some real content.

• Odaily Star Daily Note: I dare not agree with this point…

3. Pudgy Penguins performed well in royalties and peripheral toys, and they are about to hold a comic exhibition.

4. OhBabyGames made a very cool racing game, which I played myself and was very fun.

5. InfiniGods, Blockingrallel and some other projects will have big moves this summer.

• Odaily Star Daily Note: InfiniGods has developed InfiniMerge, a casual puzzle game based on Greek mythology; BlockingParallel is a card battle game similar to Hearthstone, which was valued at $500 million in 2021 and received a $50 million investment from Blockingradigm.

6. Xai will launch Layer 3 based on Arbitrum and launch a game ecosystem.

7. I learned that Limit Break (developed by DigiDaigaku) is doing something really cool.

• Odaily Star Daily Note: The latest news from Limit Break is the launch of a chain-executable on-chain programmable royalty new standard ERC 721-C, but unsure if that’s what Jonah is referring to.

8. 9 VRSE Studio is exploring the combination of NFTs with 3D animation and AI software.

9. Ronin Network has launched some new games that are not based on Axie Infinity, and I think these games are pretty good.

10. The Rabbit Hole has launched on the Epic Games Store.

• Odaily Star Daily Note: The Rabbit Hole is a Web3 game developed by independent animation technology company AMGI Studios, in which Meta CEO Zuckerberg plays the main villain.

11. Nike’s NFT platform .SWOOSH has partnered with Fortnite and launched an event island called Airphoria in the game, with a large number of players participating in the event.

12. Ryan Wyatt (President of Polygon) did something crazy in Washington (in terms of compliance), and Polygon is friendly to some new entrants.

13. On 1 Force and other projects are also exploring cooperation with Fortnite.

14. MOBA game WILDCARD has launched testing.

• Odaily Star Daily Note: Last June, its developer The Wildcard Alliance completed a $46 million Series A financing round, led by Blockingradigm, with participation from Griffin Gaming Partners, Polygon and others.

15. DeGods held some offline events with some holders, which were very popular.

16. Doodles has acquired a real animation company and is working on creating.

• Odaily Star Planet 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 yet been disclosed.

17. Futureverse has merged multiple companies to build a collaborative ecosystem.

18. KanBlockingi is doing some real Web2 content around MMA (mixed martial arts)

19. Forgotten Runes Wizard’s Cult is developing a game and has a demo to show.

20. Pixel Vault has a new tech product. I secretly checked out their animation project and it’s really cool art.

21. Opepen is becoming more and more fanatical.

22. Rug Radio has partnered with MetaMask.

23. BoDoggos is making Solana NFTs fun again.

24. Multiple Web3 games are still being developed using previously raised funds.

Everything will be better, even if it’s not today … it will be better at some point.

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