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

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

NFT gaming trends in 2023: Industry execs expect more big players to jump in
Traditional gaming studio adoption ranked 2nd in factors affecting the advance of blockchain gaming. Source: BGA report Aleksander Larsen,

the co-founder of Sky Mavis, the group behind the popular P2E video game Axie Infinity, told Pandoraland that it’s simply a matter of time up until more big gamers get in the space. Nevertheless, Larsen also believes that these companies will hold off till they see a video game produce billions in revenue. Apart from game-focused studios, Larsen mentioned tech giants like Google being included, mentioning how Google Cloud likewise runs a Ronin Network validator.”I’m thrilled to see big tech giants like Google and Microsoft get even deeper into the blockchain video gaming industry,”he added. Cast your vote now!When inquired about the relevance of P2E in 2023, the Sky Mavis executive admitted that the design is currently flawed. He described that:”As the pioneers behind the first play-2-earn game, I can state with confidence it does not operate in its existing state. Games need to be enjoyable initially with a strong economy support, which can enable some gamers to make.” Zoe Wei, the senior organization director at BNB Chain, echoed Larsen

‘s ideas. According to the executive, further experimentation and analysis are needed to make the token economies of a lot of games sustainable. “The focus was too strong on the make system and not

enough on the enjoyability of games,” Wei said. Regardless of this, Wei still believes 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 discussed the subject

of standard game producers entering the area. Wei believes that blockchain innovation and NFTs have”indisputable benefits”for video game producers and players.” We have already seen numerous video gaming studios endeavor into web3 over the past year, and this is a trend that will continue into 2023,”Wei included. Related: Final Fantasy creator reveals’aggressive investment ‘in blockchain video games On The Other Hand, Carlos Pereira, a partner at Bitkraft Ventures, a gaming-focused equity capital company, is also convinced that there will be more video gaming companies can be found in this year. He described that:”In 2022 we saw numerous funding rounds related to spin-off type jobs from conventional US and Europe gaming companies and we expect the trend to continue, with some high-profile public launches in 2023.”Pereira likewise pointed out that while Asian gaming firms are more public in their crypto push, western companies are likewise swooping in, but are”

being more careful with their PR.”Nonetheless, the executive thinks that the pattern will continue. When inquired about P2E, the executive argued that the preliminary iteration of the idea ought to get phased out.”We hope this very first execution of play-to-earn is buried for excellent,”he said. According to Pereira, such an idea makes no sense as a service design as it had no other way to draw in players who would pay to play. In regards to other NFT gaming trends in 2023, Alex Altgausen, the co-founder of NFT game Banksters, stated that community members in 2023 will have greater standards. According to Altgausen, 2021 and 2022 acted like filters, exposing NFT games that are only out to make the most of users. He explained that:”The era of anybody with an adorable site and a game promise has ended.” This means that 2023 will have NFT game investors that do not dive in easily and have the ability to inspect assets, item advancement, partnerships and media footprints before putting cash into NFT video games.