did the pandemic kill the nft gaming industry?

in #technology2 years ago

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The COVID-19 pandemic had a significant impact on the global economy, and the NFT gaming industry was not immune to its effects. However, it's important to note that the impact of the pandemic on the NFT gaming industry varied depending on the specific sector within the industry.

On one hand, the increased amount of time people spent at home due to lockdowns and other pandemic-related restrictions led to a surge in gaming activity, which in turn boosted the NFT gaming industry. For example, NFT-powered games such as Axie Infinity and Splinterlands saw a significant increase in player engagement and revenue.

On the other hand, the pandemic also led to a slowdown in the development and launch of new NFT games and platforms due to the challenges posed by remote work and other pandemic-related constraints. Additionally, the uncertainty and instability caused by the pandemic may have deterred some investors from entering the NFT gaming market.

In conclusion, the COVID-19 pandemic had a mixed impact on the NFT gaming industry, but overall, it seems to have had a positive effect on the sector.

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