The NFT bubble It looks like it exploded destroying everything in its path. What last year 2021 and especially 2020 was one of the digital economic strategies of the future, today is a graph that does not stop lessen week after week. The market is experiencing a notable decline fueled by the loss of value of these same NFTs. A vicious circle where it is not sold at a good price and therefore its value decreases, which undermines the foundations of this market.
But what about the game development studios that have thrown themselves headlong into this “fad”? What is certain is that Ubisoft softened its tone in the face of Quartz’s slippage by canceling all Ghost Recon: Breakpoint content and thus ending its NFTs, although that won’t mean an end to those tokens from the Gauls. On another side, Square-Enix is in the eye of many due to the recent sale of licenses such as Tomb Raider in order to invest in NFTs.
The truth is, it looks like the Japanese aren’t getting off the boat even with the situation hanging by a thread, and a far cry from the statement of intent two weeks ago about NFT investing, the success of their first NFT game gives them the best reason not to. That same year, The sandboxan NFT project based on the block chain which saw its first stone laid in 2012 with a very basic mobile version — then one for PC in August 2018 —, will release its console version in good numbers on its PC version of the same name. East NFT Project has been in the air for a decade and Square Enix led the seed funding round in 2019 with an investment of $2 millionfollowed by minor participations.
Although this version of the consoles was going to see the light of day the next May 15There’s still no confirmed date and it may be delayed, but this first quarter Pixowl title hit a peak of 2 million users on PC at the same time it launched its Alpha Season 2 release. The title is far from brand new a full release, but that deal with Square Enix was followed by deals with brands such as The Walking Dead or Snoop Doog himself; in addition to signing with companies such as B Cryptos and True Global Ventures, two major international finance companies that also have their share of the pie reserved with millionaire investments.
However, and although this The Sandbox is a project that has been simmering for years, the current situation of the NFT has seen its result in the title itself. If we look at CaptainAltcoin data, SAND price, in-game transaction currency, fell slightly, and according to estimates, it will maintain its decline in the following months. This will result in a price increase of the game itself based on the increase in their NFTs.
The situation, far from being favorable, has generated enormous doubts about the decisions of Square Enix and Yosuke Matsuda, its CEO, in the face of the company future. At the moment this seems to be the first NFT title produced by one of the big developers while Electronic Arts has yet to jump in the pool with no project especially.