TL;DR
Full Story
“It’s onerous to get folks to pay for one thing they’re used to getting without spending a dime”
— MKBHD, 2023 AD.
This has been considered one of web3 gaming’s largest sticking factors.
Certain, we’re used to paying for video games — however not each time we acquire an in-game NFT-based merchandise, and positively not on a sliding scale of value…
Trigger (ICYMI), within the final bull run (when NFTs first reared their head), many of the buying and selling exercise was happening on the Ethereum community. Which, on the time, was seeing transaction charges starting from $10, to $7k — to as excessive as $44k.
(Seriously).
However with the appearance of low-cost Ethereum layer 2 chains and now sensible wallets — the fee is so low that gaming firms will capable of subsidize any transaction prices.
Which suggests gamers will now be capable to:
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Accumulate gadgets without spending a dime
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Promote them within the in-game market (benefiting from a recreation they love)
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Whereas recreation makers can take royalty cuts from {the marketplace}’s gross sales (producing a brand new type of recurring income)
The takeaway:
Nobody is as bullish on sensible wallets as they need to be.