The NFT Market Is Cold. Here Comes Skwell Enix

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In 2021, the concept of "NFT" was fired. However, according to the Wall Street Journal, the NFT market is "collapsing", and the sales of the whole market are down 92% compared with last September. Of course, the life of the digital cryptocurrency market has been difficult recently, and the market value of $200 billion has been evaporated. At this time, the famous Japanese publisher skwell Enix packaged and sold its western studio and IP, sharpening its knife and preparing to enter this collapsing market.

Recently, skwell Enix signed a sale agreement with embracer group, which plans to package and sell three studios crystal dynamics, Eidos Montreal and square Enix Montreal, as well as IP addresses such as "out of siege", "Tomb Raider", "thief" and "Kane's heritage". Why? "This transaction allows the company to enter into new investment business areas, including blockchain, AI and cloud services," schweill Enix was quoted as saying Before that, they also disclosed their strong interest in the NFT / blockchain market.

Recently, skwell Enix announced their intention to open a new studio (this time in Japan), and reiterated their determination to invest in the blockchain field .

This news combined with the news that the market value of digital cryptocurrency has fallen sharply in the past few weeks, the effect is almost full.

Some people describe NFT as a game of beating drums and passing flowers. The company first sells a line of code on the blockchain as a voucher for a digital asset. The buyer can hold it for a long time or resell it to the next speculator until no one takes the offer. This is not like the game you can play on steam, nor the skin you can use to show in the game. Many times, NFT represents only a GIF picture, and its value may be fired to tens of thousands of dollars. Some NFTs may be used as some kind of dividend certificate or combined with another popular concept "blockchain game", but more often, it is just a simple picture.

The Wall Street Journal was not polite to the wording of the market, directly saying that "the NFT market is collapsing". In addition to the 92% decline in sales, the number of active wallets has also decreased by 88% since November last year. In other words, as the interest of coin circle players in NFT decreases, it is no longer as easy as before to stir up NFT.

As the market cools, many NFT owners find that the long-term commitment to wait for appreciation is just a mirage. Some users spent $2.9 million to acquire assets during the NFT boom. Recently, the highest offer received when selling at a price of $5 million was only $3600. Finally, he can only change the price to 14000 US dollars, which is less than 0.5% of the value a year ago, and firmly believes that "people who buy at this price must earn more".

In the field of games, many manufacturers are eager to try in the field of NFT. In addition to skwell Enix, there are Ubisoft, Sega, team 17, change piadali, kelomei and Gamestop. Everyone wants to take a share in this field.

The value of NFT largely comes from the belief bonus. This foam will undoubtedly have some highs, but its lows are even more terrible. I just hope that the current tragedy of the digital cryptocurrency market can deter game manufacturers who want to get involved in this field. It's really not good to honestly make games and sell DLC. Even more internal purchase micro transactions are more fragrant than NFT.

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