NFTs, Blockchain Games, DeFi, Bubbles, HIVE - something big is coming

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Initially I was going to try comparing NFTs to Cryptocurrencies, then I figured it would be a flaw to do so, because just because they are slightly different, doesn't take away the fact that they run in the same space and attributes the same model.

Defi, Games, NFTs, a list of few things the world could not have thought would hit any atom of relevance, but here we are. The gaming industry has taken quite a huge turn, if only the world prior game builders knew how hugely crypto integrated games would be fancied, we'd probably have millionaires in all popular PPSPP games. Those collections are one of the most widely played games in the world, and with the way games are now viewed from a blockchain powered angle, those babies would have cost a fortune.


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The chart above shows the trend movement of which space had the most active wallets, DEFI has been a killer in inflow of cash all round, but NFTs and blockchain games have become a competitor in that area.

"August 2021 was an important month for the industry. Record trading volumes confirmed that this is the summer of NFTs, whilst some collections have surpassed $1 billion in market cap. The surge of play-to-earn games continues as certain gaming dapps contribute to the increased usage of blockchain dapps. Finally, the Decentralized Finance (DeFi) race gets more interesting as three important blockchains are becoming relevant within this space."

August to me feels like a month not everyone paid great attention to what was going on. NFTs weren't so much of a hype anymore compared to the past $60 million sale which broke the internet, even though a great deal of cash was flowing to the industry, I do not actually think it was so strong as the back days from attention given

The dapp industry registered more than 2 million daily unique wallets during August, an 18.14% increase from the previous month and an 883% increase year-over-year.
BSC continues to be among the most used networks in the entire industry with over 1 million unique active wallets, the network is being driven by the play-to-earn paradigm as of lately.
The NFT space exploded in August surpassing $14.27 billion in market cap.
Axie Infinity and OpenSea ($355 million and $78 million respectively) generated $433 million in revenues during August alone, collectively representing 87% of Ethereum’s total revenue.
The DeFi ecosystem’s TVL reached $142 billion where 68% of it still concentrated on the Ethereum network. Avalanche and Solana made a solid entry with more than $5 billion locked.
The usage in Ethereum is shifting towards NFTs, DeFi’s unique active user wallets decreased by 17% whilst unique users interacting with NFTs increased by 202%reference


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This got me rethinking my stance on Avalanche, however, a lot of this cash inflow has seen its settlement on NFTs, with CryptoPunks taking the lead on this one, valuation at 36.32% of the NFTs market cap of $14.27 billion. The figures are interesting, most of the FUDs however use these metrics to run up on the industry. The saying that "whatever goes up must come down" keeps getting spreaded. NFTs to many is a bubble, a highly speculative bubble, this has been the headlines of many skeptical investors and non investors.

That said, the trading of digital images may appear to be a crazy ass shit, but as I've always said, investing in NFTs needs diligence in research, it's about knowing a company's valuation and its ability to deliver in the long run. Let's say Google suddenly decides to launch an NFT of their logo, that would sell for millions of dollars if not billions. For a company as huge as that, it remains that people trust its valuation to keep increasing, in coming years, for a company with much more stuff going on, an NFT bought far back would be a win, because demand would forever remain. Another key to note is how scarce the said NFTs are. But however, with all this, where does HIVE Come in?


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The Influence Of Blockchain Games

Hive, a blockchain with high-speed and low-fee transactions, is now amongst the most used protocols and presents the second-biggest increase in terms of adoption. Over 224,000 unique wallets connect to the Hive blockchain, an impressive 459% increase from the previous month. This, mostly in part thanks to the massive rise of Splinterlands, another play-to-earn dapp that has seen massive usage spikes.
quoted fromDappRadar

@splinterlands has actually pulled in some great numbers to the Hive blockchain, this was unexpected, even myself, as though I'm not a game freak, it took me unaware. @dalz had made a very interesting post about what has been going on in Splinterlands for August, and I think that's worth a read. The influence caused by the game pulled in lots of Hive sign ups via @steemmonsters(if I'm not mistaken) and these numbers pushed the Hive blockchain active wallets up the charts as the polygon and Ethereum network hovered and fell slightly below.

To me, this "speculative bubble" as the no coiners see it, is moving slowly to becoming a quadrillion valued industry. It's not always about which sector is doing the most at the end, but more about what valuation is the entire industry. Crypto and blockchain technology is seeing rapid growth, the figures are there, the numbers keep going up, the proof is public, everyone can see it, blockchain enhances that. I believe it's just enough to understand what's going on, this is way too big to fold up tomorrow, something big is coming…!

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I have been seeing the same thing and am excited about Hive's new uptrend seemingly because of blockchain gaming and NFTs, both of which Splinterlands blasted the doors wide open for the spill over from ETH and the NFT market there to start coming in.

Have you seen @nftshowroom has a token that is not populated yet? I am excited about that one. Some other NFT tokens popping up on Hive Engine!

Thanks for putting this information out there!

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It was a pleasure writing this.

What's the tokens name? Just scrolled down @nftshowroom blog, it's Kinda difficult to find.

Maybe a direct link to its introduction and tokenomics would help.

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(Edited)

They are not talking about it but is listed on dappradar as private but when I buy NFTC and NFTG tokens on Hive Engine, the dappradar site shows my purchase going towards nftshowroom. So it is very interesting...

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That's cool, more to look into, great.

Quick question, I just noticed your account name and also, your activities, it's appears that SPT is stakable on Hive-engine so it most definitely works like Hive in terms of curations. So now, the question is, is there some kinda frontend, if not, then how is curation done and what specific tags generates the rewards?

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I placed a bet on spt at the right time. I am just an individual. Yes, spt is stakeable. Curation rewards are in a awkward spot due to integrations with splintertalk.io that I suspect might be further cleared up this with this week's ama or an announcement before. spt is in limited supply it seems and could possibly do what hive is doing right now. We will see. NFT marketplace and upcoming diesel pools for sps/spt or spt/sps on Splintertalk.io

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Just imagine all of these new users finding out about risingstar game...
Or dcity, or dcrops, or oceanplanet, or cryptobrewmaster, or hashkings, or exode...
Wow thats a many games that could see crazy growth.

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Yeah, I can feel it.

As for NFTs do you think that will be after the pending crypto bear or during?

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