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Technologies and “solutions” abound, like blockchain, AI, crypto, NFT trading, virtual and augmented reality, play-to-earn, Web3 and cloud computing. They attract rampant financial speculation, leading to esports-like bubbles that must inevitably deflate. Like esports, it is the focus of unwise speculation and hype.
What are blockchain technology and NFT? In order to comprehend NFT better, let us first take a step back and understand blockchain technology. This technology decentralizes data storage for transactions, as well as the ownership of NFTs. Ethereum is the oldest and best blockchain for NFT creation.
The most active sectors by value were technology (24 percent), followed by mobile and esports (19 percent each), mobile cloud gaming (18 percent) and console / PC (15 percent). Other companies that attracted investment include esports production company Nodwin Gaming ($28 million), mobile MMO developer Madngine ($22.5
Although it goes against the “blockchain technology to the end” perspective, it is definitely a sound judgment on their side to have a larger market reach. Another example of changing priorities and consolidating resources can be seen in the partnership between Polygon and IMX.
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