In a poll taken in the Philippines, 32 percent of respondents stated that if NFT games enabled them to work full-time, they would leave or contemplate leaving. “Not shocked by the findings,” said John Stefanidis, CEO of NFT gaming platform Balthazar.
A Filipino gamer, Jesus Dawal Jr., told Cointelegraph that the revenues from NFT games are now insufficient. “While blockchain gaming is without a doubt a revolutionary concept, I don’t believe it will be adequate to support me financially on its own,” Dawal remarked. He does say, though, that he’ll be ready to get in when the ecosystem matures more.
Luis Buenaventura, country manager of blockchain gaming group YGG Pilipinas, believes that there is clearly a trend of individuals resigning to go full-time. “For better or worse, the trend of individuals abandoning their jobs for P2E is definitely picking up,” he told Cointelegraph when questioned about the matter.
However, the blockchain gaming executive points out that crypto chances are growing in popularity alongside blockchain gaming. “It’s just as probable that individuals are discovering alternate income prospects in crypto in general, rather than simply P2E,” he added.
NFT gaming earned over $2 billion in revenue in the third quarter of 2021, according to a study by the Blockchain Gaming Alliance (BGA). According to the BGA, this accounts for 22% of NFT trading volume.
The blockchain gaming community has shown an altruistic side in addition to collecting cash. When a major typhoon struck the Philippines last year, affecting 4 million people, blockchain gamers led by YGG launched a fundraising campaign that raised over $1.4 million to aid the victims.
Bitcoin price today is $40,837.36 with a 24-hour trading volume of $27,654,358,304. BTC’s price is up 1.2% in the last 24 hours. It has a circulating supply of 19 Million BTC coins and a total supply of 21 Million. If you are looking to buy or sell Bitcoin, Binance is currently the most active exchange.