NFT gaming trends in 2023: Industry execs expect more big players to jump in

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Meanwhile, Carlos Pereira, a partner at Bitkraft Ventures, a gaming-focused venture capital firm, is also convinced that there will be more gaming businesses coming in this year. He explained that:

“In 2022 we saw many funding rounds related to spin-off type projects from traditional US and Europe gaming businesses and we expect the trend to continue, with some high-profile public launches in 2023.”

Pereira also mentioned that while Asian gaming firms are more public in their crypto push, western firms are also swooping in, but are “being more cautious with their PR.” Nevertheless, the executive believes that the trend will continue.

When asked about P2E, the executive argued that the initial iteration of the concept should get phased out. “We hope this first implementation of play-to-earn is buried for good,” he said. According to Pereira, such a concept makes no sense as a business model as it had no way to attract gamers who would pay to play.

In terms of other NFT gaming trends in 2023, Alex Altgausen, the co-founder of NFT game Banksters, said that community members in 2023 will have higher standards. According to Altgausen, 2021 and 2022 acted like filters, exposing NFT games that are only out to take advantage of users. He explained that:

“The era of anyone with a cute website and a game promise has ended.”

This means that 2023 will have NFT game investors that do not dive in easily and are able to check assets, product development, partnerships and media footprints before putting money into NFT games.