forkast.news
One in three gamers among 1,103 respondents based in the Philippines is willing to quit or will consider resigning from their professional positions to play non-fungible token (NFT) games full time, according to a survey conducted by NFT gaming platform Balthazar.
See related article: Top NFT game Axie Infinity generated $1.3B in revenue last year
Fast facts
- Among the respondents, 59% of gamers said they would prefer to play NFT games as their primary full-time jobs, while holding on to side gigs.
- “We believe that play-to-earn games will be the biggest disruptor in the crypto space this year, as well as the video game industry, as more gaming companies, crypto holders and traditional investors are investing in the space,” John Stefanidis, CEO of Balthazar, said in a statement shared with Forkast.
- NFT game demand soared last year with the rise of Axie Infinity, which became a popular source of primary income for gamers in the Philippines whose earnings were affected by the Covid-19 pandemic.
- While NFT games are providing reliable income streams for some gamers, 69% of respondents said the NFTs required to join games were out of their price range.
- Axie Infinity is preparing a free-to-play shift in Q1 of 2022 to onboard more players, while the game’s monthly sales volume in February dropped below US$100 million for the first time since May last year, according to CryptoSlam data.
See related article: NFTs may be the next killer app for video games, but some traditional players object