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Sales volume on NFT marketplaces keeps falling as well as the value of top-selling tokens drops significantly.

John Leighy explained what NFTs are, clarified how the technology works, and spoke about the use cases of NFTs.

Instead, the company intends to use the money to develop and enhance its own gaming IP.

Avatars for Ukraine, the charity NFT initiative, has raised $25,000 in an auction. 100% of the funds will go towards supporting medical aid for Ukraine.

A group of video game industry professionals created the new initiative named Avatars for Ukraine. The charity NFT collection will be released on May 19, 2022, and will feature a number of artworks from over 50 digital artists from both games and movie industries.

Interest in NFTs is also gradually decreasing falling by 80% since its peak in January.

Five developers of games with tokenomics have discussed the past, present, and future of blockchain-powered games, shared their ways of dealing with industry-related issues, and answered some burning questions regarding the topic.

He also believes in the concept of 'play to own' and would like to sell his Animal Crossing island.

The recent survey issued by Activision Blizzard gauged players' interest in "play-to-earn gaming" including cryptocurrency, NFTs, and real currency, while Blizzard's president said that the company would not launch NFTs.