Without banging the drum too much, blockchain games performed exceptionally well this year. Nobody believed that projects like Axie Infinity, Decentraland, The Sandbox, Gala, and Enjin would make it into the top 100 cryptos at first, except for many investors who regularly buy altcoins.
However, if you analyse the progression of the following components, it may have been predicted:
NFTs are evolving in the same way as Pokémon are.
Despite the NFT surge at the start of the year, many individuals expressed scepticism with the emerging crypto market investment and were unsure of their true function. At first sight, they appeared to be nothing more than fancy and incredibly costly JPEGs that you might use as a profile picture on social media. The first NFT craze, on the other hand, brought with it a slew of NFTs as a phenomenon, demonstrating their importance in terms of the environment.
Let's look at NFT from the standpoint of their original goal: collecting. Consider the following scenario: You have a cool-looking figurine of a favourite character on your shelf. It's worth is determined not only by the money you paid for the item, but also by its continual potential to be eye candy. Furthermore, you may interact with it by touching it, playing board games with it, and moving it from one location to another. NFTs are similar to collectibles, however they exist in a digital context.
Play-to- Earnings Features Have Been Found to Be Beneficial
Although value is subjective, there are always reasons for it. The value of NFTs should not be determined only by the fact that they are non-fungible tokens. Blockchain is only a technology that allows you to save wealth; it should not be used to store value.
In light of the foregoing, NFTs are only useful within the context of the environment. An NFT from the Enjin ecosystem, for example, is useful in games that support Enjin since it may be utilised in-game. As a result, the value is generated from the environment rather than the other way around.
The environment, on the other hand, also bears the burden of creating value. In the conventional gaming business, the major focus of a player's enjoyment is gameplay, aesthetics, and plot. The focus in the blockchain gaming business has turned to leveraging an in-game economy to acquire tokens that can then be traded for real money.
Why You Should Care
With all mentioned above in mind, I believe crypto games are in their prime. They are increasing in value as a result of a series of fortunate events in the crypto world, as well as the natural progression of blockchain technology. When people get accustomed to play-to-earn features, however, the focus will move back to the best quality gameplay and aesthetics. In the foreseeable future, the quality bar will be raised tremendously. As a result, only the greatest will survive.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards