The Transformation of the PFP Market: Gameta Creates a New Era for NFTs

Recently, after Azuki became embroiled in controversy due to its new series Elementals, the PFP NFT market has suffered a severe blow. Not only has Azuki's floor price plummeted significantly, but the entire "blue-chip NFT" sector is also facing a dual blow to both prices and reputation. This marks the official retreat of PFP projects that lack practical application scenarios, as the so-called "blue-chip NFTs" like "Bored Apes" have completed their phase mission.

However, crises often contain opportunities. The end of the old PFP narrative provides a chance to open new directions for the NFT sector. Future NFT projects will focus more on practical application scenarios and large-scale implementation.

During the previous bull market, a large amount of capital flowed into the NFT space, giving rise to top "blue-chip NFT" projects like Bored Ape and Azuki. These projects became playgrounds for seasoned players and whales in the crypto community, with prices often reaching dozens or even hundreds of ETH. Essentially, this wave of NFT enthusiasm is more of an intangible refuge, lacking practical applications.

Gameta has been committed to realizing the vision of "the people's version of Bored Ape." It collaborates with game developers to provide ordinary users with blockchain wallets, NFT empowerment, social services, and more through hyper-casual games. Players can familiarize themselves with the Web3 world in Web3 games similar to ordinary casual games and share the dividends of Web3 development through mechanisms such as IP assets and NFT games.

Gameta is not just a "Web3 version of Steam"; it is essentially a low-threshold service platform aimed at the general public. Through the democratization of NFTs, Gameta aims to bring more incremental users into the Web3 world and create a pan-entertainment platform similar to a "Web3 Disney."

Gameta chooses hyper-casual games as an entry point. Although these games have simple graphics and easy-to-understand rules, they possess strong appeal and low difficulty in getting started. By creating an NFT gaming entertainment matrix composed of multiple hyper-casual games, Gameta enhances user engagement.

In this ecosystem, NFTs are no longer just simple collectibles, but game assets with real value and composability. Users can achieve long-term stable returns in the Gameta ecosystem while bringing more Web2 users into the Web3 world.

Gameta has launched multiple casual games, with the number of users exceeding 8 million. Its products rank first in terms of activity among entertainment and gaming products on the BNB Chain, accounting for over 27% of active users in this category.

To achieve large-scale adoption of Web3, Gameta has deeply integrated Particle Network's technology, simplifying the user login and wallet usage processes. Users can directly access Web3 products using common Web2 login methods, greatly enhancing the experience and conversion rate for new users.

Gameta has a team with extensive experience in casual game development and publishing. Its launched NFT social parkour game Hippo Dash achieved significant results during the open beta, ranking high in the Google Play game charts in several Southeast Asian countries.

As the most popular game on the BNB Chain, Gameta has received investment support from several well-known institutions, including Binance Labs. In the context of the current challenges facing the NFT market, Gameta offers a new idea that combines NFTs with practical application scenarios, and is expected to become a new starting point for a paradigm shift in the NFT field.