Game7 DAO’s web3 gaming annual report tells that 95% of game developers have their game’s assets on chain but their game’s logic off chain
Are gaming NFTs a scam?
According to a recent report by Game7 (a prominent decentralized organization with the brightest minds in web3 gaming), 95% of game developers host their game assets on chain but their game logic off chain. This report prompts the question: is gaming NFTs a scam?
Gaming NFTs are referred to as the practical representation of game assets on chain, but the report by Game7 DAO proves that these NFTs may be nothing except a medium through which game developers earn revenue and call attention.
Gaming NFTs as advertised, are meant to be the exact representation of in-game assets, but on the blockchain. With the turn out of things in web3 gaming; having these NFTs as ordinary graphics on chain, will the situation give web3 gaming a bad image?