WAX

WAX co-founder William Quigley told Cointelegraph that despite the bear market, NFT technology remains promising.

“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley.

Data shows blockchain-based gaming protocols registered a steady uptick in daily active users and transactions despite the current bear market conditions.

“We believe strongly that there will be some element of play-to-earn or play-and-earn in most games within the next few years,” said WAX executive Michael Rubinelli.

Play-to-earn gaming is set to explode now that projects are using Ethereum competitor blockchains and cross-chain bridges to avoid high fees. Here are a few that could shine in 2022.

FLUF World and Snoop Dogg give back to Auckland charity, Adidas Originals and Prada call on fans to contribute to NFT project, UNICEF celebrates 75 years with an NFT collection and WAX to carry out largest NFT airdrop.

WAXP price appears to be gaining strength after the NFT-focused project introduced staking, yield farming and partnerships with companies that offer pop culture collectibles.

Previously dormant altcoins are suddenly erupting, and it's not very clear why.