The world has witnessed a lot of products that have stood the test of time. Jump.trade is a no different situation. It might not, therefore, be easily possible to predict if something will last only for the moment or will create a long living legacy. But, with Jump.trade NFTs we aim only at creating history together as a community. Hence, check out what Meta Cricket League is all about. 

Why Are NFTs Making A Difference:

Non Fungible tokens or NFTs as they are commonly abbreviated stand at this exact juncture right now! They might seem as if they are at the far end of their glory days but this is the exact point of inflection that will prove that NFTs have long-term potential. This calls us to inspect if NFTs are a short-term fad or if they have long-term potential!

As per mainstream schools of judgement, something that sharply raises in its consumption to form a steep slope and rapidly falls down is considered to be a fad. It might be very easy for anyone to push anything that matches this pattern into this territory of judgement because anything that is new will have a serious spike in its consumption. iPhone and Tesla, are prominent examples.

However, we will need to look at the way in which its consumption patterns vary and also the way in which it is shaping up in response to the market fluctuations.

Looking at the enormous price rise, a lot of gullible buyers ended up buying these NFTs only to find out that they did not have the right utility or the resale value. Such people who spent hundreds if not thousands of dollars in “investing” in these NFTs have named it a fad.

Most of these fad NFTs belong to either generative art or the ones which do not have artistic value but promised great returns with a lofty roadmap. This pushed a lot of people into buying these NFTs because all they wanted was just a flip.

If you, however, look at the potential of NFTs and the ways in which they have been constructively exploited by imaginative and yet realistic projects like P2E games, it is quite easy to say that NFTs are built for the long-term and they have great potential in not only revolutionizing collectibles and games but the entire perspective of a lot of things. 

Come to think of it, NFTs represent the finest convergence between the authenticity of the traditional and the flexibility of the modern. They are a confluence of the provenance of the physical and the convenience of the digital. Even without games and art, NFTs have a lot of potential in different areas including but not limited to employment, education, property management, and even event tickets.

The Gaming Arena Into NFT:

Highlighting the world of gaming, which is one of the most lucrative territories for NFTs. Unlike art, a lot of NFT games provide NFTs with tangible utility. You can use the assets that you have purchased as NFTs in the game, ensuring that they give you some kind of benefit through either enhanced gameplay or through visual appeal enhancement.

As if this was not enough, NFTs have also opened up avenues for avid and enthusiastic gamers to literally capitalize on the time and money that they spend. Thanks to the introduction of P2E games, users can now monetize every moment they spend in the game.

With the introduction of such an equation, NFTs have, forever, changed the way people looked at them. A few games have already pushed a lot of Southeast Asian countries like the Philippines, Vietnam, and Thailand to look at such P2E games as the primary source of income.

When you combine the concept of P2E with a game like cricket which is one of the most powerful emotions unifying a populous country like India, we are standing in front of a massive transformation. When a country that accounts for about a seventh of the global population agrees that NFT is not just a passing fad but they have not just a utility but the potential to create an alternative stream of income, the world recognizes that NFTs are not for the short term but for the long term… And that too, with the potential to transform time and effort into money!