The End of the PFP Era, Gameta Begins a New Era of NFT

After the controversy sparked by Azuki's new series Elementals, the PFP NFT market has suffered a heavy blow. The floor price of Azuki has halved, and the entire "blue-chip NFT" sector has seen both price and reputation collapse. This marks the official retreat of PFPs lacking practical application scenarios, and the so-called "blue-chip NFTs" like "Bored Apes" have completed their historical mission for this phase.

However, crises also breed opportunities. The end of the old PFP narrative provides an opportunity for the transformation of the NFT track, beginning to develop towards a direction supported by practical application scenarios and achieving large-scale applications.

During the last bull market, a large amount of capital flowed into the NFT sector, giving rise to top "blue-chip NFTs" like Bored Ape and Azuki. This made NFTs a game for insiders in the crypto circle, with high prices and the notion that "the uglier, the more valuable." Essentially, this wave of NFTs to this day is more of an intangible speculation, lacking practical applications.

The decline of PFP means that NFTs need to find more practical application scenarios in order to achieve healthy and sustainable development. Gameta has been committed to realizing the vision of "Commoners' Bored Apes": by collaborating with game developers, providing a low-threshold platform, and leveraging hyper-casual games to offer blockchain wallets, NFT empowerment, social services, and more for ordinary players.

Gameta's goal is to serve a broader group of internet users and create a泛娱乐平台 similar to "Web3 Disney", building a self-circulating NFT game entertainment matrix. It chooses to start from grassroots users, targeting Web2 internet users as an incremental user pool.

To attract users, Gameta has chosen ultra-casual games as an entry point. These types of games are simple and easy to pick up, making it very easy for players to get "hooked". At the same time, a matrix of multiple mini-games can enhance user stickiness. Through mechanisms such as NFT rewards, Gameta hopes to combine games, entertainment, and NFTs into an organic ecosystem, driving NFTs into the 2.0 era.

Gameta has adopted the strategy of "surrounding the cities from the countryside," starting from the grassroots level and capturing the huge incremental group of Web2 users. It provides a new solution for the mass application of NFTs, choosing to build for the grassroots users in the "majority."

Currently, Gameta has launched multiple casual games, with over 8 million users, ranking first in activity on the BNB Chain. To achieve a seamless user experience, Gameta has integrated Particle Network's login and wallet middleware, allowing Web2 users to directly access Web3 products using traditional login methods.

Gameta has an experienced game development team, and its NFT game Hippo Dash has performed remarkably well in the Southeast Asian region. In addition, Gameta has deep ties with BNB Chain and Binance, having been selected for the BNB Chain Accelerator Program and received investment from Binance Labs.

Against the backdrop of the current slump in the NFT market, Gameta offers a new idea that combines NFTs with gaming and other application scenarios, which is expected to become a new starting point for NFTs to achieve a "paradigm shift."