Does the Grand Reception of the Swords of Blood Loot Box Sale Hint at a Strong NFT Comeback in 2023?

The much-awaited Swords of Blood Loot Box sale is now live with legendary in-game items, free SWDTKN tokens, gems, and in-game benefits. The NFT sale that was opened to the public on 1 June 2023 is rapidly selling out to the pleasant shock of the market, which has been largely lackluster over the last few months.

Does the meteoric progress of the Swords of Blood Loot Box Sale suggest that NFTs are back in the spotlight?

Or, is it specific to Swords of Blood and reflects the growing interest in the hack-n-slash RPG?

Here is an analysis.

The NFT Market Shows Signs of Maturation and Sustainable Growth

The NFT mania began and reached its peak in 2021. Global brands and celebrities were in a haste to jump on the NFT and metaverse bandwagon amid the frenzy. Needless to say, the hype was at the heart of the NFT revolution of 2021. Not innovation.

The long crypto winter of 2022, however, didn’t bode well for the market, which was flooded with characterless artworks and hollow collectibles by then. On the bright side, it flushed out many NFT collections from the market and went on to prove that flimsy assets don’t have a long shelf life.

Fast-forward to 2023, the market has entered a mature phase that is driven by utility more than hype. Projects have learned the hard way that just adding random images to the blockchain won’t do it. Practicality has taken over the fad. This is evident from the performance of NFT sales across different niches.

While in-game and in-app NFTs are performing well, NFT artwork and collectibles are on a decline. The meme coin mania of April and May, in particular, forced many traders to sell their large NFT holdings at a loss.

The rapid shift in the market is optimistic. It is headed toward the wider adoption of NFT assets across different industries, which can take advantage of the immutable nature of blockchain to bring more transparency into their transactions.

Gaming is one of the key industries that have benefitted from NFT integrations. The transfer of tokenized in-game assets, being recorded on the blockchain, are for anyone to see and verify. It mitigates the chances of theft and duplication that have long been weighing down the industry.

So, we are right to conclude that the Swords of Blood Loot Box Sale has profited from the recent shift in the market toward utility-rich assets. But there is more going on.

The Most-awaited Crypto RPG of 2023

Not all in-game assets are trending. Not all loot box sales have made headlines.

The success of the Swords of Blood Loot Box Sale has more to do with the excitement around the game and the fast-growing in-game community than the market shift.

The overwhelming traffic to the SWDTKN presale, especially in the last days leading up to the sell-out, hints at the community strength of the game.

https://twitter.com/SwordsofBlood_/status/1667340298710659075

Swords of Blood is an AAA-quality hack n slash RPG on Polygon, built on the framework of an award-winning title. Touted as the ultimate Diablo killer, it has drawn the attention of crypto and traditional gamers for the right reasons.

• Over 4M downloads on App Store and Play Store,
• 6M+ USD in revenue from in-app purchases,
• 4.8 out of 5-star average user ratings,
• Highly immersive 16-player Multiplayer PvP,
• Enjoy 60fps in 4k gaming experience (PC),
• Cross-play is enabled for mobile and PC,
• 250+ hours of campaign gameplay,
• Multiple asynchronous game modes are available.

Moreover, the project is run by veterans in game development, like CEO James Seaman, who has more than 35 years of experience in the industry. The team aims to bring more ease and engagement to the game by taking it to Web 3.0.

Can Founders Box Kindle an NFT Mania?

The craze around the Founders Box sale has reinvigorated the NFT market after a slumber. The loot boxes give holders sharp advantages in the hack n slash RPG. The number of Founders Box is limited to 5000, spread across three categories:

• BASIC EPIC FOUNDERS BOX
• MEDIUM LEGENDARY FOUNDERS BOX
• BIG LEGENDARY FOUNDERS BOX.

They are priced at $50, $100, and $200.

All boxes feature varying numbers of legendary items, gold, and gems that will come in handy in the game. The latter two contain SWDTKN tokens at the TGE price as well. (Check out the official announcement to learn more about each box and its competitive advantages.)

The rapid progress of the Loot Box Sale suggests that the event is not confined to the gaming community. Investors are stocking up on the boxes as well in anticipation of steep price hikes later this year. According to industry analysts, the price of each Founders Box can climb anywhere from 5X-10X toward the end of the year. But as speculative traders join the sale, it can go higher up to 25X, kindling a broader market NFT frenzy.

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