- Web3 gaming token’s value significantly increased in January 2023.
- Users can access digital services without depending on any centralized entity or actor, thanks to gaming tokens.
- One of the primary goals for the assets is to enable seamless cross-platform transactions.
According to recent findings by Delphi Digital, after the debut of various gaming tokens in the latter half of 2022, demand for such tokens saw a remarkable rise in the first few weeks of the new year.
As a result, the value of the tokens skyrocketed, with some achieving triple-digit growth almost immediately. At the same time, others also hit all-time highs within the first few weeks of the year, according to these findings.
Gaming Token Price Changes January 2023, Source: Delphi Digital
This newly discovered need is attributable to the rise of Web3, a new wave of digital services that promote decentralization, transparency, and trustlessness in various activities, according to the opinions of numerous experts. This development allows users to access digital services without being dependent on any centralized entity or actor.
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