Trends and opportunities of the GameFi industry
The Crypto Industry is Betting Big on the GameFi Industry. Discover current trends and opportunities of the GameFi Industry.
There are around 5 million gamers in the Web3 world. This number seems small in comparison to 2.5 billion online gamers in the traditional Web 2.0 world. However, Web3 has a lot of incentives for gamers and developers and they are serving as drivers for the growth of the number of Web3 gamers. Web3 games are still behind the usual games in terms of gaming experience, but this is already changing, and if GameFi is part of that, then there is a huge potential for both the GameFi and the Web3 gaming industry.
Daily # of users per blockchain usage category
3 out of 4 buyers worldwide are becoming members of crypto and the blockchain movement due to GameFi, and 68% got involved in the last 12 months. 58% of buyers worldwide acknowledged that "Poor In-game Economic system Design" is the primary reason of declining GameFi earnings, and 73% of the respondents withdrew their GameFi investments because they're afraid of Ponzi schemes, and pyramid schemes initiatives. 81% of GameFi investors prioritize the fun factor over earnings when it comes to future GameFi projects. GameFi will still need an "Earn" factor, but future GameFi projects should focus more on improving game quality. The whole point behind video gaming, be it GameFi or traditional gaming, is to create positive experiences first.
The future of the GameFi industry
A new P2E game economy is being developed today. This means that new well-functioning marketplaces with an in-game currency and open standards for game material must be created. All of this infrastructure will be based on barious blockchains, which offer economic building blocks to game developers. The technology allows developers to launch a token in less than an hour or to define game materials as nonfungible tokens. This gives users property rights and the ability to take their characters and items outside the games onto third-party marketplaces or even other games.
More than $10 billion is expected to flow into GameFi in 2022. The amount of capital invested by renowned firms perfectly demonstrates the potential these firms see in the upcoming, improved version of GameFi.
After the negative information from the macro indicators, the world economy has really entered the crisis phase. This has been specifically reflected through price fluctuations in the stock market and cryptocurrency. This research aims to provide a comprehensive and accurate market macro trend, allowing GameFi enthusiasts to better grasp the current GameFi market.