Made for the Masses: The Rise of GameFi
Multiple trends have converged over the world in the past two years that have made what was once almost unthinkable not only possible, but probable. The catalyst that transformed the course of these trends was COVID-19 and resultant government-mandated lockdowns to combat the spread of the pandemic. The first of these trends was the possibility of remote work. Already made possible through advancements in technology, Zoom became an everyday word in 2020. What was already happening accelerated even further. Per a report from the National Council on Compensation Insurance, before the....
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While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022. GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential.The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as an entry point for numerous first-time investors. A ChainPlay survey participated by 2428 GameFi investors revealed that 75% of the respondents joined the crypto space solely....
The latest data from Coin 98 Analytics shows the Web3 gaming platform Gameta as the top-ranked gamefi (the intersection of gaming and finance) project after it garnered 1.85 million recorded subscribers by September 28. The data also shows that the top five gamefi projects alone accounted for more than 70% of September’s total gamefi subscribers in the top 20. Most Popular Project on the BNB Chain According to Coin 98 Analytics’ latest rankings of the leading gamefi projects, Gameta, a Web3 gaming platform, topped the list with 1.85 million subscribers as of September 28,....
Although non-fungible tokens, or NFTs, have a modest presence in the video game business through GameFi, some players find that to be too much. Quick and ferocious backlash over the prospect of any well-known gaming company using digital currencies has forced some developers to quickly abandon ambitious plans. Gamers Aren’t Interested In GameFi In the […]
It was recently announced that 15 leading GameFi projects on Binance Smart Chain (BSC) will host a coordinated airdrop with over $30,000 for participants. The participants include PlanetSandbox, Deathroad, MechMaster, AMAKUNI, MetaStrike, Rise of Defenders, Kingspeed, Ancient Kingdom, My Master War, Metaxiz, Heroes & Empires, Etermon, Hydraverse and Animverse. In total, $30,000 worth of crypto assets is up for grabs. Rewards are made up of governance/utility tokens, non-fungible tokens (NFTs) and so-called hero boxes, and a total of 100 winners will be selected to share the prize pot. On....
Real Realm is coming to be a game-changer in the GameFi universe. Now, players have a platform to enjoy their favorite war strategy game while still enjoying many other benefits that come with it, without necessarily spending funds. Blockchain technology has revolutionized the gaming sector, with GameFi snowballing. NFTs are quickly being adopted, with gamers […]