Crypto gaming and the monkey run: How we should build the future of GameFi
Tokens cannot make a game — but they can break one. We can envision a clearer future for a sustainable and decentralized GameFi space. You’ve seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the industry’s most powerful engines. But then, it happens: It’s paired with a dubious shitcoin that launches well before even a morsel of game content drops.In the not-so-distant past, mainstream media may have referred to the hype-fueled crypto bull market — but, with Bored Ape floor prices still in 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,....
The crypto market is flooded with GameFi projects that promise the next Fortnite and deliver nothing more than overpriced NFTs. So it’s no wonder that investors ghosted tokens like SAND (The Sandbox) and MANA (Decentraland) after the metaverse mania cooled off. Once it occurred to them that virtual plots in pixelated universes aren’t exactly generational wealth, these cryptos plunged more than 95% to a point of no return. The GameFi movement has been mostly lukewarm ever since. But things are changing, and the coming crypto bull cycle could see another GameFi token race for the top charts.....
Nakamoto Games, the world’s leading play-to-earn gaming ecosystem, has relentlessly continued the build-out of its platform and social communities while expanding its cross-platform integrations and user services as part of laying the groundwork for the NAKAVERSE – the $NAKA-powered metaverse of the future. Within six short months of going live on the mainnet, Nakamoto Games […]
Nakamoto Games, the world’s leading play-to-earn gaming ecosystem, has relentlessly continued the build-out of its platform and social communities while expanding its cross-platform integrations and user services as part of laying the groundwork for the NAKAVERSE – the $NAKA-powered metaverse of the future. Within six short months of going live on the mainnet, Nakamoto Games […]