One of most interesting sectors in the blockchain area is GameFi. Because blockchain technology brings many advantages for gaming, which ones particularly interesting for the target group should be. Because while before they had to invest both their time and money as well as unpaid feedback with no return, they will participate more fairly in the success of video games in the future. Added to that many Benefits of NFT technology. This is how the blockchain games are doing now, after the setbacks in the bear market nearly half of blockchain activity in January out of. What the GameFi boom is all about and what the mass adoption in the way is to be dealt with in the following.
GameFi boom reignited
1/ The latest DappRadar x @BGameAlliance Games Report reveals that on-chain gaming activity rose 1.31% to 858K+ daily Unique Active Wallets in Jan, making up 48% of dapp activity.
@WAX_io – 331K dUAW
@hiveblocks – 183K dUAW
@0xpolygon – 138K dUAW
Follow the
pic.twitter.com/nTTqL0GVuj
— DappRadar (@DappRadar) February 21, 2023
Although had GameFi experienced a downward trend in the past year, as many gamers were looking for higher quality gaming experiences than the first cryptogames. However, a new report from DappRadar has now appeared, which points to a resumption of the trend close.
Then During January, gamers accounted for almost half of blockchain activity at 48%. Thus, cryptogaming is one of the fastest growing sectors. An analyst from DappRadar predicts based on on-chain data from the past few years Blockchain gaming will develop into a significant sector of the industry.
On the greatest activity in gaming comes, according to data from DappRadar, the WAX blockchain. Whereby 331,000 unique wallets were used on this one. Also have but also on other blockchainsexcluding Binance Smart Chain, has seen growth in unique wallets since December last year.
In addition, since 2021 the Investments increased by 105% in 2022. They reached a height of $7.6 billion. In January alone, more than 156 million US dollars were already achieved. In addition, the metaverses could also gain in importance this year. So were total Traded $44.5 million worth of in-game assets. This represents an increase in trading volume of 114% compared to the previous month. Nevertheless, they are Sales of them were 19% lower.
Invest now in popular fitness play-to-earn project early on!
Game Developer Survey Indicates Great Potential of Web3 Gaming
About this expect according to a survey by Coda Labs 75% of game developers that they will work on Web3 games in the future. In addition, gave whole 56% indicate that they assume that Web3 will revolutionize gaming. 40% of those surveyed are still counting new users, which will be added by Web3 gaming. In addition, 36% of them expect that the Users are better retained by GameFi can.
But also Web3 games bring many advantages for developers with himself. Here’s how you can easier funding, additional revenue streams and higher player retention to reach. By Coda Labs survey respondents 43% also expect additional revenue streamswhere she NFTs as one of the main advantages of the Web3 view.
Still, there are still a few steps to be taken before GameFi can see mainstream adoption.
What else is stopping GameFi from mainstream adaptation?
During the bear market it is too one Series of sales in GameFi coins came. This raised the question of how sustainable these really are. In this context, the economic models of these questioned.
Another weakness was that most cryptogames with play-to-earn were developed primarily with the focus on Earn. While that is However, “play” is almost completely neglected been. Because the old blockchain games have for many it felt more like monotonous work than a highly entertaining and highly addictive game.
This is also confirmed by a report by Blockchain Game Alliance from the year 2022. So they were The biggest obstacles to mass adoption are poor gameplay and difficult onboarding. It is also worth noting that according to the Coda Labs survey, 32% of the developers surveyed expect that Web3 will not be around for long.
Nevertheless, it could for web3 games a similar development as for mobile games result. While this is still used by many initially met with skepticism, they now dominate 60% of the gaming market and generate around half of app store revenue.
Invest early in the popular P2E fitness project!
The latest play-to-earn project wants to revolutionize fitness and martial arts
This takes a special approach latest play-to-earn project Fight Outwhich in a short time bring many world-famous elite athletes and professional coaches to the team and convince investors. Because with the help of the competition app, users can compete against other athletes Compete in duels, challenges and major tournaments while earning cryptocurrency rewards, while at the same time achieving their athletic and health goals. The disciplines Strength, condition, cardio, technique and flexibility supports.
Fight Out offers users a futuristic sports metaverse. Within that they can join like-minded people around the world connect. Also stand for them over here extraordinary game modes ready which using the gamification a very special and addictive entertainment value should allow. About this will be in Fight Out as well connected their own fitness centers to the Metaversum for the first time. These are equipped with special sports equipment and sensors that automatically evaluate the performance. In addition, the application should can also be used from home using the analysis software permit.
Users also receive a after answering a questionnaire individual training plan, which is tailored to your personal goals and requirements. The own Achievements are then automatically transferred to the soulbound avatar. In addition, users also get tips and recommendations in addition to the professional video courses and coachingto get the most efficient and motivating training experience.
Secure a presale discount and various bonuses with Fight Out now in good time!
Investing is speculative. When investing, your capital is at risk. This website is not intended for use in any jurisdiction where the trading or investment described is prohibited and should be used only by persons and in ways permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. So do your own due diligence. This website is available to you free of charge, however we may receive commissions from the businesses that we feature on this website. In addition, the author may have an investment in the assets himself, which may create a conflict of interest.
About the author: Simon Feldhusen first came into contact with the stock market 16 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 7 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de and Coincierge, among others.
