Cointelegraph has published a 30-page analysis on GameFi, which is the marriage of blockchain-based gaming with decentralized finance.
The paper examines five popular play-to-earn (P2E) games. The research brings out the details of GameFi’s economics and ultimately the future growth of the sector.
The Cointelegraph Consulting Research study examined the strength of in-game economics, the GameFi industry’s future difficulties, and viable solutions to address them.
The analysis delves into five popular P2E games and evaluates the titles based on balance deposited, active users, and transaction volume. The games will also be graded on a scale of one to five for playability and tokenomics.
In 2021, economic activity on GameFi surged, and whole economies emerged. The economics of digital economies are examined in this research. It argues for a free-market economic paradigm based on strong property rights.
Providing Important GameFi Information
The paper provides a high-level overview of the GameFi sector as well as easy-to-understand statistics on five of the most popular P2E games. Readers will discover useful charts and assessments of key issues related to the GameFi sector, as well as how the early trailblazers evolved in 2021.
For The First Time, Property Rights Are Available Online
Prior to GameFi, game worlds did not allow users to really control their in-game assets. GameFi saves in-game content as nonfungible tokens (NFTs) and allows owners to sell them on open marketplaces at a price of their choosing.
As gamers accumulate and sell virtual assets, crypto gaming has surged in popularity. This provided consistent revenue for game creators while also providing value to gamers.
In 2020, Axie Infinity players in the Philippines got a regular monthly wage just by playing the game, at a time when the nation was suffering from the COVID-19 epidemic. Based on in-game NFT trade activity, the figure below depicts Axie Infinity’s dominance in GameFi:
On GameFi, Axie Infinity was the first big success of 2021. All of Axie’s assets and data are open source, and utilizing them does not need permission from Axie’s creators, SkyMavis. Community developers may create anything they want and let the player community determine whether or not they like it. In other words, the game’s design incorporates a free and open market.
Will 2022 be known as the Year of GameFi?
The quick growth of the five games is astounding, and 2022 looks to be a banner year for P2E gaming. GameFi is redefining the game regulations, but it is not without its obstacles. The sector will face a number of regulatory issues in the next years. This paper is a wonderful resource for anybody interested in GameFi. It demonstrates open free trade’s supremacy over centrally controlled economies.
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