GameFi is set to become the next Hot Space in Crypto
CMC released a GameFi report containing:
• The state of the industry
• Top tokens, games & chains to watch
I’ve read it all so that you don’t have to.
Read this to understand everything about the next hot space in Crypto
In this thread we’re diving into:
• Current state of GameFi
• Top Takeaways from this year
• What the VCs are doing
• Upcoming game & tokens to watch
• Thoughts & Comments along the way
Let's dive in
Crypto X Games Synergy
Crypto, NFTs & Games have a natural synergy.
• Trading & Selling In-game items as NFTs ( ownership of virtual assets)
• New ways of funding games → More experiments→ Better games
• Community Owned
• Better monetization methods
Despite the benefits, we’re yet to see a revolutionary crypto game.
• Good Games take lots of time & money to make
• Existing games are unsustainable
• Blockchain tech is new, building on new tech is difficult
• Gamers outside web3 detest crypto & NFTs
This will soon change
This will all change through a great game that is actually fun & sustainable.
Right now, there’s a huge rush to create a breakthrough game, led by industry veterans & huge amounts of money.
Here's where we're at:
GameFi Overall Market Performance
2022 has been a rough year for crypto, with everything moving downward due to bad macro & rising inflation.
GameFi active users (unique wallets interacting with games) gradually declined
This is the first bear cycle for the GameFi industry.
Top Chains by Volume.
Ronin, BNB & Harmony were the volume leaders.
BNB: low fees & ease to build brought on a lot of projects
Tokenomics is one of the most important aspects of Crypto
If you don't understand tokenomics, you're not gonna make it.
Here’s everything you need to know about Tokenomics🧵
This may be better to listen to.
Here's the video:
Thread below
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What we’ll be covering:
• What is tokenomics?
• A deep dive into supply & Demand
• Market Cap & FDV ( + how to use them)
• Unlocks & Emissions
• Demand Drivers
• The questions to ask