Thread by @thehiddenmaze

Ultimate Gamefi Thread (2)

In 2021, the video game industry generated $180.3 billion

Tencent made $32.2Billion in 2021
Microsoft/Blizzard made$21 Billion in 2021
Sony made $19.2 Billion in 2021

All of them are moving into crypto

🧵Why gamefi ecosystems will explode

#GameFi

Ultimate Gamefi Thread (2)
Part 1 Introduction of high potential projects
Part 2 Gamefi Ecosystems
Part 3 ....? Coming soon

For those of you who missed part 1

https://twitter.com/thehiddenmaze/status/1577300801910964230

$BNB #SolanaNFT #CardanoNFT #PlayToEarn #cryptocurrecy #altcoins #NFTGame #Avalanche

The biggest gaming companies in the world are either experimenting with blockchain gaming technologies and NFTs or are already investing to create the future of gaming

> Tencent
> Microsoft
> Netease
> Bandai Namco
> Square Enix

Just to name a few

#nftpolygon #PlayToEarn

The gamefi sector continues to grow massively.

The total amount of venture capital funding grew from
$4 Billion total in 2021

to

$ 2.2 Billion in Q2 of 2022 alone

According to @DappRadar Gamefi related transactions account for over 50% of the blockchain industries month over month usage.

The data about Unique Active Wallets (UAW). also shows around 847,230 gaming-related UAW active daily with nearly $698 million in transactions.

While some traditional gaming giants are still cautious others like

Ubisoft,
Square Enix,
Bandai Namco and
Sega

are charging straight ahead and are already starting to develop games for web3.

Hesitation doesn't come for free though and some of the cautious industry giants are already paying the price:

Brain Drain

If you followed my previous threads you already noticed the trend.

Top Talent strives for innovation and similar to the dot com boom the thinkers and innovators explore exciting new avenues first.

New p2e companies are popping up everywhere.
Founded by:

- Ex Blizzard
- Ex Riot
- Ex Electronic Arts
- Ex ....

As industry giants and newly founded companies venture into web 3 gamefi they are presented with 3 choices.

1. Create their own blockchain solution
2. Use what is already existing
3. Do both
(4.) Ignore the future and get left behind.

First principle thinking suggest that the fundamental options they have determine how investors should position themselves to be part of the future of gaming.

And here is where gamefi ecosystems and blockchains are perfectly positioned to capture future growth potential.

While there are many L1/L2 protocols games are being built on

( e.g $MATIC $SOL $ETH $AVAX $BNB)

this thread focuses on those that are developed from the ground up to serve the needs of game developers and their customer base.

Let's take a look at #gamefi blockchains first:

@enjin

The Enjin ecosystem enables game developers and businesses to use tokenized assets as part of their acquisition, engagement, and monetization strategy

They provide numerous products, including a marketplace, wallet, and developer platform based on $ENJ

#NFTMarketplace

@Immutable

Immutable X is a layer 2 scaling solution on Ethereum aiming to power the next generation of web3 games.

They've already onboarded some of the most anticipated web 3 titles such as:

@GuildOfGuardian
@illuviumio
@PlayEmberSword
@UndeadBlocks

$imx #Play2Earn

@WAX_io

WAX (The Worldwide Asset eXchange™) is currentöy the most used and transacted blockchain ecosystem in the world for NFTs, dApps and video games

According to @DappRadar and @Footprint_Data WAX has over 300k daily users and more than 15 million daily transactions

$WAXP

@flow_blockchain

is designed for Web3 applications that need great user experience, whether NFTs, gaming, Metaverse, even decentralized finance

It was originally conceived by the team behind CryptoKitties

( Gamefi app that brought ethereum to it's knees for a brief period)

Other gamefi related blockchains:

@hiveblocks (Splinterlands)
@PhantasmaChain (22 Racing Series)
@Ronin_Network (Axie Infinity)
@Chromia (My Neighbor Alice)
@ultra_io (onultra blockchain)
@XAYA_tech

Blockchains are pouring hundreds of millions into gamefi ecosystem funds in order to attract developers.

It's easy to see why. The interest in gamefi is massive, despite it's early stage.

But there is another type of ecosystem aiming to capture gaming companies....

While

@decentraland
@TheSandboxGame
@BoredApeYC

will benefit from the gamefi hype those are not the experiences traditional gamers from

World of Wacraft
Fortnite
Eldenring
Fifa
League of Legends

are looking for.

What they want:

Think Web3 Riot/Steam with titles that deliver the best of both worlds.

There is one well known company doing this, but others are already on the horizon.

Let‘s take a look at some of them:

@GoGalaGames
Gala Games aims to take the gaming industry in a different direction by giving players back control over their games.

It is not a single game, but rather it offers an entire array of different blockchain games that places fun first and blockchain in the background

@oasys_games

is a layer-1 blockchain explicitly designed for gaming.

Through its EVM L1 and private L2 roll ups, Oasys aims to creates an attractive solution for large and indie gaming studios to deploy their games and intellectual property on-chain.

https://twitter.com/thehiddenmaze/status/1573385741388099586

@XterioGames
Xterio is a play/earn gaming platform and a GameFi-as-a-service (GaaS) solution.

They will deploy titles worldwide and leverage their global network and experience building games to develop, finance, acquire, publish and distribute games

https://twitter.com/thehiddenmaze/status/1567166381472227328

@SparkadiaGG

a gaming ecosystem from veterans that worked at Riot, Bungie, and Blizzard featuring a lighthearted ‘cozy-cosmic’ world and fun gameplay experiences.
Users can create their own avatar that can be used across different games.

https://twitter.com/thehiddenmaze/status/1566808103961743360

@Myria

Myria is a decentralised Ethereum Layer 2, built to empower digital assets, NFT and blockchain gaming.
They combine a gaming platform with applications, tools and scaling infrastructure needed to bring blockchain gaming to life.

https://twitter.com/thehiddenmaze/status/1567434714113351682

What's the big takeaway?

Gamefi Mass Adoption will happen within this decade and is going to become the main driving factor for crypto utility.

Blockchains and Ecosystems that position themselves to capture gaming studios will reap exponential rewards.

Obviously the same applies to investors that identify, research and support those ecosystems in numerous ways.

It will become the norm to:

• own nfts that appreciate in value and utility
• to earn nfts and cryptocurrency in games
• work for gaming guilds that employ gamers
• earn an allowance, a living, or life changing amounts by playing, creating or contributing value to a game.

Gathering the data and doing research allows you to see things others can't.

The excitement of being part of and watching major positive changes happen is one of the best feelings one can get.

That is what early stage research at it's core is all about.

If you want to learn more about my approach to early stage investments, venture capital research and crypto in general feel free to

like, follow
@thehiddenmaze

and retweet the first tweet linked below

https://twitter.com/thehiddenmaze/status/1579478271800266752