This March, Cointelegraph Research will publish a 30-page report on GameFi, the term used to describe the marriage of blockchain-based gaming with decentralized finance (DeFi). The report looks at five popular play-to-earn (P2E) games, the GameFi economy, and the future development of an industry responsible for more than 55% of all crypto transactions in the last quarter of 2021.
In collaboration with multiple partners, including Konvoy Ventures, Game7, Forte, Animoca Brands, and others, the Cointelegraph Consulting Research report will assess the strength of in-game economies, the future challenges of the GameFi industry, and possible ways to overcome them.
The report focuses on five popular P2E games and compares the titles on deposited balances, number of active users and transaction volume.. Games will also receive one to five scores for gameplay and tokenomics. Economic activity on GameFi exploded in 2021 and entire economies developed. This report explores the economics of digital economies. It advocates a free market economic model based on strong property rights.
Visit the new Cointelegraph Research terminal here to sign up for early access to the report.
Provide useful information about GameFi
You don’t have to be a seasoned professional to find useful bits of information in this report.. The report provides a broad overview of the GameFi industry with easy-to-digest data on five of the most popular P2E games. You will find informative charts and analysis of important concepts relevant to the GameFi industry and how the early pioneers developed in 2021. An example of the data you can expect is in the chart below:
The graph shows the balance that players have invested (in USD) in each game, which represents how much value players place on their in-game material. The number of daily active users (measured by unique wallet addresses) is shown over a 30-day moving average. Volume represents the daily amount of value (USD) coming into the game. Finally, each game is scored for its gameplay and tokenomic factors.
Online property rights for the first time
Before GameFi, game worlds didn’t allow players to truly own their in-game assets. GameFi stores game material as unique tokens such as non-fungible tokens (NFTs) and allows owners to sell them on free markets at a price of their choosing. Crypto games have grown in popularity as players collect and trade virtual assets. This generated reliable revenue for game developers while creating value for gamers.
In 2020, Axie Infinity players in the Philippines earned their regular monthly salary simply by playing at a time when measures against the COVID-19 pandemic brought economic hardship to the country. The chart below shows Axie Infinity’s dominance on GameFi based on in-game NFT trading volume:
Axie Infinity was the first big hit of 2021 on GameFi. All Axie assets and data are open source and use does not require permission from the developers of Axie, SkyMavis.. Community developers can create whatever they want and let the community of players decide if they like it or not. In other words, a free and open market is built into the design of the game.
Will 2022 be the year of GameFi?
The rapid development of all five games is impressive and 2022 promises to be a great year for P2E gaming. GameFi is changing the rules of gaming, but it’s not without its challenges. Several regulatory concerns loom for the industry. This report is an excellent source of information for anyone interested in GameFi. It shows the superiority of open free trade over centrally planned economies.
This article is for informational purposes only and does not represent investment advice or investment analysis or an invitation to buy or sell financial instruments. Specifically, the document is not a substitute for individual investment or other advice.
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