In March, Cointelegraph Research will publish a 30-page report on GameFi. GameFi is a term used to describe the marriage of blockchain games and decentralized finance (DeFi). The report analyzes five popular P2E games, the economics of GameFi, and the future of the industry, which accounts for more than 55% of all crypto transactions in Q4 2021.
Working with partners such as Konvoy Ventures, Game7, Forte, Animoca Brands, and others, the Cointelegraph Consulting research report will assess the impact of the gaming economy, future challenges for the GameFi industry, and potential ways to overcome them.
The report took an in-depth look at five popular P2E games and compared the games' deposit balances, number of active users, and transaction volume. These games will also receive a score of 1 to 5 based on gameplay and token economics. In 2021, economic activity on GameFi has exploded, and the entire economy has been developed. This report examines the economics of the digital economy, which provides the basis for a free-market economic model based on strong property rights.
Visit the New Cointelegraph Research Terminal here for early access to the report.
Provides useful information about GameFi
You don't need to be a seasoned professional to find a lot of useful information in this report. The report provides a broad overview of the GameFi industry with easy-to-digest data for five of the most popular P2E games. You'll find infographics and analysis of key concepts related to the GameFi industry and how the early pioneers will fare in 2021. The chart below is an example of the data you can expect:
This graph shows how much money players have invested in each game (in dollars), which is the value that players have invested in in-game materials. Daily active users (measured by unique wallet addresses) show a moving average over 30 days. Transaction volume represents the daily revenue amount (USD) of the game. In the end, each game is scored based on its gameplay and token economics factors.
property rights first existed
Before GameFi, gaming worlds didn't allow players to actually own their in-game assets. GameFi stores in-game materials as unique tokens (NFTs) and allows owners to sell them on the free market at a price of their choosing. Crypto games are growing in popularity as players collect and trade virtual assets. This creates reliable revenue for game developers, while also creating value for players.
In 2020, amidst economic hardship due to the COVID-19 pandemic, Axie Infinity gamers in the Philippines earn monthly salaries just by playing games. The chart below shows Axie Infinity’s dominance in GameFi based on in-game NFT volume:
Axie Infinity is the first game to hit GameFi 2021. All assets and data on Axie are open source and use does not require permission from Axie's developer, SkyMavis. Developers in the community can build what they want and let the player community decide if they like it or not. In other words, a free and open market is baked into game design.
Will 2022 be the year of GameFi?
The rapid development of these five games is impressive, and 2022 promises to be a big year for P2E gaming. GameFi is changing the game, but not without its challenges. The industry faces several regulatory concerns. For those interested in GameFi, this report is a great source of information. GameFi demonstrates the superiority of open free trade over a centrally planned economy.
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