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The GameFi market is set to become a $615 Billion industry by 2030.
Last cycle games like Axie Infinity gave 100x returns to early investors.
Let's look at 8 key GameFi projects for 2024.👇🧵
While everyone is busy packing Christmas gifts, I keep reading research to stay well-positioned for 2024.
Here are 20 key insights from @Delphi_Digital's report "The Year Ahead for Gaming 2024" ↓
GameFi sector has the potential for significant growth as early as 2024.
To position myself among the winners, I am making strategic decisions right now.
Projects that I am accumulating for the long term: 🧵⬇️
🚀 Exciting News! #BlockTitans has partnered with @MagicShibaStart, the leading launchpad on the #Shibarium network 👏
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🔗Dive in for more: https://t.co/r9zrXo7VsN
'TLDR' 📢 #GameFi tokens are rallying strong, with many leading assets gaining more than 50% in the past four weeks 🔥
💰The sector also took in $1.5B worth of venture investment in the first half of the year.
#GameFi#crypto#games
📖Read more 👇
https://t.co/ml83BScT6Q
Web3 Gaming will be the key narrative in the upcoming cycle
GameFi tokens are pulling off decent X's
→ $IMX is up by 117.5%
→ $ILV is up by 122.4%
→ $GALA is up by 81.41%
→ $AXS is up by 52.87%
Saudi Arabia has also taken an interest in Web3 Gaming, injecting $50M into Animoca.
Are we late? Or are we just getting started? 👇
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Stats of Web3.0 Gaming
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→ GameFi MC is $12.04 Billion
→ ~$10M in daily volume
→ 1m+ daily gaming-degens
→ >$770M in funding from VCs in 2023 up-to-date.
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Web3 Gaming across different Blockchains
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The entire volume is accounted for by blockchains such as
→ @0xPolygonLabs
→ @ethereum
→ @BNBCHAIN
L2 game chains with already a pretty solid level of implementation
I have a feeling this is going to work its way into the next season of GameFi
Over 70% of the market is exclusively on these blockchains
The statistics below also show the gradual market penetration of blockchains for web3 gaming:
→ @zksync
→ @WAX_io
→ @SuiNetwork
→ @SkaleNetwork
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Web3 Gaming Landscape
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These projects have captured a significant portion of the market:
@Immutable@AxieInfinity@TheSandboxGame
→ Avalanche: @playoffthegrid , @DomiOnline , @fableborne , @playSHRAPNEL
→ Polygon: @PlayWildcard, @aavegotchi, @SpaceNationOL, @Tearing_Spaces, @AbyssWorldHQ
→ Games without tokens that will 100x in the next bull cycle: @WreckLeagueHQ, @PartyIconsOGX , @ApeironNFT , @EarnAlliance , @ageofdino
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Closing Thoughts
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The core element of web3 gaming is, well, the game itself. When the financial aspect overshadows the gameplay, it can lead to a lack of engagement and enjoyment.
Games primarily designed as investment vehicles rather than entertainment can struggle to retain players.
Another failure point comes in Unsustainable Economic Models where many GameFi projects have unsustainable tokenomics, where token value is maintained by the influx of new players. This can lead to a collapse once player growth stagnates.
What I think is needed for success? (my 2cents)
Successfully integrating Web3 into traditional games requires a strategic, player-focused approach that carefully balances enhanced gameplay with equitable economic systems.
Key to this integration is:
1. Seamless implementation of technologies, like NFTs, which should complement rather than disrupt the core gaming experience.
2. Education and ease of use are crucial, ensuring players comfortably navigate new Web3 elements.
3. Sustainability and long-term value must be at the forefront of Web3 features, avoiding pay-to-win models and ensuring fair play.
Immutable 🤝 Ubisoft's Strategic Innovation Lab
Immutable, the leading web3 gaming platform, is joining forces with Ubisoft's Strategic Innovation Lab to create a new gaming experience to further unlock benefits for players through the power of web3.
This is another significant milestone for Immutable, the all-in-one solution for building the best games. Alongside Ubisoft's Strategic Innovation Lab, we will combine the expertise of both companies to develop a mainstream web3 gaming experience.
“As the platform of choice for many leaders within the Web3 community, Immutable offers both cutting-edge technology and a unique expertise in seamlessly integrating decentralized technologies into games.” - Nicolas Pouard - VP of Ubisoft's Strategic Innovation Lab
If you want to learn more about what we are building with the best of web2: https://t.co/LsQVvKN9oS
Why Asia Will Lead Web3 Gaming: Learnings From Token2049 & KBW ⬇️
The number of well-funded blockchain games that are opening their doors to the public with playable builds is swelling.
It feels like 2024 might actually be the year that broader player sentiment shifts and attention flows back toward gaming.
Nowhere else is this feeling stronger than in Asia. Fresh from two of Asia’s largest crypto-focused conventions, Korean Blockchain Week and Token 2049, we wanted to take the time to highlight some of the most promising blockchain gaming projects from the region that we have been tracking.
As we go on to outline in this report, it is clear that the number of builders and consumers actively exploring the intersection between blockchain and gaming in this region outpaces all others.
Furthermore, due to a number of synergies, such as the digital-first culture, wide acceptance of deep monetization practices, and select key entities spearheading development, we will undoubtedly see games scale much faster here compared to the West.
We will start by providing some background on what’s behind all this excitement and then go on to list some of the most prominent and innovative ecosystem projects and content developers.
Paying especially close attention to the South Korean, Japanese, and Chinese markets, we will also highlight future key challenges and opportunities for both the bear-hardened veterans and new entrants.
Why Asia Will Lead Web3 Gaming: Learnings From Token2049 & KBW is live now for PRO members ⬇️
https://t.co/rXlByygCc5
4/ Gaming is not an unfamiliar name in web2. However, compared to web2 gaming, #web3 gaming is still nascent.
With further innovations empowering the end user, coupled with adoption by legacy game studios, we are optimistic the sector will help onboard mainstream gamers.
Even @binance made a bullish report on the Gamblefi narrative.
Top crypto minds are laser focused on these 7 gems 💎
Here’s my Tokens Watchlist + Catalyst for 100x run 🧵 👇