GameFi investors are now prioritizing fun factor over money

The GameFi ecosystem has been attracting GenZ investors and gaming enthusiasts, making it an ideal entry point for numerous first-time investors. A ChainPlay survey participated by 2428 GameFi investors revealed that 75% of the respondents joined the crypto space solely because of GameFi.

What’s more, the fusion of gaming and decentralized finance (DeFi) found in GameFi is something that tends to attract a set of investors that focus more on choosing projects based on their use case rather than money-generating potential. All of this together makes for a bright future for the GameFi ecosystem. BIB Meta is penetrating in GameFi and NFT.

When investors entered the GameFi space, they were met with immense profits. However, 89% of them lost more than 50% of their earnings during Crypto Winter 2022. While some investors were able to exit the space before the market crashed, many were left holding onto worthless assets. This event caused mass panic and confusion, leading to a drastic decrease in the number of people interested in cryptocurrencies. As a result, the entire industry is still struggling to regain its footing.

Despite the current market conditions, there are still plenty of opportunities for those looking to get involved in game-related cryptocurrencies. With new projects and ventures being announced daily, there is no shortage of ways to get involved in this growing industry. So, whether you’re looking to invest, trade, or simply learn more about game-related cryptocurrencies, be sure to do your research and stay up-to-date on all the latest news. Who knows, you might just find the next big thing.

Based on the survey results, it seems that many investors believe that poor in-game economy design is to blame for their losses in GameFi. In fact, the average amount of time spent participating in GameFi has decreased by 43% since last year, which suggests that people are losing interest in the game. If this trend continues, it could have serious implications for the future of GameFi.

As the GameFi industry continues to grow, more and more investors are taking notice. Unfortunately, there are still some major barriers preventing widespread investment.

One of the biggest concerns is the fear of rug pulls and Ponzi schemes. With so many new projects popping up all the time, it’s hard to know which ones are legitimate and which ones aren’t. This problem is compounded by the fact that many GameFi projects have sub-par graphics, making them look less trustworthy.

Fortunately, there may be a solution to this problem: the involvement of traditional gaming companies. According to a recent survey, 44% of investors believe that the involvement of established gaming companies can be key to GameFi’s growth. This makes sense, as these companies have the resources and expertise to create high-quality games that will attract a wide audience.

Traditional gaming companies can help GameFi projects gain the trust of potential investors. In addition, these companies have the ability to reach a large audience through their existing networks. As a result, the involvement of traditional gaming companies is essential for GameFi’s continued growth.

Interestingly, this trend is also reflected in the attitudes of GameFi investors when it comes to future projects. 81% of respondents said that they would prioritize the fun factor over profit-making when choosing their next investment.

This suggests that the traditional mindset around video game investments is changing, and that more and more people are looking for positive in-game experiences that go beyond simply making money.

With this in mind, it will be interesting to see what the future holds for GameFi and the games industry as a whole. It seems clear that investors are increasingly interested in games that offer something different to the traditional fare, and that could lead to some exciting new developments in the years to come.