GameFi Investors Now Value Fun Over Profitability: Survey

Eighty-nine percent of GameFi investors succumbed to Crypto Winter 2022, despite the fact that about half of the investors first entered the GameFi area in pursuit of profits.

GameFi, the marriage of gaming with decentralized finance (DeFi), attracts a group of investors who select projects based on their use case rather than their potential to generate revenue.

The GameFi ecosystem is attractive to GenZ investors and gamers.

Therefore, it serves as an entrance point for a large number of first-time investors.

A ChainPlay poll of 2,428 GameFi investors indicated that 75% of respondents entered the cryptocurrency industry because of GameFi alone.

89% of GameFi investors succumbed to Crypto Winter 2022, with 62% of them losing more than 50% of their profits. Initially, nearly half of investors entered the GameFi market in pursuit of gains.

However, investors think that poor design of the in-game economy was the primary cause of their losses.

In accordance with this sentiment, the poll indicated that global investors spent an average of 2.5 hours per day on GameFi in 2022, a 43% decrease from the previous year's 4.4 hours.

Fear of rug pulls and Ponzi schemes, as well as inferior visuals, are among the most significant factors impeding investments in new GameFi ventures.

Consequently, 44% of investors believe that the participation of traditional gaming firms can be crucial to GameFi's development.

Moreover, when it comes to future GameFi initiatives, 81% of GameFi investors are abandoning the traditional approach and preferring pleasure above profit as they seek pleasant in-game experiences.

A DappRadar research confirmed that blockchain gaming and the Metaverse were the least affected ecosystems by the Terra (LUNA) crisis.

In addition, sustained institutional investment was observed in both blockchain gaming and the Metaverse, indicating that many leading corporations foresee strong economic growth in both areas in the foreseeable future.

Comments

60 billion pound financing package for English authorities

Michael Gove, the Secretary of State for Levelling Up, has today (19 December 2022) agreed a nearly £60 billion package for councils in England for the next fiscal year, ensuring that councils can continue to provide essential frontline services. The settlement means councils throughout England will receive an additional £5 billion, a 9% increase over last year's settlement, as the government continues to support councils and public services despite mounting financial pressures. The agreement for the following year contains a one-time Funding Guarantee that ensures every council in England will get at least a 3% increase in core spending power before any local decisions are made regarding council tax. Alongside this, the government confirmed today a new £100 million scheme for councils to safeguard the most vulnerable households from council tax hikes, fulfilling the campaign pledge to protect local taxpayers from excessive increases. Social care is also a priority, with the govern...

Unlocking the Secrets of the World of Finance

In today's fast-paced global economy, understanding the intricacies of finance is paramount for both individuals and businesses alike. Finance serves as the lifeblood of any economic system, fueling growth and prosperity. Our team at AIPRM Corp is dedicated to providing you with comprehensive insights into the world of finance. In this article, we delve deep into the financial landscape, unraveling its various components and complexities. Navigating the Financial Landscape Finance: A Holistic Perspective Finance encompasses a wide array of financial instruments and institutions, each playing a unique role in the broader financial system. At its core, finance involves the management of money, investments, and assets. Our comprehensive exploration of finance will leave you well-informed, whether you're a seasoned investor or a newcomer to the world of finance. Financial Markets and Instruments The world of finance thrives within a complex web of financial markets and instrument...

Strike, a Bitcoin Exchange, Raise $80M in Series B Funding

Bitcoin payment processor Strike has raised an additional $20 million in Series B funding, bringing the total to $80 million. A statement issued on Tuesday indicated that Ten31, a VC firm that focuses on Bitcoin companies, was the driving force behind the funding round. There were, however, additional financial contributions from Wyoming's University and Washington University in St. Louis. Stike will use the funds to strengthen its existing relationships with area businesses. The Lightning Network, which is used by Strike, is designed to speed up Bitcoin transactions, making it more practical for use in everyday transactions like buying goods online. Strike's CEO and founder Jack Mallers was quoted as saying in a statement, "any organization that is in the business of transferring money is interested in superior payments" and "we're in talks with many of them." "Any organization that is in the business of transferring money is interested in superi...

Search This Blog