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

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...

In other words, what does it mean when someone says that something is a "double top"?

When an asset reaches a high price twice in a row with a small price decrease in between, a double top, a highly unfavorable technical reversal pattern, occurs. It is common for the financial markets to see two peaks at once. When the asset's price drops below the low point between the two prior highs, this pattern is verified. The Meaning of a Double Top. The formation of a double top may indicate a shift in an asset class's medium- to long-term trend. Above is a chart depicting the double top pattern that formed in shares of Amazon.com, Inc. (AMZN) between September 2018 and October 2018 at a price of $2,050. In this case, the amount of backing that grew to roughly $1,880 was really significant. The double top was not verified until the price of the stock dropped below $1,880, even though it had fallen by about 8% from its October high. After that, the share price fell progressively, eventually settling at a level nearly 31% lower than its previous high. Using Netflix Inc. (...

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...

Search This Blog