CMC Research's new report details the rise and fall of GameFi over the last 18 months.
Furthermore, GameFi projects still have no go-to chain, with WAX and Hive leading in the number of transactions but overly reliant on a single game. BNB Chain is the third-largest chain but is yet to launch a standout title.
In terms of GameFi tokens, valuations have, of course, declined heavily. The report concludes that many tokens, Green Satoshi Token being a prime example, could not control the dumping pressure from less-than-ideal tokenomics. However, VCs continue to be interested in the sector and the share and volume of investments in GameFi has risen year-on-year. GameFi now attracts almost double the investments compared to the metaverse.
For the latter half of 2022, Footprint highlights games like Illuvium , Phantom Galaxies and Big Time as the games to watch. Two of them will launch on Ethereum, and Footprint sees the market leader as the chain to watch for the rest of 2022.This article contains links to third-party websites or other content for information purposes only .
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