GameFi: a “dead” concept or one of the main narratives of the upcoming bull run?
During the last bull market, GameFi sector projects attracted a lot of investment and popularity among users. However, at the beginning of 2022, the sector faced difficulties.
Against the background of a long correction, the volume of funding for projects in the category decreased significantly, and some studios, such as SEGA, abandoned such projects, although they had previously declared the opposite intentions. The community began to talk about the failure of the concept.
The editors of Incrypted figured out what is happening with GameFi and what problems the sector has, and also tried to understand whether blockchain games will be able to repeat their past success during the market recovery.
What is GameFi?
GameFi is a sector of the cryptocurrency industry that is at the intersection of video games, decentralized finance, and metaverses. Its representatives allow you to earn digital tokens as part of in-game activities.
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