Why is GameFi in decline and what comes next?
After the boom of 2021, many Play-to-Earn games have lost value and interest in GameFi has decreased.
Why this happened:
• The economy of most games was based on new players (pyramid scheme).
• The games were not interesting; people only joined for the money.
• Investors left the sector and the tokens collapsed.
What comes next?
• The focus will shift towards gameplay, not just making money.
• Hybrid models will be created that combine traditional games with DeFi.
• A new wave of GameFi projects with more sustainable economies could emerge in 2024-2025.
