4 Ways To Supercharge Your GameFi Project
GameFi is a very promising use case for Web3 and the metaverse, but blockchain gaming builders shouldn’t forget the core elements that made video games popular in the first place.
With billions of gamers active around the globe, the total addressable market for blockchain gaming projects is massive. The value proposition for GameFi is clear: instead of paying top dollar for video games and bonus downloadable content, why not have fun and earn something back for your time?
Web3 technology has so much potential for players to own a stake in their favorite games and take full control of their digital loot. Beyond the obvious use cases of using tokens for rewards and NFTs for in-game assets, there are a huge amount of potential applications for blockchain gaming that have not yet been fully explored.
Although the Play To Earn (P2E) genre has received some hype in recent years, this category of video games remains far less popular than Web2 gaming around the world.
For many prominent P2E games like Axie Infinity, the community’s focus seems to be more on earning tokens than the actual gameplay experience itself. While rewards alone might be enough to get some gamers onboard, GameFi builders must break through the crypto bubble to achieve truly widespread adoption throughout the mainstream gaming community.
In order to gain traction with crypto-skeptical players, blockchain games need to provide gameplay that is compelling in its own right. Recently, a trend known as Play and Earn (PAE) has emerged that attempts to balance Web3 aspects with the excitement of traditional gaming.
No matter how you categorize your project, it’s crucial to strike the right balance between gaming and Web3.
To reach adoption with more gamers worldwide,
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