Gamefi Crypto: Is It Worth Your Time and Money?

Post Date:2022-02-16 10:42

Gamefi Crypto is on the rise during the 2021 COVID-19 pandemic. This is not just the rise of gamefi crypto, but the entire game industry market value has a clear growth trend. Demand for games has increased during the pandemic. Take the United Kingdom as an example. During the epidemic, British households spent 1.6 billion pounds ($2.1 billion) more on games than the same period last year. Gaming is widely cited as the primary entertainment option for home quarantine.

 

In the case of the global epidemic, the demand for games has grown. A study shows that the share of investment in the worldwide gaming industry is increased in 2021. Private investment increased more than two times in the first half of the year. Public financing offerings increased from $4.9 billion to $17.7 billion, which shows that the gaming industry is multiplying. Now Gamefi Crypto has also become popular.
Gamefi Crypto has merged the NFT market with gaming entertainment to create a new “play to earn” mode. The emergence of the Axie Infinity game is the latest success story of this model. The success of Axie Infinity has given the gamefi crypto industry a boost after the game generated $1.2 billion in revenues last year.

 

Gamefi Crypto: Is It Worth Your Time and Money?
Since the emergence of Axie Infinity as a pioneer, gamefi crypto has attracted much attention from investors and the media. More and more people are getting into gamefi crypto and trying to understand gamefi crypto. So, what is gamefi crypto?

What is gamefi crypto

Traditional games are centralized management systems. All assets and data inside this game are handled in one place, such as props and experience that players gain in the game cannot be used for other games, which is detrimental to players. Gamefi Crypto has changed this by introducing blockchain technology, and players can now use their rewards and items on different gamefi crypto platforms. Besides, players can earn real money in gamefi crypto. There are many ways for players to make money in the game.

 

Axie Infinity
Axie Infinity is a gamefi crypto that became popular in the Philippines last year. In the game, players need to breed a pet named Axies, which they can freely buy and sell in the marketplace in exchange for income. In addition, players can also take Axies to participate in PVP or PVE battles to earn secondary tokens AXS.

 

Splinterlands
Similar in popularity to Axie Infinity, Splinterlands is a gamefi crypto that allows players to collect different game cards and combine sets of cards to battle.

 

SGEM
SGEM is a gamefi crypto that took 4 years to develop. It was launched recently. SGEM combines “Hero + Card + Architecture” to experience Axie Infinity and Splinterlands characteristics here. You can cultivate a variety of Babs, build your own set to attack the enemy base, and get secondary AA token rewards after victory.

 

The future of gamefi crypto

Mikhail Karkhalev, an analyst at Capital, said that the combination of game and money could attract the younger generation to enter the gamefi crypto market, driving the development of the gamefi crypto market. In the future, before the epidemic is over, gamefi crypto is likely to be a brand new way of employment for more people, and we are expecting that day to come.