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Footprint Analytics: Will 2022 See the Emergence of GameFi 2.0? | Annual Report 2021

In keeping with Newzoo’s 2021 World Gaming Market Report, the variety of international players grew by 5.3% from 2015 to 2021 in comparison with 2020, and now exceeds 3 billion. In the identical yr, whole international gaming income grew 1.4% year-over-year to 2020 and at present stands at $18.03 billion, with cell gaming income set to account for 52% of the overall international market.

Gaming is a gigantic, irreplaceable type of leisure. And now, it’s additionally mixed with the blockchain, bringing forth a brand new gaming mannequin: GameFi.

Screenshot Source - 2021 Global  Games Market
Screenshot Supply – 2021 World  Video games Market

In the course of the first half of 2021, the thought of GameFi actually took form, outlined as a mixture of gaming + DeFi + NFTs. Axie Infinity was the primary main recreation to show how decentralized finance and non-fungible digital property might work with gameplay.

In the course of the second half of 2021, GameFi overtook DeFi as the most well liked sector within the crypto market. With Fb’s identify change to Meta, the metaverse grew to become a widely-known time period.

Footprint Analytics – 2021 Month-to-month Whole Variety of GameFi Protocols

GameFi’s Transactions Ended theYear 2,934% Up

In keeping with Footprint Analytics, GameFi started a interval of explosive development in March, which lasted till August, when transactions stabilized. GameFi’s transactions additionally went via two development peaks throughout this era, on Apr. 9 and Dec. 27.

Footprint Analytics - GameFi Transactions in 2021
Footprint Analytics – GameFi Transactions in 2021

The 2 developments that drove these peaks have been:

  • WAX chain introduces the flexibility to create, purchase, promote and commerce digital items all-in-one: The WAX chain, which attracts most customers with improved throughput of supported video games and cheaper fuel charges than ETH, is a blockchain-focused on recreation props and digital collections.
  • Hive is a really progressive decentralized blockchain ecosystem: Within the second half of 2021, Hive—whose variety of customers consists primarily of the sport Splinterlands—Add PvP(Participant versus Participant) fight mode and launch SplinterShards (SPS) recreation governance tokens in August, which elevated buying and selling quantity in GameFi to $44.2 billion.

Hive, WAX, BSC, and Ether are the primary battlegrounds for GameFi in 2021.

Footprint Analytics – Day by day Variety of GameFi Customers Cross-chain

The Prime 5 GameFi Video games of 2021

The highest 5 video games by way of buying and selling quantity, based on Footprint Analytics, have been:

  • DeFi Kingdoms: A play-to-earn recreation based mostly on Concord, with a wide range of features that enable customers to earn whereas they play and have an excellent expertise.
  • Axie Infinity: With a novel financial mannequin, offering liquidity based mostly on rarity, it was the primary recreation that began exploding and made GameFi well-liked.
  • Bomb Crypto: A play-to-earn recreation the place the participant manages a bunch of bomb heroes to struggle monsters and anybody can earn tokens by enjoying skillfully and contributing to the ecosystem.
  • Elfin Kingdom: A decentralized monetary farm and non-fungible token with gamification components merged right into a gaming platform to earn income. Nonetheless, this recreation continues to be in its early days and has not but had an IDO (Preliminary Digital Belongings Providing).
  • 9 Chronicles: A free-to-play RPG that makes use of its personal blockchain and cryptocurrency.
Footprint Analytics - The Hottest Games Right Now(Dec 31,2021)
Footprint Analytics – The Hottest Video games Proper Now(Dec 31,2021)
Footprint Analytics - Market Share Distribution of Chains and Games(Dec 31,2021)
Footprint Analytics – Market Share Distribution of Chains and Video games(Dec 31,2021)

GameFi Funding Peaks in This fall

Because the crypto marketplace for GameFi grows quickly, main funding establishments proceed to enter the blockchain world. In keeping with Footprint Analytics, the fourth quarter was the height of funding for GameFi.

Footprint Analytics - Fundraising Number by Round Per Month
Footprint Analytics – Fundraising Quantity by Spherical Per Month
Fundraising Amount by Round Per Month
Footprint Analytics – Fundraising Quantity by Spherical Per Month

Wanting Forward to GameFi 2.0

2021 noticed NFTs and DeFi acquire mainstream acceptance, whereas GameFi had its first explosion.

What’s going to the subsequent iteration of GameFi be in 2022? At Footprint Analytics, we consider GameFi 2.0 will:

  • Embody extra social components. Integrating the attributes of DAOs, video games will let gamers have extra say within the growth of the video games.
  • Be extra playable. Whereas most present GameFi tasks are targeted on revenue, the subsequent innovation in GameFi will probably be to make video games which can be really enjoyable.
  • Have a decrease barrier of entry.

Advantages for CryptoSlate Readers

From 11 to 25 January 2022, click on this hyperlink on CryptoSlate to get a free 7-day trial of Footprint Analytics! New customers solely!

Date & Writer: Jan thirteenth 2022, [email protected]

Information Supply: Footprint Analytics – 2021 GameFi Dashboard

This text is a part of our 12 months in Evaluate collection.

What’s Footprint Analytics

Footprint Analytics is an all-in-one evaluation platform to visualise blockchain knowledge and uncover insights. It cleans and integrates on-chain knowledge so customers of any expertise degree can shortly begin researching tokens, tasks and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anybody can construct their very own personalized charts in minutes. Uncover blockchain knowledge and make investments smarter with Footprint.

Posted In: Evaluation, GameFi

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