Looking back on 2021: After the first year of GameFi's outbreak, is GameFi 2.0 coming in 2022?
Jan. 2022,vincy@footprint.network
Data Source: Footprint Analytics - 2021 GameFi Dashboard
This post is part of our Year in Review series.
This post is part of our Year in Review series.
It can be seen from the data that the game world view is becoming larger and more flexible, and it is also an irreplaceable entertainment method for people. With the rapid development of the encryption market, the combination of games and blockchain presents a new game mode -GameFi。
Screenshot Source - 2021 Global Games Market
image description
In 2019, the concept of GameFi was proposed, defined as Game Finance, adding elements of financial attributes to games.DeFi+NFTIn the first half of 2021, the concept of GameFi will really take shape, defined as Game+
Taking Axie Infinity as an example, it presents the value of decentralized finance and non-homogeneous digital assets through games.
According to Footprint Analytics, the GameFi concept blockchain games will develop rapidly in 2021. The number of projects has grown from 658 at the beginning of the year to 1,141, with a growth rate of 73.1%. The stabilization of the popularity of NFT and DeFi has provided opportunities for GameFi, making the GameFi market active and forming an independent field, and it will be listed together with NFT and DeFi as the most popular encryption field in 2021.
Footprint Analytics - 2021 Monthly Total Number of GameFi Protocols
image description
Key GameFi 2021 stats recap
According to Footprint Analytics, from March 2021, GameFi began to enter a period of explosive growth until the number of transactions stabilized in August. During this period, GameFi's transaction volume also experienced two waves of growth peaks, namely April 9, 2021 and December 27, and the number of transactions has remained high since then.
Footprint Analytics - GameFi Transactions in 2021
image description
GameFi maintains explosive and stable transaction volume for two reasons:
In the early days, it was mainly derived from the WAX public chain. It is a public chain that focuses on game props and digital collections. It inherits the Delegated Proof of Stake (DPoS) consensus mechanism, supports higher throughput of games and attracts chain game developers.
image description
Footprint Analytics - Daily Number of GameFi Users Cross-chain
secondary title
Alien World, the game with the largest trading volume on the GameFi WAX chain
image description
Footprint Analytics - Trading Volume of the WAX On-chain Game Protocols
secondary title
GameFi's Top 5 Hottest Games, DeFi Kingdoms and Axie Infinity Stand Out
According to Footprint Analytics, the top 5 games are: DeFi Kingdoms, Axie Infinity, Bomb Crypto, Elfin Kingdom, Nine Chronicles.
DeFi Kingdoms: Based on a Play to Earn game developed on Harmony, it has a variety of functions, allowing users to gain benefits and a good experience while playing and earning.
Axie Infinity: It has a unique economic model and provides liquidity based on scarcity. It is also the first game to explode and set off a wave of blockchain games. In addition, the explosion of Axie Infinity is inseparable from the promotion of the game guild YGG (Yield Guild Games).
Bomb Crypto: A game belonging to Play to Earn, players manage a group of Bomb Hero bots to fight monsters, anyone can earn tokens through the skilled game and contribute to the ecosystem.
image description
Footprint Analytics - Top 8 GameFi Project in 2021(Dec 31,2021)
Footprint Analytics - Market Share Distribution of Chains and Games(Dec 31,2021)
secondary title
image description
Footprint Analytics - Fundraising Number by Round Per Month
Footprint Analytics - Fundraising Amount by Round Per Month
image description
Looking ahead to the GameFi 2.0 wave
In addition to the year of the development of NFT and DeFi, 2021 is also the year of the outbreak of GameFi. It combines the comprehensive concept of Game+DeFi+NFT to form an independent field of GameFi, creates a variety of games, and uses the Play to Earn model to create a new era for the chain game industry. Development has brought about a whole new level of change.
Will 2022 usher in the GameFi 2.0 concept? At present, many platforms and players are exploring GameFi 2.0 game projects, not just focusing on financing capabilities, but making major innovations on the basis of GameFi 1.0 and creating a new game mode. Looking to GameFi 2.0 more for:
It is more towards social research and development, with the attributes of DAO, allowing game players to obtain a higher degree of freedom than traditional games;
Copyright Notice:
About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
Footprint Analytics official website: https://www.footprint.network
Discord community: https://discord.gg/3HYaR6USM7
Telegram: https://t.me/joinchat/4-ocuURAr2thODFh
The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
Copyright Notice:
This work is original by the author, please indicate the source for reprinting. Commercial reprinting needs to be authorized by the author, and those who reprint, extract or use other methods without authorization will be investigated for relevant legal responsibilities.
