What do you think about the current gamefi momentum?

[Smcchamp]

Why has the GameFi hype died down?

In 2021/2022, the sector grew by 2000%, showing rapid development, and there was excitement about its future. Recently, there’s been a slight resurgence with games like Portal, BIGTIME, Pixel, Pirate, and Counter Fire trying to revive the trend, but progress has been slow. Could this be due to unsustainable tokenomics, lack of user interest, or the games themselves being boring? What do you think is causing this slowdown?

[hustlebuddy0]

Yeah, you're right to an extent, the hype around web 3 gaming is not as much as it used to be, but this is not because the games are boring, I'm currently playing counter fire and it's basically pubg with anime vibes.

I think one of the reasons there isn't as much hype is because a lot of the games that came out were not rewarding enough, but it looks like this is not going to be an issue anymore.

While engaging with counter fire I noticed that some exchanges like Bitget have opportunities that let users like me pre deposit counter fire's in game token $CEC, and get $300 worth of CEC.

I also saw a launchpool where you can stake as low as 5 USDT or BGB to get free $CEC, and opportunities like these would definitely drive engagements with these gaming projects.

[KryptoBull]

Why has the GameFi hype died down?

In 2021/2022, the sector grew by 2000%, showing rapid development, and there was excitement about its future. Recently, there’s been a slight resurgence with games like Portal, BIGTIME, Pixel, Pirate, and Counter Fire trying to revive the trend, but progress has been slow. Could this be due to unsustainable tokenomics, lack of user interest, or the games themselves being boring? What do you think is causing this slowdown?

We've witnessed the success of many GameFi projects in 2021, as well as their failures and disappearances in 2022 and 2023. Most current GameFi projects don't actually have products worth experiencing. Their appeal comes primarily from the Earn factor, not the Play factor, so they can't retain players as well as traditional games.

I'm still following the development of many projects in the GameFi trend, but most haven't been able to create truly outstanding products. Perhaps they're holding back their best games to release during an uptrend when investors are most susceptible to FOMO. I'm not a gamer, but I'll still buy some tokens from large platforms like RON, PIXEL, and IMX to profit from them.

[hugeblack]

I remember that I repeated a similar topic.
If you search in the forum, you will find that your question was already raised, in general we are in 2024 and the things that were a promising investment in 2021 are no longer so because the closure and presence at home was the stampede for this gamefi while the interest rates, the recession and the fear of loss of job is what drives the market In the current situation.

[luckyledger]

I remember that I repeated a similar topic.
If you search in the forum, you will find that your question was already raised, in general we are in 2024 and the things that were a promising investment in 2021 are no longer so because the closure and presence at home was the stampede for this gamefi while the interest rates, the recession and the fear of loss of job is what drives the market In the current situation.

Yeah, everybody waits for the bull to show its horns, and it's a great time to accumulate, making your portfolio better, in my opinion.