Footprint Analytics: Will 2022 See the Emergence of GameFi 2.0? | Annual Report 2021
According to Newzoo’s 2021 Global Gaming Market Report, the number of global gamers grew by 5.3% from 2015 to 2021 compared to 2020, and now exceeds 3 billion. In the same year, total global gaming revenue grew 1.4% year-over-year to 2020 and currently stands at $18.03 billion, with mobile gaming revenue set to account for 52% of the total global market.
Gaming is an enormous, irreplaceable form of entertainment. And now, it’s also combined with the blockchain, bringing forth a new gaming model: GameFi.
During the first half of 2021, the idea of GameFi really took shape, defined as a combination of gaming + DeFi + NFTs. Axie Infinity was the first major game to demonstrate how decentralized finance and non-fungible digital assets could work with gameplay.
During the second half of 2021, GameFi overtook DeFi as the hottest sector in the crypto market. With Facebook’s name change to Meta, the metaverse became a widely-known term.
GameFi’s Transactions Ended theYear 2,934% Up
According to Footprint Analytics, GameFi began a period of explosive growth in March, which lasted until August, when transactions stabilized. GameFi’s transactions also went through two growth peaks during this period, on Apr. 9 and Dec. 27.
The two developments that drove these peaks were:
Hive, WAX, BSC, and Ether are the main battlegrounds for GameFi in 2021.
The Top 5 GameFi Games of 2021
The top 5 games in terms of trading volume, according to Footprint Analytics, were:
GameFi Funding Peaks in Q4
As the crypto market for GameFi grows rapidly, major investment institutions continue to enter the blockchain world. According to Footprint Analytics, the fourth quarter was the peak of funding for GameFi.
Looking Ahead to GameFi 2.0
2021 saw NFTs and DeFi gain mainstream acceptance, while GameFi had its first explosion.
What will the next iteration of GameFi be in 2022? At Footprint Analytics, we believe GameFi 2.0 will:
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Date & Author: Jan 13th 2022, [email protected]
Data Source: Footprint Analytics – 2021 GameFi Dashboard
This article is part of our Year in Review series.
What is Footprint Analytics
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.