🔥 In the first quarter of 2022, Metaverse, blockchain games and other GameFi projects have had great growth, some trades between GameFis and traditional game companies were valued up to $450 million.
⚡️ Additionally, the amount of GameFi projects have also increased drastically to meet the demand of gamers. May 2022 has seen approximately 30 million GameFi players.
🤔 So, what GameFi projects need to join the market?
1️⃣ Determining which market sector to focus on
2️⃣ Determining large projects holding the market shares and determining which level of projects to target - large, medium or small projects.
3️⃣ Determining the amount of potential players in said market and consider their transferability. Plan out strategies to attract and transform players
4️⃣ Determining the right tools to approach and attract potential players from other projects. All GameFi projects must always remember that GameFi belongs to human’s entertainment needs - however, the unique selling point of GameFis are their Play-to-Earn trait.
👉 Human’s entertainment need is endless. With the game market growing and technologies advancements, GameFi is the next step of traditional gaming. That is why GameFi projects with good visions will definitely survive, thrive and owns the game market in the future.
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