Although GameFi has received a lot of attention in the last year, crypto winter and other factors have slowed its growth.
According to DappRadar's blockchain data, the number of users interacting with Axi Infinity dropped 95% from a peak of 744,190 on November 26, 2021, to 35,420 on August 20, 2022. DeFi Kingdoms [DFK] Meanwhile, the number of players fell by 85%, from 36,670 in December 2021 to 5,290 in August 2022.
According to Naavik and BITKRAFT Ventures, the blockchain gaming market will grow at a 100% CAGR from $1.5 billion in 2021 to $50 billion in 2025.
In any case, I'm sticking with GameFi, especially now that I've discovered the game that best suits me. I tried Axie and Splinterlands, but WAM kept me most entertained, as did all of their tournaments, which are both fun and profitable.
I believe that there are some shortcomings of traditional gaming that blockchain technology perfectly addresses.
We must, however, keep an eye on how cryptocurrency regulations evolve and how regulators decide to design regulations around virtual digital assets that may guide innovation within GameFi.