algorand: GameFi predictions for 2022: what's next for Axie Infinity, Enjin etc.

BD & Partnership Head

How GameFi sector will look like in 2022?

The GameFi sector is just taking off. Cryptokitties was perhaps the Ver 1.0 for GameFi projects which successfully crashed the Ethereum network for a while back in 2018. Moving on a lot of GameFi projects are being built on other advanced blockchain platforms like Solana, Algorand, Fantom, etc along with Layer 2 like Matic, Cartesei, etc just to make the games playable. The GameFi sector can be broadly classified into the following - 1. Standalone Play2Earn games like Axie Infinity, MyNeighborAlice, Illuvium, UFO Gaming, Star Atlas, Alien Worlds, etc. 2. GameFi Aggregators like Ludena Protocol, Formless.me, etc. 3. GameFi Guilds & Guild aggregators which provides incentives to teach new players - Guildifi, AAG Ventures, etc. 4. Gamehouse - FLOW, WAX, ANIMOCA, etc.

Which GameFi project would you recommend to watch in Q1 of 2022?

The top 10 GameFi projects to look out for in Q1, 2022 - 1. Alien Worlds 2. UFO Gaming 3. MOBOX 4. Ludena Protocol 5. Formless.me 6. AAG Ventures 7. Guildifi 8. FLOW 9. Star Atlast 10. Bit.Country

Is GameFi a good investment? Why?

Yes GameFi projects which have nice games and not just P2E components are good investments, as ultimately they will merge in a single or multiple Metaverses over the long run. So for this reason I would think that in the coming years Star Atlas would do much better than Axie, moving forward. GameFi is a small part of a huge trend i.e Metaverse. Moving forward all these projects can be directly played from a single or multiple decentralized metaverse like SANDS, Decenteland, BLOK, etc. Along with these people can do normal things in virtual world that they do in real-world like chatting, interactions, shopping etc. This is where the future of GameFi looks in the upcoming years.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.