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GameFi sector

Do Not Lose & Earn. About the Promising GameFi Sector

GameFi sector…Is it possible to invest in blockchain-based gaming projects effectively? How will this segment of the crypto market be actively developing in the coming years? Read in our new LATOKEN review!

Many crypto enthusiasts expect GameFi, NFT, and the metaverse to be the most promising segments of the crypto market next year. Large companies in 2022 will likely continue to show an active interest in decentralized gaming projects and non-fungible tokens. So what might happen to the GameFi segment next? Read in our new LATOKEN review!

The popularity of blockchain games

The high interest in GameFi projects is the cumulative result of the rapid development of two areas at once — decentralized finance (DeFi) and gaming. The popularity of GameFi projects is most likely associated primarily with the blockchain networks on which they are created.

Popularity and audience are likely to increase in the coming months. The main challenges for the industry today are the smooth operation of blockchain networks and ensuring security.

Growth prospects

The GameFi sector is a new stage in the development of the blockchain industry. However, at this stage, this direction of the market is “completely undeveloped”; you can either lose everything or make a big profit.

The gaming industry as a whole could promise explosive growth in the next ten years, and decentralized gaming could become one of the fastest-growing niches in the industry. However, do not forget that LATOKEN does not provide investment advice; the article is written for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

The growth rate of the GameFi segment can be judged by the workload of the Binance Smart Chain blockchain, on which many game projects are built. For example, in November, the number of daily transactions at BSC increased by almost 170% compared to October. Nearly threefold growth in a month might be a clear signal that the GameFi industry might go through the roof. 

GameFi industry risks

GameFi project tokens will be in demand next year, but it is not yet clear if this sector will be the most promising. Gaming projects on the blockchain have several difficulties that have not yet been resolved and may negatively affect the growth of the sector’s capitalization.

The cryptocurrency is also still rather poorly integrated into the global gaming industry, which limits the number of investors in GameFi. So far, GameFi projects cannot technologically compete with the gaming industry and, rather, are “indie games,” the audience of which is limited.

In terms of graphics and visual presentation, GameFi projects are not yet perfect. It may take at least 3-5 years to bring them to a fundamentally new level.

GameFi is a young and still undercapitalized sector compared to the crypto market and larger sectors. Therefore, any decrease in market capitalization caused by fundamental processes or negative events can reduce the value of tokens of young GameFi projects while not causing much damage to more highly capitalized projects.

Do you want to learn more about the most promising tokens through LATOKEN Review, and always stay up to date? To do this, just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels. 

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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.