GameFi Investors Now Prioritize Fun Factor Over Money: Survey

While roughly half of investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022.

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GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors who tend to choose projects based on their use case rather than their money-generating potential.

The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it is an entry point for many first-time investors. A ChainPlay survey of 2,428 GameFi investors found that 75% of respondents joined the crypto space solely because of GameFi.

3 out of 4 respondents joined crypto- currency because of GameFi. Source: ChainPlay

While around half of investors joined the GameFi space initially for profit, 89% of GameFi investors succumbed to Crypto Winter 2022 - 62% of them losing more than 50% of their profits.

GameFi profits are falling. Source: ChainPlay

However, investors believe that the poor design of the game economy was the main reason for their losses. Consistent with this sentiment, the survey found that in 2022, investors around the world spent an average of 2.5 hours per day participating in GameFi, down 43% to 4.4 hours from the previous year. last year.

Fear of draws mats and Ponzi schemes associated with sub-par graphics are among the main factors preventing investment in new GameFi projects. As a result, 44% of investors believe the involvement of traditional game companies can be key to GameFi's growth.