BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home GAMING

Why GameFi Investors Now Focus on Fun over Profit

BlockNews Team by BlockNews Team
September 2, 2022
in GAMING, NFT, OPINION
Reading Time: 4 mins read
1
SHARES
15
VIEWS
Share on XShare in TelegramShare on Reddit

Current GameFi investors are putting more money into blockchain gaming not because of the potential profit but because of creating genuinely fun games that people will continue to play. According to a survey from ChainPlay (a GameFi project focusing on competitive gaming), over 89% of the sector’s investors lost money during the 2022 crypto winter. Over 62% of the holders lost more than 50% of their capital.

Blockchain gaming became one of the biggest successes in 2021 in the mainstream crowd to let players earn money while having fun playing. GameFi, which stands for gaming finance, combines the elements of decentralized finance and video games. However, as more experienced players realize how tedious without the feeling of fulfillment, they leave the game for good.

The ChainPlay survey also displayed the many factors that affect profits worldwide, including lesser hourly sessions, grind-vs-reward ratio, and, as a small fraction, Bitcoin’s influence.

Huge Potential but Not Persuasive Enough

GameFi investors are aware of why traditional gamers despise the business model of play-to-earn (P2E). It did surge as a trend in 2021 but was short-lived in just a few months.

To this day, GameFi developers are looking into matters that could turn the tide in their favor and create amazing games that can rival the internal properties of well-known traditional publishers such as E.A. Games, Activision-Blizzard, Rockstar Games, and Bethesda Softworks.

ChainPlay discovered vital insights that make up the current state of GameFi. According to their discovery, here are some of the negatives:

  • “58% of investors worldwide stated that ‘Poor In-game Economy Design’ is the number one reason for declining GameFi profits”.
  • “Investors worldwide spent an average of 2.5 hours per day participating in GameFi, which is down 43% compared to 2021 (4.4 hours)”
  • “73% of the respondents shy away from GameFi investments because they are afraid of rug pulls, Ponzi schemes, and pyramid schemes projects.”
  • “51% of respondents stated that profits are their number one reason when joining GameFi”.

Additionally, three out of four investors entered the crypto world because of blockchain gaming. However, 51% said they only joined for the profits. Yet, even if the reason was for profits, 81% of them want to make GameFi fun than just tools for earning money.

Critical Solution to Make GameFi the Norm for Existing Gamers

44% of the investors agree that if the most prominent players in the gaming industry collaborate with GameFi, the sector will significantly boost. However, there have been attempts to do so, and most are just considering it, while others completely reject it.

Here are some events that involved high-profile gaming companies:

  • Epic Games CEO Tim Sweeney is interested in NFTs but doesn’t want them in Fortnite.
  • Mojang initially allowed NFTs in Minecraft but suddenly wanted them out.
  • All blockchain and NFT games on Steam were removed.
  • Xbox Game Studios CEO Phil Spencer said gamers were already living in the metaverse for years.
  • Square Enix is in full support of NFTs.
  • Ubisoft released a video of NFT inclusion in their games but was quickly slammed by gamers.
  • Ukrainian game developer GSC Game World supposedly wanted to add NFTs to the upcoming S.T.A.L.K.E.R. 2 game but immediately removed them.
  • Activision Blizzard and Sony surveyed their communities on NFT feedback.

However, some argue that it will not be enough to push the market even if publishers get involved with blockchain gaming. For example, most gamers continue to criticize E.A. Games for their recent mediocre releases. Rockstar Games, generally loved by its fans, had its share of backlash after the lackluster release of Grand Theft Auto Remastered for its terrible visuals and awful game performance.

GameFi Just Needs to Make High-Quality Games

According to traditional gamers’ feedback, the surefire solution is to create a genuinely fun game where players can spend hours on end without realizing they are making money off it.

Smash hits such as Dark Souls, Grand Theft Auto V, Counter-Strike: Global Offensive, and The Elder Scrolls V: Skyrim are some of the favorites for years because of the breathtaking visuals, high replayability, profound lore, and hours’ worth of discoveries.

Existing blockchain games lack all these aspects. Although if proposed ideas for games like Age of Rust, Space Misfits, and Meta Ops can naturally fit P2E elements while delivering what gamers crave, then GameFi will surely stay for the long term for decades.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchainNFTNFTs
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Market Summary: What Happened in Crypto Today?
CRYPTO

Market Summary: What Happened in Crypto Today?

September 3, 2025
Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened
CRYPTO

Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

September 3, 2025
Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing
CRYPTO

Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

September 3, 2025
Flipping Memecoins: Can It Really Be a Full-Time Job?
CRYPTO

Flipping Memecoins: Can It Really Be a Full-Time Job?

September 3, 2025
Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why
BUSINESS

Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

September 3, 2025
Trump-backed ‘American Bitcoin’ Stock Trading Halted After Explosive Opening: Here is What Happened
BITCOIN

Trump-backed ‘American Bitcoin’ Stock Trading Halted After Explosive Opening: Here is What Happened

September 3, 2025
Load More

Related News

Market Summary: What Happened in Crypto Today?

Market Summary: What Happened in Crypto Today?

September 3, 2025
Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

September 3, 2025
Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

September 3, 2025
Flipping Memecoins: Can It Really Be a Full-Time Job?

Flipping Memecoins: Can It Really Be a Full-Time Job?

September 3, 2025
Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

September 3, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews