As GameFi Market Crashes, Blockchain Gamers Remain True Believers

As GameFi Market Crashes, Blockchain Gamers Remain True Believers

Prices of blockchain gamer projects have tanked in recent days, but investors like the long term ... [+] outlook for this segment of the cryptocurrency market. If there is one thing that can be said for anything remotely connected to the internet and a computer screen it's that if it is salacious or is a video game it will probably survive market turmoil. So for cryptocurrency investors – if there are any left after this week's news about Coinbase keeping your crypto if it goes bankrupt (they say they're not at risk of going bankrupt), and Bitcoin BTC heading to $25, 000 (it is around $29, 000 as of this writing) – the sector that looks the most promising is anything related to blockchain gaming or GameFi. GameFi is kind of like this: imagine you're playing 2K Sports PGA Golf and you create a golf course and instead of giving it away for free, you can charge people for it. They pay in the 2KSports token, and 2K gets a cut, and you get a cut. If you're famous, like Tiger Woods, you make millions off the Tiger Woods-designed golf course inside the game. That's the play-to-earn model if it