The bear market has been tough on everyone, especially on crypto investors. But don’t forget that some of the best investments are made during bear markets.

Bear markets are a great time to research, increase knowledge, and pursue the smell of opportunity.

The GameFi industry is a new and emerging industry that is based on the premise of using crypto and blockchain technology to create a new type of gaming experience. The industry is still in its early stages, but it has already begun to gain traction with investors, game studios, and gamers.

Despite the fact that most of the play-to-earn projects take a big hit during the recent crypto crash, VCs don’t stop investing in more new projects, as the recent reports on the industry show.

The combination of gaming and crypto is a perfect fit, that’s why GameFi is here to stay.

So how can you benefit from that?

Well, identifying the trends before everyone jumps with FOMO is key.

In this article, we will talk about the possible trends in the GameFi industry. So if you’re looking to get in on the play-to-earn action, read on!

1. The Rise of “Play and Earn”

The rising popularity of blockchain-based games has given rise to a new type of in-game economy, often referred to as “play-to-earn.”

In these games, players can earn real-world value for their in-game accomplishments, whether it’s through the sale of in-game items or the receipt of cryptocurrency rewards.

This new type of economy comes with problems. As we have seen from many play-to-earn games, the way they use this method doesn’t offer sustainability, at least for now.

Because most of the crypto games’ tokenemomics is not much different than ponzinomics, often proposes quick ROI to get attention, and always depends on the new gamers or investors to buy the game’s token.

That model has to evolve. In the next bull run, we will see more blockchain game projects that focus on the ‘play’ part, not the ‘earn’ part. The games that are actually enjoyable and can offer a unique gaming experience will have a better chance to create a sustainable blockchain-based gaming project.

Because of that, in the next crypto bull run, we will likely see the rise of the “play-and-earn” trend.

2. Big Game Studios Jumps In

As the global games market continues to grow, traditional game studios are starting to take notice of the growing play-to-earn and GameFi spaces.

While these studios have largely ignored the space up until now, the potential for revenue and engagement is too great to ignore any longer.

With that said, there are still many challenges that need to be overcome before traditional studios can fully enter the play-to-earn and GameFi spaces. For one, these studios will need to find ways to integrate these new monetization models into their existing game design and development processes. Additionally, they will need to build relationships with the crypto wallets and exchanges that facilitate these transactions.

Nonetheless, the potential rewards of entering the play-to-earn and GameFi spaces are too great to ignore.

Traditional game studios are interested in play-to-earn because it gives players a reason to keep playing their game. In the past, most games had a limited shelf life because once players beat the game, there was no reason to keep playing. But with play-to-earn, players can keep earning value from playing the game, which gives them a reason to keep coming back.

GameFi is interesting to traditional game studios because it enables them to create play-to-earn economies without having to build their own blockchain or cryptocurrency.

We’re already seeing some traditional game studios experiment with play-to-earn.

We expect to see projects from traditional game studios will create a big trend for GameFi in the next bull run.

3. Better Gameplay, Better Graphics, Better Stories

As the GameFi industry continues to mature, we are seeing games becoming better at gameplay, graphics, and stories. This is a trend that is likely to continue, as developers strive to create more immersive and engaging gaming experiences.

One of the most important aspects of a play-to-earn game is the ability to generate in-game rewards for players. These rewards can come in the form of in-game currency, items, or access to exclusive content. In order to encourage players to keep playing, developers need to create games that are fun and rewarding.

We are already seeing this trend in games like Star Atlas and illuvium. Many more to come.

As the GameFi industry continues to grow, we expect to see more games that are able to generate real-world value for their players.

This will create a more robust and sustainable ecosystem for gaming, and it will also help to foster greater innovation in the space.

4. The Ownership

The recent popularity of non-fungible tokens (NFTs) and play-to-earn games has led to a new wave of interest in digital ownership. In an NFT-based game, players can earn and own in-game assets that have real value outside of the game. This type of ownership gives players a sense of pride and accomplishment, as well as a financial incentive to keep playing and progressing in the game.

Ownership in NFT-based play-to-earn games confers a number of benefits to players. In-game assets can be sold or traded for other assets or cash, providing a way for players to earn income from their gameplay. Additionally, owning in-game assets can give players a sense of status and prestige within the game community, as well as provide a way to show off their accomplishments to other players.

One of the benefits of participating in NFT-based play-to-earn games is that players can own a piece of the game itself. This can take the form of virtual land, in-game items, or even characters. Owning a piece of the game provides players with a sense of investment and responsibility for the game itself.

Players who own a piece of the game are also more likely to be active and engaged with the game. This is because they have a vested interest in seeing the game succeed. They are also more likely to encourage others to play the game and to help grow the community.

Ownership also provides players with a sense of autonomy and control. When players own a piece of the game, they can choose how to use it and what to do with it. This can make the game more fun and rewarding.

True ownership is one of the key propositions of blockchain gaming. It is easy to see that when the GameFi ecosystem has more successful and sustainable games, the feature will create its own trend in the next Gamefi bull run.

Conclusion

When will the next GameFi bull run? 2023? 2024?

Well, no one really knows.

But when it comes, it will be crucial to catch the next trends for investors. That’s why we gathered the potential trends for the next bull run in this article.

We think there will be four major GameFi trends to follow in the next bull run as we explained above. These trends indicate that the Game Fi industry is here to stay and will continue to grow in the years to come.