Investor confidence has weakened in this bear market. At the same time, however, some areas of web3 are booming. With growing recognition, huge investments and continuous innovation, these projects have a bright future ahead of them.
GameFi is an industry that combines gaming entertainment and finance. Web3 gaming projects reward their players with cryptocurrencies. Currently, there are several game models, although GameFi is relatively recent.
While the ‘play to earn’ model remains the dominant model, new concepts have emerged in recent months. In particular, the Switch to Earn program offers users the opportunity to reward themselves based on their daily steps.
Furthermore, the integration of blockchain in the field of video games is so revolutionary for the industry that new models appear regularly. Today it is possible earn cryptocurrency plant trees, sleep regularly, or even fight other players in the metaverse.
The integration of the Metaverse in GameFi is undoubtedly one of the achievements more promising from the web3. Also, projects that fit into this interface are only at an early stage of development. As a result, the latter have not yet shown their growth potential and offer great profit opportunities for their investors.
Among these projects, Battle Infinity is breaking the codes, offering its players the opportunity to immerse themselves in the universe of the Metaverse to participate or engage in battles in the virtual arena. Many institutional investors have already taken action GameFi potential. As this is an emerging sector, it is one of the best investments in a bear market right now.
It should also be noted that, according to ChainPlay, three out of four new crypto users will be launched in 2022, attracted to GameFi. Furthermore, 68% of investors in this sector went long less than a year ago. GameFi will revolutionize the video game industry and also bring an unprecedented breath of fresh air to the world of cryptocurrencies.
Cryptocurrencies are a risky investment.
DeFi (decentralized finance) offers users of specialized platforms the opportunity to regain control of their wealth. All major trading platforms now offer DeFi services.
Managing your capital through them ensures security and transparency for investors. Furthermore, DeFi smarter risk reduction compared to the traditional banking system due to its pluralistic and decentralized nature.
In some countries where access to banking services is difficult, decentralized finance is becoming preferable. Furthermore, DeFi makes this possible if you use a reliable and established platform. generate significantly higher profits those offered by banking institutions. It also allows you to protect your funds during this time of inflation and uncertainty in the financial markets.
Unlike the first two open sectors, investing in NFT is more of a gamble. However, in many cases it can pay off. Although a year ago this acronym was unknown to most people, This has become important for any investor looking to diversify their portfolio..
As record sales of collectibles grab the headlines, they detract from the usefulness of NFTs. The latter have the potential to revolutionize the creative industries in particular, offering artists the opportunity to increase their revenue by cutting a range of distribution intermediaries.
Also, NFTs allow you to offer at events exclusive experience and new subscription methods. An increasing number of conferences, concerts or festivals are using non-fungible tokens as tickets. After that, their owners keep an exclusive memory of the event that they can keep in the future. As for organizers, they usually offer attendees exclusive benefits at future events.
Another area of application of NFT technology is accessing only this personal data. For example, Vitalik Buterin, the founder of Ethereum, came up with the idea of a digital passport. It is unique and non-transferable and will securely decentralize an individual’s data concentration.
Hence, the development of NFT use cases becomes undeniable. strengthen the industry whose growth is unstoppable.