GameFi will grow to a $2.8 billion economy in the next six years

Absolute Reports’ most recent survey predicts critical growth for said GameFi industry over the next six years.

According to the evaluation, its play-to-earn NFT video game industry will generate an estimated 2.8$ billion in revenue between 2022 and 2028. Moreover, the compound annual growth frequency over six years is 20.4 percent.

This anticipation arrives in the middle of a ferocious crypto bearish trend, which has effectively ruled out any severe ventures or enterprises.

The Sandbox, Immutable, Decentraland Dapper Labs, and Sky Mavis are among the pioneers in the sector of play-to-earn video game expansion featured in the study.

It also categorizes GameFi by category, gamepad, and market territory.

What are the arguments for this forecast?

Per this review, enterprise capitalist investors’ involvement in investing in new businesses during the downturn has increased. For example, Animoca Brands recently acquired three companies inside the GameFi environment.

Regardless of economic conditions, there is a significant increase in customers of blockchain-based video games. To 2.94 million or 2.49 million customers, respectively, WAX and Binance Smart Chain had seen constant community statistics.

Blockchain-based titles appear to become accessible, available, and approachable to see this.

Since then, it has become clear that playing games have continuously served as a gateway for different individuals to interact with the cryptocurrency world.

However, specialists warn that as Web3 evolves, GameFi will need to adapt as well. In the latest conversation with Crypto Raiders founding members, they urged programmers to prioritize enjoyment over financial liberalization as they build systems.