Survey Results Show That GameFi Investors Now Value Fun Above Money.

While around half of the investors first entered the GameFi area to profit, 89% of GameFi investors perished in Crypto Winter 2022.

GameFi, the merging of gaming with decentralized finance (DeFi), attracts a specific type of investor who selects initiatives based on their use case rather than their revenue potential.

The GameFi ecosystem draws Gen Z investors and gamers.

As a result, it serves as a starting point for many first-time investors.

According to a ChainPlay poll of 2428 GameFi investors, 75% of them entered the crypto world purely due of GameFi.

While about half of the investors initially joined the GameFi space to benefit, 89% of GameFi investors perished in Crypto Winter 2022, with 62% losing more than 50% of their profits.

Investors, on the other hand, believe that bad in-game economy design was the primary cause of their losses.

According to the poll, in 2022, investors globally spent an average of 2.5 hours per day playing in GameFi, a 43% decrease from 4.4 hours the previous year.

Fear of rug pulls and Ponzi schemes, as well as poor visuals, are among of the major factors restricting investments in new GameFi ventures.

As a result, 44% of investors feel that traditional gaming businesses' engagement will be critical to GameFi's growth.

Furthermore, when it comes to future GameFi initiatives, 81% of GameFi investors are shifting away from the old approach and prioritizing pleasure over profit in order to provide excellent in-game experiences.

According to a DappRadar analysis, blockchain gaming and the Metaverse were the least damaged ecosystems by the Terra (LUNA) crisis.

Furthermore, institutional investment in both blockchain gaming and the Metaverse has been sustained, indicating that many top corporations see the potential for great economic growth in both industries moving forward.