At the beginning of the year, few were not impressed by the phenomenal growth of Play2Earn model games like Axie Infinity. Decentralised finance sided with the gaming industry and formed a long-awaited GameFi sector. What came to replace the Play2Earn model and why? Why is the gaming industry shifting towards creating metaverses and at what table retail investors can get a seat? Why is Create2Earn more sustainable than Play2Earn long-term? Let’s dive deeper into the main question: how to get a piece of the phenomenal $218.7 billion pie that is projected to be the gaming industry size by 2024. Play2Earn ups and downs In the gaming industry, the Play-to-Earn (Play2Earn or P2E) model came to replace the classic Pay-to-Play model. It was a revolutionary idea that came with a new tech wave: games stopped being a hobby for teens and became a multi-billion business that can even help people pay their bills. Ideas that came from the DeFi sector (decentralised finance), helped to create entire in-game economies where people could invest and earn by simply playing a game. But most importantly, in contrast with centralised games, all purchased in-game items were made in the form of non-fungible items, hence unique and liquid, even outside the game universe. The brilliance of the idea was immediately proven by the storming success of Axie Infinity which reached a 2.7 million user base by November 2021, just 6 months after its inception. Y...
