As avid followers of the gaming sphere are well aware, Legends of Elysium (LoE) has been amassing quite the support system from a host of companies. The latest ally joining the ranks is none other than the phenomenal “ChainPlay.” We’re thrilled to announce ChainPlay as the newest game partner for the magnificent LoE.
ChainPlay is flawlessly designed to be the premier destination for everything concerning blockchain gaming. It stands as a revolutionary platform, offering gamers a unified and streamlined view into the complex realm of the GameFi market, removing the burdensome task of individual research for each crypto gaming endeavor. With ChainPlay, actionable, real-time, and aggregated knowledge on potential investment ventures and key events in the play-to-earn gaming sector is now just a click away – talk about a time-saver!
The confluence of virtual gaming with decentralized finance, popularly known as GameFi, took the crypto scene by storm, particularly in the closing months of 2021. Given that the industry is still in its formative phase, it’s quite remarkable that approximately 68% of its investors have only recently embarked on this journey, mainly within the last two quarters.
As the GameFi market matures, elements such as the community, backers & partners, and the core team are becoming increasingly critical. An overwhelming 69% of investors assert that a robust community is key to their investment decisions. Close behind, 66% of investors consider backers and partners to be of significant importance. Gameplay also stands out as a crucial consideration for 51% of investors looking into GameFi projects. Tokenomics carries the most weight for 49% of investors, while 38% prioritize the design of the in-game economy, and 31% focus on the graphics. A mere 4% take other factors into consideration.
There’s no question that having ChainPlay as a game partner will add an extra dimension to the captivating universe of Legends of Elysium. Their dedication to streamlining the intricate world of blockchain gaming is a priceless boon for the gaming community. All eyes are on this partnership to see how it will unfold and enrich the LoE experience.
ChainPlay is your quintessential gateway to the world of blockchain gaming. This platform is custom-built for crypto gamers seeking an all-encompassing wellspring of information from various facets of the GameFi market. Instead of digging through each crypto gaming project to uncover potentials, opportunities, and updates, ChainPlay amalgamates and delivers all this data in one convenient location. This collated, real-time intel not only saves time but guarantees that you stay updated on the latest developments within the burgeoning play-to-earn gaming landscape.
GameFi, a marriage of virtual gaming and decentralized finance, seized control of the crypto domain, especially in the latter part of 2021 at the height of its influence. However, perspectives on this virtual gaming economy are ever-evolving and becoming increasingly discerning. Through the survey, we aimed to capture an insider’s view on the current state of GameFi. Let’s delve into some of the insights we’ve gleaned.
The GameFi industry is still in its early stages. This indicates that a majority of investors have not been involved for an extended period. In fact, 68% of GameFi investors have only entered the market in the past year, with a significant number joining during the last two quarters of 2021.
Considering the factors that are pivotal before making a move into a GameFi project, community vibrancy, the support of backers & partners, and the effectiveness of the team remain at the forefront. 69% of investors believe that the activeness of a project’s community is essential when making investment choices. Simultaneously, 66% of investors view the presence of strong backers and partners as a prime investment criterion. Gameplay comes in just a notch lower, with 51% of investors citing it as a vitally important aspect of their GameFi investment strategy. Other investors, making up 49%, believe tokenomics is crucial, 38% advocate for the quality of in-game economy design, 31% emphasize the significance of graphics, while a small 4% base their decisions on other factors.