The last few months have been painful for many crypto enthusiasts. Major DeFi platforms like Luna and Celsius have simply got into trouble. Is it simply because their fundamental designs and business models are just flawed. Some would argue yes.
Remember the NINJA (No income, No Job and Assets) housing loan that precipitates the 2008 financial crisis, DeFi can be something like that. Most of us simply honed into the attractive yields offered by various DeFi platforms without fully understanding how is the yield generated and more importantly, sustained.
The ensuing market crash, heralding what many have called a crypto winter, forces one to go back to basics. History has shown that a new technology is often boosted in terms of mass adoption by any of the three Gs. One of the G represents Games and perhaps is the largest trailblazer factor for all things new.
It is time for 2022 to heal itself in the crypto space by focusing on the basics – achieving mass adoption through games. We believe games (and the metaverse) will lead the way in proving that blockchain technology will find a really powerful use case. The market for gamers is many times bigger than those who are constantly seeking higher yields in the DeFi space.
We believe the year 2022 will be a GameFi year. Axie Infinity has started the trend last year and there are many new game projects that have launched and worth a second look. Some of the good blockchain games are Mines of Dalarnia and Sandbox.
In wintery times like this, playing some games may just be the best way to ride out the winter storm.
