The mainstream opinion says that crypto will change gaming forever, and GameFi will bring a billion users to Web3. But the reality is harsher; still, there is no genuinely mainstream Web3 game where users come to play, not to make money, and stay for a while. Let's break down why this is the case and how soon that will change.

After Solana made quite some noise, Avalanche started becoming popular as well.

Gaming is arguably one of the best things to have happened to blockchain over the past couple of years. Play to Earn games have attracted an enormous amount of users to crypto, introduced them to various decentralized applications, and managed to retain them (at least for a period of time). However, as so often happens, the eventual fall has been as dramatic as the rise.

Many opinion leaders view the current state of blockchain gaming as a dying trend. The problems associated with the economic models of certain games are forcing players and venture investors to sell their project tokens, and the current events in the market is only worsening the situation.

GameFi Projects popularity has skyrocketed over the last year. This year the blockchain gaming sector is flourishing thanks to the rise in popularity among VC firms. Let's take a deep dive into recent high-volume gaming ecosystem fundraising rounds for more insights.