Research Analyst
Games
Executive Summary Web3 gaming – an ever-changing term simply defined as video games with varying levels of embedded blockchain-based mechanics […]
Games
There is little in the way of bullish news when it comes to the current state of Web3 gaming. With that in mind, we'll go over what happened in the markets and zoom out to look at Q4’s overall performance.
Finance
We titled this year’s report The Great Reset because we believe that’s what 2022 represented for crypto – a great reset in prices, expectations, and speculative interest all across the industry. Every major tailwind that propelled the crypto market higher in Q2 2020-Q4 2021 turned against it, resulting in one of the sharpest and quickest price drawdowns we’ve seen to date. Bull markets are where most investors make their money, and bear markets are where you fight to preserve those gains. But long drawdowns have a silver lining in that they encourage deeper reflection, giving all of us a chance to re-evaluate what really matters and where we really want to spend our time.
Games
The total market cap for all gaming-related tokens hit roughly $7.4B at the end of November, representing a 17% increase from September, according to CoinGecko. However, as we will illustrate in this report, this is not a sign that the market is recovering.
Games
Gaming was a primary driver of the 2021 mania, yet it has given way to cold realism as we move into the trough of disillusionment.