Decentralized exchange (DEX) PancakeSwap, focusing on expanding the GameFi sector, announces the launch of a game market that supports over 9 blockchains. Game developers will be able to directly build, release, and update games on the platform, attracting a potential 1.5 million monthly players. However, it seems that the summer for the GameFi industry still has a long way to go.
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PancakeSwap launches game market
Potential daily players reach up to 1.5 million
GameFi project user attrition rate is rapid
PancakeSwap announced on the 15th that it has launched a game market, providing game developers with a multifunctional platform where they can directly design, release, and update games. The official blog stated that the platform will support blockchains such as Ethereum, BNB Chain, Polygon zkEVM, zkSync Era, Aptos, Arbitrum One, Linea, Base, and opBNB. The mentioned developers will be able to design and release games on this market. Additionally, developers can use tokens and NFTs from the CAKE ecosystem to enhance player gaming experiences and explore new profit models.
Currently, the market has listed two games, including the first GameFi game “Pancake Protectors” developed in collaboration with Mobox in May this year, and the casual city-building game “Pancake Mayor.” The former claims to have had over 25,000 daily players at its peak.
(PancakeSwap launches tower defense game, offering 10,000 CAKE tokens to attract players to join)
The PancakeSwap team stated:
With PancakeSwap’s extensive user base, you can reach a large number of potential monthly players, up to 1.5 million. Whether your game is already highly anticipated or the next rising star waiting to be exposed, we are here to expand your influence.
GameFi, as one of the application fields that was once considered capable of successful breakout, had high expectations, especially the Move to Earn game “STEPN” last year. Previously, well-known blockchain games like Axie Infinity and Illuvium were among the best-performing tokens in terms of price growth during the 2021 bull market. However, as both the token prices and user numbers declined, the community gradually lost interest.
Previous extensive reports from Paradigm and Footprint also pointed out that even though the capital market and startup market of the Web3 gaming industry continue to grow, the consumer market has not kept up. In fact, over 73% of game projects have fewer than 10 active users per month.
GameFi
PancakeSwap
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