GameFi opportunities and challenges in 2024

GameFi entrepreneurs need to carve out a perfect game plan to make a comeback in 2024.

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GameFi could be set for a landmark year, with several Triple-A (AAA) titles scheduled for release. Could 2024 be the year that blockchain shakes up the traditional gaming market?

GameFi titles haven’t always enjoyed the best reputation with the general gaming public. Critics of the genre point to lackluster graphics, uninspired game mechanics and a general lack of fun. Even more galling is that the tokenized elements of GameFi titles often prove difficult to sustain in the long term.

But GameFi could be set for a reinvention if industry experts are to be believed. Mark Long, CEO of Shrapnel — a AAA first-person extraction shooter that includes a creator ecosystem — is among the voices predicting positive things for the industry. Long was quick to admit that blockchain titles currently have a very mixed reputation, but he argued that the next wave of titles will confound critics.

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