How to choose a GameFi project that will make you rich?
Earlier we published an article about how not to get caught up in vile and despicable scams. Today we will add a few more details to these immutable rules. After all, the market is relatively “clean” by now, and it has become much easier to filter out scammers from worthy projects.
What to do and where to look?
You need to look for a project that has a lot of pros and not so many cons, and periodically monitor Discord/Twitter. These are the basics.
Pros:
- An AA/AAA fund investing in a game in downtrend is a huge +.
- There are people on the team with “open experience” (you can find this out by googling) in gamedev, marketing, and game economics.
- The game is built on a blockchain with a large number of active users and developed NFT market segment — that’s even two ++ (there are only 4 such blockchains Solana=Polygon=BSC>ETH).
- The game already has an alpha/demo version or is ready for a game release with updates (specifically playable versions showing the original concept, not a trailer made by a fifth grader on 3 free assets from free unity tutorials).
- The project launches on a mobile multiplatform, it also has social elements and competition.
- Small supply of NFT on the markets with an average/large stock.
- Reasonable increase in the number of active users (without sudden rises to the sky and falls to the bottom).
- A well-thought-out concept and Whitepаper.
- The game offers unusual or unique mechanics (unusual features very often bring good income).
- Also a plus for more experienced users would be an adequately designed economy, both in-game and external (at least burn in-game tokens, please).
Cons:
- The game has referral marketing (rare bursts of active users).
- The project has a large supply of different NFTs on the markets (characters, weapons, lands, etc.).
- Project has dead social media (no activity from people and team) — skip it immediately.
- Rare social media posts from the team — pass.
- The game already has a dead token with a pump phase (a sudden spike that is not backed up by anything) — pass.
- Project has a token, but no game — pass.
Conclusion
Selecting projects in which to invest — a fairly serious matter, you should not treat it with neglect. If you just want to spend your money wisely — buy good olive oil in a tin — but if you want to multiply it, be prepared to analyze a lot. If you think you’re just going to invest a certain amount of money and then just withdraw more, then, unfortunately, you’re in for a disappointment — that’s not how the system works, and you probably shouldn’t do it. Try something else, I’m sure it will work out for you. For the rest of you, I hope these rules will help.
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