Roy Rahul 
Despite the bearish turn in the overall market, we’re seeing a rush of venture capital funding for both NFTs like the hot-to-drop Book of Gates and Gamefi-based companies maintain a bullish stance. In the July to August period alone, the space has grown from $507M to $842M, a remarkable feat in the midst of another ‘crypto winter’. It’s already clear these will be the way out of the ongoing bear market.
Not the First Time
This is also not the first time we’ve seen these two key sectors provide a clear and actionable way out of the wider market slump. These sectors were sustaining the market in November last year, as well as January and April this year, and they’ve remained remarkably immune to the fickle nature of the wider market overall.
Even if we hone in on the token market, it’s clear that Gamefi and NFT-linked coins are where most investors are still trusting their hard-earned dollars. Despite the turbulent state of the overall global economy, a key predictor of recovery-to-come is when we see specific markets emerge with strong positive growth- and on the crypto and blockchain side of things, these are the two sectors to watch for investors.
New NFT Launches like the Book of Gates
And there’s been a wealth of intriguing new NFT game platforms making their launch in the last few months, too, and some- like the upcoming Book of Gates Trading Card Game- show promising growth signals for investors and gamers alike. With its phase 1 whitelist already nearing fully sold-out, the Book of Gates brings you a rollicking adventure game set in an Indiana Jones-like landscape of action and intrigue. Populated with some of the most compelling art we’ve seen in an NFT collection yet, rich with a whimsical and timeless appeal, each NFT is painstakingly detailed, suggesting investors as well as gamers are going to love this one.
New tokens like this collection are offering bigger returns to those who have the confidence to move early and invest. While it’s not yet a full Bull market, that is far more closely linked to the wider macroeconomics of rising interest rates and inflation than the fiscal viability of the wider NFT/Gamefi market itself, so it is more than understandable.
However, as we see many of these macroeconomic factors starting to indicate a wider global economic movement towards positive growth, the latest funding data is strongly in favor of these two key new markets as the forefront of the next bull market.
Investment is, of course, never a guarantee. However, it’s by moving when the market conditions look favorable- the famous ‘buy low, sell high’- that investors see the results they crave. With strong growth conditions even in bear conditions, Gamefi and NFts seem set to become the driving factor of future market growth. The only question that remains is who will be smart enough to leverage this potential, and who will be left wishing they’d bought when they had the chance.
