Discover more about GameFi and NFT from our venture investor 7 O’Clock Capital

Weld Money
4 min readJul 19, 2022

Since the IDO and the launch of the WELD native token on the market, the Weld Money core team has 30+ specialists, we have conducted listings on centralized (BitMart, Bitrue) and decentralized (PancakeSwap, Uniswap) platforms, achieved numerous partnerships with crypto, blockchain and fintech leaders market and received support from Concorde Capital, Magnus Capital and 7 O’Clock Capital and other essential investment companies.

We want to share with you several snapshots of publications prepared by 7 O’Clock Capital team on exciting topics.

GameFi and its perspectives

GameFi, the intersection of DeFi and Play-to-Earn (P2E) blockchain gaming in the metaverse, is an ecosystem that incentivizes higher loyalty, engagement, and active governance by transferring ownership of assets to players and driving the economy of these gaming communities.
The future development and value of blockchain games are self-evident, as, e.g., Axie’s role has seen its peak production exceed 2 million DAU and generate over $2 billion in sales and distribution revenue.

“ The game’s future depends on how people, all kinds of people, use it. We are all gamers and are naturally used to surviving and living in games and expressing them through games. Games have influenced our past and will continue to influence our lives in the future,” says Luca from 7 O’clock Capital.

The total market capitalization of all GameFi tokens fell by 15% in the first quarter due to market trends. Still, the total number of GameFi users remained roughly the same as in the fourth quarter of 2021 at around 1.2 million people.
Compared to last year’s data, funding for the entire GameFi market increased by 194.19% in the first quarter and decreased by 40.78% compared to the previous month. In all project categories, indie games (that is, video games typically made by individuals or small groups of developers) outsell other GameFi projects in terms of scope and funding.

GameFi raised more seed rounds in the first quarter than any other funding round and received the most overall funding in strategic rounds. The Polygon project received the most funding, with Animoca Brands being the most active investor.

Based on the overall GameFi market research, it is more stable than other token projects, venture capitalists are also showing a high degree of attention to new projects, and new use cases for making money from sports have added more opportunities to GameFi.

Analysis and forecast of the development of the NFT market

Starting from February 2021, the number of NFTs has skyrocketed, with global monthly transaction volume exceeding $200 million. According to Dune Analytics, as of July of this year, global monthly transaction volume has surpassed $17 billion. Many blue-chip NFT projects have emerged during this process, such as PUNK, BAYC, Doodles, etc. The entire industry is pleasantly surprised by the growth rate of the NFT market. However, this wave lasted only a year and a half, and the monthly transaction volume shows a rapid downward trend.

The NFT market is booming, and its market capitalization has skyrocketed from a total market value of $70 million last January to $22.4 billion. With the constant emergence of projects in the NFT primary market and record total sales, the rapid growth of the NFT industry has brought significant profits to investors. Still, at the same time, NFT investors are increasingly worried about liquidity.

“The industry recognizes that the NFT market will continue to grow. While there are still many assets with untapped potential, NFT transaction volume has exceeded $13 billion on Ethereum. As new assets are tokenized on the blockchain, the number of transactions will continue to increase over time,” concluded Yoko from 7 O’clock Capital.

In the past, blue-chip NFTs (such as Punks) had the most liquidity on the market. Still, because they were too expensive for many collectors to access, NFT liquidity protocols took different approaches.

In addition, according to the data, although the market value of NFT has exceeded US$20 billion, it is minimal compared to the total crypto market value of more than US$940 billion. Of course, the current NFT innovations are only at the level of pictures, games, virtual earth, digital collections, etc. This is only the tip of the iceberg for the scenarios of the emergence and application of the entire NFT, and the limitations are undeniable. It also means that the future market will be unlimited, and the industry needs to work hard to overcome the current NFT bottleneck and achieve diversified innovation.

The relatively severe problem of poor liquidity of NFT financialization gradually became a solution. Lending is a substantial piece of the pie not only in the traditional financial industry but also in the blockchain industry. In the NFT space, it can still be one of the markets with huge potential. 7 O’Clock Capital will also continue to pay attention to the way and form of NFT financialization and witness the “composition” in NFT along with industry partners in the future!

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