Every cryptocurrency bull market was driven by a few big narratives.
In 2017, it was Initial Coin Offerings (ICOs). In late 2019 and early 2020, it was alternative Layer 1’s and NFTs.
GameFi will be the big narrative for the next bull-run. Here's why:
During the last bull market, blockchain gaming companies raised a lot of venture capital.
Limit Break and Gala Games are two examples of such companies who have raised $200 million each.
In mobile for example, it takes 2-3 years to create a hit game, including the design, programming, testing, soft-launch, and launch.
Gala Games has partnered with two big IPs, The Walking Dead and Battlestar Galactica. Big IPs help onboard new players at much lower costs.
Hit games will be released just in time for the next bull run. They will 10x what NFTs did because it will have one of the best utilities: FUN.