Gamestop and FIFA Officially Enter GameFi

UpOnly | Research #37 — FIFA debuts four Web3 games ahead of World Cup

GameStop enters GameFi through Immutable partnership

Video game retailer GameStop announced via Twitter that it is now trading NFTs minted from game-centric layer-2 protocol Immutable X. GameStop began selling tokenized, tradable items such as cards, in-game upgrades, and digital land plots in October of this year.

FIFA Unveils Four Web3 Games

FIFA, the global governing body of association football, has entered Web3 gaming by launching four unique NFT games ahead of the upcoming world cup in Qatar. After their widely publicized split with game developer EA, FIFA has set the stage for a paradigm shift, striving to become a big player in the GameFi and Metaverse markets.

Going forward in GameFi

There is endless potential for both companies in the GameFi sector. It is easy to see why FIFA has decided to enter the market. Developed with EA, their gaming franchise has been one of the largest in the world for decades and the most profitable feature in recent years is FIFA Ultimate Team. In this mode, players collect and trade cards on a digital marketplace for in-game coins. Below is a graph showing how the market has climbed to over $1.5 billion over the past half-decade.

Navigate the expanding GameFi market with UpOnly

Every week, more and more mainstream companies, organizations, and celebrities are flooding the GameFi market, all with the desire to stay on the frontiers of online entertainment. When huge companies enter the industry, it boosts the market as a whole.

UpOnly’s week in review

About UpOnly

UpOnly is a burgeoning data and analytics platform, providing both gamers and investors with insightful and actionable statistics on GameFi and Metaverse projects. The ecosystem is on its way to becoming a one-stop shop for gamers and investors globally, helping users identify the profitable opportunities the market has to offer. Alongside the data directory, UpOnly has launched a decentralized prediction platform to facilitate betting on play-to-earn and Metaverse events. Spectators can tune into tournaments hosted on-site and bet on the players they believe will come out on top. This is just one of many innovations that makes UpOnly one of the most promising projects on the market.

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