# GameFi

Gaming and Decentralized Finance, or the ***GameFi is the next iteration of the blockchain technology***. According to Forbes, the GameFi sector is already an $11.6 billion dollar industry with a daily trading volume of $2 billion (Forbes, 2022). It is estimated that ***this sector would surpass $50 billion by the end of 2025*** (Crypto.com, 2022).

 

The most plausible explanation for this anticipated growth would be the scalable business model of GameFi platforms. Basically, ***the foundational model of a GameFi project involves the creation and growth of virtual lands, but its true success is directly impacted by the business strategy and how that propels the platform’s growth.***

 

***The Space Guild project is built on this model and consists of virtual lands*** called guilds that can be monetized as the player progresses through the levels. With that said, let us further discuss where Space Guild stands in the GameFi arena.