> For the complete documentation index, see [llms.txt](https://fishandchipsclub.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fishandchipsclub.gitbook.io/whitepaper/market/market-analysis.md).

# MARKET ANALYSIS

The Play-to-Earn market cap in July 2022 is approximately $7B, after reaching $30B in December 2021. 

Despite the recent price drop, more and more traditional video game players such as Ubisoft or Epic Games are investing in Web3 and Play-To-Earn. 

Below, we can see the top P2E projects by their Market Cap. N3RDGAMES will have an initial Market Cap of 1,4M$  without liquidity, and 2,5M$ Market Cap with liquidity at listing. The growth potential of N3RDGAMES in the relatively new blockchain gaming market is huge.

### P2E PROJECTS IN TERMS OF MARKET CAP

![https://coinmarketcap.com - 27.07.2022](https://2130692470-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLn8r9z75Z2uVJs7B77aD%2Fuploads%2FBiZUUbHu8ITUYmCkpU0a%2Fimage.png?alt=media\&token=2575b84e-c1f9-4eb6-876b-c39a7c8c2702)