How to "chain" GameFi to earn money and the metaverse?

Another year passes in the blink of an eye, and in 2021, the blockchain gaming industry will experience exponential growth. So what is it that attracts a large influx of gamers and finances into on-chain gaming?

play to win

The sports channel represented by Axie Infinity has created a new commercial product called Play-to-Earn.

In a matter of months, Axie Infinity's daily operations have grown from 4,000 to 2 million. Because it provides the players with income while playing.

Compared to traditional games, Play-to-Earn has changed the business model (or design concept) of competitive games, in which game companies still have money. has become important in providing players with characters, treasures, and limbs.

Many racing games are worth over ten million dollars in a matter of days, guild based racing games are also expensive. For example, YGG, the guild that started with Axie Infinity, jumped to $ 1 billion at a time. business in recent months.

However, Play-to-Earn is not just about changing the business model; the design of all games should be adjusted accordingly.

metagalaxia

The concept of Metaverse has become very popular recently, especially after being promoted by tech companies such as Facebook and Bytedance.

Given that the Metaverse is always at the emotional level where people's perception of the digital world rests on their shoulders, it seems like everything from giants to VR developers could be different.

But nonetheless, sports, especially competitive sports, are the biggest beneficiaries of the wave metacosm.

Touring is now the best way to get into that perspective, as the Metaverse needs enough digital space and NFT is the key to the situation. After all, entertainment and business are attractive to users and the money to participate.

This is enough to explain why the game always spends $ 10 million to be the leader of the game of the same genre, when the competition starts at $ 100 million (of course, this also indicates that there are a few bubbles).

concludes

Currently, the growth of the on-chain game industry is slow, but in the development history of DeFi and NFT, it is the end of the first wave, and the second wave is still in progress. .

The first wave is usually the situation that occurs in many objects, followed by various imitation discs quickly and heat up, but new and innovative products, especially sports, often take a long time to brew.

According to the analysis of the investments and financial strength of the competitive game over the past few months, there will be a big wave of new channels entering after February 2021.

So what's the new second line paradigm going around? And will this affect the business model of the gaming industry?