The GameFi boom is coming. Is it a bubble or a time?

After about a year of meteoric growth, people's understanding of GameFi has refined, which often infuriates the equation: DeFi NFT Game = GameFi.

This simple definition can be seen as a prior agreement.DeFi is the heart of GameFi, NFT supports full distribution, and Game is the heart of Landing.

In fact, GameFi is not a new concept this year. According to public information, the GameFi concept has been applied for 2019.

At the time, MixMarvel CEO Mary Ma first used the term GameFi in her Wuzhen summit speech on financial gamification.

GameFi, which sparked outrage in the early 2021s, rose to prominence in the second half of the year, and one of the popular themes, "The Return of the King," sold out.

The popularity of GameFi is largely due to the popularity of DeFi and the development of NFT technology. DeFi provides NFTs with financial and industry value, and NFTs offer different assets depending on the standard deficiency for DeFi.

The integration of the two is very important and is the driving force behind the installation of GameFi.

What you need to know isAt this point, GameFi's focus is still DeFi, not Game..

While the GameFi model has focused on integrating DeFi into games for fun and collaboration, GameFi is now having a major impact on texture and game creation, and there is room for improvement as well. . big.

Simplicity can be understood as:Compared to the traditional DeFi platform, GameFi is more “rooted” and more accessible to the public..

Even if you don't understand blockchain or finance, as long as you can make money with gambling, it is attractive to many people across the world.

Whether you like players who don't have secret or hidden resources, you can do more with less.

The main characteristics

Like any traditional game, the GameFi mode is very rich, including role-playing games, improved strategies, a multi-user house, a virtual space, etc.

However, GameFi is also different from traditional games, and this is reflected in its key features.

One is decentralization

GameFi operates on the chain and has the importance of decentralizing the blockchain, allowing anyone to participate in the development, implementation and development of games. Game development companies are weakening game controls and better protecting player rights.

The second is DAO management.

Players have more freedom than the traditional game, and can participate in the development and improvement of the rules of the game by voting through the management of the game.

The third concerns DeFi products.

One of the main hallmarks of GameFi's popularity is its "Make Money While You Play" feature. In addition to spiritual fun, players can also earn income during matches. Tokens, NFT assets, etc. can be sold on the exchange platform.

development

According to data sources, the current market value of the GameFi project exceeds 10% of the total market value of NFTs.

In a subdivision comparison, international art revenue is estimated at $ 60 billion and the total value of international art is over $ 180 billion, so it is clear that GameFi's outlook will be brighter and Happier.

Taking AxiInfinity as an example, the current value of AXS secondary market is around $ 4.1 billion, and the total secondary market value from second to fifth is still less than $ 1.5 billion, the market is therefore always risky.

Gamers have a high demand for fast, fresh, efficient game updates, etc., but the challenge of planning the game for users is not the key. In general, the market will be made up of several co-branded sports, including some popular sports. stratagem.

Sure, there will be a handful of specials, but it's not easy to stay on top without getting pushed around. Therefore, it is very easy for players to engage in or complete multiple activities simultaneously.

From this point of view, the switch between GameFi and DeFi will be very different. Although it is still in the early stages of its development, there is a lot of work to be done and the future looks very bright.

alcohol project

So what are the main features of GameFi right now?

Axi Infini

The most popular game at the moment is the turn-based game inspired by "Pokemon".

Players can control animals to earn tokens to fight, collect, grow, and contribute to the ecosystem by building a kingdom of eleven.

ROV

Blockchain Racing Game is a racing game developed by blockchain game company Animoca Brands, which mainly includes NFT writing and racing games, released F1 Delta Time, MotoGP, Alien Worlds and many other kinds of games.

MyDify

It is BSC compliant and similar to CryptoKitties. By July, MyDeFiPe had attracted more than 170,000 users, generating more than $ 54 million in the packaging industry.

Chain keepers

The superhero gaming ecosystem in a player-centric economy where players can participate in free NFT mining and role-playing games.

Py name

Blockchain games used on Binance Smart Chain are new apps, secure, full distribution of opportunities and entertainment.

CoPuppy is developer-friendly and open, allowing seamless interactions with key devices and new DeFi devices. CoPuppy supports a wide range of unique DEFI green applications, allowing developers and users to experience the new NFT.

step hero

A beautiful RPG game on the theme of BSC and Polygon networks.

Inspired by ancient Greek culture, Step Hero has created the most addicting game plan, new gameplay, and the most challenging graphics. He hopes to bring the new sports experience to sports fans.

alien world

In this game, players can mine TLM tokens, participate in battles, and earn digital toys (NFT) to complete in-game tasks.

Farmers of the world

The first WAX based farm game, the player can choose the appropriate equipment, invest various resources and buy land to build a big and fun farm.

The main sources of capital in the competitive agricultural world are timber, food and gold coins, and similar values ​​are FWW (timber), FWF (food), FWG (gold coins). , which players can get by upgrading the farm and working.

R-Planet

An alchemy game in which the player can set new records by mixing different elements. It's also a pay-as-you-go system that allows players to earn money on NFTs they haven't used.

There are also games represented by BigTime, Mist, Ember Sword, and Guild of Guardians, and sandbox games represented by Sandbox, Roblox, and Decentraland.

the future

From the current perspective, the main players in Gamefi are game developers, gamers and game guilds, creating a stable market.

and forward,It is very important for Gamefi to integrate more and build a more successful business..

Vertical integration allows Gamefi to take value, experience and more to the next level, and build a solid foundation for promotion.

GameFi also wants to go social and DAO.GameFi Switch to DeFi NFT DAO / Social Mode game..

For gaming fans, a variety of in-game interactions need to be tight and an integral part of GameFi's passage into the meta-universe.

According to the data, global sales are expected to reach $ 176 billion in 2021, with the Asia-Pacific region accounting for more than 50%, with sales reaching $ 88.2 billion. Conflict. In Asia-Pacific, Chinese gamers accounted for the largest number, accounting for over 50%.

So whether it's traditional games or GameFi, China will be a big market.

In the future, as Head GameFi improvements like Axie Infinity and Sandbox become more mature, more and more tasks will occur and the number of participants will increase. Enter the game and collect your capital.

In addition,Continuous improvement in blockchain, AR / VR, artificial intelligence and other technologies, as well as the acceleration of the concept of meta-space, will all play an important role in the rapid pace of GameFi..

We can expect GameFi to bring some fun people together and work together as one, creating a huge, healthy and mature business.

Finally, while GameFi has a bright future and plenty of opportunities, it should be noted that there are a few bubbles now. There are many fishing activities in the water in question which are not good and serve to deceive. You need to keep your eyes open and engage with caution.