Is there a new upgrade from DeFi to GameFi?

Chanel, the designer and famous designer of the world-class luxury brand, left a note with a fashion sense.Trends are perishable and style eternal..Popular products rise and fall according to human preferences, but human beauty will not change significantly in an instant. Popular themes that look the same every day obscure the importance of beauty.

This principle also applies to results. I'm sure you all remember DeFi mining, which has the biggest impact on World Fiscal Year 2020. The whole idea of ​​DeFi mining is provided by Decentralized Finance (DeFi), where a person using virtual rewards can earn tokens by participating in special DeFi applications. Today DeFi mining seems to have been quietly hidden in history and rarely mentioned.

However, recently the Sister Sa team has seen the waves surge overseas of GameFi, both in terms of name and concept, as well as DeFi mining last year. so,Is the old GameFi alcohol in a new bottle or old wood with new branches?, today I will find out.

a. What is Game Pie?

GameFi, the full name is Game Finance, you could call it "Gamification Finance". The rise of GameFi is close to the financial decision (DeFi), born in 2019, and non-homogeneous tokens (NFT), born in 2021.DeFi gives NFTs a more financial character., the market value has improved to some extent.NFTs support P2E (playing for money)., really make the play accessories "clean" and specify membership. For the first time in history, a player can claim to have "had" these toys.

The concept of GameFi is simple, and with the help of NFTs, switching from the old DeFi to DeFi gaming in P2E mode itself was seen as the easiest way.GameFi = jeu DeFi NFT.

The concept of GameFi was proposed by Mary Ma in 2019 by the CSO of MixMarvel. Making money by playing is an important idea. But the GameFi Windmills were real, and it wasn't until October of this year that gaming chain Axie Infinity completed Round B funding, raising $ 152 million at the big event. According to statistics from blockchain players, as of November of this year, GamePie had invested more than $ 2.5 billion. It can be said that every family wants to make the first batch of cakes given out when the new big cake is about to be made.

2. Presentation of the flagship game GamePie

From the perspective of the BizHub team, the existing GameFi game can be divided into two modes: (1) Farm, GameFi mode similar to mining game, requires players to participate in long daily activities. Collect files and get NFT toys or glasses. (2) Gold Series: This GameFi mode usually requires customers to purchase tokens or certain items before starting the game.Basically it is divided into games to win and free games to win.. Below, we use these two distros to showcase our most active partners and GameFi agents.

(1) PDG de Gold Game Pie : Axi Infinity

The most popular game at the moment is Axie Infinity. The game is similar to CryptoKitties, the creator of Pokemon and NFT, which we played when we were young. This game is also a game where you have to hunt animals.

Axie Infinity became popular in July 2021. Players need to train their Axie (pet). While playing the game, players can earn GameFi Tokens called "Small Love Potion" (called Small Love Potion, slp), which can be used by both Axies to kill other Axies.

The gameplay is similar to CryptoKitties and Axie himself is NFT. When players complete Axie training with different skills, they can sell them to other players to get tokens. Axie Infinity is set to defeat 3 Axies opponents if the player wants to win the tournament.

Regular Axie Infinity users bring in over a million, and in some epidemic-ridden East Asian countries, many say they rely on the money they make playing Axie Infinity to support their families. Of course, if you want to play Axi Infinity as a Krypton GamePie Agent, you need to invest in 3 Axies (around $ 1,500).

(2) GameFi for agriculture: my war agent

My Lords of War is a game where you control the battle of the in-game characters (game standards and locations are the same as any home game and must have relationships. Sister Sa team will not say much about it, and the partners themselves appreciate it You can find out). In this game, the fighting power is determined by the character who plays the seeds and the player has to find and complete the seeds of some of the most important characters in the story when they play.

Since then the game has received the same gameplay as CryptoKitties, and new characters, more battles have been developed by the developer. The player is the king of the country. Currently, the game has two maps: a medieval theme and a futuristic theme that spans time and space.

Unlike many other GameFi games, My Master War does not require players to spend money to start the game. But technically it is not free to play to earn money, as players have to always spend money when they need to buy and upgrade their VIP level.

According to the legitimate gaming website, some of that money is defined as "investments that will generate future returns." In short, if you want to earn money on Game Pie without spending a dime, it is impossible, but it is better to work because your salary will not be the same.

3. Legalization of GmeFi

Before we get to the legal risks of GameFi, we must first explain the following: What is the meaning of GameFi? Is it a financial product or an online game? The Sisters Sa team like to see GameFi as a special financial element. Here's why:

(1) p2e is the integration and core of all GameFi operations, which is the promise of income for unspecified people in the community, and investments in public as this is a goal special.

(2) Most of the GameFi products in the market today are the above mentioned Krypton Gold GameFi products, and without an initial investment the game cannot be played, so it is a financial investment.

(3) After investing in GameFi tokens or NFTs and gaining the right to play, players expect to get their value back first and then to make a profit.

(4) GameFi has a higher investment risk. Are the tokens necessary? how much it costs It depends a lot on the activity of the community and the novelty of the game.

To put it simply, are you joining GameFi to earn money or just play? So far, it seems the main goal is to make money. Needless to say, people in Southeast Asia who rely on this to support their families may choose the game better and more accurately if they play more often. The games and the experience are not good.

Fourth, GameFi may be subject to legal risk.

There are two risks of violating the Code and the Code of Criminal Procedure by treating GameFi as a financial product.

(1) Violence

For Chinese users, most of the popular GameFi games now require full VPN access for Chinese game users. This is often referred to as Beyond the Walls. According to Article 6 of the "Provisional Regulations on the Management of International Networks for Computer Information Networks of the People's Republic of China", the computer information must use the international access provided by the State. Public telecommunications network of the Ministry of Posts and Communications. . For a direct international connection. No group or individual can create or use alternative methods of international communication.It is illegal for Chinese people to use a VPN to join GameFi..

For the GameFi game itself, the prerequisite for playing the GameFi game is having a digital wallet and purchasing virtual rewards before obtaining the investment and the game rights. Likewise, the acquisition and The completion of the game's revenues include a variety of game-related benefits that require GameFi to provide a variety of virtual effects to its players. Thus, according to report 924:GameFi-related virtual business transactions are a financial crime and, if disclosed to people in our country, would violate Notice 9.24.

Also, in the case of virtual currency, virtual currency is not fiat currency, so if you consider GameFi to be a financial product, the GameFi platform is the company that provides the financial services maker. First, financial services are not included in the financial functions set out in section 4 of the financial rules, and second, the GameFi platform does not include financial institutions set out in section 3 of the policy. in banks.

As noted in Article 27 (2) of the "Financial Institution Business Regulatory Policy Guidelines," China's popular financial institutions The property management company is well groomed.As a result, the GameFi platform violated the privacy policy..

(2) criminal activity

With regard to the risk of infringement, a special assessment of the player's particular behavior should be carried out. Sister Sa's legal team reviewed the availability of GameFi in our country while they were working.illegal expropriation of public fundsandFund raisingfraudat risk.

As part of the crime of illegal extortion of money from the public, if the offender includes GameFi as an investment and uses it to promise to return to For non-users, uploading money into GameFi is a management violation national financial. . It is illegal in Korea to illegally accept or conceal government deposits to interfere with financial decisions.

When it comes to fundraising scams, terrorists can use GameFi, a new concept most people don't know about, to become GameFi to scam other people's money. In addition, the objective of "illegal existence" is a fundamental source of fraud. ": When scams are used to earn money illegally, the following situations occur. One of them can be determined as" the purpose of having illicit money ". Sellers are also a problem. major problem.

enter at the end

Going back to the question I asked at the beginning, is GameFi old wine in a new bottle or old trees with new branches? I think all of my friends who patiently read the end have their own thoughts. However, Sister Sa's legal team must once again warn that investing is risky, invest quickly, watch your portfolio carefully, and watch out for the scams below.