An in-depth analysis of GameFi's relationship with traditional games, and an understanding of the game in 2022.

GameFi translates into financial gamification, that is to say the umbrella of Game NFT DeFinance. In other words, after the introduction of financially uncertain products in the form of games, DeFi rules are gamified and props converted to NFT.

Decentralized funding refers to applications in various financial industries created by open companies and joint ventures over existing funding, and funding has always been in addition to blocking technological equipment. Its mission is to improve and streamline existing financial systems by creating multiple financial layers based on blockchain technology and cryptocurrency.

Strikes in some areas have deep reasons, such as environmental impacts, for example by business leaders, or investment. The evolution of the GameFi domain is the same.

The popularity of GameFi in 2021 can be estimated for the following reasons:

1. Rise and expansion of the concept of metaverse

2021 is known as the first year of the Metaverse, and the term Metaverse is derived from writer Neil Stevenson's new sci-fi novel “Avalanche”.

The current consensus of the concept of metaverse is that it is an equal virtual space and independent of the real world. This space is an extension of the longevity of human life. The virtual world of our life in the real world. effect.

When talking about Metaverse, GameFi is often referred to as the blockchain distribution technology model. By analyzing heritage rights through decentralized models and blockchain technology, he can connect with the real world. Create a relationship map. with the virtual world.

Now GameFi is a financial challenge, bank loans and retailers come at a cost, and it's mature, so the terms of Metaverse and GameFi are useful in supporting and influencing each other.

2. The rapid growth of the economy is affected by the global spread

The transmission has made a huge difference in productivity and people's lives, including the way they have enjoyed it over the past couple of years. When we work, meet, shop and play in a contactless environment, we find it to be a simpler and more efficient way. .

Due to the spread, some South Asian exporting countries are facing economic hardship. In order to solve the economic problem, it is necessary to find new points of economic development as well as export capital. The way GameFi cards provide the possibilities. It has become a very encouraging experience to spread the popular game Axi Infinity to Southeast Asian countries such as the Philippines, which receives high and low level virtual world income to really make ordinary people possible. For the promotion of GameFi

3. The benefits of sport for winning

At the heart of the GameFi arena are industrial models like Play-to-Earn. It differs from free models for traditional sports games available. Competitors get real money from crypto devices. Actors involved in the development of virtual businesses and games can benefit from their involvement. The results.

In this case, the Chain Games development team shifted from the service role of the existing game development team to that of a developer, and developer jobs were transformed into paying for players to support people. The Evolution and Expansion of the Business The personal transformation of both parties has changed the attitude of the original gamblers using money to make gambling behave like work and money. The most important theme for blockchain players now. .

4. The positive role of guild play

The impact of gaming guilds in the GameFi arena should not be underestimated. Guilds are the best combination of groups and players. On the other hand, the Gaming Guild guides its members to benefit from a high performance GameFi game. Community management is guild-dependent as well, with integration, and more importantly, guild play is where the first players come together, and with hands-on integration and overall strategy, they can have a greater impact on the gaming market.

NFTs are non-fungible tokens that are proof of authoritative devices that are rare, unique, indivisible, immutable, and identifiable.

FT refers to a token that can be exchanged and divided into a homogeneous Fongible Token. For example, there is no difference between bitcoin in hand A and bitcoin in hand B. A $ 100 bill in hand A is equivalent to two $ 50 bills in hand B. splittable is a homogenized token .

Non-fungible tokens are NFTs, which are the only non-fungible tokens. For example, it looks like a renminbi with a number attached to it. There cannot be two RMBs with the same digits in the world, and RMBs with special numbers cannot be divided into segments or exchanged for the equivalent of a small RMB, and they are not homogeneous tokens. .

Compared to homogenized tokens, the important innovation of NFTs is that they provide a means of indicating ownership of digital assets, which are held outside the service medium and are not subject to an organization in the middle. The problem of identifying asset members is very serious.

As a product of NFT, it can be widely used in the following situations in the future.

The first is the area of ​​intellectual property, where NFTs can be art, music, video, graphics, etc. In this area, NFTs follow the Intellectual Property Office, helping to register rights for each specific product. It shows patent.

The second concerns physical assets such as certificates of title for buildings such as houses and buildings, which can be presented in the form of NFTs.

The third concerns data and analysis. Because NFTs are unique, they can be used to identify individuals and birth certificates, driver's licenses, education certificates, etc., and can be stored in digital security to prevent abuse or interference. .

The fourth is that the whole financial bill contains a lot of information about the travel and business process, and when combined with the NFT, the law can be recognized and followed. In addition, in the future, a variety of NFT heritage industries may itself create a segmented financial business.

The last ticket is tickets, such as concerts, movie tickets, movie tickets, etc. Although these tickets are the same, in fact each ticket has a different number, so you can use NFT. Apply in this field.

Currently, the NFT application in the market is unique and generally focuses on small circles such as games, graphic arts, and gaming equipment.

The above figure shows the current data on the top 10 segments of the NFT industry, with OpenSea the largest segment of the NFT industry in the world with 1.38 million subscribers, a market volume of 14.6 billions of dollars. , and the average market value of US $ 939.

The second is the popular global channel game Axie Infinity with 1.62 million subscribers and a market cap of $ 3.9 billion. In the third is CryptoPunks, a cypherpunk pixel avatar with an average price of $ 120,000.

From an international perspective, the number of players on NFT is in the millions, but from an industry perspective, we can see the difference in popularity of all the companies.

There are around 3 billion players in the world, with a market capitalization of $ 175.8 billion, of which 400 million players are affiliated with gaming account devices, and a significant share of the real estate market has reached 38, $ 8 billion. .

However, the problems with the sports industry are still present, and economist Hayek has said that the most important thing for the survival of human life is to protect the private product as much as possible. So what's wrong with the real estate market right now?

Industry-wide trade is still important and there is an asset ownership issue, there is no way for players to become members of the toys and treasures they have spent money on, and they can only be used in games. , but there is no way to have real assets, game developers can change the properties of game assets, and player benefits cannot be guaranteed. The inheritance of the game will be acquired by the player after their account has been stolen, blocked or the game is over.

The image on the left is a case of a certain legal property right.

These restrictions generally apply to three factors, the first is that the transition is very tight, the second is that players in many countries face different payment advantages and problems, hard money and solutions, and the third is high lending rates. High risk, centralized game trading tool. Since this is the central operating support, there is no way that everyone can trust the centralized system, and any collision of credit intermediaries will result in damage for all involved.

The size of the NFT industry is growing year by year

According to the state of DApp data, there were already 665 DApps on-chain games released in December 2021. In all data from 2017 to 2021, the number of on-chain games shows relatively stable growth. In addition, according to data from the DApps radar, the number of players in the wallet and gaming industry in 2021 will show a further increase.

Therefore, I believe this place will become the electricity of the future, and I hope we can ride the wind and waves with the good existing manufacturers to develop higher costs in the new electricity.

Home game developers may have to pay for NFTs and previous competitive games, but there is no way to create NFTs or all of the built-in games due to the lack of use of technology in new areas. and market problems.

We want to help more CPs take their first steps into new areas through our product solutions and advertising partnerships.