More GameFi: DeFi is fully compatible with Metaverse.

Ever since Facebook changed its name to "Meta", many marketers have fallen into the trap of the Metaverse. However, not only meta, but also Microsoft and Nvidia contributed to Metaverse like Disney.

Gemini has invested $400 million to compete with Zuckerberg's Meta, while other players like Epic Games have spent over $4 billion in total on homes outside of Meta Gardens.

Gemini has invested in several developers, including Althea, Somnium Space, Recur and Sandbox (SAND).

There is money to be made in the virtual world, and investors recognize the weight of the metaverse phenomenon following the global changes it has brought in the past two years.

Similarly, the company recently purchased virtual land from Decentraland for $2.5 million, the most significant of the data (discussed later). As the demand for digital fashion and luxury increases, the metaverse will expand its market for digital products.

I'm not exaggerating the fact that someone recently sold a Gucci bag on the Roblox Roblox online gaming platform for more than a real bag. Morgan Stanley estimates that the Metaverse luxury market will reach $50 billion by 2030 (10% of the luxury market).

The sale of virtual land and high-end NFTs is only part of a larger increase that also includes Play-to-Earn (P2E) and sophisticated decentralized finance (DeFi). ), all of these strategies are called "gamepies".

Before jumping into GameFi, let's define "Metaverse".

What is the Metaverse?

The metaverse means too much to people. A virtual world where you can communicate with your friends, family and colleagues, it is a place where you can feel the understanding that you cannot meet in the world and respond to the body. Although many people are involved with VRChat and Second Life in the virtual reality (VR) world, others argue that cryptocurrencies, DeFi, NFT, and Web2 are all metaverse. . In addition to augmented reality and the Internet of Things, we can say that the entire metaverse is.

The following definition from @pierskicks poetically covers all the bases.

"The Metaverse: a global and dynamic digital world that enables people to become more self-aware, social, spatially aware, and able to participate in virtual reality. wide with a sense of connection."

If this translation is too precise, @MarioNawfal provides a more general description.

Anyone who's played Runescape, Sims Online, or Minecraft long enough to feel like a second life can think of a concept of the world you see in tweets.

In Anthony Bardaro's article on Disney's Ultimate Game in Metaverse Design, he mentions Metaverse Principle Matt Ball.

Matt thinks the transition is a "full-fledged business venture" that hasn't changed. "The invisible interaction of information, digital objects/assets and content" expands the physical world and many digital worlds. Metaverse Marketing will be developed and managed by a wide range of partners, from independent developers to DAOs for commercial markets.

Badaro noted the true scale of the Metaverse as follows:

"To call it pure video games, virtual reality (VR) or augmented reality (AR) understates the greatness of the metaverse concept. It already covers all the bases, but doesn't change the time-dwell screen. —— Through Live Streaming Entertainment, Broadcasting, Education, News and Networking."

Perhaps we are still years away from the fictional world as portrayed in movies like Player One or books like Snow Crash (without touching the Matrix Rabbit). However, advancements in virtual reality, high-speed internet, surreal game engines, and blockchain technology have reached levels that will surprise us.

I mean, what is this video?

Who makes the metaverse?

In addition to big data big tech, many companies and groups have created various movements from the metaverse.

As tech companies develop devices that allow them to interact and trade in the virtual world (and explore how best to monetize data and bag holdings), companies such as Decentraland ($MANA) develop Metaverse of Priority Intent. improve the community.

“Decentraland is a virtual blockchain world where users can create their own devices, games, content, activities, etc. The Decentraland region is owned by the community, so you have control over your creations.” - Decentralization White Paper

Metaverse Network Bellweather quotes @pierskicks again: "Cryptocurrencies lay the foundation for financial regulation, openness, international representation and membership through NFTs."

Let me explain why this is important.

Games like World of Warcraft and Runescape have a good market share, but these are limited by special games and strictly controlled by the central government.

For example, when breaking the rules of the game to get capital from Runescape in exchange for your neighbor's fiat currency, it is very easy to run bots to play puzzle language because there is no identification and equivalence that blockchain and NFTs provide. It is also easy to trick other players into buying a hardened account on the black market.

To prevent bad behavior, the company behind Runescape (The Carlyle Group) can trade game quality and business overnight without any client access.

Every time you invest in a game, it's a sad little price that you shouldn't brag about because you have nothing real in this world.

You break our Terms of Service and you lose everything!

Despite the great turmoil to stay in our line and play the paying game, many poor economies in countries like Venezuela rely on Runescape's black gold market to keep them out of the poor.

Introducing GameFi, one of the happiest examples of blockchain technology and NFTs transforming the changing industry landscape while connecting to real-world industry.

What is Game Pie?

GameFi is an intersection of DeFi and P2E blockchain games on the metaverse.

It is an ecosystem that includes possible commercialization by transferring ownership of equipment to players and fostering greater equity, participation and governance of sports energy communities.

In order to understand how GameFi can improve support for collaboration, it is necessary to understand the role of NFTs, P2E, gaming guilds, and some key players in commerce.

The role of NFTs in GameFi

One of the main features of P2E and the Metaverse is the use of NFTs everywhere.

According to an article by the World Economic Forum, "NFTs can be used in a variety of virtual worlds, including logos, objects, landscapes, and personalized items such as digital clothing."

In P2E, players can earn the best NFT for in-game achievements and then sell them for real money. This new construction destroys the special surveillance of the equipment while maintaining security and proof of ownership.

It also draws conclusions. DeFi has been accomplished with Metaverse.

The WEF added: "Sports' greatest potential for achievement is its ability to determine the markets for the creation, acquisition and exchange of digital assets, as well as their economic potential. How this commerce interacts with the traditional commerce and how money will be connected.”

Naturally, P2E will still rely on some form of ultimate control to restrict dissemination to NFTs, but there will be a community environment that will allow everything.

One day we will reach a place where the technology is radically decentralized and the metaverse so vast that it is nearly impossible to monitor how players express themselves or what they trade in it. But today, we are still far from the truth.

NFT development has also quickly become a commodity, a community around some of the most profitable industries that can survive the bear market.

The beautiful artwork and collection has always been like a non-profit store in times of financial crisis. The Metaverse project can benefit from product development and high value experience to compete or partner with trusted communities in the NFT industry such as BAYC and makers and writers who have made followers in the industry. industry like Art Blocks.

NFT-based blockchain game simulation

NFT-based apps like Loot and Rarity have transformed game enhancements by placing the entire project in the hands of the user. These "games" quickly gained credibility and game improvements took place in the gaming industry.

A loot-like community thrives on a highly integrated blockchain world, allowing owners to use it across multiple virtual worlds.

This means that the sword burns in one world may be wet noodles in another, but its true value compounds the problems of the world and the link.ke industry.

Games designed to interact with loot can attract investment and guild scholarships (guilds are at the heart of GameFi, which we'll talk about later).

Communities with few restrictions on NFT development can benefit from NFT aggregators like Genie. This allows extensive registration of different business entities and supports the entire process.

A brief history of GameFi

GameFi is about changing the power of game studios for gamers over the years. From Pay-for-Play (P2P), users pay for games developed by game studios.

Then a free game (F2P) appeared, where users could start playing for free and then decide which game they liked to pay for the experience. The main sources of F2P revenue are advertising and extras (such as players and "skin" products). F2P games have easier access and help game studios communicate with the right players.

Then there is Play-to-Earn (P2E), which uses blockchain and NFT to achieve user-independent ownership of assets. P2E pioneered today's famous brands such as Axie Infinity and Gods Unchained.

The first P2E games were born from the commercialization of F2P games like Runescape and World of Warcraft (WoW). However, most full P2E games today have more of a map switch or game like Farm Town than a WoW style MMORPG (lots of online players role playing).

The future of P2E is interactive in GameFi, attracting market players through the site and rewarding gamers and developers by creating and reimbursing the game tool maker.

However, not all parts of the metaverse can form bridges. Meta will not provide the level of membership, autonomy, or personal information that Decentraland will provide.

However, most meta-conversions will change the underlying techniques used by everyone in the metaverse than in the past. To be honest, Decentraland is still like Lego Island (circa 1997).

Although Big Tech's goal is to get as many cookies as possible, and even with nearly 3 billion game users today, even 1% of that goes to P2E. , it's amazing for GameFi.

By the way, those who find their way to blockchain games and the metaverse may unwittingly contribute to GameFi indirectly. This is because the fees collected on these games can go into DAO's finances and are sent to the DeFi strategy.

Fast forward to now, and Facebook's move to Meta appears to be a major turning point in Metaverse law, despite its history in online communities that flourished even through the 1990s, including Second Life.

When Meta opened up the base of over 2 billion automatic users worldwide, disrupted the realm of the metaverse, and then made Libra a key symbol, the company couldn't stop. Meta can interrupt or consume a single match, including other metaverse features such as Roblox, Minecraft, and Fortnite.

The virtual world in the middle can be created with blockchain technology and also has a strong base of what users can do on the platform, from self-disclosure to virtual business involvement.

Not everyone wants this, but Meta could be the future of Web 3.0.

How big is GameFi?

It's hard to calculate the current and future size of GameFi given the market value and these businesses have grown, but here are some numbers to consider.

Greyscale estimates that by 2025, the virtual gaming world will reach $400 billion and the total metaverse will reach $1 trillion.

BITKRAFT Ventures is valued at $336 billion for the entire gaming industry, while Grayscale is valued at $2 billion.

Goldman Sachs values ​​esports at $3 billion in 2022, even though esports has overtaken the NBA.

Morgan Stanley estimates that NFTs will reach $300 billion by 2030.

According to DeFi Llama, the ATH of DeFi TVL exceeds $273 billion.

The private equity and technology companies involved are all worth trillions of dollars. In other words, there is a lack of funds and capital from the above assumptions.

Games are only one part of the metaverse, but I consider the increase as GameFi will provide the last category in the $100 billion+ range (at least $50 billion for blockchain games). I think the market will be bigger than all of the above predictions in a few years.

Where can I find Alpha on GameFi?

This chapter covers real estate leaders, sports guilds, metaverse real estate sales, and NFT finance.

A Leader in GameFi Infrastructure Transformation

Infinite Axis

Axie Infinity is a leader in P2E and GameFi.

The company recently launched the Ronin sidechain to reduce exchange rates. Axie's Katana DEX has reached around $1.18 billion in revenue in just one week since its announcement, and over hundreds of users have been impacted by DEX.

Axie is second only to Ethereum in the economy and supports a base of millions of active users.

polygon

Polygon leverages the security and network impact of Ethereum and key benefits of zkRollups to support multiple blockchain games. They allocate $100 million to sports and NFT activities.

to flow

Flow by Dapper Labs (founder of NBA Top Shots and CryptoKitties) aims to provide its parent company with the capabilities needed to run a leading blockchain game studio.

change is not possible

Immutable X ($IMX) is a successful leader in NFT and blockchain games. The expansion of Layer 2 technology R&D will have a huge impact on the Metaverse region under their umbrella.

Immutable also supports TikTok's original NFT (probably not available).

gala game

GalaGames aims to create a blockchain games arcade and decentralized racing hall with its unique ERC1155 architecture.

Red Fox Labs

RedFOX Labs ($RFOX), a metaverse company based in Southeast Aria, is developing RFOX VALT, a "virtual world focused on shopping, shopping, and entertainment."

A portion of the VALT exchange will go to holders of $VFOX (who can participate in RFOX.Finance DEX) and RFOX can be used on multiple chains.

With RFOX Games, our goal is to become a leader in P2E and blockchain gaming. Their partnership includes CoinGecko.

In an interview with Ben Fairbank, Founder and CEO of RedFOX Labs, Ben acknowledged that there is a huge market that most people are unaware of. An influencer of e-commerce streaming, Southeast Asia is already a huge industry.

Ben thinks the solid model of the metaverse is to use the existing audience to maintain its niche. The quickest way to get satisfaction from it is to hire a news agency. The company does.

In this way, RedFOX Labs stands out from most metaverse companies that operate alone in the Freelance West.

Ben has also been asked to work with Polygon to reduce costs, and DeFi staking services and DAOs are both on the map.

cav

Enjin ($ENJ) is an Ethereum-based platform integration services (PaaS) and blockchain gaming giant. Enjin supports over 300,000 gaming communities and 19 million registered gamers.

Partners include Collaboration, PC Gamer, NRG eSports, Efinity (Polkadot parachain which supports cross-chain NFTs and reduces network congestion), and Microsoft (yes, GameFi already exists in Minecraft).

Solana

Solana ($SOL) will develop an NFT protocol called Metaplex that allows users to build shops and configure NFT compilers with legitimacy. They recently partnered with Lightspeed Ventures and FTX to fund a Web 3.0 game studio ($100 million funding deal).

Sandbox

Sandbox ($SAND and $LAND) is "a #virtual game world where players can create, customize and obtain their gaming experience".

The sandbox provides game tools based on Ethereum NFTs and offers users plans to earn money or rent a peer-to-peer experience designed using sandbox game creators.

Land and properties in the Sandbox are NFTs that can be bought and sold at market value in the Sand.

SAND is Ethereum's ERC-20 and is an in-game feature that allows users to gain added value over the competition. There are two tokens in the sandbox (SAND and LAND), both of which control their keys.

The sandbox has grown from a 2D mobile game to an Ethereum-based virtual world with over 40 million users and over 14,500 virtual hosts. Snoop Dogg built a big house there and threw a party there.

Adidas recently partnered with Sandbox and Coinbase, indicating that sellers interested in the metaverse could grow even more in the coming months.

Brands like SoftBank are supporting the sandbox and raising a lot of money through land sales. Some sandbox campaigns are owned by companies such as Binance, Gemini, CoinMarketCap, and Atari.

However, Metaverse administrators cause intermediate problems because they rely on AWS servers. In contrast, Decentraland lacks centralization. After four years of hype, the virtual world is just beginning.

guild game

DAOs and other groups are developing "guilds" for Capital to get the most out of GameFi, whether it's P2E strategies, staking and DeFi, flipping NFTs, controlling the launchpad for new game or investment in other guilds.

Guilds work together to open alphas in the metaverse, while nurturing communities that often resonate with them, adding a slice to each.

The design value of the guild is to hire players who would otherwise be shut out of the market. Guilds do this by buying the game, earning the game's heirloom, and lending it to players in exchange for game rewards.

For example, in the popular metaverse game Axie Infinity, users need to earn at least 3 "Axies" to join the game's P2E season. Axies are so expensive that many people have little time to participate. Gaming guilds can lend Axes to other players, who can earn enough money to buy Axes of their own.

By borrowing the "scientific" assets they need to engage with P2E in exchange for a percentage of their earnings, guilds generate significant revenue while providing large sums of money. Thousands of people worldwide participate and earn money in various virtual markets. .

The organization has helped improve the lives of thousands of poor people in the Philippines.

As the guild grew, he acquired various in-game assets (such as NFTs and game tokens) and earned money by investing in other guilds and seed capital in the game.

It's not hard to imagine this guild would expand its DeFi strategy beyond blockchain games such as legacy or liquid solutions to other blockchain processes, NFT isolation, and provide its own tokens. Naturally, tokenization opens the door to staking and various DeFi strategies.

For example, the Yield Guild is developing options that allow participants to participate in more detail. This means that you can invest in a particular area or area of ​​a blockchain game or the entire guild index as you wish.

From start-up capital to expanding moats of active employees, guilds are incredibly beneficial to the blockchain gaming industry. They can play an important role in the future management of the metaverse and the various functions it contains.

Here are some examples of play unions:

@YieldGuild ($YGG) - Pioneer of the P2E DAO concept, an investment environment led by a16z and Delphi. By creating junior DAOs, the Yield Guild can be adapted to multiple areas and activities. Guild tokens reached a total value of $7.5 billion.

@MeritCircle_IO (Support the Performance Guild).

Back from big names like Animoca Brands, Solana Ventures, and Three Arrows Capital, blockchain gaming guild Avocado is worth over $200 million.

BlackPool - Sorare, which recently partnered with Ubisoft, is a DAO value proposition with huge revenue streams.

Guild Fellowships are one of the most rewarding strategies. It includes new forms of DeFi and management that have emerged with the completion and development of DAOs occurring in the digital asset space.

In other words, Game Guilds is a shining example of GameFi that can bring people from the realm of today's gaming industry into the real world, while engaging with many people in games and improving the lives of people.

It's a win-win situation and it's basically the difference between the web 2.0 closed trading metaverse and the web 3.0 open crypto metaverse.

metaverse land for sale

According to Decentraland Land Price work data, people can buy virtual land that can be used for business purposes. Plans near popular areas and easy-to-remember locations keep prices low.

In addition to the above record sales in Decentraland, the Axie Infinity package recently sold for $2.48 million.

Many other players in the digital asset space have followed this model. Digital startup platform @Polkastarter ($POLS) recently announced the sale of a metaverse property to the industry.

Parcel and WeMeta compete with OpenSea for "Zillow on the Metaverse", the best choice for virtual real estate.

There is no need to think about the future of the staff of property managers, parties, casino staff, and embassy staff in downtown Metaverse.

NFT Funding - Liquidity Protocols and Aggregators

Ethereum's NFT transaction volume recently surpassed $13 billion, but total NFT revenue has plummeted.

Market saturation is the expectation that only coveted products will gain value. A similar phenomenon occurs in the realm of physical devices such as business cards.

The NFT Liquidity Protocol solves NFT financial problems by providing the following solutions:

- Create streams like NFTs. See NFT20 and NFTX.

- Fragmentation of NFTs (eg conversion of one NFT into 10,000 convertible tokens). See also unidirectional and fractional. In contrast, Robinhood is following a similar path by splitting its product lines.

Liquidity Protocol has over $80 million in TVL combined. I think that number will increase as the hype wears off and people want to switch to more non-fungible products.

NFT aggregators can solve the industry inertia problem due to asset fragmentation. The only integration needed is Genie, which allows users to buy and sell multiple NFTs from multiple stores in a single marketplace. Users can buy NFT by combining ETH and NFT.

I think some DAOs and gaming guilds plan to use Genie to clear the floors of some NFT cravings that would include virtual lands.

social network

A wide range of GameFi related information, news and lore goes beyond these lines, but I will mention some of the best alphas you can find on this site.

The connections you make in your business go a long way toward understanding what makes sense.

The Discord and Telegram groups of well-known NFT, Play-To-Earn, and Metaverse projects are great places to find conversations. Find out if you have a DeFi Focus partner or your own DeFi starter.

Centralization vs Centralization Decentralization and the Fate of the Virtual World - Dialogue

Residents of the metaverse can more easily recognize that there are no threats from central organizations and that their assets (and livelihoods) are safe on-chain and in their wallet.

Additionally, a decentralized metaverse can prevent malicious attacks due to its decentralized nature (i.e. the servers are also decentralized), and is therefore in theory commercial.

The DAO after this exchange can also use the proceeds from the GameFi global business to fund the vault.

However, the potential for metaverse distribution often depends on how DAOs manage their money.

By the way, I think the insurance for Metaverse and GameFi could be staggering if industry players find the best products available.

A metaverse base may have a better way to overcome a losing market due to its large capital and capital gaps. It also means that people in this transition will have a higher level of insurance security in case something goes wrong.

Decentralized or not, if game creators don't engage them closely in the gaming industry with their corporate revenue model, their game's performance will ultimately depend on both sides of their player base: new players and new players. addicted.

@adamscochran presents a comparison of countries and sports like Decentraland and Axie Infinity in this thread.

I think games like Runescape are the same, and blockchain games like Gods Unchained seem to follow a similar path.

As Adam pointed out, the middle of the curve stabilizes the game and makes it popular, attracting users from both sides.

Blockchain games should not only increase prices, but also public, interest and market losses. The Metaverse must survive completely, but the games within it can go up and down as quickly as the fun or financial support fades.