In GameFi's first year, we're maintaining our momentum in games and gaming platforms.

NFTs have brought endless thinking to the crypto industry and supported the development of the card game industry, digital art, avatar art, generative art, community from NFTs to the hottest GameFi, the end of the crypto world. Morphological Metaverse. NFTs are or will be in the middle of this, now or in the future.

Judging by various metrics such as data industry representation of the project, ETH burning volume, chain performance and recent revenue, GameFi performance ranking for other functions.Taking ETH burner volume and chain performance as an example, Axie Infinity burns more than 17,000 ETH, which is 20% of the total volume burned, which other NFT operations cannot afford. As Axie Infinity operates on the Ronin Layer 2 network.In terms of on-chain operations, Axie Infinity currently has around 135,000 active customers.

There was a lot of money before DeFi and NFT burst, DeFi Summer and NFT fell, but now there is a lot of fundraising on the GameFi site, which we will see in the next few months. The signature was most evident before the advent of GameFi. .Then Q4 2021 to Q1 2022 will most likely be GameFi Summer, and it's likely that we'll all be at a crossroads between NFTs and the crypto world.

GameFi First year, we are at a turning point in history

If 2020 is the year of DeFi, then 2021 will be the year of NFT.

Thinking back to the transformation of the NFT race, in the first stage, Axie Infinity won every level. According to the latest data from DappRader, Axie Infinity, a "play for money" NFT blockchain game project, reached an all-time high of $3 billion across all products, ranking first in the NFT writing category. With total revenue of $2 billion and a $1 billion increase in business in two months, Axie Infinity now totals 840,000 sales and over 1.03 million merchants. The second is CryptoPunks, with total revenue of $1.59 billion, 5,251 total transactions, 19,000 total sales, and the third Art Blocks, with total revenue of $933 million, with a total of 19,000 operations were performed. 26,558 units, total sales of 106,000 units.

Of course, Axie Infinity is just the eye of the game. With so many great GameFi and GameFi platforms emerging from 2021Q4 to 2022Q1, the industry is sure to present another scene. These activities include Star Atlas, Illuvium. and other GameFi platforms include Immutable X, Gala, GameFi and more.

Public records also show that:As of July 30, 2021, the game channel industry has attracted nearly $1 billion in investment compared to $72 million in 2020 as a whole.Most recent investment has been in the GameFi sector, for example, the 27 investment and financial events that took place in the cryptocurrency market from October 30 to November 5. $150 million in Series C funding led by a16z, one of the most recognized organizations in the crypto industry.

In DeFi and NFT tracks, where financial strength is strong, understanding capital is usually the smartest, or the driving force behind the direction of the industry is capital.Earlier this year, with more NFT operations favored by the company, the industry launched the NFT Summer, and the first DeFi installations followed suit.

Give up the frequency of installing and financing personal plans and platforms, and ask about the internal functionality of GameFi, why GameFi has not been popular for a year, two or more, and from this it l most likely. get sick??

In fact, it was built with three GameFi features. In other words, GameFi has to think about efficiency, productivity and efficiency.

Let's take a look at the benefits of GameFi first. There are three ways to understand GameFi, the first is GameFi = NFT DeFi, which means the introduction of NFT loans to DeFi, the second is the gamification of DeFi, users turn their assets into NFT tools, mining by liquidity is the third. No matter what gameplay features the game actually has, the last participant asks is the input/output ratio.

In other words, the most important difference between GameFi blockchain games and games is always how much they earn while playing. World of game cookies.

The second concerns the possibilities of gameplay. At present, GameFi games are far from the same game. However, with native games such as Gods Unchained (developed by Immutable X) and the famous game company Ubisoft, games and beauty will no longer be a problem. .

Finally, the fluidity of the game. The games always have thousands of TPS and cannot be compared to GameFi. However, determining the performance of Axie Infinity after Ronin goes live, we believe that the sidechain, Ethereum Layer 2, supporting process 1 such as Solana and BSC will solve the performance problem.

Therefore, this seems to mark a turning point in the history of GameFi in terms of improvement and frequency of personal operations and platforms in the GameFi arena. In fact, GameFi goes both ways.

GameFi pays for both.

The improvement of the direction of GameFi is divided into the project phase and the platform phase.

at the project stage. If the production level of some of these games has reached or exceeded the current normal 3A (high design cost, long-term development and high cost), games such as Star Atlas, Cradles, Illuvium, etc. It is a project. for.

Of course, as GameFi develops, there will inevitably be near-chain gaming products on GameFi courts. Time is running out, but such games without reproducibility do not last long. ~

Then at the platform level, the GameFi platform is a fully functional platform that supports GameFi features, which can run high performance like Ronin, Immutable X, Gala, Solana, BSC and Ethereum . 2 and Layer 1, and on the sidechain. GameFi is a popular game for gaming and gaming platforms. Yes

The future of GameFi, "city of the desert"?

Obviously, GameFi is at the forefront of improving the blockchain industry, and it is the forerunner of DeFi, i.e. financial gambling. Players generate revenue through Play to Earn. The game itself is completely open. Playing to Win is in the Game Most revenue goes to the good players, not the big centralized gaming companies. Compared to traditional financial models that have been transformed into blockchains, the former has clearly been called a simpler operating model and deserves more attention.

Take the best Axie Infinity as an example. In this game, the player needs to use tokens to assemble Axie sprites. Sprites themselves are also in-game NFT tools. Axie sprites earn revenue through collateral tokens, synthetics, and revenue from mining games, daily operations, and DeFi. In other words, GameFi uses the same inner circle as DeFi, but the benefits of GameFi and DeFi are fun. Many users do not use money to participate in crypto exchanges.

As we all know, Aixe Infinity has become a major source of income for some of the poorest Asian families who are above minimum wage. Aixe Infinity also launched the YGG Alliance (Yield Guild Games) and laid the foundation for the popularity of the FiFi hard game.

So, as part of the development of Aixe Infinity, we can see that the GameFi domain will improve under the leadership of DAO (YGG itself is a municipality), which could be a big step towards a more interesting business model. and open. in the future. It is also the beginning of the success of the blockchain industry and the virtual market.

But we should also know that the Game Channel is still in its infancy and performance issues are still the biggest problem. As the game involves more frequent chain changes, the needs of the following processes will gradually be taken into account with the improvement of high performance 1 standards such as Layer 2, Solana and BSC.

What is the final version of GameFi? Liu Cixin's short story "Festivals That Can't Stay Together", published during Lunar New Year 2016, contains the following text:

"The virtual world of the future is a real paradise, everyone is God, and its beauty is beyond imagination. I just wanted to think about the real world at the time. Everyone who wants to hurry up to pull themselves together The world is slowly becoming sparse .Where people live, in the end no one lives in reality and the world returns to its origin.Before humans, forests and plants covered everything and huge wildlife free to travel and fly on twelve big computers, billions of virtual machines in the human race.”

Will GameFi's final form be the Burning Metaverse? Or will the future Metaverse form be the final form of GameFi? We will wait and see.