As one of the hottest concepts in the crypto market in 2021, GameFi's biggest success lies in making P2E a reality, and the daily revenue of Axie Infinity, the head project in the field, is even closer to the glory of the king. So what kind of sparks will the GameFi collide with the metaverse and the NFT?
The so-called metaverse, we have talked a lot before, is a virtual world from the real world, and beyond reality, in fact, GameFi can be said to be a preliminary realization of the economic feasibility of the metacosm, which is completely brought out by the metacosm of the fire.
(Image source: Internet)
GameFi is also known as "chain game", that is, game+finance, literally understood is gamified finance, the financial products are presented in a gamified manner, and the concrete elaboration on the blockchain is the combination of DeFi + NFT.
Looking back at the previous class, we mentioned that the high price of an NFT avatar sold for 2.52 million, and the biggest value lies in its "uniqueness", and the player's equipment or props in the game also have "uniqueness". To put it simply, user assets can not only be used as equipment or tools in the game process, but also can be sold in the trading market to earn income from equipment, props, tokens and other NFTs.
Play-to-earn
In traditional games, although game assets such as props in the game are still in the player's account, the actual "ownership" is still in the hands of the developer, and the player can only belong to the consumer, not the owner.
Example:
You play Glory of Kings, you buy a lot of skins, you spend a lot of time playing games, you spend a lot of time running your account, and suddenly one day, you don't want to play this game anymore, but your skins, props, heroes, all the assets in the game, can't be "returned and sold", and after playing for so long, you seem to get nothing.
But GameFi is different. In this environment, Axie Infinity also rose to prominence. In Axie Infinity, players can breed, breed, and upgrade Axes; by engaging Axies in battle, the winner receives Axie Infinity's native token, TheMooth Love Potion (SLP). SLP is also used for axe breeding, but SLP can be sold directly, and players can exchange it for other cryptocurrencies, or fiat currencies.
Compared with traditional games, the core competitiveness of chain games is:
First, the degree of decentralization of the game is high. Without a unified company operation, anyone can participate in the development and construction of the game, even the original developer of the game, there is no permission to control the development of the game or close the game.
Second, earn while playing. Because the game adds DeFi attributes, players can not only get the fun of the game in the process of upgrading and fighting monsters, but also get tokens, equipment, NFT props, etc., which can be sold as assets in the blockchain's NFT platform and trading platform.
Third, the player's degree of freedom is extremely high. Players can vote through game governance tokens and participate in the formulation and improvement of game rules.
So, how will the metaverse empower GameFi?
The current chain game is just on the outlet of the metaverse, so it has also received a lot of attention, but the chain game is just in its infancy. Similarly, the metaverse is only in the conceptual stage, from the perspective of game experience, chain game has indeed changed the setting of traditional games, allowing players to find their own virtual world in the game and get more ways to monetize.
We can imagine the existence of a metaverse that can accommodate a large number of games..... How wonderful is the linkage!! How much do you know about chain travel?
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