ChainIDE#25 GameFi evolution: GameFi 2.0
-
In 2019, the concept of GameFi was proposed and initially defined as Game Finance, which adds elements of financial attributes to games. In September 2020, Andre Cronje, founder of Yearn.Finance, tweeted something like this:At the time, DeFi was moving towards traDeFi (transaction-type DeFi), and in the future DeFi will become more gamified.
At this point GameFi was once again added to the concept of DeFi (decentralized finance).
The concept of GameFi was formed after February 2021, and the definition of GameFi became the comprehensive concept of Game+NFT+DeFi. Through the distributed structure of blockchain, the value of decentralized finance and NFT (non-homogeneous digital assets) is presented through games.
On the one hand, the game has the concept of buying and selling investment with financial attributes; on the other hand, GameFi assets have the unique and untamper-able attributes to guarantee the asset safety of participants.
The emergence of GameFi benefits from the maturity of DeFi and NFT technology and products. NFT introduced differentiated assets based on scarcity to DeFi, while DeFi also introduced commercialized value to NFT through financial means. The combination of the two brought new life to on-chain games.
The market has expanded within the GameFi concept to include several types of games with different focuses:
1)Native GameFi games: Through the borrowing of DeFi, NFT assets can realize the income effect of decentralized finance similar to "digging K". Most of these games are card games, the secondary market is relatively prosperous, and the head chain game has a sound ecosystem and a large user base.
2)Real finance maps GameFi: This kind of chain game is mapped into the blockchain industry with the real financial system. GameFi plays a part of the role of a centralized bank. In this kind of chain game, players can completely experience the financial methods in the stock market, funds, futures and other traditional finance.
3)GameFi focuses on game experience: This kind of chain games focus on immersion, accentuating the attributes of the game, while taking into account the ecology of digital assets in the game, making the game on the basis of fun, the output of game digital assets similar to mainstream digital assets.
Over the years, many GameFi games now show embryonic forms of the metasemes. GameFi has evolved to GameFi 2.0 to integrate the concept of the meta-universe and move forward. GameFi 2.0 will completely decentralize Play AND Earn games, striking a balance between playability AND revenue. It also gives the player complete control, and eventually merges with the meta world for immersive web 3.0-based gaming, living, and social experiences.
Discuss
- What changes do you see in GameFi 2.0?
- What attributes do you think make a successful GameFi?
- What impact do you think GameFi will have on the game industry today?
Reading references
- GameFi Element market release 2021 year-end summary: Fried, ones, encounter cold, wang master need growth
- How New Institutional Economics Explains the Rise of GameFi
- game industry and GameFi study
Welcome to join our discussion ~
-
The insights shared in the ChainIDE#25 GameFi evolution: GameFi 2.0 post were captivating. The mention of choir express tracking within the context of GameFi's evolution was particularly intriguing. This innovative approach truly marks a significant leap forward. The article effectively showcased the promising future of the gaming and financial integration.
-
Math class services often provide access to a wide range of additional resources that can supplement your learning. These resources may include practice worksheets, instructional videos, interactive online tools, and educational software Do My Math Homework. Having access to such supplementary materials can reinforce your understanding of math concepts and allow for independent practice outside of the classroom.