The difference between GameFi blockchain game and traditional games
What is GameFi?
GameFi, also known as blockchain games, is the concept of “gamified finance” under the integration of Game+NFT+DeFinance. It presents financial products in the form of games, gamifies the rules of DeFi, and then turns props into NFTs. Different from traditional console games, mobile games, and online games, GameFi is a game built on the blockchain. Players can not only experience the fun of the game in the game but also bring actual benefits to the players, so it brings a lot to the game market. a revolution.
It is reported that the concept of GameFi was first proposed by Mary Ma, Chief Strategy Officer of MixMarvel, in a speech at the Wuzhen Summit in 2019, namely gamified finance and new gamified commerce. And GameFi really entered the vision of crypto market participants, thanks to Andre Cronje (AC), the founder of Yearn. Finance. AC once emphasized on the Twitter platform, “Next, we will enter GameFi (going forward we go into gamefi).” Since then, the concept of GameFi has been widely discussed in the community, and new projects and new gameplays have emerged one after another.
Compared with the “Deposit to Play” of traditional games, Gamefi is “Play to Earn”. The former is to spend money to recharge and then play the game, while the latter is to make money while playing the game. The difference this brings can be said to be unprecedented. passed. GameFi also gives more practical value to another asset, NFT, through gamified settings. The NFT items in Gamefi are no longer just commodities to be sold on the NFT trading platform, but can also be traded directly on the market in the game, and the entire transaction process is simpler than in traditional games.
What are the differences and advantages between GameFi and traditional games?
1. Solve the problem of centralization
In traditional games, game developers (such as game companies) control the game. Game data lacks transparency. Game manufacturers can change game parameters at will, which will harm the interests of players. With the decentralized blockchain technology used in blockchain games, all data of the player’s game will be stored on the blockchain network, not owned by a company. Every player of the blockchain game can participate in the improvement and upgrade of the overall game. Players who get game governance tokens can upgrade and improve the game by voting to get a better game experience. Players and games have higher interaction and stickiness.
Earning while playing is the biggest selling point of blockchain games. It is different from the Deposit Play or Free-to-Play mode in the traditional game industry. Gamefi players can earn real money through encrypted assets, and participate in virtual economy construction, and Players of the game can earn rewards for their participation, sell them on the market and earn money. For example, when you upgrade and fight monsters in the game, you can not only enjoy the game but also tokens, equipment, props, NFT, etc., which can be sold in the blockchain market.
3. GameFi makes game assets truly belong to players
As an extension of NFT in the game field, GameFi allows game assets to belong to players. Even if the game dies, the NFT assets in the hands of players can still be traded, avoiding great risks, which cannot be achieved by traditional games.
In traditional games, when a user buys a skin or item, they only get the right to use the game. At the same time, if the game is closed, the right to use will also disappear, and all the money and energy invested will be wasted. Gamefi will fully NFT the game characters. The perfect solution to these problems. Because NFT is unique and irreplaceable, it is often used for property rights and copyright confirmation, and extended to the game field, that is, the only owner of game assets can be confirmed through NFT. This completely subverts the traditional game mode, and also ensures the security of the player’s game assets, allowing the player to become the real owner of the game.
4. Game asset trading is completely free and global
Even with game asset trading platform giants like Steam Market, game asset trading is still limited. The restrictions are mainly reflected in three aspects. The first is that the scope of the transaction is very small; the second is that players in different countries face the problem of inconsistent currency and difficult payment and settlement; the third is the high credit cost of centralized game asset transactions, the risk is high. Because it is a centralized operation mechanism, there is no way for everyone to completely trust this centralized system. If the centralized credit collapses, the interests of all players will be damaged.
However, because gamefi uses a decentralized trading platform for transactions, and payment is also conducted in encrypted currency, there is no problem with the traditional game trading platform mentioned above.
More friendly than DeFi and easy for the public to accept
Compared with traditional DeFi finance, which is rare and difficult to understand, complicated in operation, and large in capital investment, GameFi is more “down-to-earth” and easier to be accepted by the public. The “Paly to Eran” business model that games can make money is enough to attract attention, allowing more non-encrypted players to join the GameFi craze. The bottleneck that GameFi needs to break through, Although GameFi has gained huge traction, as a new thing, gamefi also has some bottlenecks to breakthrough.
On the one hand, the current GameFi projects are mostly non-game practitioners or products developed by some game practitioners who entered the currency circle before 2018, and the market seems to be eager for quick success. Secondly, GameFi is temporarily unable to compete with mature traditional games in terms of game playability. The current game is basically equivalent to copying the mature gameplay of traditional games to the GameFi field, plus the business model of play to earn, and introducing mechanisms such as Token to realize new gameplay. The entire industry needs further innovation, and how to balance the playability of games with the high return on investment pursued by players is also a difficulty faced by game developers.
All in all, GameFi is developing rapidly, but often most players can’t keep up with the pace, thus missing out on the early experience and early dividends of innovative gameplay.Metaversus, as a one-stop GameFi portal, contains GameFi information, strategy, and social gameplay, providing GameFi lovers with a clear strategy. It will carry the entrance service for users to participate in GameFi, with more convenient participation and lower threshold service experience, allowing more enthusiasts to participate with a low threshold.
And, Metaversus will soon launch platform exclusive NFT as a new identity for users in the Web3 era, which will unlock a number of rights and interests by holding NFT, participating in ecological governance, voting, interaction, and participating in GameFi preemptive experience rights to get rich platform incentives. What type of GameFi do you like, or which GameFi are you participating in, you can reply in the comments and share with us.
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