The rapid growing GameFi market

Based on the fact that the traditional game Free-To-Play mode can no longer meet the higher-level pursuit of players, the Play-To-Earn game mode of blockchain GameFi has opened a new mode in the game industry, and to a certain extent has solved most of the problems of NFT. The pain point that the scene and value cannot be mapped. Players spend money to buy game experiences to play games to participate in game construction, and profit from them has become an important realization method that is more in line with the metaverse economy.

GameFi's "play-to-earn" model has attracted extremely large amount of players and blockchain users. GameFi has been widely recognized as a new field with the lowest blockchain threshold and the easiest way to implement. GameFi= Game+DeFi, which is a blockchain game with decentralized financial attributes, including NFT and token mechanisms, which can also be understood as the game of DeFi. GameFi's integration of DeFi, NFT, and games makes the blockchain no longer limited to mainstream digital assets.

According to DappRadar statistics, the number of global chain game players exceeded 10 million in 2022. According to Blockchain gamer statistics, the cumulative investment in the GameFi sector has reached US$10 billion in 2022. In addition to blockchain funds, traditional investment institutions such as SoftBank and Sequoia are also in list.

Due to the decentralized operation, data credibility, consensus algorithm, anonymity and cross-platform, virtual asset confirmation, GameFi have become the most promising areas in the blockchain world. The blockchain's framework of distributed data storage is GameFi's infrastructure, providing players with verifiable ownership of assets and ensuring that assets can be traded inside and outside the game.