What is Chain Tour? What are the risks of chain games?
Recently, with the rise and development of the concept of the metaverse, under the slogan of Play to Earn to earn money by playing games, ChainGame has developed rapidly with a spark. Playing games and making money at the same time is the dream of many people, so what exactly is chain game? Chain Games is a blockchain game. It is called GameFi in English. A blockchain game integrates games and finance. In short, it presents decentralized financial products through games, because the blockchain protocol is used as the underlying technology. , the irreplaceability of NFT and virtual currency endow the chain game with value attributes. The player's assets can be the NFT of the game character or equipment and the virtual currency produced by the game itself, and the player can obtain income and other assets in the process of participating in the game. award.
There are several reasons for the rapid rise and break of chain games:
The DEFI rules of Chain Games and the NFT plan of game characters and props are integrated into the game, which greatly improves the entertainment and interactivity of Chain Games. Players can not only enjoy the game during the game, but also get the game Virtual currency and NFTs of equipment or characters can be sold and traded on exchange platforms as digital assets.
Based on blockchain technology, the total amount of digital currency issued by the project party in the chain game has been set in advance. The better the game economic model, the higher the reward value, and the more players will join. Unlike traditional game companies, the number of game coins and props issued by the official has the final say, which can be issued indefinitely.
Chain games have a high degree of decentralization. In the later stage, players can vote through game tokens and participate in the formulation and improvement of game rules, which is also a feature that traditional games do not have.
The risks of chain games
> > 1. Policy Risk >
China has banned direct trading of virtual and fiat currencies. All financial institutions, payment institutions, and any so-called token trading platforms are not allowed to engage in the exchange business between fiat currency and virtual currency.
> > 2. Market risk >
The ecological stability of ChainGame itself depends on the stability of the virtual currency market, and the virtual currency market is a speculative market with high volatility. There is no limit on the fluctuation of the 24-hour transaction, and violent price fluctuations are the norm. Once the virtual currency market value greatly increases If it falls, the entire value system of Chain Games will be difficult to maintain.
> > 3. Industry risks >
The current status of chain game development can be said to be savage growth and sand and sand. Many so-called chain game projects have been launched in a hurry, the picture quality is rough, and there is no drama at all. Insufficient, it will cause stampede selling, and even some project parties use the slogan of Chain Tour to hype, and then run away with the money of investors and players. It can be seen that the road of chain games has just begun, because it represents an emerging game field, including fun and powerful financial attributes, and because of its blockchain characteristics, many games to be released will gradually be released. Begin to increase the playability as much as possible on the basis of the economic model. But for now, the playability, security, and compliance of chain games are all problems that it needs to work hard to improve and solve.
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