Why is the GameFi chain game so popular?

Recently, GameFi has become popular all over the world, completely subverting people's perception of games. Will you accept him when the game is no longer just a pointless waste of time and becomes a game of earning money?

First of all, we need to understand what GameFi is. In fact, GameFi is equal to game plus DeFi. Game means game, while DeFi is decentralization. Decentralized finance is added to the game, financial products are presented in the form of games, and DeFi is gamified. Game prop derivatives NFT. The introduction of PK intercom mode increases user-player interaction, improves fun, and earns while playing in the game.

Although GameFi has become a mess recently, it is not a new word. As early as September 2020, YFI founder Andre Gronje proposed the concept of GameFi. In his opinion, the DeFi industry is still in the stage of trade finance, and it may enter GameFi game finance in the future. At this stage, the user's funds will become the equipment used in the DeFi game. After a few months, GameFi in Andre Gronje's mind has emerged, but according to the latest consensus, GameFi is summarized as an equation, GameFi is equal to DeFi plus NFT plus games. Specifically, DeFi is the core of GameFi, NFT is a necessary means of decentralization, games are the shell of GameFi, and the real game is undoubtedly Axie infinity, which is a popular game on Ethereum, allowing players to collect, breed, raise, Fight and trade, token based creatures.

Axie Each Axie is an irreplaceable NFT with unique attributes and advantages that determine how an Axie behaves on the battlefield. According to a July report by Axie infinity, the gaming platform has generated more fees than other cryptocurrencies such as Bitcoin and Ethereum in the past 30 days. Its 30-day transaction volume reached US$670 million, making it the NFT product with the largest transaction volume in July, and the number of daily active users in that month exceeded 800,000. Token Terminal’s statistics further pointed out that in the past three months, Axie infinity has traded at US$342 million. The agreement revenue of the company is definitely leading, exceeding the sum of the agreement revenue of all mainstream projects at present.

There is no doubt that Axie infinity has become a masterpiece of blockchain games and NFTs. Under his leadership, more and more projects have become the next Axie to jointly promote the prosperity of the GameFi track, and more and more funds and manpower are accelerating influx.

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