Inventory of popular GameFi projects

The GameFi concept quickly grew into one of the most high-profile areas in the ever-expanding cryptocurrency space after it was proposed in 2019. Because of this, many GameFi projects are welcomed by most players relying on their own characteristics. Today we're going to discuss some of the popular GameFi projects.

What is the most popular GameFi

At present, for the mainstream market, the GameFi projects that are popular with most players are:

1. Decentraland

2. Axie Infinity

3. Silks

4. Gods Unchained

In addition, there are many games that are very popular, but because of the limited space, only four games that are recognized by most players are selected.

So why are these four games loved by most players?

1. Decentraland

As a virtual game world, Decentraland is driven by blockchain technology. Players can create their own player image in Decentraland and do shopping, travel, buying land, meeting and talking with other players in the game. Don't you think it seems like every game can do this? But please don't forget that Decentraland is not just a game. It is a GameFi project. In the game, the development team cannot control the content of the player's account, which means that the player's image, land and other in-game assets are completely privately owned! Players' ownership of game assets in their accounts will be recorded by Ethereum transactions and become private assets held by players. Not only that, players can build buildings, set up brands and even sell NFT goods after owning their own virtual land. In short, when players own land in the GameFi project of Decentraland, players can make the land in any style they like like the "owner", or they can put the land on the open market like a real-world house buy and sell transactions.

2. Axie Infinity

Axie Infinity is a trading and battle game where players can purchase Axies, a magical creature inspired by Pokémon, as well as land and various in-game items. The same Axie Infinity as other GameFi project is also based on blockchain technology Driven, players can collect, breed, raise, fight and trade Axies, each Axies is the player's own NFT. If players want to build a stronger team or sell these magical creatures for rewards, they need to raise Axies or let the player's Axies breed the next generation, which not only improves the playability of the game, but also attract a large number of the purpose of making money players.

3. Silks

Silks is a rising star among the GameFi projects that are loved by most players. What sets it apart from other games is that it uses blockchain technology to open the door between the real and virtual worlds. Simply put, Silks provides a platform for players to interact with the virtual world and the real world. In Silks, a GameFi project, players can have digital Silks Avatars and Silks Horses. Silks Avatars and Silks Horses are products that reflect and display horse racing data in the virtual world, They can track the pedigree, training situation, competition productivity and other attributes of real thoroughbred horses in reality. Players can gain profits during the game in a variety of ways. For example: if the player's Silks Horse wins the race in reality, the player will get $STT - Silks' replaceable trading token; or the player can earn income by producing offspring horses after the horse's retirement from racing.

4. Gods Unchained

Gods Unchained is a collectible card game world based on blockchain technology. As a different style of GameFi project, Gods Unchained skillfully integrates popular collectible card games with blockchain technology. The ownership of the card is truly handed over to the player, and it also ensures that the attributes of each card are immutable. Players can get rewards by playing against each other (PVP). It is worth mentioning that Gods Unchained is different from general GameFi projects and the threshold for joining it is very low, because it is free.

What games are P2E

When it comes to the concept of GameFi, we have to mention P2E games, so what are P2E games? 

In fact, the full name of P2E games is called Play to Earn games, which refers to virtual games in which players obtain rewards that can be converted into encrypted token games by doing tasks or player-to-player battles. Among these games, some games require players to make an early investment in tokens or NFTs to achieve profit in the later stage, while some games choose to let players experience the game itself through a free trial in the game, and then let players invest. Earn cryptocurrency.

The operating model of many games is very similar to P2E games, but they do not allow players to eventually trade game assets to other players in the form of NFTs. Therefore, how to judge whether a game is a P2E game can be determined from whether it allows players to trade their game assets to other players in the form of NFT.

What is the best P2E game

After understanding what a P2E game is, some people can't help but ask: "What is a good P2E game?" My answer is that to judge the quality of a P2E game, you can use the team background, financing situation, project business model, number of users, Token economic design should consider these five aspects.

Team background: Generally, the team will be divided into different team members such as back-end development, front-end development, game design, model design, community operation, and business operation. Players can evaluate P2E games through in-depth understanding of the team's background.

Financing situation: Players can evaluate P2E games on one hand by examining the real-time financing information of P2E games.

Project business model: The project business model can be directly reflected in the token price and token market value of its P2E game. Players should be cautious in evaluating this aspect.

Number of users: The number of users of a P2E game also plays an important role in the subsequent promotion and planning of the game, so players cannot ignore this consideration when evaluating P2E games.

Token economic design: Token economic design is very important for the balance and stability of the game mechanism and the player's subsequent Token transactions. Not only that, the choice of single-currency or dual-currency model can allows players to understand the liquidity and stability of funds in the game. Therefore, the consideration of token economic design cannot be ignored in the evaluation.

Put aside some P2E game scams for cheating money, every P2E game exists to bring players a high-quality gaming experience and at the same time hope to bring actual benefits to players. Let "playing games" no longer be synonymous with loss of ambition. Every coin has heads and tails, even Decentraland, Axie Infinity, Silks, Gods Unchained, which are loved by most players, will have various user experience problems.

Is Decentraland a good investment

So taking Decentraland as an example, is Decentraland, which is loved by players, an excellent GameFi investment project?

First of all, among many GameFi projects, Decentraland is currently a project that is closer to the metaverse. Because Decentraland is a true 3D world, the vast majority of GameFi at the moment is more like a microcosm of early games. And Decentraland, the GameFi project, provides a solid (albeit rough) foundation for a 3D world.

Secondly, the virtual land ownership given to players by the GameFi project of Decentraland is closer to the real world, but what is different from the real world is that Decentraland will bring players a fresh experience of slowly groping and gradually building their own virtual land into the ideal look in their hearts, this is the "Utopia" that belongs to the player's individual.

Moreover, the virtual land in the hands of the player can have countless ways to increase the value and finally convert it into currency in the real world. As long as there are novel ideas and continuous creativity, even the poor people in the far corners can be transformed into rich business tycoons.

But is Decentraland an excellent GameFi investment project? It depends on whether the player has enough ability and opportunity to grasp Decentraland.

The conclusion

The GameFi concept brings "play and earn" opportunities. However, as a player, you must remember not to venture into the crypto market. You must remember that benefits and risks coexist.That‘s why only players who are always vigilant and guard against economic risks can go further.

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