Where to seek new opportunities in GameFi
GameFi, or Game Finance, was first proposed by Mary Ma, Chief Strategy Officer of MixMarvel in 2019. GameFi, which combines DeFi, NFT, and games together, is also known as “Gamified Finance”. With the outbreak of GameFi and metaverse in late 2021, GameFi games emerged one after another on the market.
In September 2020, the founder of Yearn Finance, Andre Cronje said that “Gamification applied to monetary policies excites me so much. Your funds are becoming gear to use in this defi game. Till now we have been cloning tradfi, going forward we go into gamefi.”
Nowadays, the typical representative of GameFi games is Axie Infinity. At the end of January 2022, Axie Infinity has become the first encrypted NFT game to exceed the sales of US$ 4 billion in history. GameFi game is not simply a game, it also offers the “play to Earn” model, which allows players to earn tradable digital assets while playing. Everything obtained in the game, like equipment, props, token rewards and so on, can all be directly sold in the trading market for real money.
However, judging from most of the existing GameFi games in the market, Most games have problems such as excessive valuation, massive fluctuations of token price, poor gaming experience, etc. Currently, the main dilemma that GameFi games are facing are mainly as follow:
- The excessive financialization and insufficient gaming values;
- Over-issuance of NFT and depreciation of token price;
- Lack of interoperability between different games.
In the setting of GameFi games, the ownership of characters belongs to players, and to maintain the sustainable development of the game’s ecosystem, developers are required to set a tokenomics that perfectly matches the mechanism of the game. A high-quality GameFi game should possess the following characteristics:
- Providing diversified gaming experiences and internal value retention;
- Optimizing the tokenomics and control the supply of NFTs/Tokens;
- Establishing connections with other games to form an exoteric Metaverse.
“MetaKingdom”, the new GameFi game that has been famous in the market recently, satisfies all the characteristics mentioned above.
Metakingdom is an epic encrypted NFT game based on the theme of strategic warfare. By operating and upgrading heroes and territorial kingdoms, players can continuously improve the kingdom’s level and military power, so they can lead their corps to conquer cities and lands, seize treasures and resources, also, they may get more heroes at the same time.
Besides, players are also allowed to form up and join clans so that they will be able to suppress bandits, siege cities, kill monsters, and experience the fun of war with their friends and other players.
According to Sukhindar Singh, CTO of Metakingdom, VP of SimpliFy Solution Pvt., Ltd. That MetaKingdom will be the 1st Play to Earn game in India. With 3D latest features, cool characters, and strong community etc, surprises are waiting in every corner, MetaKingdom will bring an amazing gaming experience to Indian players.
The gameplay of MetaKingdom is mainly PVP and PVE. The PVE mode includes Bandit Suppression, Adventure Chapter, and Hunting while the PVP mode is mainly focused on alliance battles. The picture quality and special effects of each mode are truly amazing and exciting, which will offer players incredible experience and enjoyment.
Moreover, with the searching function, the multiplayer PVP mode allows players to fight against players all over the world and then plunder each other’s resources. As the hero’s level continues to increase, the player’s focus will shift from the single-player mode to the multiplayer mode.
According to an anonymous source, MetaKingdom is about to launch its INO (initial node offering) soon, and they will also select Telegram members for public beta testing with impressive rewards. If you are a GameFi player, don’t miss the chance. For details, please refer to its official Twitter @MetakingdomGame.
Though GameFi has grown rapidly in late 2021, current development of it is still far from what people have expected, cause there aren’t many reliable games for us to invest in. However, GameFi game with huge potential like MetaKingdom is just what the players want.
In 2022, the development of GameFi will be unstoppable, and more opportunities will emerge along with its development. Let’s wait and see!
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