Data Sources:
Data Sources:Footprint Analytics GameFi Dashboard
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Screenshot source: Newzoo official website (proportion of game player data in each region)
MetaverseMetaverseFrom science fiction to reality, but for now, the computing power and computing speed in the blockchain field are not as good as the Internet world, and the metaverse will be moreGameFiimage description
Footprint Analytics: Top GameFi & Affiliation Chains(Latest Day)
In what form does GameFi present the blockchain field? This article will take you into the GameFi field from the following 5 angles:
The concept of GameFi
GameFi data performance
Top games right now
Funding at GameFi
Pain points of GameFi
The concept of GameFi
Game Finance, referred to as GameFi, combines DeFi, NFT and games. First proposed by MixMarvel CSO Mary Ma in 2019, elements of financial attributes were added to the game.
Later, in 2020, the Play to Earn method appeared, allowing users to enjoy the fun of the game while bringing in profits. Under the influence of the epidemic, the well-known Axie Infinity game has given many families in the Philippines and other countries to earn living expenses.
The real concept of GameFi will take shape after February 2021. Through the distributed structure of blockchain, games will be used to present the value of decentralized finance and NFT.
GameFi is currently divided into two types of gameplay, "Nong" and "Gold".
Agricultural games. The whole process of the game is similar to the "mining" mode. It takes a long time to participate in the game to earn more game props or equipment.
Gold game. Games usually require players to pledge the corresponding Token or props before they can start playing the game.
GameFi data performance
Early GameFi projects were mainly concentrated on Ethereum. Affected by problems such as Ethereum network congestion and high gas fees, users' experience in using it deteriorated and even hindered its development process. However, with the advent of BSC, Flow, and side chains, chain game projects have more options to improve user experience.
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Footprint Analytics: Current Month Number of Games %
Footprint Analytics: Monthly Number of Games : % & Trend
Among these public chains, which chain has the most prominent user circulation?
According to the trend of Footprint Analytics, the number of daily cross-chain GameFi users is constantly increasing. In the field of games, there are more than 30 public chains. The most prominent is WAX, which has continuously maintained 300,000-350,000 users since April The quantity is relatively stable compared to other public chains. WAX's exclusive NFT and gaming blockchain adopts a consensus mechanism based on Delegated Proof of Stake (DPOS) to support high throughput of in-game items. Cloud Wallet, which can still be used without creating a wallet, better captures users.
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Footprint Analytics: Daily Number of GameFi Users Cross-chain
Footprint Analytics: Latest Number & Pnt% of GameFi Users
Top games right now
GameFi applications are diverse, and as the top 10 GameFi volume shows, most are built on
Harmony, Ronin, Solana, BSC and Ethereum are several common public chains. The current active GameFi projects are DeFi Kingdoms,Axie Infinityimage description
Footprint Analytics: Top 10 Games Ranking (Last 10 Days)
Footprint Analytics: Market Share Distribution of Chains and Games(latest Day)
DeFi Kingdoms has the largest transaction volume and has multiple functionsDeFi Kingdoms is a Play to Earn game based on Harmony, which is also a DEX, a liquidity pool and NFT market driven by rare utilities. The vision of the development team is to package DeFi elements into an interesting and synergistic game, providing meaningful and practical value to its Token JEWEL holders.
The ecology of DeFi Kingdoms includes native Token JEWEL, DEX, garden and NFT assets (heroes and kingdoms), as well as game activities that can be carried out using these NFTs.
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Footprint Analytics: JEWEL Token Price
JEWEL is different from other ordinary encrypted Tokens held, mainly in the following aspects:
It is the main value symbol of the game DeFi Kingdoms, and it is also a governance token;
Can be used to purchase useful gear and unique NFTs, enabling game buffs and faster build times and stamina recovery;
Used for liquidity mining and earning income through staking.
The core of DeFi Kingdoms is a decentralized exchange using the DEX head protocol UniswapV2. It also has the following functions:
The development team will provide approximately $15,000 in ONE (Harmony) to the initial ONE/JEWEL pair;
You can add liquidity through any Token pool you want to become a liquidity provider, and once there is a transaction, you can earn fees for the user;
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Screenshot source: DeFi Kingdoms game gardens
DeFi Kingdoms has also built a garden where unique features such as Token pairs and liquidity mining can be represented to improve user revenue and the experience of earning while playing.
Funding at GameFi
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Footprint Analytics:Fundraising Number by Round Per Month
Footprint Analytics:Fundraising Amount by Round Per Month
The following is a summary of game-related financing in December:
L2Y, a GameFi infrastructure and trading platform, completed a $3.7 million seed round;
Chain game Rainmaker Games completed a $6.5 million seed round of financing;
BAYZ, the Brazilian chain game association, completed a financing of US$4 million, led by Yield Guild Games;
P2E game company AAG Ventures received financing from Harmony to cooperate to solve cross-chain interoperability issues;
YGG SEA, a subsidiary of YGG, has completed a financing of US$15 million, which will promote the development of Southeast Asian game communities. A number of Asian venture capitals;
Cosmic Guild, a P2E game guild, completed a $1.5 million seed round of financing;
Chain game SIDUS HEROES raised $20 million;
The P2E game The Parallel raised $4.3 million;
a16z announces investment in PleasrDAO, a decentralized autonomous organization.
Pain points of GameFi
GameFi provides a new way of Play to Earn in the encryption field, which not only increases the fun of players, but also earns money from it, especially in Southeast Asian countries. In addition, GameFi is also developed in combination with DeFi and NFT and other fields, taking advantage of the advantages of each platform, especially leveraging the scarcity of NFT to provide liquidity and the economic model in the DeFi ecosystem, allowing GameFi to develop rapidly in a short period of time.
In addition, there are some pain points in GameFi's current development stage.
The underlying public chain technology is immature, with high gas costs, low performance and network capacity issues;
Security issues, such as frequent account hacking in Metaverse game Roblox, and other data privacy issues;
The game playability is not high. For example, although GameFi in NFT has added more attributes, such as combat mode, incubation and land sales, the playability and fineness of the game are still not comparable to mature traditional games.
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
This work is original by the author, please indicate the source for reprinting. Commercial reprinting needs to be authorized by the author, and those who reprint, extract or use other methods without authorization will be investigated for relevant legal responsibilities.
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Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
