GameFi waves start again

GameFi waves start again What is GameFi?
Surely those of you who participated in the market last season are not unfamiliar with this concept, but I still want to share the concept again for those who do not know. Last season, a new blockchain market segment appeared called GameFi, a portmanteau of Gaming and Finace (finance), creating a revolution when gamers interact on the blockchain.
This innovative approach keeps old investors from getting bored and attracts a lot of new investors to get closer to the cryptocurrency market. GameFi actually did well last season, but it's only just begun. There is still quite a gap between games and finance, in other words.
This means that games with good and attractive gameplay already exist, but are quite heavy and complicated, making it difficult for players to grasp and perform the so-called "Play to earn". On the contrary, simple games that do not attract much entertainment are the top names in terms of number of participants. It's understandable because players almost have to invest money before making a profit from the game, so games that are simple, easy to play and easy to win (typically Axie) have been hugely successful. GameFi components While GameFi projects may differ in their specific approach, there are several key components that set it apart from traditional gaming. Use blockchain and smart contracts GameFi's focus is on blockchain technology, the platform that powers games, and in-game tokens.
These blockchain systems enable transparent and secure transactions in gaming environments. Furthermore, smart contracts play a pivotal role in decentralizing many aspects of the online gaming experience. These self-executing contracts automate various processes, ensuring fairness and trust between players. Decentralized Finance (DeFi) DeFi has become an important element of the GameFi economy.
It provides liquidity, allowing players to earn money from participating in the gaming ecosystem. Furthermore, GameFi projects often rely on DeFi to raise capital through DEX. DeFi also promotes in-game rewards and incentives, enhancing the appeal of GameFi. NFTs NFTs are revolutionizing the concept of ownership in online gaming. These assets facilitate the easy exchange of in-game items and ensure ownership of their virtual assets. NFTs can represent many different items in the game such as avatars, costumes, weapons, lands, etc. NFTs in the game will be even more interesting and developed next season.
Play to earn (P2E) mechanism The difference that makes GameFi attractive compared to traditional online games is that players can earn money, even a lot of money, while experiencing the game. Buy and sell items, win to receive tokens, sell seeds to grow plants, etc. Extremely diverse, meaning that whatever traditional game has, there is enough here but it is not complete and optimal.
KNIFE Another important feature of GameFi is the implementation of an in-game DAO (Decentralized Autonomous Organization) for community decision making. This mechanism introduced into GameFi creates a fair and democratic environment for players. Players who hold the core token can participate in shaping the future of the gaming platform and ensure the value of the game is built as far as possible. GameFi waves starting to return? Pixels is the first notable game with a farming game built on the Ronin network (the network of the famous previous game Axie). This project has attracted attention recently when it raised 2.4 million USD in the seed phase round with famous names such as OpenSea, Leonis Capital,... With close game play (similar to Pokemon played on electronic devices). handheld) and adventurous exploration, this project has come quite early to launch the new chapter of GameFi.