{"id":2521,"date":"2022-05-30T09:52:24","date_gmt":"2022-05-30T09:52:24","guid":{"rendered":"https://uk20201.com/blog\/?p=2521"},"modified":"2022-05-30T09:52:26","modified_gmt":"2022-05-30T09:52:26","slug":"gamefi-is-this-another-crypto-investor-boondoggle-or-what","status":"publish","type":"post","link":"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/","title":{"rendered":"<strong>GameFi: Is This Another Crypto Investor Boondoggle Or What?<\/strong>"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-39.png\" alt=\"GameFi\" class=\"wp-image-2523\" width=\"383\" height=\"215\" srcset=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-39.png 554w, https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-39-300x168.png 300w\" sizes=\"(max-width: 383px) 100vw, 383px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>GameFi<\/strong><\/h2>\n\n\n\n<p>yet another investable sector in the crypto universe. Is it for real? Yes. Yes, it is.Since the\u00a0<a href=\"https:\/\/www.forbes.com\/sites\/jeffkauflin\/2018\/10\/29\/where-did-the-money-go-inside-the-big-crypto-icos-of-2017\/?sh=6b54312b261b\" target=\"_blank\" rel=\"noreferrer noopener\">fall of the ICO market<\/a>\u00a0around 2017, and a roughly two-year pause in the crypto hype, the cryptocurrency investing world had a back-to-the-drawing board moment. Developers and tech entrepreneurs created new sectors to get investors interested. If the\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=Pqz7W_zq6lU\" target=\"_blank\" rel=\"noreferrer noopener\">ICO market is dead<\/a>, and if the cryptocurrency market was ever going to be more than Bitcoin<br><a href=\"https:\/\/www.forbes.com\/digital-assets\/assets\/bitcoin-btc\/\" target=\"_blank\" rel=\"noreferrer noopener\">BTC<\/a>and few blockchain platforms like Ethereum, a whole new menu of risk assets had to be created. Decentralized finance and yield farming was one. The new blockchain protocols are another.And over the last couple of years<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>It\u2019s not just for gamers<\/strong><\/h2>\n\n\n\n<p>of course. The investable universe would be too small if only gamers were involved. But there are enough blockchain games out there and supporting projects in the non-fungible token space that give investors a new place to gamble those U.S. dollar coins in their Coinbase account.GameFi is not an investor boondoggle anymore than cannabis ETFs, or venture capital funds. Some projects will be failures, no different than any new company.This is a real market, with billions at play, designed primarily around the massive rise of blockchain-based video games in the new Web 3.0 universe (<a href=\"https:\/\/www.forbes.com\/sites\/forbestechcouncil\/2022\/05\/02\/decentralized-platforms-existential-for-web3-in-enterprises\/?sh=44f59fb1bcc8\" target=\"_blank\" rel=\"noreferrer noopener\">or simply Web3<\/a>), where developers can go in and create their own worlds. They make money that way. If you\u2019re new here, they call it play-to-earn.GameFi\u2019s&nbsp;<a href=\"https:\/\/coinmarketcap.com\/view\/play-to-earn\/\" target=\"_blank\" rel=\"noreferrer noopener\">market cap is over $11.6 billion<\/a>, with daily trading volume of around $2 billion, though this number is in fast decline due to the general sell-off in the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>This is GameFi in a nutshell.<\/strong><\/h2>\n\n\n\n<p>Imagine this: you\u2019re playing Minecraft. You can create your own world and characters inside Minecraft through a creator\u2019s engine. You sell them. This is GameFi in a nutshell.The game matters. \u201cI should feel compelled and hooked to come back to the game because I enjoy playing it. It shouldn\u2019t be only because I can earn tokens,\u201d says Arunkumar Krishnakumar Chief Growth Officer at Bullieverse in London. They have&nbsp;<a href=\"https:\/\/app.bullieverse.com\/builder\" target=\"_blank\" rel=\"noreferrer noopener\">their own creator\u2019s engine<\/a>&nbsp;for serious gamers who want to build their own worlds within the Bullieverse game can monetize what they\u2019ve created.\u201cAs a gaming platform, an immersive experience allows gamers to be more invested in the game. As they feel more invested, they tend to promote the game and become ambassadors of the game,\u201d he says. \u201cThis has definitely been our case.\u201dThere are about 3 billion online gamers across the world with Asia taking 55% of that market. By 2024 the mobile gaming industry is expected to generate $116 billion from gamers spending online.There are 2.5 billion online gamers in the traditional Web 2.0 world compared to only around 5 million estimated to be in the Web3 world. Due to the developer and consumer incentive mechanisms that Web3 offers, the gamer base for Web3 is seen rising fast. Web3 games are still behind the games we are all used to on X Box in terms of gaming experience, but that will change and if GameFi is part of that, then therein lies the growth story.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Silks is an online horse racing metaverse<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-40.png\" alt=\"GameFi\" class=\"wp-image-2524\" width=\"370\" height=\"188\" srcset=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-40.png 546w, https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-40-300x152.png 300w\" sizes=\"(max-width: 370px) 100vw, 370px\" \/><\/figure><\/div>\n\n\n<p>\u201cGameFi at a high level is the convergence of videogaming, gambling and investing into a new form of entertainment,\u201d says Dan Nissanoff, co-founder, and CEO of Silks in Florida. Silks is an online horse racing metaverse, GameFi style. \u201cWe are building a derivative play-to-earn metaverse that mirrors the real world of thoroughbred horseracing. Our vision is to deliver the exact economic experience of owning a racehorse in real life\u2026only in the metaverse. When your horse wins a $100 grand prize purse in real life, the owner of that horse NFT wins the same.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameFi yet another investable sector in the crypto univ [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2524,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[622],"tags":[624,415],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GameFi: Is This Another Crypto Investor Boondoggle Or What? - U.TOWN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameFi: Is This Another Crypto Investor Boondoggle Or What? - U.TOWN\" \/>\n<meta property=\"og:description\" content=\"GameFi yet another investable sector in the crypto univ [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https://uk20201.com/blog\/en\/\u5340\u584a\u93c8\u904a\u6232\/ex\/2521\/\" \/>\n<meta property=\"og:site_name\" content=\"U.TOWN\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T09:52:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-30T09:52:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-40.png\" \/>\n\t<meta property=\"og:image:width\" content=\"546\" \/>\n\t<meta property=\"og:image:height\" content=\"277\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin1\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9810\u4f30\u95b1\u8b80\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 \u5206\u9418\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/#article\",\"isPartOf\":{\"@id\":\"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/\"},\"author\":{\"name\":\"admin1\",\"@id\":\"https://uk20201.com/blog\/#\/schema\/person\/465f9d960ffe4355dbd44ff26c85a528\"},\"headline\":\"GameFi: Is This Another Crypto Investor Boondoggle Or What?\",\"datePublished\":\"2022-05-30T09:52:24+00:00\",\"dateModified\":\"2022-05-30T09:52:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/\"},\"wordCount\":632,\"publisher\":{\"@id\":\"https://uk20201.com/blog\/#organization\"},\"keywords\":[\"GameFi\",\"u.town\"],\"articleSection\":[\"\u5340\u584a\u93c8\u904a\u6232\"],\"inLanguage\":\"zh-TW\"},{\"@type\":\"WebPage\",\"@id\":\"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/\",\"url\":\"https://uk20201.com/blog\/en\/%e5%8d%80%e5%a1%8a%e9%8f%88%e9%81%8a%e6%88%b2\/ex\/2521\/\",\"name\":\"GameFi: Is This Another Crypto Investor Boondoggle Or What? 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