Before GameFi broke out, the night chain game "Tribe" competition was in progress

An opportunity to bring the next tens of millions of new users into the cryptocurrency space.

Current overall status of Gamefi track

The overall performance of the GameFi track in 2022 can be summarized as driving high and going low. In addition to outperforming the market in April, the market value of GameFi basically maintained the trend of advancing and retreating with the cryptocurrency market, and the decline was even greater, entering a state of deep bearishness.

The sluggishness of the market is intuitively manifested in the short life cycle of the project and the rapid loss of users. From the "Play to Earn" mode that was laid in 2021 to the "Move to Earn" and "X to Earn" modes that will break the circle in 2022, the game mode of "old wine in new bottles" is still based on a variety of Ponzi models and attractive The rewards are a gimmick, which has attracted a large number of new users for this track, but the abused Ponzi model has given wrong guidelines to project parties and players:

• For the project side, put a game shell on DeFi, supplemented by complex token economics to disguise its unsustainable nature, and once players cannot make profits and lose, all GameFi will fall into an inescapable death spiral , few projects can remain active for more than three months.
• For users, actual benefits have become their most important consideration, and both game beliefs and community culture have been replaced by the payback cycle. Players have made compromises in terms of game experience, causing the project party to fall into the revision of the economic model plan again and cannot extricate itself.

But behind the cruel reality, there is also a turning point. The GameFi track is still one of the fields that will absorb the most financing in the encryption industry in 2022, with the amount of financing nearly doubling year-on-year. During the development of GameFi, chain game ecosystems have played an important role. There are Gala Games, which led the last round of GameFi bull market, to introduce new ones, and TreasureDAO, which hatched the popular chain game The Beacon, gained brand awareness, and some are backed by Binance. The Block Ape Scissors want to realize the "big reshaping" of the BSC chain game circle. Between the old and the new, the market may have reached the bottom. After the precipitation of the bear market, they may become the driving force for the outbreak of the GameFi track in the next round of bull market.

**Gala Games: Pioneer in the GameFi field, where is the "Steam of chain games"? **

Gala Games: "Steam of chain games"

Gala Games is a blockchain game development company established in 2018, aiming to build a decentralized game ecosystem and become the "Steam" in the blockchain game field. Different from the real Steam, Gala Games needs to play the two roles of game developer and game aggregation platform. In addition to the games developed by the team itself, other game manufacturers can also launch games on the Gala platform after being voted and approved by the nodes.

Gala Games is developing and operating a number of different types of games, which give players control over their assets in the game, allowing players to trade the items and props they get from the game on the blockchain. Players will not only experience the fun of the game, but also control their own game assets, and at the same time earn income with their game skills in GameFi.

The Gala Games ecosystem consists of five parts: Games, Game Publishing Platform, NFT Marketplace, Cloud Hosting, and $GALA Token Economics. Gala Games run on a distributed network of computers rather than centralized servers controlled by a single entity. These "computers" (called nodes) provide processing power to Gala Games' decentralized gaming network in exchange for rewards.

In the decentralized node network of Gala Games, users can decide which games can be launched on the Gala Games platform through consensus voting, and can also decide the reward ratio of nodes through voting. Most of the in-game NFTs will be launched in the Gala NFT store, while a small part of the NFTs will be allocated to the founder nodes using a random allocation algorithm.

Gala Games has launched 18 games

Currently, Gala Games has launched 18 games. In addition to the beloved official self-developed games Town Star, Meow Match, Mirandus, and Last Expedition, games from other studios such as GRIT, PokerGo Play, Spider Tanks, Superior, Legends Reborn, etc. are also included. These games cover various types such as role-playing, shooting, simulation management, card strategy, and tower defense. operating platform.

In addition, judging from the visual effects, the quality of these games has far exceeded that of some other chain games in the same period. However, while ensuring the quality of the game, it also brings some problems. High-quality games (3A or quasi-3A level) have high investment costs and long development cycles. How to adapt the economic model to the development progress in the fast-paced Crypto circle is a huge challenge. In addition, the overall operation of Gala Games is decentralized, and the decision-making is more efficient and centralized, but the community atmosphere is relatively weak, and the scope of node governance is limited. For ordinary investors, whether it is obtaining information or participating in investment, the barriers to entry are quite high.

TreasureDAO: The "Nintendo" of the encrypted world is ready to go, "small and beautiful" is the first priority

Treasure DAO

Treasure DAO is a game ecosystem built on Arbitrum connected by MAGIC tokens, with the goal of building a "decentralized Nintendo". Every item in the Treasure ecosystem (Legions NFT, MAGIC tokens, etc.) is distributed for free, as are other collectibles on the Treasure Marketplace for free and fair distribution. Treasure was initially built based on the Ethereum main network, but later because the Gas cost of the Ethereum network remained high at that time, in order to lower the user threshold, Treasure migrated to the L2 layer Arbitrum chain to build.

TreasureDAO Ecological Overview (Source: PKU Blockchain)

TreasureDAO was launched by the community in November 2021. The method is community-driven and fair. From a Loot imitation Treasure NFT, it has gradually grown into the most well-known game in the GameFi field after going through chain games Legions, Life NFT, and Magic starting from Aircoin. One of the game ecology. Looking back on the development process, the growth of TreasureDAO is inseparable from the support of its ecological internal supporting infrastructure: the common currency Magic and the troika Trove, Bridgeworld, and MagicSwap.

Trove is an NFT marketplace and game launcher on Arbtrium that enables the trading of NFTs. Bridgeworld is the core economic center of Treasure DAO. As a resource coordination game, it integrates many Defi gameplays around mining, farming, summoning, and exploration to promote the development of Treasure DAO's economic system. In addition, there is also the AMM protocol MagicSwap, which is committed to becoming a portal for the TreasureDAO ecological cross-game economy. Currently, Magicswap’s swap and pool only have two trading pairs: Magic/Gfly (the governance token of BattleFly DAO) and Magic/ELM (the governance token of Tales of Elleria).

The explosive The Beacon

With infrastructure support, explosive games are needed to make the ecology flourish. The Beacon is the detonator that ignites the ecology. As a phenomenon-level product launched by Treasure DAO, The Beacon has been launched on Arbitrum for only one month, and the number of players has nearly exceeded 26,000+. The increase in DAO data has pulled the weekly active users of Treasure DAO from 5,000 to about 20,000, which has almost quadrupled.

The Beacon is an RPG game. In the game, players can choose a basic weapon to enter the dungeon to explore. During the exploration, they can upgrade the weapon to fight better. The game modes include homestead mode, single-player PVE mode, and tavern quiz. The home mode is used to edit houses, the single-player PVE mode is to explore the dungeon within the specified time, and you can get rewards, and the tavern Q&A is mainly to answer npc questions.

Although The Beacon game itself is not much amazing, it has attracted a lot of attention in the Web3 field. One of the important reasons is that among Web3 games, there are very few really fun games. The emergence of The Beacon game has brought some surprises to people. Although it may not be top-notch in Web2 games, it is at a good level in Web3 games. This also shows that Web3 games are still in the early stages, and there will be more exploration and development.

TreasureDAO is targeting the long-tail game market. 3A games can only be achieved by a few major game manufacturers. The growing number of Web3 players will have a great demand for such small games and AA games. TreasureDAO is trying to make this " The model of "small but beautiful" has been adopted. Starting from popular games, TreasureDAO has established a set of infrastructure and ecology to meet the needs of independent developers. Each game can benefit from MAGIC's economic value and shared resources, and the accumulated player activity content Can be used to form an economy. It is not affected by the short cycle of a single game, so it has a stronger ecosystem resilience.

Block Ape Scissors: Backed by Binance, the "big reshaping" of the BSC blockchain game circle

Compared with traditional 3A games, most of the previous GameFi projects still have a very simple gameplay. There are many projects launched hastily in order to catch up with the hot market. Digging and selling". From the point of view of game experience, it is very different from the traditional single-player online games. From the point of view of the economic model, even many project parties regard the game as a fund, so this has also led to the dilemma of "seeing the light and dying" of chain games. The BSC chain is the hardest-hit area for this kind of "earth dog chain game". Looking back at history, some well-known GameFi 1.0 projects such as Farmer World, Spaceship, THG, Raca, Valkyrio Valkyrie, and BNB Hero cannot escape the death spiral in the end .

It’s not about nailing these GameFi 1.0 projects to the “pillar of shame”. In fact, these low-quality Play-to-earn chain games also play an important role in the development of GameFi, but in essence they have nothing to do with earth dog mines and meme coin. To a certain extent, it is similar to a short-term speculative tool for a small number of high-risk enthusiasts in the end. At this stage, game players are no longer satisfied with this. They have higher requirements for the basic quality of the game and the token economy. Players will pay more attention to whether there is a way to solve the single in-game economic mechanism and whether the game is more playable. Whether it has social attributes and so on. In this case, is there any way for players to promote the process by themselves, choose the blockchain game they like in all aspects and participate in the development process? That's what Block Ape Scissors are doing.

Block ape scissors is a game community platform based on BNB Chain. It was announced on November 15, 2021 that it was incubated by Binance Labs. The vision is to provide players with entertainment while creating lasting value through innovative mechanisms and well-designed game experiences. Committed to building the most diverse and advanced Play to Earn ecosystem. The platform introduces the DAO governance model, breaks the traffic barriers and power monopoly of traditional game platforms, provides more opportunities for emerging developers, and provides players with a safe, fair and interesting game environment.

The most important of these is the DAO governance model. Players can obtain Token pledge rights by purchasing a platform equity card called "Ape Banana miners", which uses a POS mining mechanism. Block Ape Scissors adopts a shared economic model to encourage community members to participate in the construction and operation of the platform. Participating in games, contributing content and participating in governance activities can also obtain a certain amount of platform tokens $Banana. Developers can also earn Banana by contributing games or providing services. This sharing economy model motivates community members to actively participate and promotes a self-sufficient and sustainable ecosystem.

Community members and independent game developers will "split up". For independent game developers, at a fixed time every month, they can upload their demos in the form of proposals, and then these proposals will be processed by Block Ape Scissors DAO. Attractive and playable games, then Block Ape Scissors will incubate them, help developers complete the construction of the entire game, and then launch Block Ape Scissors homepage recommendation.

During the voting process, all members of the DAO organization participating in the voting can enjoy the profits after the game is launched. For example: Game A is voted and Block Ape Scissors incubates it. When Game A brings in a profit of 1 million US dollars, Block Ape Scissors can get 25% income (to support the further construction and expansion of the platform), Block Ape Scissors DAO treasury can get 15% income (for the salary of DAO organization contributors and some proposal expenses), and DAO organization members can get 10% (received according to their corresponding voting rights), and the remaining 50% will repurchase and burn $Banana (to accelerate token deflation). (The above data is an example, the exact data will be officially announced)

It can be seen that community members and independent game developers reach the same goal by different routes, project parties and game players are no longer on the opposite side, and the entire Block Ape Scissors ecosystem will be committed to developing games that are more suitable for the current chain game market. Whether it is pursuing the playability of the game or the closed loop of the economic model, community members will vote for the chain game they want, or in other words, profit-driven games can select those games that make the Block Ape Scissors ecology more profitable .

In addition, for a chain game with financial attributes, the fairness of the game and the validity of verified transactions are very important. Block Ape Scissors uses zk-SNARKs to achieve fast and efficient gameplay, allowing a large number of transactions to be processed within a few seconds, while maintaining transaction privacy while verifying its correctness.

Block Ape Scissors is still exploring the content of AI. In the future, it will train an AI robot to generate different economic models. Members of the DAO organization vote every week to choose the one they think is better, so as to help the AI robot continue to optimize and find new opportunities for GameFi. s solution.

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Large Web2 game companies such as Ubisoft and Lilith are also looking for opportunities for change

It is worth mentioning that, according to the Block Ape Scissors team, it maintains a good relationship with many large Web2 game companies, and will gradually transform several game IPs that have swept the world in the next six months. More traditional players are brought into the crypto world. And Web3 games may break the dilemma of traditional game purchases in terms of business model (that is, attract players through paid advertisements and other means), and subvert the traditional profit distribution structure, providing developers with more opportunities to realize, and providing more opportunities for the game industry. Create new markets. In the process of transitioning the game from Web2 to Web3, it may be an opportunity for Block Ape Scissors to overtake in a corner, and the "big reshaping" of the BSC chain gaming circle may be just around the corner.

GameFi Future Opportunities and Challenges

On May 25, Polygon co-founder Sandeep Nailwal said, "Web3 games are one of the biggest drivers of mass adoption of cryptocurrencies. In the next 6-18 months, there will be some top games released in Web3. Last year alone, Web3 games raised over $2 billion in funding.”

At present, the historical development of the entire game has reached a very critical turning point. The game industry urgently needs to bridge the gap from Web2 to Web3 and enter the era of blockchain games. Given the playability and economic value of games and NFTs, GameFi presents an opportunity to bring the next tens of millions of new users into the cryptocurrency space. Looking back at the development history and development cycle of GameFi, the bull market belonging to this subdivided track may be about to start. We bid farewell to the first half of the brutally developed GameFi. Who can achieve a paradigm shift and open up a new round of innovation and growth for the sluggish market? let us wait and see.

Reference

The ZK-Snark Gaming Revolution

On the Enlightenment of Project 12 from the Rise of Gala Games

STEAM for Web3? ——In-depth analysis of Treasure DAO

Read the iterative road of Treasure Dao in one article

Revealing the secrets of the chain game economic model