CoWoS - GameFi

CoWoS - GameFi, CoWoS - What is GameFi?, CoWoS -  How is GameFi Work?

GameFi blockchain has inherent advantages in project innovation and concept innovation. Today, GameFi has become another hot word in the future of DeFi, so how to understand it? GameFi concept, what are the advantages of GameFi?

What is GameFi?
If it is said that if the real financial system in DeFi is reproduced in a comprehensive structure in the blockchain, then GameFi is to express DeFi visualized blockchain finance in games.
GameFi combines the concepts of DeFi and NFT in specific chain game projects, and displays them in the form of games to operate the blockchain financial system in a more intuitive way. GameFi game rules, props, and derivatives are built on DeFi-based Logical NFT commodity management method.
GameFi's NFT properties enable all properties, props and characters in the game to have unique, collectible and integrated chain game property settings, thus enabling players to fully own these properties in a decentralized game.
In a sense, GameFi breaks the convention that game property belongs only to game development companies, allowing players to achieve financial freedom according to the game.
In addition, compared with the boring DeFi trading, GameFi enhances blockchain finance and NFT based on the gameplay, group play, social interaction, etc., so that participants can profit from it.
Explosive Growth GameFi
GameFi This is not a single chain game. In 2017, the collection and trading game appeared before the upper and lower industries, and the blockchain game "buy and sell properties" and "the only private feature of the property" combined gameplay. But at this time, blockchain games can only be called chain games, but they do not have the characteristics of GameFi.
GameFi has developed in this field due to the mature concept of NFT DeFi under the framework of the blockchain metaverse concept. To complete the projection of the real system in the blockchain world has become the only way to complete the concept of the metaverse.
The game in the metaverse integrates NFT and DeFi. After this concept, the chain financial system has completed the process of gamification. In 2020, the concept of GameFi has been widely recognized in the industry. Therefore, starting from the second half of 2020, the GameFi blockchain industry has attached great importance to a series of developments.
After more than a year of market testing, GameFi's unique ecology is reflected in the interaction between the value of digital currency and the value of chain games.
Starting in March 2021, GameFi has entered explosive growth. In September 2021, GameFi has long developed into an independent field of the blockchain industry and is expected to surpass the DeFi field in the short term.
Distributed advantages, participate in operations, and gain benefits
The basic concept of GameFi comes from the blockchain, so GameFi naturally has distributed advantages that traditional industries do not have.
Each player in the game can fully control their own game characters, property, and props, and by rectifying the development direction of Token in the core chain game, players can upgrade and improve the chain game by voting.
The advantage of the decentralized structure of the chain game in operation is that players can participate in the operation and maintenance of the chain game. The more popular the game, the better the player feels. The more players there are, the more equity the player will gain in the early stages.
At present, GameFi widely uses the Playtoearn economic model, and real gold and silver are the guarantees that players earn when they play.
As of March 31, 2022, FootprintAnalytics data shows that GameFi has released 1,406 chain games on the entire network, with an average daily user of one million and a daily transaction volume of nearly $50 million.
According to relevant data analysis, starting from July 2021, the chain game data has grown rapidly, the player data has increased from 80,000 in early April 2021 to 928,000 in September, and the daily transaction volume has increased from $500,000 in early April to The average is around $40 million, and the daily volume is over $93 million.
With the popularization of the concept of the metaverse, GameFi has become one of the most promising areas in this field, and GameFi will receive more attention and participation.
Although the daily transaction volume of GameFi in this field is now close to 100 million US dollars, from the perspective of the breadth of the entire market and the advantages of property interaction, GameFi's potential has not yet fully exploded.
After all, it has only been more than a year since GameFi was proposed so far, because it is still in the early stage of the field GameFi, and the future development and prospects are worth watching.


CoWoS offers multiple trading tools including FX, Metals, Energies and Indices. Different products can be traded in one account, and the investment structure is flexible and simple. CoWoS also has different types of accounts for you to choose from to meet your needs in the investment market. Clients have more flexible investment opportunities. Competitive Points Differential CoWoS offers a wide range of CFD products such as FX, Metals and Energies while offering our clients competitive points differentials. Euro/dollar point difference is '0' and you can order immediately. No sliders, delays or double quotes. We are committed to optimizing and maintaining our global servers to provide our clients with the speed and accuracy of trade execution. CoWoS is officially licensed to ensure the safety of funds and unlicensed companies can avoid risk in the global forex market by using client funds for personal use. I can do it. However, in CoWoS, customer funds must be held separately from the company, and all customer funds are held in international top-tier banks, completely segregated from the company's operating funds, ensuring that customers are safe. You can trade with confidence.

標題:CoWoS - GameFi