DeFi
Decentralized finance is a system in which financial products are available on a public decentralized blockchain network, which makes them open to anyone, rather than through intermediaries such as banks or brokers.
In the GameFi project, DeFi aims to improve the profitability of investors, seek to maximize the financial efficiency of participating in blockchain games, and facilitate players to sell or rent their game assets or use their tokens as liquidity providers (LP ) Put it in the pool. Even if the game lacks playability, the use of DeFi has attracted cryptocurrency-related players and has spawned various casual games.
Nevertheless, decentralization is the biggest difference between GameFi and traditional games. In traditional games, game producers/designers often play the role of God, not only designing storylines for players for players to experience the game, but also acting as a central bank for releasing and recycling game resources. Traditional games can control game resources in time due to powerful centralized methods, prevent economic collapse, and prolong the game operation cycle; but on the other hand, game companies deprive players of ownership of their own assets, and traditional game companies shut down accounts or shut down at will It’s not uncommon for servers.
NFT
NFT digital assets represent real-world objects such as art, music, and video. They are usually bought and sold online through encrypted currencies, and they are usually encoded using the same underlying protocol as many encrypted assets.
Most in-game NFTs are game items that include interactive NFTs and collectible NFTs:
Interactive NFTs can be applied to combat and upgrade, training, merging, spellcasting, inheritance, such as incubators, elves, cards, avatars, advancement, training and inheritance, to enhance the player’s performance in the game. Collectible NFTs break away from gameplay. They involve entertainment scenarios and limited combat attributes, enhancing the fun that players have, such as land, skins, cosmetics, and badges.
Compared with ordinary NFTs, in-game NFTs have the potential for interoperability. Some game platforms have realized the interoperability of virtual avatars, and some game cooperation will mutually convert irreplaceable attributes. Although some game pioneers envisioned cross-game and cross-chain NFT interoperability, there are still some unsolved problems between blockchain technology and the smooth experience of games.
FT
The FT in the GameFi project usually refers to the game currency used to define the value of the potential resources in the game, thereby making the internal economy of the game possible. Currency, players, resources, and commodities together constitute an economic system, each of which is related to each other. Players maximize their own interests during the game, so the value of currency controls the player’s behavior and determines what the player does and for whom. In-game currency plays a lever role in regulating economic behavior throughout the game, linking different elements together and coordinating player profits.
