This site provides information in an easy-to-understand manner through actual play in the game fi and meterverse and cryptocurrency.
GameFi (also known as a NFT game or a crypto game) is a video game that includes elements that use blockchain technologies, including cryptocurrencies and non-fungible tokens (NFTs).
In futurism and science fiction, the metaverse is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. In colloquial use, a metaverse is a network of 3D virtual worlds focused on social connection.
GameFi, NFT Games, Metaverse
The Ultimate Trinity of Virtual Currency, NFTs, and GameFi/NFT Games
Cryptocurrency, NFTs (Non-Fungible Tokens), and GameFi (Game Finance) are entirely different fields, but they are interconnected and can create synergies when used together. Cryptocurrency refers to digital assets traded online, utilizing cryptographic technology. There are various types, such as Bitcoin and Ethereum. They are traded peer-to-peer using blockchain technology, eliminating the need for centralized control systems.
NFTs are tokens with unique identification information, representing various digital assets like artworks, collectibles, in-game items, and more. Once created, the data remains unaltered and is managed on blockchain networks like Ethereum.
GameFi involves using cryptocurrencies and NFTs within games to create a digital world with real economic value. This mechanism imbues in-game activities with real-world value, encouraging players to engage more actively.
- These technologies are mutually related and are considered to have excellent compatibility, as follows:
- Cryptocurrency serves as a means to facilitate in-game transactions and rewards, forming the foundation of GameFi’s economic system.
- NFTs guarantee ownership of in-game items and characters, enabling players to have unique assets that they can buy and sell.
- GameFi leverages cryptocurrency and NFTs to bring innovation to the gaming industry, offering new business models and player experiences.
In this way, cryptocurrency, NFTs, and GameFi have a mutually beneficial relationship, and it is expected that this relationship will become even more closely intertwined in the future.
Play-to-earn(GameFi/NFT game)
A “Play-to-earn” game refers to games where players can earn monetary rewards by actually trading the tokens they acquire within the game. This is made possible through blockchain technology, using tokenomics to pay rewards to players.
Examples of such games include Axie Infinity and Alien Worlds. In these games, players can earn real money by trading the tokens they acquire in-game.
Play-to-earn games are appealing to players interested in cryptocurrencies and blockchain technology. However, it’s also important to consider the economics of the game and gameplay. In the past, some blockchain games lacked strong gameplay in comparison to the potential for profit, but in recent years, many games with better gameplay have been developed in this genre.
“Introduction to Recommended Free-to-Start GameFi/NFT Games (Play-to-Earn)”
Gensokishi Online – Metaverse x NFT Project
“A next-generation game that combines online RPG elements with a metaverse (NFT game).”
“Element Knights Online – Metaverse x NFT Project” is a next-generation game that combines online RPG elements with a metaverse, known as an NFT game in the Play-to-Earn genre.
In this game, anyone can easily start playing for free on their smartphones or PCs. Players can acquire in-game items and then resell them on the NFT marketplace. They also have the option to purchase the rights to sell their own created outfits and items. Additionally, players can engage in communication with people from all around the world.
You can find more information about the game [here].
“Coincheck conducted a LAND sale for Element Knights Online (Coincheck NFT Beta).”
Move to Earn(GameFi/NFT game)
“Move to Earn (GameFi/NFT Games) refers to a new type of game that combines physical activity with cryptocurrency, allowing you to earn financial rewards through physical activity. It also serves as motivation to maintain a healthy lifestyle. Notable examples include STEPN and Sweatcoin.
When it comes to health and money…
Health is wealth and is more valuable than money. To maintain health, it’s essential to engage in regular exercise, maintain a healthy diet, get enough sleep, and more. To earn money, you need to leverage your skills and abilities to the fullest, engage in smart investments, and practice savings. It’s important to strike a balance between both aspects and incorporate them into your life.
Let’s start by opening the door to GameFi (NFT games) and explore this exciting new world!”
Web3 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as “Big Tech”.
Learn to Earn(GameFi/NFT game)
“Learn to Earn (GameFi/NFT Game) is a fusion of learning and cryptocurrency, allowing users to earn financial rewards through their educational pursuits. This serves as motivation to make learning enjoyable and encourages learners to continue their educational journey. Examples include Cypher School, CryptoChamps, and LetMeSpeak.”
“Participate, Learn, Earn! LetMeSpeak (Let’s Me Speak)”
“LetMeSpeak (Web3 Language Learning) allows you to enhance your English conversation skills while earning rewards in the process. The system rewards quick absorption of valuable skills and facts, providing financial incentives, immediate gratification, and an acceleration in the learning process.”
“Get ready for an exciting learning adventure with Quiz To Earn at Web3 Camp!”
Web3Camp (Coming soon)
“Web3Camp has developed a ‘Profitable Quiz’ framework within the Web3 ecosystem and is calling upon educators and content creators to participate. Web3Camp not only offers rewards for educators to gain inspiration but also provides a high-quality platform to support content creators. Additionally, the difficulty of the quizzes affects the prizes that can be earned. The more complex the questions, the greater the rewards. The choice of quizzes is optional and dependent on the client.”
Experience the power of the Metaverse and prepare for the future.
“What is the Metaverse, and where is it headed? It’s essential for us to understand that the Metaverse is considered the inevitable evolution of the internet. Let’s explore what you should know right now.
The Metaverse refers to a next-generation internet environment where virtual space and the physical world merge. It allows users to immerse themselves in virtual spaces using technologies like virtual reality and augmented reality. Furthermore, by leveraging blockchain technology, it becomes possible to manage and transact assets within this virtual realm.
As a result, economic activities, communication, and entertainment within virtual spaces become feasible, and various fields envision its application. This includes domains such as education, healthcare, and business.
This evolution promises more immersive online experiences, enabling collaboration and interaction with people from remote locations, and has the potential to create new business models and communication methods. Keeping an eye on the development of the Metaverse and understanding its future prospects is a crucial step in navigating the digital age.”
“However, it’s important to note that there are still unresolved technical challenges and legal issues surrounding the Metaverse. As a result, ongoing discussions are focused on the direction and feasibility of the Metaverse in the future.”
The size of the Metaverse market
“According to a survey by Global Information, it is predicted that by 2030, the Metaverse will expand to a scale of $678 billion, which is 17 times the current size. It is forecasted to reach $426.9 billion by 2027. This technology has the potential to reach $10 trillion by 2030 and could revolutionize our lives, much like the internet.”
The potential of the Metaverse as I (Jon Snow) see it
I’ve been pondering the potential of the Metaverse, GameFi/NFT games, and AI. With advancements like ChatGPT now capable of natural conversation, it’s evident that AI is evolving rapidly. The replication of human voices and personalities through AI might soon be realized. Consequently, by recording experiences in the Metaverse, there’s the potential to create one’s own artificial version, essentially an ‘Avatar NPC.’
In this scenario, even if a player becomes incapacitated or passes away, they could leave behind a digital self, serving as an eternal commemoration for those who know them. It raises the intriguing prospect of a thrilling world akin to the movie ‘Transcendence’ within the Metaverse.
EVERDOME NEWS
Gateway to the Next-Generation Metaverse
TYPE
hyper-realistic metaverse
The future of GameFi (Game Finance)
DappRadar analyzed 50 networks, revealing that gaming activity played a significant role in blockchain activity in October and November 2022. In November alone, there were 800,875 Unique Active Wallets interacting with gaming smart contracts on a daily basis. Despite the FTX collapse, web3 gaming continues to exert its influence in the dapp industry.
This underscores how Web3 gaming is offering a novel approach, utilizing blockchain technology to make gameplay more valuable. GameFi has the potential to play a significant role in the future of blockchain gaming by providing innovative gameplay experiences.
Blockchain technology is commonly used to build incentive-based systems for games and NFTs. This enables features like in-game transactions and staking, allowing users to earn income in new ways. Projects with internal marketplaces and staking options are believed to be less vulnerable to centralized exchange collapses, such as those experienced by Alameda and FTX. This is because blockchain decentralizes transactions and staking in games and NFTs.
The events surrounding FTX affected everyone using Web3, but the blockchain gaming industry continues to thrive, with many innovative projects emerging. NFT games with internal marketplaces and staking options, requiring users to store tokens in blockchain wallets, have been less affected by the collapse of FTX. In the future, we can expect more secure and reliable blockchain platforms to emerge, further fueling the growth of the Web3.0 gaming industry.
Communicate with people around the world.
A new era is already upon us…