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(Axie Infinity leads GameFi, data source: coinmarketcap)

In the analysis of the reasons for the popularity of Axie infinity, in addition to a good game experience, there are two main points: first, Axie infinity breaks the traditional game model, and players and platforms share revenue; second, the maturity of NFT and the advance of NFTFi The groundwork has been laid, combined with the concepts of DeFi and NFT, NFT has brought indivisible and unique circulation specifications based on decentralization to the game. These game NFTs, which are value-locked and owned by blockchain technology, are in DeFi Under the model, there is a higher market liquidity, which directly reduces the threshold for realization. In early 2021, Axie Infinity's dedicated sidechain, Ronin, will be officially launched. So far, Axie has successfully demonstrated a new path: a good GameFi project can be self-contained, and even surpass many "nominal" public chains.
· Players In GameFi, the voice of early players is also increasing. Players who have obtained game governance tokens can upgrade and improve the game by voting to obtain a better game experience. DAO governance makes it possible for every player in the blockchain game to participate in the improvement and upgrade of the game. At this time, blockchain games do not belong to a single centralized company. Driven by the market, players and developers will jointly maintain the game, and the interaction and stickiness between players and the game will be higher.
· GameFi has also been updated on the relationship between technology developers and developers. Some emerging GameFi chain games, such as Gala Game, have begun to try to encourage game developers to integrate NFT into games, allowing developers to design blockchain games.
· Goldsmithing Guild Goldsmithing Guild is a unique role in GameFi. The popularity of Axie Infinity is inseparable from the promotion of YieldGuildGames (YGG), the Philippine game association. Participants are welcome. As a special third party, the Goldsmiths Guild has played a regulating role in the selection of high-quality games, the source of initial players, the distribution of game revenue, and the flow of NFT props. Taking YGG as an example, it has now become an organization that can provide recruitment, training, A complete chain of game lending skillfully handles the connection between players and other institutions.
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(Image source: Dappradar)
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September: May usher in the large-scale landing of GameFi

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(Data source: santiment)
Since the beginning of this year, the direction of chain games has won the favor of more than 1 billion US dollars in funds, involving infrastructure, trading platforms, games, sports, DeFi, development teams and other tracks. Whether it is investment institutions or encrypted communities, the expectations for GameFi The height is very obvious. Compared with the market size of the entire DeFi, GameFi is still in the early stage of development. At present, the two mainstream views on GameFi are:

1. DeFi+NFT, that is, the introduction of NFT mortgages in DeFi. This model is an NFT platform based on DeFi mortgage lending. The MEME (big pineapple) card game is one of the more typical cases. The DeFi card game combined with NFT and added Meme elements once became popular in September last year.
2. Put the method of liquidity mining into the game, that is, the game "DeFi". In this model, NFT-type assets often serve as mining tools in the game. Axie Infinity is one of the more typical cases. Games often add more fun to liquidity mining while emphasizing the importance of "earning while playing".

The development of GameFi is also fulfilling the views of Andre Chronje, founder of Yearn.finance.

In September last year, AC tweeted that the future DeFi TradeFi model may turn to the gamified GameFi. With the mining of various presentation modes of liquidity mining, GameFi is like the inevitable result of the common development of "Game+NFT+DeFi".

Some analysts believe that the long-term vitality of the chain game field mainly lies in the lowering of the entry threshold for players in the game mode. The "out of the circle" ability of GameFi games does this very well. On the other hand, the free trade of NFT assets really magnifies the concept of "making gold" in traditional games and attracts more incremental admissions.

Under the same one-pool and two-pool gameplay as DeFi, GameFi adjusts the parameter of mining weight through the game, so that funds are no longer the only advantage. After players bind their interests through Token, the user's later participation is also greatly improved, and Dao governance can better connect the relationship between players and the game.

In the GameFi ecosystem, the addition of more links and more roles also makes the entire ecosystem more stable, and the collapse of not a single link can lead to a total loss. After the influx of a large number of GameFi projects, September may usher in the large-scale landing of these projects. However, it should be noted that imitation disks of GameFi games have begun to appear in batches, and some of them have been put on the shell of "gaming (spinach) color". This way of "old wine in new bottles" may have other effects.

In a report by TokenInsight, the GameFi sector was sorted out more clearly and further differentiated from the concept of NFT. The hot projects mentioned mainly include AXS, MANA, SAND, TLM, ILV, ALICE, DPET, REVV, 14 projects including MBOX, SKILL, CGG, MIST, MCHC, GOD, etc. However, the total circulating market value of these projects is still less than 1% compared to the total market value of the digital asset market.

From the perspective of the number of users, activity, total market capitalization, and project development, the craze for "game tokens" is clearly heating up. It is very similar to the situation experienced by DeFi tokens last year, and GameFi is still a blue ocean.