
How does GameFi work? GameFi's current problems
Jan 10,2023
8852Recently, with the rise of digital currency, NFT, DeFi, and the metauniverse, GameFi has gradually attracted everyone's attention. GameFi means that game-based finance was praised by the market only a few months ago. After its currency was released, it brought a lot of people's confidence. Unexpectedly, it was hit by a huge whale and the price of the currency directly sprayed out, leading to many customers leaving.
In addition, in the case of insufficient liquidity, it is also difficult for the big guys to enter the chain game (the assets are too large, and the listing may only be 10% of the transaction). In addition, the bookkeeping problem, it is necessary to look at the transaction record in person slowly, which also makes the chain game difficult to blow in a short time.
3. There is a certain period of chain travel, and the entry threshold of the laggards is high
Another hidden danger is that P2E will raise the threshold for new players to become rich, and resources will be monopolized in the old hands, resulting in no new entrants.
In fact, this is also the problem of online games in general. Because of playing for a long time, experts will sell more expensive props in the market, making it take more time for novices to buy them, making it difficult for novices to enter the pit, and driving the game to decline.
For example, you must spend at least 2000 yuan before you want to play Axis Infinity before you can enjoy the game.
However, relatively speaking, the new chain game has a lot of profit space. The official will release a lot of benefits and even BUG to make players pay back in a short time (about two weeks).
So far, I believe you have a certain understanding of how GameFi works and the problems it has encountered. In general, although the "Play to Earn" method of GameFi is very attractive at first glance, there are many problems in the chain game. Players must consider whether the fluctuation of the game token is stable and whether the life span is long, and do not blindly follow the trend.