According to the overlook of the industry data by Deflama, as of March 2022 the NFT market has shown exponential growth especially after the explosive growth in 2021, with the cumulative transaction volume reaching at least $20.45 billion.
At the same time, GameFi has grown exponentially since the second half of 2021. According to Token Terminal, from 20 January 2021 to 20 January 2022, blockchain game Axie Infinity ranked third with a revenue of $1.27 billion US dollars. This outperformed more than Opensea, and other Triple A game projects. GameFi = Game + Defi, which is a blockchain game with decentralized financial attributes, including NFT and token mechanisms. GameFi solves the pain point that most NFTs have: no application of scenarios and cannot be mapped to a certain extent. The introduction of the Play-to-Earn model is attracting a large number of players, while the market size of the entire GameFi is only about 2.5% of the traditional game industry.
In order to promote the healthy development of the game's economy, it is critical that GameFi's token economy is continuously operating, which must rely on the NFT from gaming, tokenomics, game play, and game system design to achieve a balance. The game then should be fun and social, which is our core belief. To increase the gameplay, we believe in enhancing the interaction and competition between players, so that everyone can enjoy and experience happiness in the game. This includes transferring the authority of project management and governance from traditional game companies. True openness can only be achieved through the hands of the players. We believe the ultimate openness is the metaverse, which is why we started preparing for this earlier and working hard for it. The first game developed by the team for Metaverse-DAO is "ModernPUBG".
Yes, friends, now it's here.