'Play-To-Earn Games: The Current State of the GameFi Industry' by jennyzheng719 p2e gamefi
As cryptocurrency and DeFi continue to impact the world, several industries are working hard on ways to innovate with decentralized technology. The gaming industry is one of the latest to integrate blockchain, crypto, and NFTs, especially with the growth of the metaverse. The technology has transformed the way gamers trade in-game assets, characters, rewards, and so much more by integrating DeFi, NFT technology, and fundamental blockchain concepts.
Prior to the advent of the Play-to-Earn model, in-game tokens and assets had no real-world value. Because the reality is that the commercial first movers in gaming had their own proprietary currencies. What makes GameFi so attractive to the new wave of gaming developers is that it can be automated without any centralized intervention.
What’s more, the business’s core revenue and the performance of AXS are closely correlated. "The interplay between own Axie’s revenues and AXS price is noticeable," wrote Jeremy Ong and Jayden Andrew, analysts at crypto-focused research firm Delphi Digital. "This makes sense given the majority of revenues come from Axie breeding fees paid in AXS to the treasury, which significantly decreases the circulating supply of AXS - causing a supply-side squeeze.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
How to Pick the Right Play-to-Earn Game for YouBefore jumping into play-to-earn games, it’s critical to understand how they work and what kind of returns you can expect from your gaming hours. joecoretz explains the basics of GameFi
Les mer »
Wizardia Play-to-Earn Game Introduces Multiple Income Strategies: DetailsWizardia, a cutting-edge fantasy Metaverse for play-to-earn enthusiasts, allows users to benefit in multiple ways
Les mer »
Jackass Forever Star Johnny Knoxville Reveals Which Superhero He'd Want To PlayJohnny Knoxville is best known for Jackass, the stunt and prank show that first premiered on MTV [...]
Les mer »
Why unvaccinated Kyrie Irving is allowed to play at SF’s Chase CenterBrooklyn Nets star Kyrie Irving is expected to suit up against the Golden State Warriors despite San Francisco’s indoor vaccine mandate.
Les mer »
No. 16 BYU women’s basketball suffocates Santa Clara on defense to stay undefeated in conference playThe BYU women's basketball team showed how suffocating it can be on defense by holding Santa Clara, the third best scoring team in the West Coast Conference, to under 50 poinnts.
Les mer »
Watch an AI Play the Best Game of Tetris You've Ever SeenThe AI easily shatters previous world records by prioritizing clearing four-line tetrises. Then the game completely melts down.
Les mer »