GameBuild joined Twitter Space on Exploring NFTs in GameFi Projects
The recent Twitter Space AMA hosted by Cards Ahoy on Thursday, June 13th, provided an insightful discussion on the role of NFTs in the GameFi sector. The session featured Andy Pan, CTO of GameBuild, alongside core members from three other prominent game projects and communities. They shared their expertise and vision for the future of blockchain gaming, highlighting the transformative potential of NFTs in creating player-driven economies and enhancing gaming experiences.
The AMA began with a vibrant introduction, covering various topics from market challenges to the innovative use of NFTs. The host introduced the speakers and outlined the main topics for discussion, including barriers and challenges in the crypto market, personal experiences with NFTs, and the current gaming landscape.
Here’s a detailed recap which captures the essence of the AMA, highlighting key points shared by Andy Pan representing the GameBuild team, while ensuring clarity and engagement for the audience.
The Role of NFTs in GameBuild Ecosystem
Andy elaborated on the pivotal role of NFTs within the GameBuild ecosystem, especially through the Ad-Spot-based Advertising Paradigm. This concept integrates advertising into games as seamless, tradable assets. NFTs represent unique ad spaces within the game, enhancing the gaming experience and creating new monetization opportunities for players and developers. Players can own and trade these NFT ad spots, adding a sense of ownership and potential profit, thereby enriching the overall engagement and sustainability of the game environment.
Economic Model Design
Discussing the economic model, Andy noted that while GameBuild has not yet released any NFTs, the design will ensure intrinsic utility within the game, enhancing gameplay and player engagement. The number of ad spots and NFTs will be limited to maintain scarcity and value, appealing to collectors and traders. Partnerships with real-world brands and advertisers will further increase the value of NFTs outside the game, with prices determined by market demand to ensure fair value.
Shaping the Future of Web3 Gaming
Andy emphasized that NFTs are revolutionizing Web3 gaming by decentralizing ownership and enabling true player-driven economies. This shift promotes fairer and more transparent economic systems, where value is created and shared among the community, leading to increased player engagement and retention.
Overcoming Challenges for Mainstream Adoption
To achieve widespread adoption and mainstream success, Andy highlighted the need for enhancing user experience to be as seamless as traditional games, developing scalability solutions to handle large transaction volumes without compromising performance, and establishing clear regulatory frameworks to build trust and legitimacy in the market.
Final Remarks
Andy concluded by expressing optimism about the future of Web3 gaming, acknowledging significant technological progress and emerging infrastructure. He remains confident that continued innovation and collaboration will drive mainstream adoption, making Web3 gaming a reality in the near future.
About GameBuild
GameBuild is a next-generation game infrastructure with powerful toolkits, bringing a brand new economics and experience for Gamers, Developers and Advertisers. It is an innovative infrastructure designed to revolutionize the gaming industry by integrating blockchain technology to boost revenues for developers and players. It replaces traditional gaming platforms with advanced features for development, analytics, bridging Web2 and Web3 games, while incorporating seamless in-game advertising through ‘ad spot’. These ad spots, dynamic spaces within games, display ads non-intrusively as visual, auditory, or interactive elements which are tradable within the GameBuild ecosystem.
Exchanges Listed: Up to now, it has been listed on several exchanges and has a worldwide exposure including Upbit, HTX, Bitget, OrangeX , MEXC and Gate, etc.
Official channels
- Website: https://game.build/
- X: https://x.com/GameBuild_
- Medium: https://medium.com/gamebuild
- Telegram: https://t.me/gamebuildofficial
- Telegram Announcement: https://t.me/gamebuild_announcement
