A Brief Introduction about GameFi — An All-encompassing Hub for Game Finance

Icetea Labs and DAO Maker created GameFi with support from Polygon Technology to lay the foundation for the play-to-earn gaming finance economy which is under massive surge.

Blockchain Game Landscape

Blockchain play-to-earn gaming is emerging as a phenomenon. Axie Infinity is currently the market’s most popular NFT game, with weekly sales at times reaching $100 million. The success of Axie Infinity and other recent blockchain games has accelerated the growth of the play-to-earn model to unprecedented levels. Numerous innovative gaming finance concepts have evolved from this model; for instance, scholarships have garnered significant attention.

In the meantime, the prospects of blockchain games are immense since the whole blockchain-based in-game economy is still in its infancy and just beginning to develop its potential.

• No dedicated launchpad for blockchain games that allows those interested to gain early access to qualifying games.
• No game hub to explore standout blockchain game projects or valuable in-game items. Meanwhile, the number of play-to-earn games continues to grow at a breakneck pace.
• No central repository where players can easily track their earnings and manage their in-game items. This is highly inconvenient if the player participates in multiple games concurrently.
• No platform provides comprehensive game finance tools, including trading, funding, and scholarship opportunities.
• No model enables owners of game items to maximize the value of their possessions when they are not actively playing the game. Owners are unable to delegate their items to a guild for a recurring yield. By contrast, gamers who require those items are unable to obtain them.

Concerning game studios willing to adopt blockchain, many lack the necessary technical expertise and an effective platform for reaching out to and developing relationships with game players or token holders.

We created GAMEFI to work out these existing challenges effectively.

What is GameFi?

GameFi is an all-encompassing hub for game finance, serving game studios, players, traders, and investors in one place. GameFi will bring the gaming community the promising blockchain game initiatives developed on the BSC and Polygon networks, which host most of the top-rated play-to-earn titles. Simultaneously, GameFi is the first marketplace to enable cross-games trading of in-game items and NFTs.

GameFi is strongly backed by Icetea Labs, an incubator for rising projects such as Faraland and Kaby Arena, and DAO Maker, a launchpad for numerous high-profile game projects. This collaboration is a crucial first step providing a solid foundation for the growth of GameFi’s ecosystem.

The GameFi Ecosystem includes Yield Guilds, Launchpad, Aggregator, Marketplace, and Accelerator.

Game Aggregator

The ultimate gaming destination, GameFi Aggregator, will allow gamers to discover and experience trending blockchain games. Additionally, it serves as a repository for players’ in-game items and NFT assets, as well as a platform to track their play-to-earn yields. It then enables players to list their in-game items and NFTs for sale, exchange, rent, and more on GameFi Marketplace, regardless of the game they’re playing.

Yield Guilds & Scholarships

GameFi Yield Guilds enables users to earn passive income by participating in various gaming finance vaults. For instance, there will be vaults for Axie Infinity scholarships, Faraland Hero upgrades, or GameFi IGO — where users can stake $GAFI and receive a share of each IGO’s tokens on GameFi.

Game-dedicated Launchpad

GameFi will be the first launchpad that conducts Initial Game Offerings (IGO) for game projects to get first access to game assets and engage with the gamers in the GameFi community. With support from game incubator Icetea Labs and DAO Maker, many major games are waiting to land on the GameFi launchpad in the coming months.

Game Items Marketplace

GameFi Marketplace will evolve into a one-stop shop for all in-game items and assets following the integration of DeFi tools. Discovering, purchasing, selling, trading, or even hosting an NFT auction has never been easier. Sellers and buyers can even carry cross-game NFT transactions via an exclusive exchange mechanism. All of this is done via smart contracts to ensure accuracy and reliability.

Blockchain Game Accelerator

The GameFi Accelerator provides pre-built templates and tools to assist traditional game studios in implementing blockchain components and facilitating play-to-earn gameplay mechanisms. Additionally, GameFi collaborates closely with Polygon Technology to support game studios developing their projects on the Polygon Network, taking advantage of the network’s scalability, low transaction fees, and multi-chain ecosystem.

Follow GameFi’s official information channels to stay updated with the latest and hottest information related to the project!

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