Why Web3 games should focus on Sustainability?
AlgoBitz » GameFi
by admin
1y ago
Web3 games have recently gained pace with several GameFi projects going live on daily basis. The ongoing situation is a good opportunity to observe and re-evaluate the essence of Web3 gaming. For quite some time, we’ve analyzed many well-established gaming companies launching fabulous projects on Web3, in parallel to new companies entering the Web3 ecosystem with their infant yet amazing projects, and unfortunately, we found one thing in common. Although almost all of their whitepapers included and highlighted sustainability as one of their main objectives, their workaround was primarily based ..read more
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Gamefi will replace the $175B video game market?
AlgoBitz » GameFi
by admin
1y ago
The blockchain gaming subsector has rapidly become one of the most popular things in the space, however speculations are whether or not Gamefi will replace the existing $175 billion global video game market. Thanks to technological advances in gaming creation, developers have carried their games to the next level, with the power to give a full-time functionality to the public at large. GameFi has surfaced as a saviour for all the gamers.  GameFi is a technology that integrates Defi, video gaming, and NFT. Playing Play-to-Earn (P2E) games allows the players to earn in-game money. Axie Infi ..read more
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Web3 gaming: key features
AlgoBitz » GameFi
by admin
1y ago
The Web3 revolution, and Web3 gaming is the next kid on the block. Web3 games are open-source online games that use blockchain technology as an underlying pillar of a game’s economy. Web gaming has a value-exchange model for gaming so that gamers can own and trade in-game assets and collectibles via unique NFTs, using game tokens or cryptocurrencies. The characteristic of the play-to-earn Web3 game economics that a player can own in-game assets draws a sheer contrast to traditional game economies, which were majorly based on a closed environment, restricting gamers from buying or selling in-ga ..read more
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Inflation and its regulation in P2E Model
AlgoBitz » GameFi
by admin
1y ago
Inflation regulation, strongest tokenomics, perfect user interface, etc are those factors that any P2E game should keep in check when aiming for long-term sustainability in evergrowing WEB3 space.  Note that currenty there are around 300 well-established Play-to-Earn games in the market and numerous are being built daily. With billions of gamers in the global Web3 community, any new game targets to welcome a tide of gamers to bloom in the market, but a tsunami of incoming gamers sinks the economy of any game.  Let’s discuss a systematic approach toward achieving this equilibrium in a ..read more
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Blockchain Gaming Sector aka GameFi posts rapid growth
AlgoBitz » GameFi
by admin
1y ago
Blockchain gaming or gamefi is one of the most talked-about things in the crypto world, and it’s rising in popularity and use. GameFi means making money out of the gaming experience. It is a mix of the words “game” and “finance.” Of course, generating money playing online games is nothing new, but with the debut of GameFi, gamers have access to an abundance of new prospects thanks to blockchain technology and decentralized financing (DeFi). GameFi’s origins date back to 2013, when bitcoin was not as widespread as it is now, but game developers had already begun to adopt it into their productio ..read more
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Investment guide to some incredible Gamefi projects
AlgoBitz » GameFi
by admin
1y ago
Investment in traditional assets is left far behind, it is the era of blockchain investment now. GameFi and play-to-earn (P2E) projects and protocols have been rapidly growing in leaps and bounds, demonstrating significant advantages over conventional gaming and providing players with the unique potential to experience the benefits of their involvement.  GameFi incorporates features from developing blockchain sectors such as DeFi, NFTs, and decentralized gaming. This technology enables an individual to perceive in-depth knowledge of traditional gaming. NFTs, for example, have long been an ..read more
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Top emerging trends in Gamefi
AlgoBitz » GameFi
by admin
1y ago
Here are some emerging trends in Gamefi you may want to know. But for those who do not know, GameFi refers to a mix of the most recent crypto innovations with the traditional pleasure of winning rewards. Players on GameFi can lend, trade, or even rent out their earnings. Even though traditional games encourage players to collect and exchange digital assets, the value of these – sometimes scarce – objects is rarely allowed to be actively traded for real-world money. Understanding the emerging trends in Gamefi:  1. The Metaverse and NFTs NFTs are likely to become GameFi’s economic backbone ..read more
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Identifying Scams in GameFi projects
AlgoBitz » GameFi
by admin
1y ago
The gaming industry has been one of the most prominent players in the market and its prospects have never declined. With the advent of blockchain-based decentralized gaming, better known as GameFi, the gaming sector turned the page and started development towards a new phase. Applying blockchain technology and Web 3.0 concepts, the recent tide of new games has created a new revolution in the global community. Blockchain gaming and the incorporation of NFTs have been earnestly fascinating new players to involve in the development process, besides enjoying their favorite gameplays. Despite the v ..read more
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Growth of the GameFi Industry
AlgoBitz » GameFi
by admin
1y ago
GameFi is one of the most talked-about things in the crypto world, and it’s rising in popularity and use. GameFi means making money out of the gaming experience. It is a mix of the words “game” and “finance.” Of course, generating money playing online games is nothing new, but with the debut of GameFi, gamers have access to an abundance of new prospects thanks to blockchain technology and decentralized financing (DeFi). GameFi’s origins date back to 2013, when bitcoin was not as widespread as it is now, but game developers had already begun to adopt it into their productions. For example, the ..read more
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Upcoming GameFi Projects to Invest In
AlgoBitz » GameFi
by admin
1y ago
GameFi and play-to-earn (P2E) projects and protocols have been rapidly growing in leaps and bounds, demonstrating significant advantages over conventional gaming and providing players with the unique potential to experience the benefits of their involvement.  GameFi incorporates features from developing blockchain sectors such as DeFi, NFTs, and decentralized gaming. This technology enables an individual to perceive in-depth knowledge of traditional gaming. NFTs, for example, have long been an integral part of GameFi, mostly functioning as in-game characters or assets. GameFi is dictating ..read more
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