Make two very bold predictions:
1.Among the top 100 CMC market value rankings, 25%of the coins will be GameFi related within one year. There are currently 6, and it is estimated that there will be more than 25 within a year.
2.The dominant position of BTC and ETH on the CMC market value rankings will continue to decline. BTC now occupies 40%, ETH occupies 20%, I guess it will be squeezed out by other coins in half, and the biggest contributor is GameFi. Why?
- People are too addicted to games and "finance" I think games and "finance" are more addictive things than tobacco and alcohol. People can hardly fight against these two things. How many people delete and install game apps, install and delete them, year after year, but finally surrender.
Think about what we are doing with the Internet? Playing games and engaging in finance are the two biggest things. The app I open up when I got up was the cryptocurrency market. And the APP that takes up the longest screen time is the game.
GameFi is a financial plus game. It brings together the two major categories of applications with the largest number of users in the world and the longest consuming user time.
The blockchain’s borderless, no kyc, and no limit currency (money) features can greatly recommend Game to capture more users and capture more users’ money.
After DeFi has become the basic plug-in of the industry, all games can easily design a complete financial solution, which greatly extends the economic life cycle of the game. This is a big killer to alleviate the bad economic models of various traditional Internet games. Game captures the number of users and Fi captures the user's money. How can humans fight against it now?
- The game has its own legal attributes, GameFi does not need to emphasize decentralization, you can ignore the TPS problem of the blockchain My biggest concern about GameFi in the past was that the performance of the blockchain could not carry the huge number of users. So I pay special attention to public chains designed specifically for games. But Axie's performance makes me think that game centralization is okay. Axie officials often change the rules, and users support it. This is completely different from the decentralized obsession of native blockchain users. The essence behind decentralization is to avoid a single point of failure. There may be two main meanings here. One is to avoid being killed by a powerful enemy to find the center point; the other is that the project official acts as the center point itself and the fortress collapses from the inside. The more important force of the former comes from the supervisory level. Games are not strongly regulated in most countries in the world, so there is little need to build decentralized attributes to avoid pressure from the regulators. The strong operational nature of the game allows users to accept the powerful power of the project party as the central point. So I think games do not need to rely strongly on blockchain technology to build decentralized properties, games just use blockchain to develop financial properties.
- The meta-universe concept has driven global capital and talents, and GameFi will capture a huge share. This is a feeling, I have not been able to collect data and logic to support it, I think it is self-evident.
Today CMC ranks 100th with a market value of US$900 million. If one quarter of the top 100 coins are GameFi-related, it means that there will be 25 games with a market value of more than US$900 million in the world. The mobile game revenue rankings for September 2021 can be found on the Internet. "Original God" earned 341 million U.S. dollars a month, ranking first; "Glory of the King" was 209 million U.S. dollars, ranking second. Games are too money-making, Game+Fi, will only be more awesome.
Finally, GameFi-related coins fluctuate faster than other coins. Just like DeFi coins squeezed from obscurity to the top ten in two years, and then collectively fell out of the top 20, this rhythm may be faster in GameFi. So I estimate that investing in GameFi is more bloody than other coins.