How to discover a valuable GameFi?

Decentralized game (GameFi) is a new form of game mode based on blockchain, which has attracted people's attention because of the feature that it can obtain benefits in the game.Especially when the market size of the blockchain has further grown, in the past few years, GameFi's projects and users have ushered in a huge growth.

When GameFi started to get hot, some potential problems started to appear.The fact that GameFi can obtain income from the process of playing games inevitably makes it have certain financial attributes, and this is one of the core reasons for the chaos in GameFi.A lot of GameFi is shoddy, just wearing some game-free skins, but the real purpose is to use it as a financial tool for making money, capital disk and other operations.A large number of worthless or low-value GameFi are constantly pouring out like being processed on the assembly line, which has seriously hindered the development of GameFi.

How can we find a truly valuable GameFi in a mixed market?Here are a few standards that can be used as a reference.

First, gameplay

As a game, no matter how its business model changes, gameplay is always the first element.A game that lacks gameplay can directly deny its value, and such a game is impossible to develop in the long run.There are many such games with no or low gameplay in the market today, but most of them are subject to fund fraud, induced recharge, etc. It can be said that such games without gameplay are themselves a fund trap.

Second, Game Ecosystem

For GameFi, a complete ecosystem is very necessary.As we said earlier, the main difference between GameFi and traditional games is the ability to make money in the game.How users can acquire, use, and trade these digital assets in the game requires the support of the game's ecosystem.

Third, the value of digital assets

After examining the ecosystem inside the game, we need to further examine the value of the digital assets generated in the game outside the game.Many traditional games have a relatively complete ecosystem inside them, so that users have a good experience, but when the assets of these games are transferred outside the game, the value will drop sharply, or even worthless.GameFi's ability to maintain in-game digital assets outside the game is also its unique charm.

Generally speaking, GameFi will make in-game characters, props, etc. as NFTs, and trade them in various NFT trading platforms.We can also go directly to these platforms to simply evaluate the game asset value of the project.

Fourth, reward mechanism

For GameFi, an excellent reward mechanism is also very important. Difficulty obtaining rewards will reduce the enthusiasm of players, while rewards that are too easy to obtain will also reduce the value of game assets.control.

Fifth, Blockchain Foundation

The underlying blockchain is an important piece of content that we can easily overlook.Although the establishment of a GameFi project must be built on the blockchain.But there are also many project parties that build it on some worthless chains to cheat, or some project parties simply don't even use the blockchain, just to induce players in some propaganda.

In addition, a good chain, the efficiency of data and transaction processing, and security can be better guaranteed, and can also provide players with a better experience.