The Gamefi Ecosystem
GameFi has evolved over time to change the notion that gamers are people who lack what to do, to become a full stream of income and a wealth creation medium for a lot of Internet users.
What the is the gamefi; it's a block chain gaming technology that operates largely on the principle of playing to Earn (P2E) rather than the pay to play (P2P) model that has been previously operated by the traditional gaming industry, it entails the features of rewarding gamers for playing online games when the get in game Non Fungible Tokens (NFT) which has monetary value when exchanged. This model has sustained the new Industry since it became widely accepted since 2019 with games such as Axie Infinity, Sandbox and Decentraland as top movers.
However a decline has been observed in recent times both in the number of users, revenue and the income rate.
This decline has been traced to some faults in the P2E model;
1. The model is plagued with strong DeFi and weak playability, which usually leads to the strong periodicity of GameFi,
2. The threshold for participation by new users are usually high.
3. New projects usually find it hard to make it out as the outstanding projects doesn't promote them, nor give them a platform to develop their projects.
This slows down the growth of the Gamefi industry
GameFi Protocol: The solution
The founding team of gamefi protocol with their expertise gaming experience have come up with a massive project that aims to move the Gamefi Ecosystem, the GameFi Protocol advocates F2P2E (free-to-play-to-earn), it is the first GameFi aggregation protocol, and is committed to becoming the leading GameFi aggregation and trading platform. The platform provides users with better games and game manufacturers with more technology, users and financial support for the gamefi industry. The GameFi Protocol provides a new possibility for the development of the GameFi ecology.
Users can participate in any game listed on the platform, whilst game developers can publish their own games on the GameFi Protocol’s platform. Unlike traditional GameFi operations, the GameFi Protocol places its emphasis on launching phenomenal games with high playability. This includes the provision of a full range of services to partnered game developers on blockchain technology, the NFTization of game assets, tokenomics, community promotion, game promotion and compliance services.
For game developers, it means that they can solve multiple problems at once such as technical, product or operation issues, traffic or start-up capital accumulation at the early stages of a project’s development through the GameFi Protocol.
With these amazing features duly implemented, the GameFi Ecosystem will witness massive transformation and wide participation thanks to gamefi protocol, the revenue stream is going to be on the increase as well, holding the GFI of gamefi protocol at this early stage would be the wisest decision by any gamefier.
Stay connected with Gamefi Protocol
TG Global Group: https://t.me/GamefiProtocol