Sunday, January 23, 2022

If you build it, they’ll come: GameFi’s rapid expansion

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The blockchain gaming ecosystem is evolving rapidly with new developments all the time in crypto (play-to-earn), NFT (digital assets) and social-fi (individual de-fi). On a larger scale, a parallel can be drawn: how Las Vegas was built. At first there was a bistro with a few slot machines and poker tables. Then other places opened up with new games to play, and any winnings could be cashed in and then put back into play on each of them. This fluidity has cultivated the entire ecosystem.

Another parallel would be the growth of alternative asset classes such as financial derivatives, which provide both value and utility to their users. These tend to happen during times of uncertainty and over time become fully investable. The same is applied in the crypto gaming space, only that it is still in its infancy.

X World Games (XWG) is one of the first players in this new ecosystem and has already opened its second performance hall. XWG’s Dream Card 2.0 and Dream Card 1.0 both get a makeover. XWG Ecosystem is the first and only cross-platform, cross-play crypto gamefi ecosystem that operates two games on Web2.0 and Web3.0. In doing so, XWG has built and led the global development of video game systems and NFT.

When a new ecosystem begins to sprout, there is usually a social aspect to it. This also happens in the gamefi world. XWG’s DAO and its X-Trader and X-Creator initiatives allow individuals to migrate from Web2.0 to Web3.0. XWG’s Marketplace trading, options that come with NFT Creations, and content creation all show the many ways that users can participate. It also explains why so many new participants are rushing.

Dream card 1.0 and 2.0

Dream Card 2.0 is a strategic collectible card game. Players collect Hero NFT Cards by direct purchase or opening a Mystery Box in the Marketplace, and use them to challenge different levels of adventure, acquire token rewards, and have a better chance of winning game materials and prizes. lottery tickets.

Dream Card 2.0 is a different game mode from Dream Card 1.0 (i.e. player versus environment and not player versus player). But the interflow of the two games and all the game assets that were acquired in Dream Card 1.0 are secured on 2.0. In addition to this, the game’s assets in 2.0 are enhanced and enriched by introducing new NFTs that generate more revenue for players with more outlets.

Take the lottery, for example, this is a whole new design and the first of its kind in crypto games. At the end of each level and regardless of winning or losing, players will have a chance to win the lottery for their jackpot draw. .

As Dream Card2.0 prepares for launch, Dream Card1.0 is also undergoing a patch update designed to optimize its gameplay and earning mechanics. The update is based on all data collected and analyzed since the launch of the game as well as specific test data feedback from players.

Both games are rooted in the same ecosystem and, therefore, they are able to communicate “both ways”, coexisting with secure and transferable game assets and co-evolving with new designs implemented – the new implantation lottery in Dream Card2.0 will be fed back into Dream Card1.0 at a later stage. X World Games takes the lead in building the first cross-game, cross-play and cross-platform metaverse by updating the flows and infrastructures in their ecosystem.

While the move from Dream Card 1.0 to Dream Card 2.0 doesn’t seem like much of an expansion, it is a crucial first step in developing an ecosystem with a richer environment, more assets, greater valuation. assets and full fungibility of these assets. The parallel with Las Vegas can still be seen with how the ability to win – the financial incentive – must be balanced with the ability to be entertained and to feel part of a group – the social incentives. The bundling of these financial and social incentives attracts new participants, which in turn increases the financial and social rewards. This is a virtuous circle where supply effectively creates demand and will ensure the rapid expansion of the gamefi universe.

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