Singapore, Singapore–(Newsfile Corp. – September 10, 2021) – GameFi Protocol Foundation Ltd. announced that their most advanced gaming guild and aggregating faming pool, GameFi Protocaol will soon be listed on Pancake. This news came after Dappradar showed that as of the end of August, GameFi alone topped 900,000 users. This is an increase of more than 180 times compared to the beginning of last year. The GameFi market ushered in an explosive period in the second half of 2021. In terms of user volume. In addition, from March to July, the number of GameFi’s daily active wallets rose 700%.
DappRadar – User and Volume Comparison
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Product Ecology Map
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DAO is the decentralized governance method of GFP, which allows GFI holders to participate in the future governance and decision-making. Members will be able to vote on matters such as the development of admission rules, the projects in which GMiner participates or the distribution of proceeds. Through DAO, GFP becomes an “on-chain guild” and it turns all GFI holders into guild members. When the number of members and players increases, the revenue capacity of the entire guild will likewise rise, thus pushing up the value of GFI. All token holders, including guild members and players, benefit from GFI’s value growth.
GFP’s Vision
GameFi is one of the most trending concepts nowadays, which repackages financial products and DeFi’s liquidity miningas as games. This approach greatly supports the common interests between developers, players and issuers by forming a new win-win relationship.
GFP makes the mining pool game an extremely popular participant in GameFi. As a special third party, GFP works as a coordinator for the selection of games, initial players, game revenue distribution and NFT prop flow, while GFP’s innovative DAO model is also expected to promote the development of GameFi.
As a gaming guild, GFP can provide all players with convenient ways of participating in GameFi games and better motivate players to use their abilities to create value for themselves and the GFP project.
As an aggregating farming pool, GFP is able to run a highly targeted marketing engine for a great new project once it is discovered. GFP does this by directing professional players to the game and motivating them to earn revenue by offering token rewards, as well as by generating lucrative returns for those who invest in GFP.
In addition, as GameFi grows, GFP will gather more and more such professional and cornerstone players who are indispensable in the launch and growth of the GameFi ecology.
Conclusion
From the perspective of industry development, the relationship between GFP and the GameFi project is complementary. GFP can drive more new users to GameFi and the crypto market, while games with novel gameplay and lucrative revenue mechanisms can help boost the number of users and the aggregated revenue of GFP. Thus the market size of GameFi is expected to gradually expand, and the assets in these games will eventually penetrate into the DeFi market. Such a development would provide more collateral for other DeFi protocols, whilst enriching the asset holders and promoting the integration of NFT with DeFi.
In a nutshell, GFP can not only lower the entry threshold for users and provide opportunities to earn revenue, but also help nascent GameFi projects complete their cold starts and become marketing channels for the latter. The growth of these projects will feed back into GFP, which will profit from the process. More importantly, as GFP enables more high-quality Play to Earn projects to be launched, the “wealth effect” generated by the combination of game and cryptocurrency will impact on the traditional market and further propel the development of GameFi.
Media contact:
Company Name: GAMEFI PROTOCOL FOUNDATION LTD.
Contact Person: Alex
Contact Person Title: CAO (Chief Architecture Officer)
Twitter: @GamefiProtocol
Company e-mail: [email protected]
Website: https://gamefi.ai/
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