Over the past few months decentralized finance (DFI) platforms have gained a culture-like following against the backdrop of a bright cryptocurrency market. That revolution in digital money is now moving into the gaming industry, creating a gap between DFI and gaming experience that experts now predict will play a huge role in the next generation of games.
DFI-centric tokens, such as Polcadot (dot), Solana (SOL) and Channellink (INK), to name a few, had a buoyant moment in the market, gaining great traction as large developments continued.
The Solana Foundation and Hubby Ventures should expect investors to go further and further to invest in blockchain-based gaming platforms at an early stage, which includes DFI in their system.
Emerging play-to-earn models have been given prominence to highlight the benefits of blockchain technology in and outside the gaming industry. In this article, we take a look at some recent developments in the default gaming space and discuss what the future holds for this emerging sector.
Games make DFI easier
Defy Land, a game designed as a multi-chain agriculture simulation aimed at a distorted decentralized money experience, raised just. 40.00 million in a funding round that saw the participation of over0 investors.
Founded in 2021, Defy Land is privately managed by a company headquartered in India primarily focusing on creating educational and recreational solutions for users to explore the defy space.
The agricultural simulation of DFI Land is designed with all the features that you would find on a conventional DFI platform. Unlike most DFI platforms, DFI Land has an interactive ecosystem that is capable of running on other established platforms such as Uniswap or even the Pancakesavap of the Benson smart chain.
This approach is set to help Defy Land avoid wheel re-innovation, thus allowing its users to access automated market creation protocols, decentralized exchanges, and other protocols on blockchain networks. In Defy Land, each digital resource is represented in the form of a plant. For example, Solana’s SOL token is a sunflower and USD C Stablecoin is a corn plant. Users can cultivate these tokens and earn an annual percentage yield that comes as a plentiful crop.
To make it easier for users to learn the ins and outs of DFI, DFI Land has a practice method where users can learn all about DFI using dummy resources while playing in the specified version of the game.
Brand Lee, a senior executive at Almeida Research – one of the companies participating in DFI Land’s investment round – says that DFI Land combines “the two most interesting things happening in crypto right now – gaming and DFI”.
Hubby Ventures is making big bets on defensive gaming
With the growing wave of institutional capital in the DFI space, more companies are starting to pay serious attention to this sector and Hubi Ventures is one of them.
The investment arm of the Hubby Cryptocurrency Exchange, Hubby Ventures, recently announced a মাত্র 10 million fund that will invest in early-stage projects that combine a gaming experience with decentralized finance features, namely, GameFi.
In addition to financial support from Hubi Ventures, challenging startups will receive Hubi’s support for legal and technical support for their projects, not to mention PR and commercial support.
“Blockchain technology has the potential to revolutionize the gaming business model and will play a key role in next-generation games,” said Unica Yin, director of Hubby Ventures.
Huobi Ventures has also announced a $ 100 million fund dedicated to the DeFi project, which will help Hubi establish strategic integrations and acquisitions in blockchain and crypto space.
In addition to players and project developers that fuel the reactor from the toy, communities of gamers and unwanted tokens (NFT) lovers have also seen recent improvements such as Crypto Gaming United and Zebdi’s করার 5 million shutdown management. $ 11.5 million funding rounds, respectively.
Crypto Gaming United has raised $ 5 million in a startup-an additional subscribed seed fund round aimed at building a global guild community of gamers in the play-to-earn space. The round was led by Mark Carnegie and Chrono.tech, Australia’s top venture capital firms.
Crypto Gaming United is a gamer’s guild of NFT-based games with over 1,500 members. The Guild operates across multiple gaming platforms, educating gamers as well as providing financial literacy in the digital economy. It makes money by sharing the revenue generated within its sponsored gaming platforms with its members.
Headquartered in Singapore, the Guild consists mainly of players from South Africa, India and Indonesia with a common theme for players in low-income economies. While most players cannot afford expensive gaming gear and assets, the guild’s sponsors can provide funding that allows players to earn revenue. The founders of the Guild also acknowledge the fact that Singapore has a far-sighted jurisdiction over digital resources and cryptocurrencies.
“At Crypto Gaming United, we’re deducting the cost of admission to play, allowing players to earn money through their gaming.”
Crypto Gaming United is not the only organization in the race. JBDO also raised .1 11.1 million by watching Fund A in this series.
Zebedee provides a suite of tools and products that enable developers to integrate Bitcoin (BTC) into their games while giving gamers wallets, streaming tools and other gaming infrastructure that improve performance.
Gaming is a tipping point
The relationship between the DFI sector and the gaming industry is mutually beneficial. On the one hand, gamers who spend endless hours and money on gaming platforms will now be able to monetize their time and progress. There will be a simple process to onboard new users across the DFI platform and the industry as a whole, thus increasing mainstream adoption.
Experts have already predicted that the play-to-earn trend will further blur the lines between financial resources and in-game collections that were once seen as worthless. This will allow a new generation of gamers to exchange game resources outside of gaming platforms.
DFI processes make the gaming experience for different gaming platforms not only entertaining but also profitable because gamers will only be able to earn while playing.
Already blockchain-based collectible and trading games such as AXIE Infinity and Splinterlands show that a play-to-earn business model is not only likely to disrupt the gaming industry but also change how users learn and interact with DFI platforms.
With the video gaming industry valued at 17 175 billion and DFI space currently sitting at a total locked value of around 100 100 billion, the intersection of both industries could be a real game-changer.