Online communities demand independence. Virtual currencies that hold no real value are ludicrous in an industry with trillions of dollars at stake. Cryptocurrencies can solve both problems.
At the center of the transformation is gamefi. Like defi, gamefi offers unparalleled advantages derived directly from peer-to-peer networks. Inherently valueless currencies is a big problem. Nowhere is this more obvious than in gaming communities where digital assets are widely traded on unsanctioned marketplaces.
Gaming (especially MMOs) is as much a motivation for crypto as is online retail. Blockchain was developed, at least in part, out of a need to reinvent supply chains. Combine the advantages of retail and supply chains, and it's easy to see why crypto developers refer to Web 3.0. The Internet age demands an efficient, user-centric, nimble marketplace. Gamebox is set to deliver.
Beyond Convention
Crypto and NFTs go beyond satisfying the needs of the gaming community. They offer new ways to exchange value and opportunities for businesses. It’s also about reinventing marketing. From corporate brands to player guilds, e-sport marketing is on the precipice of revolutionary change. Impacts expect to cascade throughout online life.
Gamers Know
Gamers understand the new marketplace. Even those who know little of crypto are better prepared than most. Gamers value digital assets to a high degree. P2P networking, communicating value, time put in, and discovering new opportunities are things woven into the fabric of modern gaming.
Enter Gamebox
Defibox was launched onto the EOS mainnet in recognition of the advantages of swaps over exchanges. So much is made possible through swapping cryptocurrencies. Defibox offers staking pools, lending and more. All of Defibox’s applications are on hand for quick transaction finality.
Team Defibox now targets NFTs and gaming. It’s a much larger undertaking. Bringing defi and swap technology to NFTs is a key part of Web 3.0. Gamebox is positioning itself to take a lead role.
Real-time economies are essential in Web 3.0. EOS (and its transaction speeds) is ready now. P2P networks can operate at lightning speeds. They are often slowed by the unnecessary redundancies of traditional server based networks. Throw in one-of-a-kind NFTs alongside cryptocurrencies, and it’s easy to see why new solutions are needed.
Keys to Success
If there’s a team out there that can deliver on this vision it’s Defibox. They’ve identified several critical areas that will determine the success of gamefi:
Funding
Blockchain Community
Support for Game Developers
Empowering Users
Improved Funding from Top to Bottom
Streamlining the funding process for new ventures aids the growth of the industry. The success of quadratic funding ventures like Pomelo and Gitcoin demonstrate the importance of communities. In gamefi, players are more than revenue streams. They can also be high value investors.
Communities Become Even More Important
The importance of player investors stems from the emergence of blockchain communities. Networking that occurs here is unlike traditional online communities. Everyone is a bit of an influencer. Adding value, programing, and HODLing digital assets is decentralized and open to all. This is simply not the case on traditional social media sites. It’s a limitation that has greatly hampered gaming environments.
Developer Advantages
The importance of gaming communities cannot be overstated. Game developers now rely on guild and micro communities across gaming genres. Positive reception from a community goes a long way toward ensuring success. Furthermore, early stage acceptance during the development process can take on a life of its own. Is it any wonder why Gamebox provides support for game developers?
Users Soar
By now it should be clear that empowering users is at the heart of Gamebox. Just as defi has empowered developers, gamefi substantializes player run economies. Something as basic as retaining value of game purchases makes these assets as real as any other investment. MMO gamers know this all too well.
A New Dynamic
The eternal nature of MMOs, as well as the emerging metaverse makes asset valuation much less perishable than it’s historically been. New games and technologies no longer ‘outdate’ game assets. In fact, the perpetual nature of modern games demonstrates a new economic law of a tendency for game assets that appreciate over time.
Gamebox does not merely provide support for communities, developers, funding and users. It also ties them together.
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