A catalyst for the general adoption of decentralized finance
N the past few months, decentralized financial platforms (DeFi) have gained a massive following in the crypto bull market. This digital currency revolution is now making its way into the gaming industry, creating a cross between DeFi and gaming experiences that experts expect will play a significant role in the next generation of games.
DeFi-focused tokens such as Polkadot (DOT), Solana (SOL), and Chainlink (INK), to name just a few, experienced moments of euphoria in the market and gained massively in importance in the course of the ongoing development.
Investors and speculators should expect even more in the future as the Solana Foundation and Huobi Ventures take bold steps to invest in early-stage blockchain-based gaming platforms that integrate DeFi into the system.
The emerging game-for-money model is seen as highlighting the benefits of blockchain technology in the gaming industry and beyond. This article looks at some of the latest developments in DeFi gaming and discusses what the future holds for this emerging sector.
DeFi simplified game
DeFi Land, a game developed as a multi-chain farming simulation to deliver a decentralized gambling financial experience, has just raised $ 4.1 million in participatory funding round from more than 40 investors.
Founded in 2021, DeFi Land is privately owned by a company headquartered in India that focuses on developing education and entertainment solutions for users who want to explore the DeFi space.
DeFi Land’s farming simulation is packed with all the features you can find on a regular DeFi platform. However, unlike most DeFi platforms, DeFi Land has a compatible ecosystem that can run on other older platforms like Uniswap or even PancakeSwap from Binance Smart Chain.
This approach is designed to help DeFi Land not reinvent the wheel, thus providing users with access to automated market-making protocols, decentralized exchanges, and leading protocols on the Internet. On DeFi Land, every digital asset is represented as a factory. For example, Solana’s SOL token is a sunflower, and USDC stablecoin is a corn plant. Users can farm these tokens and get a percentage of the annual profit in the form of an abundant harvest.
To make it easier for users to learn DeFi Insights, DeFi Land has a convenient mode where users can learn all about DeFi using dummy assets while playing in the available version of the game.
Brian Lee, Senior Managing Director at Alameda Research – one of the companies that participated in DeFi Land’s investment round – said DeFi Land combines “two of the most exciting things happening in cryptocurrency right now.”
Huobi Ventures relies heavily on the DeFi game.
With a growing wave of institutional capital pouring into the DeFi space, many companies are starting to take the field seriously, and Huobi Ventures is one of them.
Huobi cryptocurrency exchange investment arm Huobi Ventures has just announced a $ 10 million fund to invest in early-stage projects that combine gaming experiences with decentralized finance functions, i.e., GameFi.
In addition to financial support from Huobi Ventures, startups that take on the challenge will also receive legal and technical support from Huobi for their project, not to mention commercial and PR support.
Unica Yin, director of Huobi Ventures, said, “Blockchain technology has the potential to revolutionize the gaming business model and will play a central role in the next generation of games.”
Huobi Ventures also announced a $ 100 million fund for DeFi projects to help Huobi establish strategic mergers and acquisitions in the blockchain and crypto space.
Game model to make money (Decentralized)
In addition to the investors and project developers who are promoting the furnace for money, the communities of players and lovers of the not-to-be-missed token (NFT) are also getting involved in the fight, with recent developments such as Crypto Gaming United and Zebedee, funding rounds are making it for $ 5 million and $ 11.5 million, respectively.
Crypto Gaming United – a startup looking to build a global community of gamers in the game-for-money space – has raised $ 5 million in an oversubscribed seed funding round. The round was led by leading Australian venture capital firms Mark Carnegie and Chrono. Tech.
Crypto Gaming United is a gaming association of NFT-based games with over 1,500 members. Clans operate on multiple gaming platforms, providing players with education and financial insights into the digital economy. It makes money by sharing the income from sponsored gaming platforms with its members.
The guild is headquartered in Singapore and consists mainly of South Africa, India, and Indonesia players, with the common theme of players from low-income economies. Since most players cannot afford expensive gaming equipment and assets, guild sponsors can provide funding that enables players to generate income. The association’s founders also recognize that Singapore is a forward-thinking country of digital assets and cryptocurrencies.
Commented Carnegie, “At Crypto Gaming United, we are eliminating the cost of admission to the game and enabling players to generate income by mining their games.
Crypto Gaming United isn’t the only organization in the running. Zebedee also got involved, as seen with its $ 11.5 million Series A funding.
Zebedee offers a range of tools and products that allow developers to incorporate Bitcoin (BTC) into their games while giving players access to wallets, streaming devices, and game infrastructure to improve performance.
Gaming is a turning point.
The relationship between the DeFi sector and the gaming industry is mutually beneficial. On the flip side, gamers who spend endless hours and money on gaming platforms can now monetize their time and progress. DeFi platforms and the entire industry will also have a simple process to attract new users, increasing mainstream adoption.
Experts have predicted that the trend to gamble for money will continue to blur the line between financial assets and in-game collectibles that were once considered worthless. This will enable a new generation of gamers to exchange in-game purchases beyond the gaming platform.
The DeFi mechanism enables various gaming platforms to make the gaming experience entertaining and lucrative, as players can earn money by simply playing.
Currently, blockchain-based trading and collecting games such as AXIE Infinity and Splinterlands show that the competition for money business model has the potential to revolutionize the gaming industry and transform the way users learn and with the DeFi platform to interact.
With the video game industry valued at $ 175 billion and the DeFi space currently totaling nearly $ 100 billion, the intersection of the two sectors could be a tipping point.
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A catalyst for the general adoption of decentralized finance
N the past few months, decentralized financial platforms (DeFi) have gained a massive following in the crypto bull market. This digital currency revolution is now making its way into the gaming industry, creating a cross between DeFi and gaming experiences that experts expect will play a significant role in the next generation of games.
DeFi-focused tokens such as Polkadot (DOT), Solana (SOL), and Chainlink (INK), to name just a few, experienced moments of euphoria in the market and gained massively in importance in the course of the ongoing development.
Investors and speculators should expect even more in the future as the Solana Foundation and Huobi Ventures take bold steps to invest in early-stage blockchain-based gaming platforms that integrate DeFi into the system.
The emerging game-for-money model is seen as highlighting the benefits of blockchain technology in the gaming industry and beyond. This article looks at some of the latest developments in DeFi gaming and discusses what the future holds for this emerging sector.
DeFi simplified game
DeFi Land, a game developed as a multi-chain farming simulation to deliver a decentralized gambling financial experience, has just raised $ 4.1 million in participatory funding round from more than 40 investors.
Founded in 2021, DeFi Land is privately owned by a company headquartered in India that focuses on developing education and entertainment solutions for users who want to explore the DeFi space.
DeFi Land’s farming simulation is packed with all the features you can find on a regular DeFi platform. However, unlike most DeFi platforms, DeFi Land has a compatible ecosystem that can run on other older platforms like Uniswap or even PancakeSwap from Binance Smart Chain.
This approach is designed to help DeFi Land not reinvent the wheel, thus providing users with access to automated market-making protocols, decentralized exchanges, and leading protocols on the Internet. On DeFi Land, every digital asset is represented as a factory. For example, Solana’s SOL token is a sunflower, and USDC stablecoin is a corn plant. Users can farm these tokens and get a percentage of the annual profit in the form of an abundant harvest.
To make it easier for users to learn DeFi Insights, DeFi Land has a convenient mode where users can learn all about DeFi using dummy assets while playing in the available version of the game.
Brian Lee, Senior Managing Director at Alameda Research – one of the companies that participated in DeFi Land’s investment round – said DeFi Land combines “two of the most exciting things happening in cryptocurrency right now.”
Huobi Ventures relies heavily on the DeFi game.
With a growing wave of institutional capital pouring into the DeFi space, many companies are starting to take the field seriously, and Huobi Ventures is one of them.
Huobi cryptocurrency exchange investment arm Huobi Ventures has just announced a $ 10 million fund to invest in early-stage projects that combine gaming experiences with decentralized finance functions, i.e., GameFi.
In addition to financial support from Huobi Ventures, startups that take on the challenge will also receive legal and technical support from Huobi for their project, not to mention commercial and PR support.
Unica Yin, director of Huobi Ventures, said, “Blockchain technology has the potential to revolutionize the gaming business model and will play a central role in the next generation of games.”
Huobi Ventures also announced a $ 100 million fund for DeFi projects to help Huobi establish strategic mergers and acquisitions in the blockchain and crypto space.
Game model to make money (Decentralized)
In addition to the investors and project developers who are promoting the furnace for money, the communities of players and lovers of the not-to-be-missed token (NFT) are also getting involved in the fight, with recent developments such as Crypto Gaming United and Zebedee, funding rounds are making it for $ 5 million and $ 11.5 million, respectively.
Crypto Gaming United – a startup looking to build a global community of gamers in the game-for-money space – has raised $ 5 million in an oversubscribed seed funding round. The round was led by leading Australian venture capital firms Mark Carnegie and Chrono. Tech.
Crypto Gaming United is a gaming association of NFT-based games with over 1,500 members. Clans operate on multiple gaming platforms, providing players with education and financial insights into the digital economy. It makes money by sharing the income from sponsored gaming platforms with its members.
The guild is headquartered in Singapore and consists mainly of South Africa, India, and Indonesia players, with the common theme of players from low-income economies. Since most players cannot afford expensive gaming equipment and assets, guild sponsors can provide funding that enables players to generate income. The association’s founders also recognize that Singapore is a forward-thinking country of digital assets and cryptocurrencies.
Commented Carnegie, “At Crypto Gaming United, we are eliminating the cost of admission to the game and enabling players to generate income by mining their games.
Crypto Gaming United isn’t the only organization in the running. Zebedee also got involved, as seen with its $ 11.5 million Series A funding.
Zebedee offers a range of tools and products that allow developers to incorporate Bitcoin (BTC) into their games while giving players access to wallets, streaming devices, and game infrastructure to improve performance.
Gaming is a turning point.
The relationship between the DeFi sector and the gaming industry is mutually beneficial. On the flip side, gamers who spend endless hours and money on gaming platforms can now monetize their time and progress. DeFi platforms and the entire industry will also have a simple process to attract new users, increasing mainstream adoption.
Experts have predicted that the trend to gamble for money will continue to blur the line between financial assets and in-game collectibles that were once considered worthless. This will enable a new generation of gamers to exchange in-game purchases beyond the gaming platform.
The DeFi mechanism enables various gaming platforms to make the gaming experience entertaining and lucrative, as players can earn money by simply playing.
Currently, blockchain-based trading and collecting games such as AXIE Infinity and Splinterlands show that the competition for money business model has the potential to revolutionize the gaming industry and transform the way users learn and with the DeFi platform to interact.
With the video game industry valued at $ 175 billion and the DeFi space currently totaling nearly $ 100 billion, the intersection of the two sectors could be a tipping point.
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