Problem analysis and future vision for GameFi: A transition from GameFi to DeFi gaming

Research Article
Open access

Problem analysis and future vision for GameFi: A transition from GameFi to DeFi gaming

Shaoshuai Pei 1*
  • 1 Northeastern University    
  • *corresponding author 202012069@stu.neuq.edu.cn
Published on 23 October 2023 | https://doi.org/10.54254/2755-2721/18/20230974
ACE Vol.18
ISSN (Print): 2755-273X
ISSN (Online): 2755-2721
ISBN (Print): 978-1-83558-027-1
ISBN (Online): 978-1-83558-028-8

Abstract

The increasing popularity of GameFi, a combination of gaming and financial models, has led to the emergence of certain problems with current financial models that can only be overcome through a transition towards de-game, or full-on-chain games. This paper provides an overview of the history and financial models of GameFi, identifies pain points on the path of transition from GameFi to de-game, such as capacity and TPS, and presents a concept for a de-game with achievable performance levels. Both single and double currency models have limitations that prevent them from reaching their full potential, demonstrating the need for a transition to de-game, capable of offering unique gaming experiences and financial rewards. Overcoming pain points such as capacity and TPS will be essential in achieving this transition. Proposed solutions include using sharding technology and optimizing smart contract architecture to enhance system capacity and TPS. Ultimately, this paper highlights both the challenges and opportunities presented by GameFi, proposing the transition to de-game to overcome the limitations of current financial models. Addressing critical pain points such as capacity and TPS, our proposed solutions offer feasible approaches to building reliable on-chain gaming systems. The future vision of GameFi in the form of de-game offers a promising outlook for the gaming industry, where players can engage in immersive games with financial incentives.

Keywords:

GameFi, DeFi gaming, transition

Pei,S. (2023). Problem analysis and future vision for GameFi: A transition from GameFi to DeFi gaming. Applied and Computational Engineering,18,109-116.
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References

[1]. Kiong L V. Web3 Made Easy: A Comprehensive Guide to Web3: Everything you need to know about Web3, Blockchain, DeFi, Metaverse, NFT and GameFi[M]. Liew Voon Kiong, 2022.

[2]. Thomason J. Metaverse, token economies, and non-communicable diseases[J]. Global Health Journal, 2022, 6(3): 164-167.

[3]. Kaur G, Habibi Lashkari A, Sharafaldin I, et al. Introduction to Smart Contracts and DeFi[M]//Understanding Cybersecurity Management in Decentralized Finance: Challenges, Strategies, and Trends. Cham: Springer International Publishing, 2023: 29-56.

[4]. Yu J, Zhang M, Chen X, et al. SoK: Play-to-Earn Projects[J]. arXiv preprint arXiv:2211.01000, 2022.

[5]. Birrer T K, Amstutz D, Wenger P. Decentralized Finance: From Core Concepts to DeFi Protocols for Financial Transactions[M]. Springer Nature, 2023.

[6]. Hromov M. Incubation of crypto projects in marketing: analysis of digital marketing tools[J]. 2022.

[7]. AXS Price Trends in Axie Infinity. Available at: https://coinmarketcap.com/currencies/axie-infinity/

[8]. SLP Price Trends in Axie Infinity. Available at: https://coinmarketcap.com/currencies/smooth-love-potion/

[9]. Shalender K. Digital Solution for Gaming: How the Entertainment Is Evolving with New Interactive Games[M]//Digital Entertainment as Next Evolution in Service Sector: Emerging Digital Solutions in Reshaping Different Industries. Singapore: Springer Nature Singapore, 2023: 81-89.

[10]. Baudin L, Laraki R. Fictitious play and best-response dynamics in identical interest and zero-sum stochastic games[C]//International Conference on Machine Learning. PMLR, 2022: 1664-1690.

[11]. Direr A, Doursat R, Laurent B, et al. A Data-Driven and Principled Approach to Designing the Tokenomics of a New Blockchain-Based Game[J]. Available at SSRN 4187993, 2022.

[12]. Mentzer K, Price J, Powers E, et al. Examining the hype behind the blockchain NFT market[J]. Issues in Information Systems, 2022, 23(4).

Cite this article

Pei,S. (2023). Problem analysis and future vision for GameFi: A transition from GameFi to DeFi gaming. Applied and Computational Engineering,18,109-116.

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About volume

Volume title: Proceedings of the 5th International Conference on Computing and Data Science

ISBN：978-1-83558-027-1(Print) / 978-1-83558-028-8(Online)
Editor：Marwan Omar, Roman Bauer, Alan Wang
Conference website: https://2023.confcds.org/
Conference date: 14 July 2023
Series: Applied and Computational Engineering
Volume number: Vol.18
ISSN：2755-2721(Print) / 2755-273X(Online)

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References

[1]. Kiong L V. Web3 Made Easy: A Comprehensive Guide to Web3: Everything you need to know about Web3, Blockchain, DeFi, Metaverse, NFT and GameFi[M]. Liew Voon Kiong, 2022.

[2]. Thomason J. Metaverse, token economies, and non-communicable diseases[J]. Global Health Journal, 2022, 6(3): 164-167.

[3]. Kaur G, Habibi Lashkari A, Sharafaldin I, et al. Introduction to Smart Contracts and DeFi[M]//Understanding Cybersecurity Management in Decentralized Finance: Challenges, Strategies, and Trends. Cham: Springer International Publishing, 2023: 29-56.

[4]. Yu J, Zhang M, Chen X, et al. SoK: Play-to-Earn Projects[J]. arXiv preprint arXiv:2211.01000, 2022.

[5]. Birrer T K, Amstutz D, Wenger P. Decentralized Finance: From Core Concepts to DeFi Protocols for Financial Transactions[M]. Springer Nature, 2023.

[6]. Hromov M. Incubation of crypto projects in marketing: analysis of digital marketing tools[J]. 2022.

[7]. AXS Price Trends in Axie Infinity. Available at: https://coinmarketcap.com/currencies/axie-infinity/

[8]. SLP Price Trends in Axie Infinity. Available at: https://coinmarketcap.com/currencies/smooth-love-potion/

[9]. Shalender K. Digital Solution for Gaming: How the Entertainment Is Evolving with New Interactive Games[M]//Digital Entertainment as Next Evolution in Service Sector: Emerging Digital Solutions in Reshaping Different Industries. Singapore: Springer Nature Singapore, 2023: 81-89.

[10]. Baudin L, Laraki R. Fictitious play and best-response dynamics in identical interest and zero-sum stochastic games[C]//International Conference on Machine Learning. PMLR, 2022: 1664-1690.

[11]. Direr A, Doursat R, Laurent B, et al. A Data-Driven and Principled Approach to Designing the Tokenomics of a New Blockchain-Based Game[J]. Available at SSRN 4187993, 2022.

[12]. Mentzer K, Price J, Powers E, et al. Examining the hype behind the blockchain NFT market[J]. Issues in Information Systems, 2022, 23(4).

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