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GAMEFI
R I S I N G
A N D N E W O P P O R T U N I T I E S
© 2 0 2 1 C A P TA I N R I C K Y
RICKY CHEN
(A.K.A. CAPTAIN RICKY)
• Study Blockchain & Cryptocurrencies since 2017
• Home Mining Cryptos/ Algo-Trading / Free Crypto
Courses
• Founder of Pacific Islands of Blockchain, which
members includes Taiwan’s legislators, Blockchain
industrial leaders and influencers
• Joined Cloud-Gaming company Ubitus as Blockchain
BD Director (2018~2019), initiated Asobu.AI, the
project which aimed to collaborated Machine Learning
and Gaming to generate Skills for Artificial Intelligence
Driven robots
• Gamer for life
• Ambassador Lvl. 2 of DeFi Collectibles
Project :Aavegotchi
IN-GAME
CURRENCY
IS THE BEGIN
OF CRYPTOS
S I M P LY I S S U E A C R Y P T O C U R R E N C Y F O R
G A M E D O E S N ’ T M A K E Y O U A G A M E F I
P R O J E C T
WHY DO WE
NEED
BLOCKCHAIN?
• Cryptos is all about
Financial Sovereignty not
E-Payment
• Blockchain for Game
means Financial
Sovereignty for Gamers
• Whatever in-game assets
I’ve been paid for or foght
for, I can do whatever I
want, to sell it or rent it
without permission of the
others
GAMEFI
BOOMING FROM
NOWEHRE?
This photo was taken early 2019,
Aleksander Leonard Larsen (the
COO of Sky Mavis) proudly
announced they just finished
their first land sale on Axie
Infinity. During this panel,
nobody talked about GameFi, not
even DeFi.
Blockchain Games aren’t new
Play2Earn is not a new word
Goldfarmers is a way to make a
living even before Bitcoin was
invented.
Why does GameFi booming?
GAMEFI
IS
GAME+DEFI
• DEXs with AMM like Uniswap
surpass major crypto exchange
trading value
• Staking & Liquidity Mining
being popular and acceptable
to most users
• ETH price surged hence all
blockchain games assets value
surged (People made money!)
• Side chain/ Layer 2/ Other
Public Chain lower user entry
barrier with cheap fees
• NFTs’ huge trading value
gained major media exposures
In the later of 2020 I predicted in a presentation that the Next Big
Thing will be applications based on DeFi Money Legos
G L O B A L PA N D E M I C B O O S T T H E
P O P U L AT I O N O F G O L D M I N E R S
TRADITIONAL ONLINE GAME VS
GAMEFI PROJECT
Traditional Online Gmae GameFi Project
In-game
Currencies
Centralized Issued on Server,
no public record available
Decentralized issued on blockchain
public record available
Trading for In-
game
Currencies
No, non-public DEX/CEX
In-Game
Assests
Centralized Issued / OTC
websites
Trade P2P in games, free to transfer
and swap
Governance Centralized Company DAO
Profit Mostly the game company Game studio and gamers (DAO)
IP Designed and decided by the
company
Designed and decided by the
community
Entry Barrier High Relatively lower than Online game
Suitable for SMB
GAMEFI
CHALLENGES OF OPERATION
1. Crypto users population remain small
2. User entry barrier still high, painful for new users to learn
how to use crypto wallet
3. Low liquidity for in-game assets
4. Low efficiency in marketplace, Opensea is not for GameFi
5. Individual user’s profit gaining power limited by time and
and financial capability
6. DAO governance could be very slow
7. Whale users might alter the game experience or even the
in-game economic
THE NEW OPPORTUNITIES COME
WITH GAMEFI
GUILD:
Just like the old time, but bigger guild like Yield Guild Games could benefit
from DAO governance and community growth.
Wallet for GameFi:
Better User On-boarding Process, simple design of UI/UX
Provide insights and value tracks for in-game assets
GameFi Exclusive Trading Platform:
A GameFi trading standard builder like Opensea for NFT,
provides trading analysis data and visualized value trends
Lending Protocols for GameFi
Provides liquidity, stablized market price
WHAT’S MY CHANCE
AS A NORMAL PERSON
WHO IS NOT WHALE?
1. Play2Earn
2. Invest in GameFi project or staking
3. Flipping in-game assets (Characters/
Wearables /Lands )
4. Invest in Guild / Join one
5. Build your own guild / scholar program
Not Financial Advice.
Do Your Own Research!
THANK YOU!

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The Rise of GameFi

  • 1. GAMEFI R I S I N G A N D N E W O P P O R T U N I T I E S © 2 0 2 1 C A P TA I N R I C K Y
  • 2. RICKY CHEN (A.K.A. CAPTAIN RICKY) • Study Blockchain & Cryptocurrencies since 2017 • Home Mining Cryptos/ Algo-Trading / Free Crypto Courses • Founder of Pacific Islands of Blockchain, which members includes Taiwan’s legislators, Blockchain industrial leaders and influencers • Joined Cloud-Gaming company Ubitus as Blockchain BD Director (2018~2019), initiated Asobu.AI, the project which aimed to collaborated Machine Learning and Gaming to generate Skills for Artificial Intelligence Driven robots • Gamer for life • Ambassador Lvl. 2 of DeFi Collectibles Project :Aavegotchi
  • 3. IN-GAME CURRENCY IS THE BEGIN OF CRYPTOS S I M P LY I S S U E A C R Y P T O C U R R E N C Y F O R G A M E D O E S N ’ T M A K E Y O U A G A M E F I P R O J E C T
  • 4. WHY DO WE NEED BLOCKCHAIN? • Cryptos is all about Financial Sovereignty not E-Payment • Blockchain for Game means Financial Sovereignty for Gamers • Whatever in-game assets I’ve been paid for or foght for, I can do whatever I want, to sell it or rent it without permission of the others
  • 5. GAMEFI BOOMING FROM NOWEHRE? This photo was taken early 2019, Aleksander Leonard Larsen (the COO of Sky Mavis) proudly announced they just finished their first land sale on Axie Infinity. During this panel, nobody talked about GameFi, not even DeFi. Blockchain Games aren’t new Play2Earn is not a new word Goldfarmers is a way to make a living even before Bitcoin was invented. Why does GameFi booming?
  • 6. GAMEFI IS GAME+DEFI • DEXs with AMM like Uniswap surpass major crypto exchange trading value • Staking & Liquidity Mining being popular and acceptable to most users • ETH price surged hence all blockchain games assets value surged (People made money!) • Side chain/ Layer 2/ Other Public Chain lower user entry barrier with cheap fees • NFTs’ huge trading value gained major media exposures In the later of 2020 I predicted in a presentation that the Next Big Thing will be applications based on DeFi Money Legos
  • 7. G L O B A L PA N D E M I C B O O S T T H E P O P U L AT I O N O F G O L D M I N E R S
  • 8. TRADITIONAL ONLINE GAME VS GAMEFI PROJECT Traditional Online Gmae GameFi Project In-game Currencies Centralized Issued on Server, no public record available Decentralized issued on blockchain public record available Trading for In- game Currencies No, non-public DEX/CEX In-Game Assests Centralized Issued / OTC websites Trade P2P in games, free to transfer and swap Governance Centralized Company DAO Profit Mostly the game company Game studio and gamers (DAO) IP Designed and decided by the company Designed and decided by the community Entry Barrier High Relatively lower than Online game Suitable for SMB
  • 9. GAMEFI CHALLENGES OF OPERATION 1. Crypto users population remain small 2. User entry barrier still high, painful for new users to learn how to use crypto wallet 3. Low liquidity for in-game assets 4. Low efficiency in marketplace, Opensea is not for GameFi 5. Individual user’s profit gaining power limited by time and and financial capability 6. DAO governance could be very slow 7. Whale users might alter the game experience or even the in-game economic
  • 10. THE NEW OPPORTUNITIES COME WITH GAMEFI GUILD: Just like the old time, but bigger guild like Yield Guild Games could benefit from DAO governance and community growth. Wallet for GameFi: Better User On-boarding Process, simple design of UI/UX Provide insights and value tracks for in-game assets GameFi Exclusive Trading Platform: A GameFi trading standard builder like Opensea for NFT, provides trading analysis data and visualized value trends Lending Protocols for GameFi Provides liquidity, stablized market price
  • 11. WHAT’S MY CHANCE AS A NORMAL PERSON WHO IS NOT WHALE? 1. Play2Earn 2. Invest in GameFi project or staking 3. Flipping in-game assets (Characters/ Wearables /Lands ) 4. Invest in Guild / Join one 5. Build your own guild / scholar program Not Financial Advice. Do Your Own Research!

Editor's Notes

  1. 像曾經的幣圈名人Brock Pierce, 他就是開金幣農場起家的 鏈遊一直有人做,除了博奕類的一直都不太有起色,Play2Earn也不是新名詞,當時我參與的項目就是以玩遊戲挖礦作為主軸的,日本的DEAP項目更是最早喊Play2Earn的項目之一 金幣農夫這更是沒有區塊鏈前就有的名詞
  2. 右邊這張圖是2020年底的一場DeFi分享會我提到下一個熱潮會是什麼 像Uniswap這類DEX的興起, 對有發代幣的項目來說是革命性的轉變 只要有人提供流動性就能交易,不用付一堆錢給中心化交易所去上架 流動性挖礦被普遍接受,透過代幣獎勵,項目方不用自己生一堆錢出來提供流動性,只要能激勵用戶當流動性提供者即可 以太坊價格上漲,因為DEX裡的主流交易貨幣是以太幣,帶動所有在DEX裡的加密貨幣交易價格,因為所有的行情指標都是用法幣價格而非以太幣價格 當然也因為以太幣價格的高漲,原本有點雞肋沒有什麼用戶的側鏈或者Layer 2二層網路方法受到了注目也愈來愈多人願意使用 NFT的興起也讓更多人對於用加密貨幣購買數位資產的意願提高很多
  3. 疫情期間有很多人必須Work from home 但有更多人是根本失業無法工作 這時候出金容易 不需要高階設備就可以玩的區塊鏈遊戲就變成不錯的收入來源