How to evaluate and participate in GameFi games?
How should the average person evaluate such “GameFi” games, which games are worth participating in or investing in virtual assets?
First of all, the player is the king of the game’s success, and there is no economy without popularity. Player activity for this game is an important indicator.
Secondly, are game-related NFT assets and the virtual currency issued by them actively trading? These are key metrics.
It can be observed through the NFT transaction volume of this game on OpenSea and the platform data showing the growth of the market value of the coin. For new unreleased games, it’s important to know team credentials. Because GameFi games have also seen a lot of fraud, or the founding team absconded with coins.
Finally, before players get started, they need to have the basic knowledge of using NFTs, cryptocurrencies and online wallets.
The GameFi trend is expected to continue to grow this year. After all, since the epidemic, the game industry has been the most unaffected star industry, and blockchain innovation has brought more opportunities to the game industry. However, if the general public wants to actually participate in it, or invest in related NFTs and metaverse game coins, the risks cannot be ignored. Please do more research before starting.
Pacific is a decentralized NFT marketplace and an integrated platform for metaverse/GameFi assets. The project has received endorsement from some of the most eminent institutions and investors, including the Web3.0 Foundation, NGC, Gate.io, Krypital Group, PAKA, Candaq etc.