What is GameFi? & Is this the Next Big Thing?

Why Does GameFi Matter?

One of the biggest challenges for both game developers and gamers is gaining each other’s trust.

An Initial Use Case for Ethereum

Ethereum is obviously the factor that powers most of the games. Ethereum was widely used by GameFi developers and it remains dominant. But the lack of block space affects performance. In 2017, the popularity of CryptoKitties clogged the Ethereum network, causing fees to skyrocket.

Will GameFi Be The Next Big Thing?

According to Footprint Analytics, GameFi has attracted significant traction, accounting for 13% of all blockchain investments. The total market capitalization of top games has surpassed one billion dollars. However, given the sheer size of this market, it provides even more room for expansion.

A Hidden Gem in Play-to-Earn

As the popularity of P2E grows, so will the number of users, putting strain on the infrastructure. As a result, for blockchain gaming to thrive, truly breakthrough blockchain platforms in terms of speed, cost, and stability are required. Clearly, Ethereum did not meet these criteria.

About Pacific

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.

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Pacific_NFT

Pacific_NFT

Pacific is an integrated platform for decentralized NFT market and Metaverse/GameFi assets.