The explosion of DeFi led the last bull market and gave blockchain a clear place to play. However, the application of blockchain will definitely not stop here. In addition to DeFi, we can see that more tracks such as Web3.0, DAO, NFT, GameFi, SocialFi, etc. are gradually emerging. In these tracks, there are already Some top projects that can run for a long time may be the leaders of the next bull market and are worthy of our research, attention and even trying to participate.
GameFi in a nutshell
Two phenomenal applications have emerged in the GameFi field during this bull market. Axie Infinity in 2021 is so brilliant that it is known as the king of chain games, allowing more players to see the potential of chain games; StepN in 2022 makes GameFi break through the circle, whether it is Weibo or Twitter. In the circle of friends, running has become the most fashionable thing. Although the assets of both games have experienced rapid appreciation and rapid decline, it is undeniable that they have allowed more people to see the value and future potential of GameFi.
From 2021 to 2022, the number of GameFi users has experienced a process of rapid growth and stabilization, and the entire encryption market has also experienced a transition from a bull market to a bear market. This is the power of a trend that cannot be ignored. Despite this, GameFi’s number of protocols continues to grow.
Investment institutions with the keenest sense of smell continue to invest in the GameFi field. In just the past eight months of 2022, investment in the GameFi field has increased by nearly 60% relative to 2021. This is under the premise of a bear market in which the overall market is not very active.
Funds and developers are continuing to deploy GameFi, the potential of the GameFi market is still being tapped, and the GameFi track will definitely continue its popularity. Although we don’t know when and how it will break out, we can start to study, pay attention, and participate in it from now on. If you missed the last wave of DeFi craze, don’t miss the upcoming GameFi.
GameFi potential project Tiny World
Today's article mainly introduces you to a GameFi game worthy of attention and participation--Tiny World. Tiny World has been running for more than a year since its launch in March 2022, with 12.05K active players, ranking third in BNB Chain (BNB Chain is the public chain with the largest number of GameFi protocols) among all GameFi protocols in the public chain Ranked thirteen.
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Tiny World is a blockchain game that combines NFT, DeFi, and GameFi, with diverse gameplay and low entry costs. Even new players are easy to get started. The game's economic mechanism is designed to withstand long-term tests and is suitable for players of all sizes to join.
Various ways to play
Tiny World's product matrix is divided into three parts: Tiny Farm, Tiny Kingdom, and Tiny Dungeons.
Tiny Farm is a complete DeFi system in Tiny World, which includes a series of DeFi elements such as aggregate farming, liquidity mining, Staking, NFT Farming, blind boxes, and NFT markets.
Tiny Kingdom is a casual style game where players can use their free time to fight to gain loot and profit from transactions. You can also get amazing rewards by participating in different leaderboards.
Tiny Dungeons is a simulation game with tower defense mechanics. By purchasing NFT land and building dungeons, players will be able to loot rewards from other dungeons through successful attacks.
Players can combine the obtained game tokens into LP to obtain income, and pledge them individually to obtain income. They can pledge their NFT to obtain income or obtain income in the game through P2E, or pledge NFT with LP tokens in the liquidity pool. Improve LP returns.
Low entry cost
The entry cost of most GameFi games is relatively high, with an NFT easily costing hundreds or thousands of dollars. Many players have not yet figured out the game’s profit model, game details and whether the gameplay is suitable for them, so they need to conduct high-level research first. The amount of investment has caused some players to be discouraged, and some players have no idea how to play after entering and cannot get back their money. The retention rate of players is low.
Tiny World players can try out the game at zero cost. Players who log in to the game and sign in every day will be rewarded with crystals. If they sign in continuously, they may also receive the in-game Token TINC.
For players who enter the game for the first time, the system will give a junior warrior for trial play, and the system will guide the player to learn how to fight, collect materials, make props and other operations. In each battle, in-game materials will be randomly dropped, and the materials can be used to make props or be sold directly in the game store.
Complex economic model design
If a GameFi game wants to run for a long time, having a proven economic model is a top priority. The economic model design of Tiny World refers to many successful design concepts, and also draws lessons from some failure cases, while incorporating official multi-dimensional considerations.
Increase the consumption scenarios of game Token TINC and reduce selling pressure. Such as purchasing blind boxes, purchasing game props, etc. As of the time of writing: TINC output is 54,061,415, circulation is 30,766,279, and the destruction ratio is as high as 43%;
Stake TINC to get veTINC. veTINC is endowed with a variety of usage scenarios, such as improving the abilities of little lords, increasing mining income, staking dividends, in-game rights, etc.;
Use the protocol income to establish the Tiny World Ecological Fund, which currently has accumulated US$1.18 million in funds;
The continuous repurchase and destruction mechanism ensures that the value of the platform can feed back the Token;
Innovative mining mode, mining revenue is released in batches, and the unreleased revenue can be used in the game to promote in-game transactions and ecological prosperity;
NFT can be farmed to obtain income, but each NFT has a corresponding farming time to avoid excessive mining and selling that affects the game ecology, thereby maintaining a balanced cycle of NFT income;
The highly transactional idle game Tiny Kingdom has more than 250 items that can be traded in the in-game market, and the gameplay is novel and unique. In-game transactions can be conducted directly using stablecoins, and players can directly obtain stablecoin income.
There are play options for players of all preferences and sizes
Market making users with higher risk appetite
You can choose to provide liquidity for TINC and get an annualized rate of return of up to 103%
Players who are optimistic about the future of Tiny World and can hold Token for a long time
You can Stake TINC to obtain an annualized rate of return of up to about 50% and privileges on various platforms.
Users with large amounts of funds and pursuing returns
Stake Tiny Hero NFT for farming and get an annualized return of around 250%
Active users of Tiny World who like on-chain gameplay
Tiny Hero NFT can be used to participate in on-chain battles to become a lord and obtain generous rewards from the lord
Players with small funds but want to make money in games
Use Tiny Hero NFT to participate in the Tiny World placement game, trade props in the game, and destroy equipment to obtain BUSD income
Players who like games and are willing to invest more
Climb the Tiny World leaderboard and earn weekly TINC earnings
Mature development and operations team
A mature development and operation team is the decisive factor for the success and long-term operation of the project. We often say that investment means investing in people, which shows the importance of the team.
The Tiny World team has been focusing on the production of blockchain games since 2018, and has experienced the entire process of crypto games from EOS to Ethereum to BNB Chain. In this process, the team has accumulated extremely rich experience in blockchain game and economic model design, and has also considered and thought more about GameFi.
As a team that has been deeply involved in the industry for a long time, we can ensure long-term construction without worrying about the short-sightedness and running away of the development team.
A clear roadmap
A project with long-term prospects must have a clear and achievable roadmap. Tiny World has planned the roadmap until 2024. Since its launch in March 2022, it has been delivering product updates on time according to the roadmap. It is a project worthy of long-term trust. and team.
Conclusion
Tiny World is a complex system. The above description can only glimpse the tip of the iceberg. Tiny World has more interesting details worth exploring. The design of every detail is the key to maintaining the balanced operation of the game ecosystem.
In the bear market, many projects have stopped updating and community maintenance, but the number of registered users of Tiny World is still growing, and various functions in the game are constantly being optimized and updated. This is the unique quality of a high-quality project. Be resilient, have your own user group, and be able to continue operating in a bear market, accumulating energy for the explosion that comes at any time. When the trend arrives, everything will fall into place and happen naturally!
