Introduction:
Here's a recap of the insightful dialogue from Klein Labs' recent space event on the topic "The Evolution of Blockchain Game: From GameFi to Full-Chain Games", held on Nov. 23rd 1:00 p.m. UTC.
This dynamic online discussion brought together some of the industry's notable figures, including Zepher Games, Twiplay, Crypto Hunters, Theirsverse, Legend of Arcadia.
The conversation highlighted the distinction between GameFi's focus on economic elements and full-chain gaming's broader application of blockchain for player ownership, transparency, and security. Participants acknowledged challenges like balancing gameplay with blockchain's technical demands and catering to diverse gamer preferences. Despite these hurdles, there was a shared optimism about full-chain gaming's potential to innovate and enhance the gaming experience, signifying a pivotal evolution in the gaming industry.
Recap:
1.Guest Self-Introduction and Project Overview
Zepher Games: A fully on chain gaming platform with a focus on developing one of a kind ZK game engine, which powers our autonomous world. They also create our own fully on chain casual games like Bingo, Poker, 2048 and so on.
Twiplay: A common extension provider where for e features for the creator user should I say X users now it basically turn into the users like a Twitter account into a web 3 did like bridging web 2 users to web three and without needing those users to understand all those difficult complicated concept of webs web three.
Crypto Hunters: Crypto Hunters are building new types of the game with AR and digital dreams, digital trim world. So we will connect, we will be first who will connect people from outside and inside the buildings.
Theirsverse: A first metaverse project in web 3 to support LGBQ community and all kinds of human beings anyone should not be defined by centralized standards like color race gender appearance and wealth in the web 3 world.
Legend of Arcadia: An exciting multi chain free to play to earn casual strategic call games extra call gaming actually it combines the best elements of traditional gaming with innovative features web fee can find 2.0.
2.Projects Q&A Session
- Host: As the 'play to earn' narrative diminishes, blockchain gaming is shifting from GameFi to full-chain games. What are the main differences between the two?
Theirsverse: the key difference lies in the balance of the degree of on-chain parts in the games. They note that many people feel unsatisfied with NFT-oriented projects like X Infinity and Tiny World, suggesting a need for better balance in blockchain games.
Legend of Arcadia: GameFi is more focused on integrating financial and economic elements into the gaming ecosystem. This includes features like an economic system and a play-to-earn model. On the other hand, blockchain gaming, in general, refers to games that use blockchain technology for various purposes within the gaming ecosystem, with key features including ownership, transparency, and security. This perspective highlights how blockchain provides a transparent and secure environment for in-game transactions, reducing fraud and ensuring a better gaming experience
Twiplay: he biggest difference currently is how GameFi projects and full-chain games strike a balance between what elements are deployed on the blockchain and what are not. They mention that GameFi tends to focus on play-to-earn models, whereas full-chain games integrate blockchain more comprehensively, encompassing decorative in-game items, infrastructure, native tokens, and broader economic and governance models.
- Host: How is the full-chain gaming ecosystem currently developing? How is it performing and being received in the market?
Crypto Hunters: Web 3 users are quite familiar with concepts like 'play to earn,' but traditional gaming users may be somewhat hostile towards Web 3 gaming experiences, especially those focused on making money. The need to bridge the gap between these two user groups to make full-chain games more user-friendly for everyone.
Zepher Games: Traditional gamers might be somewhat hostile towards the Web 3 gaming experience, especially regarding the aspect of making money, as they primarily seek enjoyment.
- Host: What are the main difficulties or challenges facing full-chain games at present? How do these challenges impact their development?
Zypher Games: Current full-chain games tend to have overly simple, unengaging gameplay, likening them to basic games like Tic-Tac-Toe or Minesweeper. This simplicity is attributed to the need for low computational logic to minimize gas fees, a type of transaction fee in blockchain networks. The speaker views the concept of fully on-chain games as somewhat utopian within the current web3 space, necessitating compromises from developers on what parts of a game should be blockchain-based.
Legend of Arcadia: The difficulty in building fully on-chain games due to the differing priorities of web2 and web3 players. Web3 players are more focused on aspects like earning and blockchain integration, viewing these games as part of a societal identity. In contrast, web2 players prioritize fun and entertainment. This dichotomy creates a significant barrier in designing games that appeal to both groups
Twiplay: The issue of gas fees was raised as a significant challenge. If players are responsible for these fees, game designers must develop mechanics to justify these costs, either through the game's economic model or its design. Alternatively, if the project absorbs these fees, they need strategies to offset this expense. This scenario presents a series of complex, interconnected challenges.
- Host: Do you think full-chain gaming is an inevitable trend in the development of blockchain games, or just a temporary market craze?
Crypto Hunters: Whether full-chain gaming becomes a long-term trend or remains a temporary market craze depends on four key factors:
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Adoption and Integration: If more game developers and platforms adopt blockchain technology and integrate it into the gaming experience, it could become a long-term trend.
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User Acceptance: The acceptance of blockchain gaming by gaming communities is crucial. If players value the benefits such as true ownership of in-game assets, security, and the ability to use assets across different games, it could drive sustained interest in full-chain gaming.
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Regulatory Environment: The regulatory environment in finance and technology will impact the development of full-chain gaming.
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Technological Advancements: Advancements in blockchain technology, particularly in scalability and reduced transaction costs, can contribute to the sustainability of full-chain gaming.
Host: How do you view the future development of full-chain gaming? How do you think it will affect the entire gaming industry?
Twiplay: the feasibility of fully launching games, citing numerous challenges and difficulties that make such an endeavor unrealistic at present. However, they also mentioned their bullish stance on 'sway blotching' (possibly a misspelling or mispronunciation of a blockchain-related term) in the context of gaming. They believe that this technology holds a promising perspective for the future of full-chain gaming, despite the current challenges
3. Summary
Full-chain gaming differs from GameFi in its extensive integration of blockchain technology, impacting aspects like ownership, transparency, and security. Despite facing challenges such as gameplay simplicity and high transaction fees, full-chain gaming is seen as a promising evolution in blockchain gaming. Its future impact on the gaming industry could bring innovations in game design and enhance player experiences, though its long-term influence remains to be seen.
About Klein Labs
Klein Labs is a pioneering community-oriented Web3 accelerator and research-driven venture capital firm. It was founded by a passionate team of engineers, data specialists, crypto enthusiasts, and investors hailing from prestigious institutions like Stanford University, CMU, Cornell University, Google, and Microsoft. We boast a strong culture of collaboration, an ardor for crypto-economics, and an optimistic view of the future of the internet and AI.
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