What is GameFi?
GameFi seems to make "game" and "finance" inseparable; some people even think GameFi is only for earning but not for pleasure. The concept of GameFi is indeed similar to the idea of "play to earn" since players can earn cryptocurrency and NFT rewards by completing tasks, battling other players, and progressing through the different game levels. However, it should mean much more than that. After all, games are for fun by nature; we cannot call it a game without entertaining elements.
Suppose we jump out of the box and see GameFi from another perspective. We may regard GameFi as a decentralized platform for the sale and distribution of digital games powered by blockchain technology. The concept of decentralization not only differentiates this new type of game from the traditional ones but also means the possibility of bringing the game development to a higher level. In fact, in an ideal model, GameFi should help boost earnings and offer a friendlier environment that enables the developers to create games of higher quality with an easier approach.
In a traditional model, game companies are absolute authorities with total control, indicating a "centralized" model. In this scenario, game companies tend to focus more on content that brings the highest revenue instead of the fun of the games. As for game creators, there are so many obstacles keeping them away from the potential of building high-quality games in a truly connected game world. For instance, they may lack resources, building tools, and funds for infrastructure (e.g., servers and complicated marketplace designs). But, more importantly, they need more access to attract users.
On the contrary, in the world of GameFi, individuals have more power, and companies have less, indicating a decentralized ecosystem that is much fairer and, thus, more sustainable. With this goal in mind, P12 intends to provide an open and developer-friendly platform while focusing strictly on sustainability and user governance.
P12 will be a GameFi platform where all players can interact in harmonic and sustainable co-existence. The platform will provide all the infrastructures required by both creators and players and stay neutral to all newcomers: creators will have the freedom to focus on the highest-quality content with a free, powerful, but easy-to-use game editor. Players will not be forced to own any assets to play games. The economy will be based on the principle of meritocracy(ps. link to the previous article), where fun and unforgettable experiences should be incentivized, great creators rewarded, and sour apples punished while protecting the users.