CGG: P2E makes NFT games the next round of liquidity mining and gold mining productivity
The long-established NFT game ushered in a big explosion, led by Axie Inifinity, followed by CGG, starting the Play To Earn (play to earn) craze. Why can NFT, cryptocurrency and games collide passionately, and what kind of chemical reaction will occur in the second half?
CGG enters the game with P2E, providing a convincing use case for NFTs games-it allows players to truly own their game props, enjoy the value accumulation of the game economy, and at the same time become a liquid mining productivity through P2E.
CGG (Crypto Guild Games) is a “play-to-earn” game union. Based on the blockchain virtual economy ecology, it gathers P2E players together and earns profits. We are settlers of the new world.
From the perspective of the development trend of the game industry, the Internet and digital entertainment have completely changed all aspects of society in the past 20 years. In the next 20 years, “Second Life”, which will follow the virtual world, will make the so-called changes in the first 20 years seem almost insignificant. At the same time, the smart contract based on the homogenization token standard realizes the distributed transaction of financial assets, establishes the DeFi ecology, and lays the foundation of the financial settlement link for the NFT game. Moreover, in the context of the rapid development of elements such as Metaverse, Play to Earn, and GameFi, a similar decentralized game self-care community will be an important part of the future DAO. They are like companies in the meta-universe world. Players are employees, and tokens are salary. This type of DAO provides players with resources, specific coaching, and dispatches players to enter the game to make money for them, such as farming, fighting, real estate development, etc., and then share the income with the players, just like the movie “Number One Player” Technology company IOI. This type of DAO may provide new occupations and types of work in the future, and cultivate more professional players. These new career opportunities may improve the status quo of the real society, or it may improve people’s lives like the real business unions.
Under such an era’s development background and historical opportunities, CGG (Crypto Guild Games) came into being. CGG is not only a game union, but also a highly cohesive DeFi ecosystem. It is also a decentralized community autonomous behavior. It is a community of various cultural concepts, multi-epoch phenomenon-level game play and gathering, through trends The sexual value Internet system establishes order, and the value of this ecosystem is empowered by consensus groups. We have reason to believe: a decentralized game union will be the future of the game world, and each of us will surely serve as an important node in the future decentralized system, as the cornerstone of society, to change the tide of the future game era direction.
Are you ready? Number One Nugget Player
NFT is a hot spot in the current crypto market. Starting from the encryption art, and recently, major Internet companies, led by Twitter and Instagram, have begun to test NFT. For most NFTs, the application scenarios are relatively limited and relatively difficult to price or value. But when P2E meets CGG and NFT meets interactive games, many scenarios become diversified at once.
In traditional centralized games, the props in the game do not belong to the holder. Once the game is closed, the props no longer exist, and the props can only be locked for use in the game. The real IP ownership is in the hands of developers and publishers, who have the ability to determine the properties, usage, supply, and price of the props. From a cash flow perspective, it becomes a zero-sum game, which is clearly biased towards developers/publishers (paying to play/buy items with users in the gaming community).
In contrast, NFT games provide a paradigm shift from a zero-sum game to a positive-sum game, benefiting all parties; now, the items in the game can be tokenized to obtain:
The interoperability between different DApps and game ecosystems makes the utility no longer tied to a single game/application scenario. Immutability ensures that the item will exist no matter which game it comes from, and prevents it from being tampered with or copied. Ownership, because the item becomes the holder’s digital property, there is a verifiable permanent record on the blockchain, and it can be freely traded or transferred.
Not only that, the current generation of NFT games also adopts a unique business model, accumulating income for players through the “playing games to make money (P2E)” model, rewarding players participating in the game economy, and allowing them to transfer items in the game Change to real-world legal tender.
Game guilds like CGG went further and launched governance tokens and community vaults, delegating the ownership and management of the game, so that any decision-making power and accumulation of cash flow will ultimately be completed by the player community rather than the game developer.
When the game is in progress: Everything is OK NFT
According to informal statistics, the average life cycle of terminal games is 3 to 5 years, mobile games are 6 months to 3 years, and page games are 3 to 5 months. Compared with other formats of the Internet, the life cycle of games is known to be short. This is due to the high competitiveness, high update speed of the game and the demand for freshness of players. The high turnover of the game superimposed on the blockchain project makes people worried that the life of the chain game will be more fragile. The DAU of CryptoKitties, the originator of blockchain games, remains around 100 all year round, while the DAU of the famous sandbox game The Sandbox remains around 50. In stark contrast to the bleak number of players, the land sales in The Sandbox game are hot and continue to hit new sales highs. On July 4, a piece of virtual land in The Sandbox was sold for US$874,000.
why? When players are used to spending dozens of dollars to buy a piece of equipment or skin to enhance the game experience, if these assets are permanent on the chain, the game will never stop serving, I believe players are willing to pay more to buy this “ Permanent ownership”. In addition, CGG entered the game with P2E, giving NFT games a longer life:
- Custody and user ownership on the asset chain.
- Efficient, low-carbon and low-cost creation of assets.
- Permanent operation of smart contracts. Don’t worry about the game operator stopping the server, which also protects the value of the assets held by the user.
- Player autonomy. Hold tokens to participate in game governance and share game revenue.
- Tokens incentivize developers. By issuing token financing, developers no longer need to compromise on game revenue and can support their long-term creativity.
- Self-economy. Due to the issuance of tokens and the settlement and value storage of the blockchain, games can build a world that is infinitely close to the metaverse on the blockchain. Good economic model design allows blockchain games to have a more self-consistent economic cycle than traditional games. system.
Play-to-Earn: CGG creates liquid mining productivity
The business model of Plan to earn has been in traditional games for a long time, and there are a group of players in World of Warcraft, Onmyoji and other games that make money by selling equipment or equipment. In blockchain games, CGG has upgraded this model. Players can earn real money by playing games with cryptocurrency-based assets (NFTs). By actively participating in these virtual economies, players can earn rewards, such as in-game assets and tokens, which can then be traded or sold on the open market. This is an important change in P2E empowering the NFT game world.
As an evolved version of free games, P2E uses blockchain technology to give players ownership of in-game assets and allow them to actively play games to increase their value. It is a key component of the game’s P2E model. Most of the revenue in P2E games no longer belongs to large centralized game companies, but to excellent players. By participating in the in-game economy, players are creating value for other players and developers. In turn, they are rewarded with assets in the game. These digital assets can be any encrypted assets that are confirmed on the blockchain. This is why the P2E model matches the blockchain model very well.
In fact, P2E games may not be free games. Take Axie Infinity as an example. Players need to purchase at least 3 Axies to start the game, which may cost hundreds of dollars at present. We think this is reasonable. First, the matching of input and output is a long-term and healthy economic model; second, game development requires costs. Because players can finally get value by selling encrypted assets, it is acceptable for players to pay some start-up costs. On the contrary, if the game is completely free of prostitution, such an economic model is unsustainable.
New World Settlers: CGG uses P2E crazy nuggets to help NFT games become productivity tools
When the traditional concept of “Gallery Guild” vertically enters the field of chain games, many new changes are taking place.
At present, the global sales of artworks are basically stable at around 60 billion U.S. dollars, and the growth is slow. The total value of global games reached 180 billion U.S. dollars. Obviously, the market space of NFT game assets is much larger than that of artworks. The value-added of artwork is mainly generated in the resale process, and the platform captures less of its value. The cost of creating game assets for game development platforms is very low, and the platform captures greater value.
Game Make NFTs Producible, the game turns NFTs into mining machines and real estate. In a steadily developing game world, holding NFTs can not only enjoy the value-added of the ecology itself, but also get token incentives by playing games.
Play to earn ushered in a new era. This method of mining through NFTs will create huge amounts of assets and value. In the next few years, we will see NFT agricultural operations comparable to the early Bitcoin mining business in terms of scale and potential revenue generation. NFT mining will be powered by people in low-income countries to change their income structure. It is also foreseeable that play to earn will also experience the process from small-scale farming to intensive agriculture.
Due to the programmability of tokens and the composability of smart contracts, we have seen that the DeFi world has built a very large Lego world, and the composability between protocols has created huge liquidity and benefits. NFTs are also programmable tokens, and their potential is far beyond the current transaction.
Public information shows that CGG is a young union established this year. It was one of the early adopters of the concept of “paly-to-earn”, which brought players together and enabled them to “monetize” the time in the game.
It can be seen that the emergence of “golden guilds” such as CGG has brought interesting development directions to chain games. Concepts such as NFT, GameFi, and Meta universe are blurring the boundary between games and finance. It is more convenient to buy decentralized financial assets in games, and the economic models in games are imitating or even surpassing the real world.
What other “dark horse”-level phenomenon-level products can appear on the chain game, the community, players, guilds, and traders are still looking forward to it together.
