Gamefi is about to change the narrative with projected growth of $74.2 billion by 2031

09/19/2022 – Singapore – GameFi has continued to evolve during the crypto winter and is expected to continue to do so to reach a valuation of $74.2 billion by 2031. This booming country is not yet full of promises that have been kept. NFT games are facing blunts as many virtual worlds build dreamy visions without a tangible product for people to try. There are also game veterans who have come up with some influential criticisms of NFTgaming’s focus on making money rather than having fun. The road to a premium web3 game seems to require some better practices.

Here come new game strategies and technical setups.

NFTs, as an evolutionary method to give players the best level of autonomy, should add some player-friendly attributes during the transition to GameFi 2.0. One innovative element that is captivating GameFi gamers is the support for User Generated Content (UGC). In the 2021 BGA survey, 47% of respondents ranked creativity and gameplay among the top reasons they liked GameFi. The Web3 world is designed not only to allow games to appeal to users with different tastes, but also to encourage player creativity in an autonomous environment where assets can be created, listed and publicly traded.

ArchLoot has expanded on this idea. The BNB chain’s GameFi project has now enabled a fully borderless UGC journey by integrating interactive NFTs.

If you remember well-known RPGs, including big names like Diablos, Mir4, Dungeon Fighters or World of Warcraft, players can upgrade, reforge, reroll and enchant their equipment. This creates a strong sense of ownership and belonging that would contribute to usage fees in the long run. ArchLoot maintains the authenticity of an RPG while adding a decentralized spirit to lift the flavor.

The technology made possible by EIP-4985 and BEP-129 fully enabled…