- Topic
19k Popularity
26k Popularity
111k Popularity
3k Popularity
19k Popularity
- Pin
- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The Evolution of GameFi: From Ponzi Scheme to a Legitimate Gaming Ecosystem
The Evolution of GameFi: How Far Are We From the Next Hit Game?
DeFi and NFT Lay the Foundation for GameFi
The launch of the Ethereum mainnet marks the arrival of the Web3 era. The flourishing development of DeFi and NFTs has provided fertile ground for GameFi. The total market value of the DeFi sector has grown from 50 million USD in 2015 to 100 billion USD in 2023, and the total market value of the NFT market has also increased from a few million USD in 2018 to 8 billion USD in 2023.
In 2019, Mary Ma, the Chief Strategy Officer of MixMarvel, first proposed the concept of GameFi, combining gaming and finance. In September 2020, Andre Cronje, the founder of Yearn.finance, further elaborated on the idea of GameFi, believing it would become the future direction of DeFi.
GameFi Reshapes the Gaming Track
GameFi combines DeFi, NFTs, and blockchain gaming, running game assets and logic on the blockchain, managed by a DAO. It addresses issues in traditional gaming such as limited item trading and players' inability to participate in game governance.
The development of GameFi aligns with the historical evolution of games and represents the intersection of computer science and finance. Between 2021 and 2022, many traditional tech companies began to lay out their plans for GameFi and the metaverse. The overall market value of GameFi rose from $200 million in 2018 to $24.52 billion in 2023.
GameFi 1.0: The Carnival of Ponzi Games
In 2017, CryptoKitties emerged as the first phenomenal blockchain game, marking the beginning of the GameFi 1.0 era. However, most projects during this period were Ponzi schemes, lacking a complete financial system and gameplay.
GameFi 2.0: The Rise of Play-to-Earn Models
Axie Infinity was the first to combine the "play-to-earn" model with complex financial mechanisms, creating an attractive NFT creature world. The Sandbox inherits the UGC model of sandbox games and combines it with blockchain technology to provide a complete creative ecosystem. Both projects have achieved tremendous success, showcasing the potential of high-quality GameFi.
GameFi 3.0: Exploring Future Development Directions
The current GameFi market is still in the blue ocean stage, and the integration of on-chain games with technologies such as AI and the Internet of Things may become a future development trend. The introduction of traditional game IPs may also bring new opportunities to GameFi.
Overall, GameFi has undergone a transformation from a Ponzi scheme to a truly attractive gaming ecosystem. Future hit GameFi projects need to make breakthroughs in areas such as IP, playability, and technology in order to truly attract players and achieve long-term development.