Big news in the GameFi world! Mythical Games surpasses $6M in transaction value!
Hello everyone! I'm John, and I'll be explaining the world of GameFi in an easy-to-understand way. This time, I'll be introducing a Web3 game developer,Mythical GamesWe are pleased to bring you big news that a company called Mythical Games has achieved a transaction amount of 6 million dollars (about 5000 billion yen in Japanese yen!)! "Web1000 games?" "Transaction amount?" It may sound a little difficult, but don't worry! I will explain it slowly so that anyone can understand.
What is GameFi? In simple terms...
First,game fiWhat is (GameFi)? Right? This is,Game(Game) andFinanceIt is a combination of the words "finance" and "stakeholder." In conventional games, it was difficult to earn money just by playing, but with GameFi, you can earn crypto assets (virtual currency) and NFTs (Non-Fungible Tokens) by playing games, and then buy and sell them or use them in other games to actually earn money!
To put it in perspective, it's like the medal games at old-fashioned arcades have evolved to the point where medals can be exchanged for real money. And those medals can be used at other arcades! That's the image I have.
What kind of company is Mythical Games?
Now, the main character of this article, Mythical Games, is a company that develops cutting-edge games in the world of GameFi. The games they create are not just fun, but also use blockchain technology to allow players to own and trade in-game items.
In other words, the items you get in the game will have value as digital assets, not just game data. This is a huge change for the game industry!
How impressive is it to hit $6 million?
The transaction amount of $6 million is a big number even when viewed from the perspective of the GameFi industry as a whole. This is proof that Mythical Games' games are played by many people and that in-game item trading is actively carried out. It's like a hugely popular online flea market (such as Mercari) has come true in the world of games!
Why is Mythical Games successful?
There are many reasons why Mythical Games has been successful, but I believe the following three points are particularly important:
- Engaging gamesFirst of all, the game itself has to be fun. No matter how revolutionary the mechanics are, if the game isn't fun, no one will play it.
- Easy to use platform: Providing a platform that allows users to easily trade in-game items. It is important that the user interface (operation screen) is easy to understand and that even beginners can use it with confidence.
- A powerful partnership: Collaborating with other game companies and brands to actively develop new content and events, which constantly attracts new users and keeps existing users from getting bored.
What's next for GameFi?
This news about Mythical Games suggests that the future of GameFi is bright. More and more game companies will use blockchain technology to provide new gaming experiences that allow players to be more proactive in their games. Maybe we'll even see a time when playing games becomes the new job!
Summary and personal thoughts
This time, I explained the news that Mythical Games' transaction volume exceeded $6 million in an easy-to-understand manner even for GameFi beginners. GameFi is still in its infancy, but its potential is endless. I, too, will be looking forward to watching the evolution of GameFi as a player and as a writer! I'm really excited to see what the future holds for the GameFi industry!
This article is based on the following original articles and is summarized from the author's perspective:
Mythical Games Surpasses $650M in Transactions