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Four events worth watching at GameFi Track

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A16z, Paradigm and other top encryption VC layout GameFi track, who can carry the banner of GameFi?

A16z, Paradigm's promising GameFi track, what platforms are worth paying attention to?

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Recently we have taken inventory of A16Z, Paradigm and other top encryption VC layout in Web3. A comparative study shows that they have devoted considerable resources to GameFi, especially in the area of GameFi infrastructure. So let's take a look at some of the platforms to watch at the GameFi track.

Planetarium is an open source gaming platform

Planetarium is an open source gaming platform that aims to change the longevity and monetization of games. Rather than simply introducing open source models into games, Planetarium intends to keep games running forever over peer-to-peer networks and usher in a new form of community-driven gaming, its officials say.

Planetarium Labs' gaming system is based on Libplanet, said Kijun Seo, co-founder and CEO of Planetarium Labs, which enables games to run on its specific blockchain network and is free to design its governance model and Token economics.

Libplanet is a universal library that addresses game implementation issues such as P2P communication and data synchronization when creating online multiplayer games that run on distributed P2P networks. Another great thing about Libplanet is that it is essentially a library, not an engine or framework.

Engines and frameworks control the entry points of progress and dictate the flow of its execution, so the game programmer has limited control and can only program through scripts that are explicitly allowed within sections. Libplanet doesn't preempt game progress and only runs when the game programmer explicitly calls it. This allows Libplanet to work with game engines like Unity without imposing additional restrictions on developers.

On July 7, 2022, Planetarium Labs announced the closing of A $32 million Series A funding round led by Animoca Brands, Samsung Next, Krust Universe, Kakao, WeMade, etc.

Gala Games' ambitious gaming platform

Gala Games is a blockchain gaming platform where each game provides players with real ownership of their in-game items by using NFTs. Launched in 2020, the platform was one of the earliest players and movers in the P2E space by attracting players to play their games in the form of GALA Tokens. The founder node voting mechanism allows players to influence which games Gala should develop and which games should receive funding.

Gala Games aims to become the largest gaming ecosystem in cryptocurrencies and break the traditional centralized competition of Games. In contrast to other cryptocurrency projects, Gala Games did not receive any form of VC and did not conduct an ICO for Gala Tokens.

Gala Games currently has 14 Games available, three playable Games -- TownStar and an NFT collection -- VOX. More types of games are in development, such as fantasy RPGS, sci-fi strategy games and tower defense games, according to officials. Gala Games is also expected to develop its own game chain in the future.

Gala Games and its Gala Token hope to position themselves as the largest publisher of aaa blockchain Games on the market. Their goal is not to make a fast food game or a GameFi project just to make money, but a classic that everyone wants to play. However, these games will be enhanced by merging NFTs and Play2Earn systems.

Gala Games is a bit like a Steam store or GOG, offering a variety of Games to choose from and play.

1. Project Advantages:

1) Already launched games and NFT design and production is exquisite, the strategy is complex and diverse, the game is highly playable, participating players need to spend time and energy to study the strategy, easy to retain real users; The official release of the future online game quality belongs to the chain of superior.

2) Strong team background and rich experience in game development; At the same time, the sales of nodes raised 600 million DOLLARS, which shows that the team has strong marketing ability and current financial strength.

3）Gala 作为平台 Token， Token 可以应用于整个平台生态，以及陆续上线的游戏 NFTs 交易中。

2. Project Risks:

1) The transparency of the project party is poor. There is no white paper and roadmap for the project, and the introduction of the economic model is relatively simple. Important allocation and unlocking information is not disclosed, and there is no data for verification of NFT trading volume.

2) The featured mechanism of the project is node participation to jointly build the game ecology, but the specific functions and details of the node are rarely disclosed. Meanwhile, the requirements for hosting GALA node software are surprisingly low, which makes it impossible to host any high-power game infrastructure. Nodes operate more like a means of financing. It's also a little disconcerting that the software used to run the founder node is owned and operated by the company behind Gala Games. Accordingly, GALA may determine that the User is in violation of any of the above license terms, and GALA may suspend or terminate the User's access and use the Platform services immediately without notice.

3) There are only two games officially launched at present, and the progress is a little slow for the chain game platform; Meanwhile, the consumption and role of the more important GALA Token in the game ecosystem has not been announced, resulting in insufficient demand for GALA Token.

4) Strong correlation with the market, temporary Token needs to follow the market trend.

LootRush is a low-barrier GameFi platform

LootRush 是一个类似于 Steam 的区块链游戏平台，它为区块链游戏提供了一个快速启动平台，该平台具有比传统视频游戏更为复杂的入门流程。除此之外，这个与区块链无关的平台还为游戏提供不可替代的 Token （NFT）租赁，这降低了新游戏玩家的成本并为 NFT 所有者提供赚取收益的机会。

The popular Play to Earn game Axie Infinity is currently the only game available on LootRush. Users can use a username and password to quickly create an account, choose the game program that best suits their needs, and then pay a small entrance fee and, if necessary, an NFT rental fee using a payment card. More games are planned for the platform, including CryptoKitties and NBA Top Shot.

On May 5, 2022, LootRush closed a $12 million seed round led by Paradigm with investors including Andreessen Horowitz (A16Z), Y Combinator, and others.

The financing participants include Paradigm and A16Z at the same time the two encryption VC giants, the lineup can be said to be quite dazzling. LootRush, endorsed by both institutions, is certainly noteworthy.

LootRush's CEO, Anderson Ferminiano, said in an interview about the origins of LootRush.

"The idea came about when a friend of mine tried a blockchain game last year. He played it for about three hours before he was ready to give up. At this point, he had already spent $1,000 on NFT."

So Anderson Ferminiano realized that if he wanted to bring more gamers into GameFi and make it mainstream, he needed to make the experience very simple, fast, and intuitive.

Founded in late 2021, LootRush is headquartered in the United States and has a fully remote team in the United States, Latin America, Europe and Asia.

Ferminiano said other business models, such as rentals, could bring a new wave of users to the industry by lowering the cost of starting or trying games.

"We want to build great relationships with NFT owners, gamers and game developers," Ferminiano said. "In fact, we work with NFT owners all the time, and they want to find players that can scale up."

Enjin's most comprehensive GameFi platform

Enjin is currently one of the largest multifunctional Blockchain game development platforms, consisting of Trusted Cloud, Blockchain SDK, Platform API, Wallet Daemon and Efinity. Launched in 2019, Enjin is headquartered in Singapore.

As a legacy GameFi platform, Enjin already has a wallet, a development platform, Marketplace, JumpNet, and more. It provides developers with common SDK, API and development tools, as well as complete developer documentation, and realizes the interoperability of tool layer, which has built a relatively complete ecosystem and partnership.

Enjin development platform provides Token distribution, wallet links, in-app transactions and other API and SDK integration functions. At present, tens of thousands of projects have been connected to Enjin development platform. Games using the Enjin platform include 9Lives Arena, Lost Relics, Age of Rust, and Forest Knight.

Enjin also launched Efinity, an NFT public chain based on Polkadot.

Efinity has made some specific optimizations in its design for NFT interoperability and trading experience. One of the important features is that all tokens that comply with ERC-20, ERC-721 and ERC-1155 can be imported into Efinity via the cross-chain bridge. In this way, NFT cross - chain flow is realized. At the end of December 2021, Polkadot has successfully auctioned the sixth parallel chain card slot.

On the data side, Efinity is theoretically capable of producing blocks in 6 seconds, 20 million NFT casts per second, and 120 million NFT casts/transfers per block.

In March 2021, Enjin raised $18.9 million in a private placement to build Efinity, the first NFT blockchain based on Polkadot. The round was led by Crypto.com Capital, DFG Group and Hashed, Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance, LD Capital Such as ginseng.

On July 6, 2022, Enjinstarter announced the closing of a $5 million funding round led by True Global Ventures (TGV).

In terms of ecological development, Enjin announced the launch of the $100 million Efinity Metaverse Fund in November 2021, which aims to support metasverse projects, games, infrastructure-based projects, NFT and other pioneering projects on Enjin and Efinity.