The rise of GameFi

In the second half of 2019, Mary Ma, Chief Strategy Officer of MixMarvel, first proposed GameFi (Game Finance), which is gamified finance and a new gamified business, in a speech at the Wuzhen Summit. From March 2021 to June 2021, GameFi ushered in an explosive period. The number of daily active wallets for blockchain games increased from 51,000 to 375,000, an increase of more than 600%, and the number is still expanding. The natural combination of DeFi and NFT in GameFi has also Contributed to GameFi's great success. For example, the NFT game Axie Infinity only took a few months to create more than 39 million U.S. dollars in revenue. The auction price of the land of The Sandbox has risen 19 times in 6 months.

We believe it to be important that GameFi brings a lot of new experiences to some traditional game players and allows them to obtain certain benefits.