Game Finance, referred to as GameFi, is the convergence of gaming, blockchain and finance. Players can now own the assets they earn in games and by using them with crypto-mechanics, they can not only play to earn but also get yield.
Currently games on Ethereum are facing high scaling issues and enormous transaction fees. This is not conductive when players are constantly buying, selling and trading NFT assets. At the same time NFTs are stored on a centralized server which can go down and lose the assets the player acquired. To bring in the next billion crypto users through gaming, there needs to be a better experience.
The solution is Bluzelle with a four point framework for game developers to get the most out of crypto and Web 3 technologies.
A core aspect of crypto games are the assets that are now owned by the players that can easily be acquired and exchanged. With 10,000 TPS speed, Bluzelle’s blockchain allows games assets to be traded at a cost of pennies vs Ethereum's hundreds of dollars. This is important as transactions are a core part of games.
Game assets, such as NFTs, need to be protected and only decentralized technologies give the most protection. Bluzelle has a unique decentralized storage service that allows game assets to be instantly replicated and stored across dozens of nodes. Therefore even if one node goes down, the game asset is safe from harm.
As players acquire the assets, Bluzelle connects to the Terra Ecosystem so that players can lend, stake and earn yield on their game assets. Bluzelle’s objective is to aggregate the best products for games to leverage, including Anchor and Mirror on Terra.
Bluzelle produces its own in-house games, starting with a Play To Earn game called Denomination. With our team's experience working with Nintendo, EA, Xbox and more, this is an area we can excel.