Play-To-Earn (or P2E) gaming has long been a dream of many, as one might not have imagined just 20 years ago that they could be amassing huge fortunes just through gaming and building their life in a virtual world. In 2022, with the concept of crypto, blockchain and the value of NFTs growing steadily, the term “GameFi” no longer raises eyebrows as many all over the world have started to see the ability of GameFi to generate income for them through gaming.
GameFi is a culmination of three of the main elements in the blockchain ecosystem: DeFi, NFTs, and blockchain-based games. It is essentially gamifying many aspects of the market, where players can win rewards and earn while doing so.
As wonderful as that sounds, this will definitely not be where the evolution of P2E gaming stops, as scalability could be affected by issues like bad user experience. This leads to current users not making use of GameFi to its fullest potential, or even new users refusing to enter due to the complexity of the wallets, blockchains, or even various games to connect to.
In response to that, MetaPocket has now created the future to GameFi – all the benefits of GameFi made simple with the MetaPocket GameFi wallet. The MetaPocket GameFi Wallet is an all-inclusive digital wallet focused on GameFi that supports multi-currency, multi-layer and cross-chain transactions. There are three main offerings within the wallet: Game Discovery where users can explore their favorite blockchain games, the In-App Game Browser where users can interact with any decentralized games, and the Yield Farming feature where users can stake any of the many supported GameFi tokens to receive yield.
The strategy that MetaPocket will take is to leverage their capability with playing the top blockchain games in the browser and yield farming as the primary tool for driving adoption and user acquisition. Most of the top games, platforms and GameFi tokens are supported on MetaPocket, including Axie Infinity, The Sandbox, Decentraland, YGG, Ethereum, Binance Smartchain, and a whole lot more. Developing cross-chain compatibility will help in swap fees collecting and create a sustainable business model, where yield farming brings users onto the platform and the ease of accessing games within the wallet creates the stickiness required to generate sustainable revenue which can then be reinvested into providing higher yields, attracting more users once again. On top of all that, MetaPocket also has a strong security system with 2FA validation, balanced incentives for value added contributors and more.
METAPK is the utility token for MetaPocket, allowing users and developers both to enjoy specific privileges and access. With METAPK, developers can list their games – this acts as a security for consumers as it functions as a deposit to protect consumers if the GameFi project has any issues. METAPK holders can also potentially get airdrops, NFTs and discounted promotion fees for projects.
With its power to bring more people into GameFi and increase participation rate even among users, MetaPocket is definitely the future of GameFi – improving it for not just current but future users as well.