In 2019, the concept of Gamefi was proposed and initially defined as Game Finance, that is, adding elements of financial attributes to the game. In September 2020, Andre Cronje, founder of Yearn.Finance, posted a related tweet to the effect that the development of DeFi at that time mainly tended to be traDeFi (transaction-type DeFi), and in the future, the attributes of DeFi will be more gamified.
The concept of GameFi was formed after February 2021. GameFi was defined as the comprehensive concept of Game+NFT+DeFi. Through the distributed structure of Blockchain, games were used to present decentralized finance and NFT (non-homogeneous digital assets) )the value of. On the one hand, the game has the concept of financial trading and investment, and on the other hand, GameFi assets have unique and non-tamperable attributes, which guarantees the asset security of participants.
After March 2021, starting from Southeast Asia, some blockchain games of the GameFi concept have successfully attracted a large number of followers. In seven months, the number of blockchain games of the GameFi concept has rapidly increased from more than ten to 863. The popularity of DeFi has stabilized and the popularity of NFT has provided a living soil for GameFi, which has made the market performance of many GameFi projects more positive, and quickly formed an independent field, which will be listed as the most popular blockchain field in 2021 alongside DeFi and NFT.
Let’s talk about NFT’s full English name Non-fungible Token (non-fungible token), each NFT cannot be divided or replaced, which is just the opposite of the concept of Fungible Token (fungible token), and Bitcoin is the same An example of a qualitative token.
Due to their non-interchangeable nature, non-fungible tokens can represent digital assets such as paintings, artworks, sounds, videos, in-game items, or other forms of creative work. While the works themselves are infinitely replicable, the tokens that represent them are fully traceable on their underlying blockchain, providing buyers with proof of ownership. Cryptocurrencies such as Ethereum, Bitcoin, etc. have their own token standards to define the use of NFTs.
NFTs can be tangible or intangible, such as digital images, tickets, etc. Youyun “everything can be NFT”, this sentence may be true. Under the blockchain technology, ownership of all digital products can be established, and the owner’s information and transaction details can be displayed in an open and transparent form. This feature has the potential to be applied in many aspects.
The discussion about NFT has not stopped since 2020. It represents a new force, leading more and more circles beyond the art field to be restless. Some people say that NFT is a symbol of identity, attribute or status, or that NFT represents the rise of a new paradigm of collectible value. No matter how to describe it, NFT acts as the only way of expressing value in Web3, and it is one of the ways that the general public can try to enter and understand Web3.
EuropaCorp is a French production company established by French director Luc Besson and Pierre-Ange Le Pogam in September 2000. The purpose of the company is to produce feature films and distribute them at the same time. Europa’s capital is 5,236,000 euros, and its office is located in Saint-Denis, in the Seine-Saint-Denis department, on the northern outskirts of Paris.
The four films of Crazy Taxi are representative works of Europa Pictures, which were once popular in the international film and television market and created many box office miracles. This action film written and supervised by Luc Besson is famous for its car chase scenes. The style of the film is between video games and cartoons, and the essence is the car chase scene. Based on the advent of the blockchain web3.0 era, Europa Films of France followed the trend and reproduced the racing classics by combining the methods of Metaverse, GameFi, DeFi and NFT.
Crazy taxi is a block chain racing game based on the movie “Crazy Taxi” and backed by EuropaCorp. Players and participants own a part of the game. Players can earn money by competing in the game. All ownable parts of the game are in the form of verifiably owned NFTs.
Crazy taxi is the first AI/ML integrated blockchain racing game on the BSC (Binance Smart Chain) ecosystem. Within the Crazy taxi metaverse, players can acquire a thirst for speed while enjoying various game modes, or monetize by controlling in-game properties and interacting with our ecosystem of players. Game features include two game modes: PvP and PvE. In the PvE mode, the player will directly drive and control the car, while in the PvP mode, there are a total of 5 tracks in each event, and the car No. 12345 will participate together. , to decide a champion, and the champion reward corresponds to 2 times the value of the car. In the future in Battle, players will have to upgrade their cars with combat features such as guns and other weapons. With no time limit or finish line, players will continue to race and attack each other until there is only one survivor left, and that car will be the winner of the battle race.
The native platform currency for the Crazy taxi game is $98# for all in-game activities. Depending on the match level, players can participate in matches multiple times a day. You can also organize your own events and invite friends to compete. During the competition, players need to pledge the tokens corresponding to the racing cars to participate in the competition. The tokens staked for each game constitute the reward pool. The 1st place winner gets a 2x token prize pool, paid out in $98# tokens. When entering a match, players will see the race conditions. With this in mind, players choose from several options to participate in the game that make up their game strategy. The competition then runs automatically according to the blockchain algorithm. The outcome of the race depends primarily on the performance of each racer’s race strategy, followed by a weighted random algorithm. Cars with higher XP and upgrades have an advantage in the race. The ownable parts of the game include: Cars, Gas Station, Garage, Speedway Land, Analysis Center, Billboard Land, and more.