GameFi Sustainability
Over the past year, we have witnessed numerous projects fail to sustain themselves within the GameFi space, particularly after the initial hype. We are also cognizant of the significant impact GameFi is making by reimagining the traditional model of community engagement in the gaming space.
However, without a shift in the current GameFi model, the sustainability of GameFi projects will inevitably fall short.
Establishing a sustainable GameFi ecosystem begins by designing a meaningful and interoperability experience player experience. This foundation will empower players to continuously engage and foster belief in GameFi, ensuring the long-term viability of the project.
Three key elements that determine the longevity and sustainability of a GameFi project: Interactive Experience, Intrinsic Value and Rewarded Efforts.
Interactive Experience stems from players enjoying the game and remaining committed as they become increasingly invested in both the gameplay and the surrounding community.
Intrinsic Value arises from the unique experiences players gain when they engage with a community that extends beyond mere gameplay, forming a player community that eventually develops into player economy.
Rewarded Efforts occur when a player’s in-game endeavors are rewarded with real value that can be converted into monetary assets. This harmoniously combines gaming as a hobby with an additional income stream for players.
We believe in creating this sustainable world for players, which lead to the creation of Logis Crypto based on these three principles:
Players are rewarded based on their gameplay and strategy, rather than the hours spent in the game or their financial investments. Each gameplay experience is strategically designed to reward players based on strategic decision-making, rather than time, financial investment, or the current value of tokens. We even employ an Oracle mechanism to stabilize game token volatility, fostering fair play opportunities among all players.
We have established a conducive marketplace economy that enables players to actively participate in the creator economy. The Logis Marketplace provides a platform for players to monetize their in-game items, allowing them to benefit from the efforts they have invested in the game. This facilitates skill-based earning and fuels the creator economy within the gaming community
We strive to deliver an experience that offers significant long-term value. While traditional Web3 games solely focus on providing enjoyable and challenging gameplay, GameFi takes it a step further by connecting in-game value to real monetary value. However, Logis Crypto aims to elevate this concept by integrating interoperability and "phygital" (physical-digital) elements into every aspect of the Logis Crypto experience. We believe that the true value lies in this fusion.
Through firsthand experience, we have recognized the lack of value many games bring to their players. With these principles, we are confident that Logis Crypto will establish a robust game ecosystem that delivers immersive value to each player.
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