In August 2021, Axie Infinity surpassed NBA Top Shot as a phenomenal product, with its cumulative trading volume topping $1 billion, an all-time high.Its governance token, AXS, now sits at $4 billion and number 40th as of August 1 8th, up 132% from its year-to-date price.And it generated more gas fees in July than other crypto assets, including Bitcoin and Ethereum.

Photo Axie Infinity Price

If 2020 is the first year of DeFi outbreak, then 2021 is undoubtedly the first year of the outbreak of GameFi chain games. GameFi is one of the best ways for blockchain to enter the mainstream world, and it will continue to encroach on the traditional game market.

A few years ago, NFT has been raised with high hopes by many people, but the DEFI, in charge of running together, has suddenly emerged and become a dazzling new star explored in the field of blockchain finance. A large part of the reason is that the past NFT has not found its own foothold, that is, landing, deeper is the lack of sustainability.

What is the concept of "art" in a pure digital structure?How can just a kind of energy abstract money be "wasted" in the pursuit of digital art?Similar to all other "traditional" art forms, are NFT-based art forms both valuable and invaluable?

From an energy point of view, the art of NFT licensing is completely worthless, but it will represent the ultimate way of Flex's social status in the pure digital world.While it seems silly for those who see Art Basel and the Venice Biennale as the epitome of like-minded cultural people gatherings, the unlimited replicable JPEG traded on the blockchain is no more stupid than the wavy line on the canvas.

In early 2021, NFT suddenly "fire", including the emergence of NFT trading platforms like OPENSEA, MeneFactory, it seems that NFT has found a breakthrough, but this "fire" soon became cold.The Flaming Phenix team has been working and researching in the NFT field, and believes that the game is the breakthrough of NFT, and the entrance of opening up the metaverse to the metaverse.

Art NFT ization

Flaming Phenix, is committed to building a whole new world using the next level of communication, e-commerce, entertainment, and a place to live.Its goal is to build a platform, an open, social and lasting virtual reality world licensed by blockchain technology where everyone can buy land, build or import objects, use avatar and scripts to monetize experience and immerse themselves in a completely alternative reality.This perfectly fits the hot spot of the current GameFi+ metauniverse, let's look at the three stages of the development of chain game, 1, game currency chain; 2, game equipment props and other assets through the form of NFT token confirmation; 3, internal logic of the game chain and core rules chain.From 2017 to 2021, the Axie Infinity game appeared in the chain game field, which drives GameFi mode (DeFi+NFT+ game), and makes people notice that play to earn「 play earn " mode —— earns while playing, and the token assets players get in the game can be bought and sold.Axie Filipino players can earn more monthly income than their own jobs.

July 2021 Global popular mobile game revenue

GameFi, means that Game Finance (adds financial elements to the game), or the core model called Play to Earn, is essentially a capital game.GameFi is actually that PoW+DeFi, can have no raw capital by spending time and effort to gain revenue through the game, and DeFi is based on the proof of equity (PoS) consensus mechanism that requires the cost of raw capital to get revenue through mining.The DeFi component of GameFi is mainly reflected in: NFT game assets are decentralized and can participate in providing liquidity and some pledge mining.

GameFi focuses on playing games, and DeFi focuses on mining.GameFi is replacing the mining process in DeFi with a game, capital is not necessary, time and energy are the key conditions to benefit.For ordinary users, the cost of understanding DeFi mining is much more expensive than playing games, so chain tourism can get out of the circle and make users in Southeast Asian countries flock to it, which is one of the reasons why GameFi projects can even exceed most DeFi projects.

However, this kind of chain tour with financial attributes is still not a perfect cycle in Flaming Phenix's view. Flaming Phenix caught the gale port of "metaverse" in time and introduced it into the metaverse, which is Metaverse,meta(beyond the) +universe(universe).Metaverse can be understood as the virtual world in human consciousness, and Wikipedia's definition of metapaverse is more in line with the continuous development situation of current social technology, that is, through virtual enhanced physical reality, presenting convergence and physical persistence characteristics, based on the future Internet, 3D virtual space with link perception and sharing characteristics.To put it simply, it is the "artificial map version" of the real world, where we correspond to a new identity in the virtual world, and "live" without interruption.It contains identity, friends, immersion, low latency, diversification, anywhere, economic system, civilization, etc.

Only this ecological scene operation, with the game as the entrance, the universe as the content and parallel world, social life, to NFT assets, ownership, decentralization and decentralization, to realize the new user, user retention and user constantly "CX" brings more traffic very users, realize the sustainability of GameFi+NFT.On the technical side, Flaming Phenix has developed joint SDK, to allow more advanced users to upload full scenarios to places within Flaming Phenix space.Our advanced SDK allows players to use full scenes, scripts, and animations to fully enhance their experience.Finger tracking also supports further immersion within the Flaming Phenix space.Whole body tracking, lip and eye tracking are available in our VR world.Olfaction features for hardware such as multisensor masks or fans are also planned to be supported soon.The unique server architecture we developed internally allows thousands of players to appear simultaneously in the persistent virtual reality world without splitting users into subservers or mirror instances.This provides the ultimate level of immersion and allows true preparation for the player an experience without experiencing a loading screen.

Such a hot project will inevitably be favored by many institutions and capital, such as fundamental labs,kosmos capital,origin capital,blockox fund,boost vc.