How can APENFT and WINkLink team up to seize a place in GameFi?

With the surge in the popularity of NFT, the competition in the gaming field has begun. In addition to native blockchains such as FLOW, WAX, and BSC, traditional fashion giants including Louis Vuitton and Burberry have also set their sights on the "big cake" of blockchain games. It can be predicted that in the future, more and more participants will want to "take the lead" in the blockchain game track, and the market will release greater explosive power.

However, the promising prospects also mean that competition will become increasingly fierce. To get a share of the hot blue ocean track, it is necessary to have strong strength in both technology and ecology. From the perspective of DApp development, Ethereum, BSC, TRON and others have already performed well in the fields of games, collectibles, and trading markets. As of August 12, the number of DApps based on Ethereum reached 2,408, followed by TRON with 1,302, and BSC ranked third with 1,246.

"The degree of ecological prosperity" is one of the new standards for measuring public chains. Conversely, infrastructure is often one of the keys to the "out-of-circle" of applications. As we all know, the development of high-quality blockchain games requires high costs, and only enough new players can cover the expenses. However, in the crypto market where hot spots are iterating rapidly, most projects are actually very difficult to maintain long-term freshness. For this reason, many projects in the market choose to directly copy the code, and blockchain games have once fallen into the involutionary trap of popular imitations. At the same time, high gas fees are becoming one of the factors that discourage players, especially since the current value of most NFTs is lower than the transfer fee, and NFT assets are dormant.

For example, the recently popular CryptoPunks imitation COVIDPunk once caused the gas fee to soar from 70 Gwei to 400 Gwei; the Ethereum-based Space Poggers caused the gas fee to soar to 625 GWei due to the release of NFTs.

From this point of view, if the GameFi project is to achieve larger-scale and more creative development, the underlying technology plays an important role. Relying on the public chain TRON led by Sun Ge, and the cooperation between APENFT Foundation and WINkLink, the GameFi market may bring more possibilities.

From the perspective of past ecological development, TRON has greatly reduced developer costs and cleared obstacles for the development of the application ecosystem with its high throughput, high scalability, and high availability. Not only that, TRON also has advantages such as high TPS and free transfers, which can greatly reduce the threshold for participation and allow more users to embrace blockchain games. The TRC version of USDT is also recognized for its low handling fees and convenience. The current authorized issuance volume has exceeded the USDT on Ethereum, providing a stable currency link for the blockchain game ecosystem. In addition, in terms of the underlying protocol, TRON launched its first NFT standard TRC-721 as early as 2020, and is fully compatible with the ERC-721 standard protocol for creating NFTs on the Ethereum blockchain.

Source of TRON's transaction volume in the past 30 days: TRONSCAN

On the left hand is the competition of technology, and on the right hand is the competition of NFT resources and cognition. In this regard, Justin Sun has actually taken the initiative and NFTed many world-class paintings purchased with large sums of money, such as Picasso's "Reclining Nude with Necklace" and Andy Warhol's "Three Self-Portraits" which were auctioned for 143 million yuan, and they were uploaded to TRON with the TRC-721 standard, officially opening the prelude to the NFTization of masterpieces. In addition, TRON has also optimized its Bittorrent File System (BTFS), the world's largest distributed storage system, to adapt to the storage needs of NFT.

Of course, the explosion of GameFi is inseparable from the important element of DeFi. In the process of reshaping the value of blockchain games, DeFi has enriched the transaction forms and asset application scenarios, thereby attracting more new players. In the process of the continuous emergence of innovative DeFi applications, the oracle is an important infrastructure in the blockchain. Without the oracle, the blockchain is like a computer without an Internet connection. As the TRON version of Chainlink, WINkLink solves the demand of smart contracts on TRON for external world data, and provides strong support for the interconnection of TRON DeFi ecological applications and off-chain data.

Not only WINkLink, the APENFT Foundation, which is adept at crypto art, may bring more possibilities to unlock GameFi's innovative applications. On the one hand, the APENFT Foundation has Ethereum and TRON as the underlying technical support, and uses the decentralized storage system BTFS as the permanent storage of files; on the other hand, Justin Sun donated Picasso's "Nude with Necklace", crypto artist Beeple's "Ocean's Front", "ABUNBANCE" (5 pieces) and crypto artist Pak's entire set of NFT works "Cube" to the APENFT Foundation. The total value of these masterpieces exceeds 200 million yuan, which can provide APENFT Foundation with sufficient innovation space in the exploration of "art + blockchain". In addition, the APENFT Foundation has also reached in-depth cooperation with Christie's, Sotheby's and Nifty Gateway, the leading auction platforms and crypto artist Beeple.

In an era full of curiosity and hype, the APENFT Foundation provides certain value support for the current development of NFT, while also bringing greater competitiveness to GameFi's layout.

"Nude Reclining with Necklace" Source: APENFT Foundation

It is worth mentioning that both the APENFT Foundation and WINkLink have governance tokens NFT and WIN, which will be used in the NFT games launched by the two parties, and can provide strong support for governance and game asset circulation in the future. Among them, the APENFT Foundation recently spent US$2.52 million on NFT repurchase and destruction, which can further increase the value of the token.

In short, just like the sudden rise of DeFi last summer, in the process of continuous improvement of infrastructure, various applications are like Lego blocks to create various possibilities, and the market scale is growing day by day, and so is GameFi. Although GameFi has become a hot spot for gold mining in the crypto market, it is still in its early stages from the overall development point of view. With the influx of more and more teams and funds, the GameFi track will no longer be a "single fight" by Ethereum, but will present a scene of flourishing.