Andre Cronje speaks out, Justin Sun enters the market, is Gamefi a trend or a bubble?

On July 25, Justin Sun, founder of TRON, tweeted that the APENFT Foundation will join hands with WINkLink in the TRON ecosystem to officially enter Gamefi and NFTfi. Justin Sun predicted that Gamefi will lead the next blockchain era as strongly as Defi, and WINkLink will all in this new trend with the APENFT Foundation.

Not long ago, Andre Cronje, founder of Yearn.finance, also said on Twitter when discussing industry development trends that in the future, the DeFi industry may enter the gamefi that is more gamified, and the future DeFi monetary policy may become more gamified, and user funds will become equipment used in DeFi games.

Currently, Gamefi has begun to show great development potential, attracting the attention of many KOLs and also attracting Justin Sun to join.

The reporter learned from relevant channels that the joint project of APENFT Foundation and WINkLink in Gamefi and NFTfi will rely on the TRON public chain and adopt the BTFS protocol and JUST financial ecology. The NFT issued by APENFT and the WIN token issued by WINkLink will be used in the NFT games launched by the two parties. It is reported that the product prototype of the joint project will be completed in the third quarter of this year, officially launched in the fourth quarter, and finally presented to users.

Gamefi and NFTfi are the new trends of combining DeFi and NFT since 2020. Gamefi refers to "gamified finance" under the integration of DeFi + NFT, which is a new gamified business, and NFTfi is a blockchain project that integrates NFT elements. Some analysts believe that NFT has introduced differentiated assets based on scarcity to DeFi, and DeFi also gives NFT commercial value through financial means. At present, some projects that promote the cross-border application of DeFI, especially those combined with the NFT field, have shown great potential.

According to public data, in the second quarter of 2021, the transaction volume of the entire NFT market reached US$754 million, an increase of 48% over the previous quarter, and the number of traders exceeded 130,000. Since NFT itself is a token with strong asset attributes, it has solved the liquidity problem of assets such as art. People can use NFT to realize lending on the chain and solve credit and evidence problems with the decentralized nature of DiFi. The industry generally believes that Gamefi, a combination of NFT and DeFi, may be the next major innovation direction of NFT.

As two of the most popular star projects at present, APENFT and WINkLink's joint entry into Gamefi not only stands at the new forefront of the industry, but also, with the strong support of Justin Sun, the two parties will also accelerate the incubation of the Gamefi project through TRON's complete ecosystem.

As more industry leaders like Justin Sun and their projects enter Gamefi, we may see more cross-border projects with the characteristics of Gamefi and NFTfi leading the trend in the future.