The previous year 2021 is probably a big hit when it comes to media, with the emergence of the pervasive term “GameFi”. On the gaming front, the future of the Gaming Industry via blockchain platforms manifests great potential.
What will ensue after the termination of “GameFi”?
“GameFi” is a term used to represent the merging of two concepts, “Game” and “Decentralized Finance”. GameFi is basically a decentralized finance platform that integrates gaming elements in the blockchain technology. With GameFi, P2E is brought to the limelight in which players can both experience their favorite games and earn money simultaneously. That ambitious concept stimulated a booming year for “GameFi” markets. Whilst social factors resulting from the pandemic have affected everyone’s work, the demand for making money renders working from home inevitable.
Projects both large and small have been accelerating the process of developing “GameFi”. GameFi is one of the strongest drivers of growth in the blockchain ecosystem in these very turbulent times. It is expected that those participating in “GameFi” will realize the prospects of obtaining large profits in a short time, particularly via offers of extremely attractive interest rates from projects. And apparently, those aforementioned outlooks are all but the tip of the iceberg. Behind those ambitious offers lies the risk of abrupt collapse for the projects that promise high interest rates in a short time for investors. When investors seek great profit generation, this leads to an imbalance in the projects’ cash flow and accidentally hampers the implementation to a dead end in the blink of an eye. When the “Finance” factors are no longer guaranteed, players will not have a reason to stay with the project either. Now that most projects merely scratch the surface of “Game” factors, many projects cannot even be considered to be a true game without any attractive factors for players.
From what has happened, it can be noted that the models and operations of “GameFi” projects are quite simplistic and inherent with a range of setbacks. Perhaps, to proceed and develop sustainably, developers must figure out the right direction to overcome the current difficult period. This can be perceived as a “natural selection” when projects with good internals and directions will outpace and continue to develop. Instead of “GameFi”, we think “Blockchain Game” will properly reflect and cover the advantages of this new generation of games. “Blockchain Game” resolves a vast majority of inherent setbacks of conventional games, hence the future and opportunities for growth are propitious.
Faraland’s vision and direction
As analyzed above, Faraland has specifically identified the problems that current blockchain game projects are encountering. We specify the project to have a long-term goal rather than following an old trodden path that might vanish in the blink of an eye. To do that, we had to discuss extensively and thoroughly to make a plan to help Faraland avoid treading on the same footsteps of other projects on the market. Developing an applicable game title with an attractive gameplay, along with a sustainable economy with a complementary ecosystem is the foundation that helps Faraland has enough intrinsic value to go further in the future. Henceforth, it will probably entail a long time, yet we are determined to initiate the direction so that users can grasp Faraland’s vision and direction in the future.
“GameFi” is a fad and “Finance” is just a part of blockchain gaming
A blockchain gaming project will always contain a financial element, but it will definitely not suffice. The fact that game titles embrace the superiority of the blockchain-based technology will make this the right direction for future game projects. In addition to the ambitious and in-depth gameplay elements (which players obviously possess), projects must create different experiences and features that were not possible before in conventional games due to technological limitations.
- Thanks to the convenience and expediency in trading virtual items via blockchain-based technology, users can definitely become “traders” in the game world and earn profits for themselves by playing the game.
- In addition, they can also participate in Staking, Farming, or buying IDOs to get profits by flexibly using the game’s tokens.
- Players can exercise the rights to participate in contributing opinions and regulating major changes or updating the game through the DAO vote features.
- With the “Scholarship” feature, players can earn money from being hired to play games and share profits safely and quickly from blockchain-based technology.
- Players with high rankings in the game receive a token reward from the holders. Being gamers will probably soon become the profession of many people.
- The “risk” features are now guaranteed that the rates are always accurate and transparent thanks to smart contracts.
- In the near future, all game projects will be connected together and fully compatible by using the same programming language on the blockchain, which brings it closer to the concept of “Metaverse” that people often refer to these days.
Those are just a few fascinating and alluring points demonstrating that the potential for developing blockchain games is huge. And obviously, there will be many ways for players to profit while playing the game. Those who harness the resources and mechanisms offered by the holders gain the opportunity. Thus, what you get in return depends on your ability, knowledge and even a little luck. All of the above makes the appeal of a game title greatly increased, and that is why we believe in the future of this relatively new blockchain gaming field.
Transforming Faraland into a practical turn-based eSport game
It is recognized that the current blockchain game’s customer base is quite restricted in terms of the players’ motivation to participate which is simply to make profits, along with the quality of current blockchain games. Indeed, there are still a large number of gamers who have not been attracted to this new market.
To help Faraland expand and reach new users, we are launching Heroes Non-NFT system and PvP eSport game mode, where users can participate without investment and compete directly. Accordingly, players with the best achievements will still receive very attractive rewards, which is perceived as “Free to Earn” mode.
With turn-based tactics and a diverse skill system, Faraland can definitely become a viable eSport. The turn-based game genre in recent years has not had a truly remarkable name, yet the fan base of this game series remains sizable. So we expect to refresh these series, integrating RPG elements in an open world with blockchain-based technology. This is also the foundation to bring the project to reach and attract customers in the conventional game market. It is also expected to provoke users’ love and awareness of the advantages of blockchain games. There is no doubt that Faraland will soon appear on the Appstore and Google play for non-crypto users around the world to easily access and experience the game.
Establishing an eminent brand for Faraland beyond just a game title
With elaborately designed images and plots, Faraland seeks to establish a “universe” of its own. The heroes or NPCs in the game all have their own stories behind, and all will be adapted into comics or movies. There will be many secrets and hidden meanings in the plots waiting for players to decipher and discover, which makes Faraland captivating and distinct from other projects on the market.
With the direction and vision specified above, we aim to inform users of the early stages of the blockchain gaming industry. There are a lot of exciting things and features to look forward to, and the future of this new generation of games is extremely bright and attainable. Faraland will stay on track and develop products based on the core values that have been set forth from the beginning and keep on delivering a great gameplay experience to gamers all across the globe.
What is Faraland
Faraland is a role-playing strategy wargame for Android and iOS, developed on blockchain by MoonKnight Labs, a company based in Vietnam. The players control the characters of 7 races: Humans, Orcs, Elves, Fairies, Dragonborns, Angels, and Demons — each with different abilities, strengths, intelligence, and agility, to fight with other players in a universe called Faraland. The game will be released in Q4 2021.
Faraland is an innovation project combining NFT technology and gaming experience. Not only are all exquisitely digital collectibles created using blockchain technology, but all NFT in Faraland can also be integrated into Faraland games later, which will help them increase the value. NFT is the soul of this project. Each Hero, NFT of Faraland, is unique. Each collectible is matchless, genuine, and varies in rarity. Faraland Universe has many different races like Human, Orc, Angel, Demon, Dragonborn, Elf, and Fairy, awaiting the users to discover.
Faraland is different compared to other NFT projects where NFT is solely used for collection. With many exciting gaming activities, Faraland’s users can use their NFT heroes in many unique ways, from equipping them with powerful weapons or shining armors to engaging them in various thrilling battles. It’s a solid and exciting game with a fundamental and engaging storyline. We also focus on the “play and earn” mechanism, making Faraland far beyond a regular game. A variety of options are also available for users, including reinvesting in the game, making your heroes stronger, or cashing out. Our vision is to make Faraland a “dream job” by providing players worldwide opportunities to generate regular income from the project.