An In-Depth Analysis of GameFi Protocol’s Vision and Product Architecture

The protocol seeks to distinguish itself from other gamified offerings with their Steam-like approach to building their platform.


GameFi Protocol’s ambition can be felt flowing from its name. It aspires for GameFi as an industry to enter the Non-Fungible Token (NFT) 2.0 era through its platform-based developments to achieve more efficient operations, stronger capital liquidity, and more revenue for users.

Since GameFi was first proposed in 2019, it has progressed from its mere gaming shell to a strong business model based on “Play to Earn” mechanisms. However, there are still many disconnections between individual GameFi providers, including the gaps in asset and data interaction. This limits “Play to Earn” possibilities within projects and greatly reduces the overall GameFi ecology’s development speed.
In fact, because of this, a large number of users remain concentrated in just a few leading Gamefi projects. Other emerging projects can only gain short-term users by seducing them through the promise of high returns. This unhealthy start-up approach greatly affects the future development of these projects, as they lack a stable and sustained user growth model. Moreover, this zero-sum game is occurring in all of GameFi, making the sustainable growth issue more prominent. Therefore, a carrier that enables GameFi to accelerate its development and user expansion by concentrating user traffic and precipitating value within the ecosystem, is needed. 

The emergence of the GameFi Protocol provides a new possibility for the development of the GameFi ecology: a platform model.
In terms of operation, GameFi Protocol is similar to the way Steam works. Users can participate in any game listed on the platform, whilst game developers can publish their own games on the GameFi Protocol’s platform. Unlike traditional GameFi operations, the GameFi Protocol places its emphasis on launching phenomenal games with high playability. This includes the provision of a full range of services to partnered game developers on blockchain technology, the NFTization of game assets, tokenomics, community promotion, game promotion and compliance services.

In short, through GameFi Protocol game developers can enjoy a “one-stop online chain gaming service” and users can switch from one game to another without any difficulties or even participate in several games simultaneously.
For users this means that they only need to enter the GameFi Protocol to experience various games. For game developers, it means that they can solve multiple problems at once such as technical, product or operation issues, traffic or start-up capital accumulation at the early stages of a project’s development through the GameFi Protocol.
In addition, GameFi Protocol’s unique censorship mechanism also reduces the risk of users participating in malicious GameFi applications. Furthermore, GameFi Protocol’s “one-stop service” vision greatly reduces the start-up risks for project managers and provides game developers with a platform with enduring vitality.

The Ecological Significance of GameFi Protocol

The development of any financial system in the world needs an opportunity for it to really explode. This is what we are pursuing with our so-called platform effect.
The platform enables a two-way choice between the buyer’s market and the seller’s market, it also provides the most direct support of resources and traffic for both parties. This support enables any player involved in the platform to obtain a more efficient resource utilization.

History will not repeat itself, but there will be similarities.
The trading in securities began as discrete transactions, initially issued independently by companies. This did not change until the advent of the Dutch Amsterdam Exchange, established by the Dutch East India Company in 1602, which emerged to create a permanent market for the purchase and sale of securities. It became the first institution through which capital could be invested for the long term. Not only did it greatly improve the safety of capital investment for the masses, but it also increased the liquidity and profitability of capital.

Bitcoin was officially launched in 2009 and it was traded almost exclusively within a specific circle between 2009 and 2010. Since the establishment of Mt. Gox in July 2010, Bitcoin trading gradually became more fluid, which provided more people with the opportunity to participate in its accumulation and at the same time the enormous liquidity base for the explosion of Bitcoin’s value in 2013.
The ETH, which officially launched in 2015, also pursued a platform effect in its operating architecture, except that the ETH’s platform is much more rudimentary and basic. The ETH provides programmable smart contracts for developers to design their own projects. The successful operation of the ETH pushed the entire blockchain economy to a climax of participants in 2017-2018.
In May 2018, Maker DAO provided a platform as a response to the market demand for bitcoin lending. It allowed borrowers and lenders to interact via smart contracts, with one party receiving emergency liquidity and one party receiving secure capital gains. This project reached its zenith in 2020.

The Defi concept was introduced in 2018 under the influence of Maker DAO. Co-founder of the lending product Dharma, Brendan Forster, published an article on Medium on 2018/08/31 with as its title: “Announcing De.Fi , A Community for Decentralized Finance Platforms”. Thus the concept of DeFi was promulgated to the world. However, it was and Uniswap which really brought DeFi into the spotlight. Why? Because these two projects combined a low entry threshold with a stable revenue approach and a high degree of transparency.

Thereafter, the GameFi concept was for the first time formally proposed by Mary Ma, Chief Strategy Officer of MixMarvel. Notwithstanding its success in the past two years, a real platform-based economy has not yet grown out of it. This has led to the fact that so far, GameFi’s participants are concentrated within a small number of projects, nor has it broken out of its peripheral position, a far cry from past Defi results. Currently GameFi lacks a platform economy, seemingly similar projects such as YGG can barely be considered, regardless of the participation threshold and transparency of YGG, which mirrors the significance of Maker DAO for Defi.

The architecture of GameFi Protocol is not designed to simply complement the interaction between the buyer’s market and the seller’s market. Rather, just like the early operation of, the platform will select and invest in projects with higher returns and lower risks. Users only need to deposit their funds on the platform in return for an income from the ecology in a simple and direct way. This approach not only lowers the threshold for users to invest in GameFi, but it also increases the capacity of users’ funds to withstand systemic risks. Simply put, the platform makes the way for users to earn income simpler and more direct.
On the GameFi Protocol, users do not have to “Play to Earn”, but are enabled to be “Free to Play to Earn” and it allows “Everyone to Earn”, making it both more transparent and free than other types of pools.

The GameFi Protocol’s Vision

The founding team of GameFi Protocol has a background in the traditional game industry. The main investors are not only blockchain enthusiasts, but also top tier listed game companies. Therefore, the team itself is more able to foresee future market trends and strategize in advance due to its understanding of the market; its users and analysis of the industry.

The founding team of GameFi Protocol believes that GameFi, as an important portal to the metaverse, is an important vehicle for human socialization, entertainment, and even work in the future. It stands for a new digital world in which everyone can participate. In a sense, this development marks the “mapping” of human society within the new digital world.

GameFi Protocol advocates F2P2E (free-to-play-to-earn), it is the first GameFi aggregation protocol, and is committed to becoming the leading GameFi aggregation and trading platform. The platform provides users with better games and game manufacturers with more technology, users and financial support for the game industry.

As presented in the White Paper, GameFi Protocol is a system operated by four main elements: GSwap, GameList, GNFT and GLaunch. Furthermore it combines several auxiliary elements, such as GDAO, GameFi Explorer and GameFi Game Guild.

GameFi Protocol and Its Four Main Elements


GSwap is one of the core functions, in which Stake (staking mining), Farm (liquidity mining) and Trade (trading) can be performed. It is also the easiest way for users to participate and share in the dividends from the platform’s ecological development. Of course, it also enables the mining of GFI tokens.

GSwap is the most critical element of the platform, because in this sector users deposit initial resources and funds for the platform, so that the games on the platform can use these users and funds to initiate their market launch.

For users, GSwap is a portal to the platform and as a “reward”, the platform rewards users for their contributions to the ecology. Any GFIs (eco-tokens) users earn through GSwap are not only an income, but also a ticket to participate in other sections of the platform.


Users can play different GameFi projects in the GameList. Users can enjoy fun games in a F2P2E fashion, because users can directly participate with the GFIs they get from GSwap.


Users can buy or sell various game NFTs in GNFT, including character NFTs, prop NFTs, etc. This allows users to enjoy the convenience and wealth effect brought by “game value capitalization”. Further, the platform will launch a NFT trading mining function, i.e., users will be rewarded with GFI corresponding to the transaction amount in GNFT.

Users can participate in the game via NFT staking mining, synthetic asset mining in the GNFT sector in order to obtain GFI as a reward. Of course, this is a fascinating feature to be implemented at a later stage to provide more ecological applications for all games on the platform while also expanding the possibilities for users to earn money.


Users can participate in investments in new GameFi projects at GLaunch. Users who accumulate a certain number of GFIs over a period of time can join investments in new GameFi projects. This is an exciting way for both users and game developers to operate. On the one hand users gain an early share in the project, while on the other hand game developers gain the capital and initial user support needed to run their project. Moreover, the platform gains in ecological development potential due to the valued interaction between both parties.

Inspirations For a GameFi Platform Ecology From Traditional Game Industries

In 2020 the global game market’s value reached a staggering $177.8 billion USD. Currently, GameFi is at an early stage of development and is considered to hold a huge potential for development. Furthermore, games, as the main means of leisure since the birth of human civilization, will also become one of the main elements in future blockchain ecological development.

The combination between blockchain and gaming has natural advantages, when compared with the traditional game market. These advantages include user information confidentiality, data value, asset security and revenue capacity. Through blockchain technology, users’ game assets and account information are more secure, whilst game assets have more room for appreciation and exploitability. As the blockchain-game combo gains an ever larger user market, even competing with traditional games, its development potential and future scale will surely rival the economic ecology that DeFi already is right now.

Therefore, as mentioned before, GameFi Protocol hopes to create a viable economic model for game NFT 2.0 and provide an open platform for GameFi’s ecological development.
Due to the team’s long-term specialization in traditional games, we have observed the market gap in front of us. In the launch of new traditional games, the initial pressure from the user base and operating capital is very high. The game developer’s direct revenue originates from the user’s consumption behavior, which means that when the initial start-up not smooth and leads to the shortage of operating capital or lack of a user base, the project is destined to fail in advance. This pattern is quite consistent with the current situation for a large number of GameFi projects.

After some market research, the team believes that creating a “Steam” for the Gamefi ecology is what the market needs at this moment. Through it capital utilization rate can be improved and the number of GameFi users can be expanded, whilst simultaneously more funds from users and capital investments can be attracted for a large number of GameFi projects. In doing so, a closed and self-sustaining ecology can be formed.
Due to its vision and operation, the GameFi Protocol has been supported by Forth Eco Fund under the blockchain project APML, traditional listed game company Seventh Avenue and several other blockchain capital investors since the early stages of its development.

GameFi Protocol has a diverse range of product architectures, development capabilities, operational capital and resource channels. Before the official product launch, several game developers have already approached GameFi in anticipation of future cooperation.

GameFi is Entering the NFT 2.0 Era

Inspired by the GameFi Protocol and ideas between the team and investors, we summarized the missing value areas in the NFT industry, the most important point of which is the lack of application scenarios.
NFT was born from the digital characteristics of virtual assets, which naturally lack rich application scenarios and practical value. Now the NFT industry mainly relies on itself to obtain social value or collective support. Despite its potential social value or collective support, the application scenarios remain limited. This has resulted in the reality that except for some mainstream projects, most are plagued with low liquidity of NFT assets and a high threshold for participation, which will eventually lead to speculation, discouraging users’ participation, making projects achieve no more than being on the headlines of media reports. Therefore, NFT is constantly facing a bottleneck when breaking the blockchain circle and marching into mainstream society. 

But through game application, even in the case of traditional games, both rare gaming gear and advanced level accounts have their application scenarios and objective market value. By the same token, the gaming NFT market also boasts deeper asset liquidity, more objective market value, more appreciation potential, and a lower education cost for new users because for gamers, using NFT assets to trade is the same as transactions in third party platforms when playing traditional games. The only difference is that traditional bank cards are replaced with cryptocurrency wallets. 

GameFi’s ecological development will create a brand new tokenomics for the NFT industry which will gradually shift from collectibles-artwork-orientation to gaming NFTs with more diverse scenarios and better liquidity.  Once more users are attracted, the entire NFT industry will enter into the 2.0 era for a new development stage. At that moment, the GameFi Protocol will become the main site for users and game developers, and thereby fully unleash its ecological potential. 

To learn more about GameFi Protocol, visit the following links:






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