Taking Forte, Enjin and Roco Finance as examples, analyze the characteristics of different types of GameFi

Jiawei

2022-02-18 11:56

Read this article in 13 Minutes

Analyze the GameFi infrastructure layer from multiple dimensions such as background, team, status quo, and ecological development

Original title: "An Overview of the GameFi Infrastructure Layer Project"

Original author: Jiawei (Twitter: @Elegy4TheArctic)

This article is based on Messari in " The classification of GameFi Layer 1 in Explain it Like I'm 5: GameFi gives a brief introduction to the first three projects, Forte, Enjin, and Roco Finance.

(The latter three are game studios, of which Sky Mavis is the development team of Axie Infinity; Dacoco developed Alien Worlds based on the WAX chain; Dapper developed the well-known CryptoKitties, NBA Top Shot and NFT public chain Flow)

Forte

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Forte has received a huge financing of more than US$900 million in two rounds of fundraising in 2021. In addition to giants in the encryption world such as a16z, Solana Ventures, Polygon Studios, Cosmos, Animoca Brands and other investors, there are also traditional game/media publishers including Sea Capital, Big Bets, Overwolf, Playstudios, zVentures and Warner Music Group Big publisher.

Forte is a blockchain game platform that supports multi-chain interoperability and aims to build a complete set of technologies, tools and services for developers, communities and players , covering the full life cycle of market making, compliance, tool development, player services, game development and economic model design, to eliminate any obstacles to the combination of blockchain technology and games.

With Forte's complete solution, developers don't need to be experts in economics, blockchain technology and compliance, but can focus on better players experience.

Forte also provides grant funds for developers and game creators. It is worth mentioning that these grants are in the form of pure gifts and do not exchange for any shares.

Forte is currently in the closed beta stage and is only open to partners, and no more details have been obtained yet.

As can be seen from the above figure, Forte has introduced in-game DeFi and NFT into the platform, creating new sources of income for existing games, and establishing And integrate a scalable Token economy. It also provides market and transaction services, a simplified digital asset wallet experience, and built-in compliance components (including AML and KYC, etc.).

In terms of team background, Forte was born in 2019 and was co-founded by Kevin Chou and Josh Williams.

Kevin is the former CEO of mobile game publisher Kabam, the company has more than 1000 employees and has grown its annual revenue from $300,000 under Kevin's leadership to $400 million and eventually sold to Netmarble and FoxNext Games for $1 billion. He also co-founded the well-known e-sports club Gen.G, which has multiple game divisions including League of Legends and Overwatch.

At present, Forte has more than 200 employees and 40+ game development partners, and more than 15 million partner game players. Employees come from industry players like Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games. By the end of 2020, more than 20 game projects have been integrated into Forte, covering various game types such as competitive, role-playing, simulation, strategy, and sports.

Enjin

As an old-fashioned NFT platform, Enjin has components such as wallet, development platform, Marketplace, and expansion solution JumpNet. It provides general SDK, API and development tools, as well as complete developer documentation, and implements the tool layer The interoperability of the system has established a relatively complete ecosystem and partnership.

The development platform provides API and SDK integration such as Token distribution, wallet links, and application built-in transactions. Currently, 27,000 projects have been connected to Enjin's development platform . Games using the Enjin platform include 9Lives Arena, Lost Relics, Age of Rust, and Forest Knight, among others.

In addition, Enjin also launched Efinity, a Polkadot-based NFT public chain.

Efinity has made some targeted design for NFT interoperability and transaction experience Optimization, one of the important features is that all Tokens conforming to ERC-20, ERC-721 and ERC-1155 can be imported into Efinity through the cross-chain bridge, so as to realize the cross-chain flow of NFT. And at the end of December 2021, Polkadot's sixth parachain card slot was successfully auctioned.

On the data plane, Efinity can achieve a block time of 6 seconds, 20 million NFT castings per second and 120 million NFT castings per block /transfer.

In terms of financing, Efinity completed a US$18.9 million private equity round in March 2021, led by Crypto.com Capital, DFG Group and Hashed.

In terms of ecological development, Enjin announced in November of the same year the establishment of a $100 million Efinity Metaverse fund, which aims to provide support for Metaverse projects on Enjin and Efinity, Support for games, infrastructure projects, NFTs, and other pioneering projects.

Roco Finance

Roco is Avalanche The decentralized GameFi platform on , aims to provide blockchain services for game developers, content creators and player communities.

The main businesses of Roco are:

Providing NFT services for management, distribution and Trade virtual items; create Staking and Farming pools; provide ID0/IG0 platform; provide open source SDK, API, game add-ons, virtual item management applications and payment system platform services.

In September 2021, Roco Finance announced that it has completed a financing of US$3.6 million from seed rounds and private equity rounds. Investors include Alameda Research, Huobi Capital, Avalaunch, X21 Digital etc.

Summary

- The game economic model design and compliance business provided by Forte sounds It is more like serving the migration of traditional games to GameFi, or the integration of GameFi of original games. And in this process, the "Blockchain Agnostic" of developers and players is realized, that is, a single platform supports multiple chains, and has no perception of switching between multiple chains.

- Founded in 2009, Enjin has a deep accumulation in the game field, entered the blockchain field in 2017, and served as the main enabler.

The vision of its recently launched Efinity is to become a cross-chain NFT "highway". Currently, Efinity is still under development, and it is said to have processed 120 million Tokens in one transaction. But also as an NFT public chain, there are two strong opponents waiting for Efinity, Flow and ImmutableX. It remains to be seen whether it can run a good game.

- In comparison, Roco’s Staking, Farming and ID0/IG0, etc., do not have such a high technical threshold. The payment gateway, mobile wallet, SDK/API and other services mentioned in the document are still under development, and may not have a great competitive advantage against Forte and Enjin.