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Woo-june Chung (Department Head, Wemade)
Location: Room 3001, West Hall
Date: Thursday, March 24
Time: 4:00 pm - 5:00 pm
Pass Type: All Access Pass, Core Pass, Summits Pass, Expo Plus Pass, Audio Pass, Independent Games Summit Pass, All Access Online Only Pass - Get your pass now!
Format: Sponsored Session
Viewing Experience: In-Person/Virtual
Vault Recording: Video
Audience Level: No
GameFi is the culmination of integrating DeFi concepts to the commercial online gaming space. In order to establish a model that combines the opposing concepts between centralized online games and decentralized finance, the WEMIX platform was developed to be that bridge. Although games developed with blockchain technology can have their own economy through ERC-20 and ERC-721, the usability of each token is very limited. To address this issue, we designed three layer chains with each frontend which integrates fragmented token economies into a compatible domain.
Through GameFi and our WEMIX platform, we will provide insight on various services including staking, auctions, NFT trading, etc. and present how these systems impacted the success of our mobile MMORPG, MIR4.
Attendees will learn how to build DeFi services for commercial games. They will also learn to handle various GameFi services such as staking, NFT trading and more as well as expanding game token economy from the metaverse to the universe through the 'cryptoverse'.
Developers interested in integrating DeFi to their games. A basic understanding of the blockchain environment will be helpful.