BitKeep CEO Considers GameFi the Next Big Thing in Web3.0

Subtitle: The top crypto wallet in Asia is positioned to be the dominant gateway to the GameFi world

This article is based on a recent speech delivered by Kevin, the founder of BitKeep, in the Planet IX community. From the perspective of a seasoned gamer, Kevin reviewed the evolvement of the video game industry, and discussed the prospect of GameFi and BitKeep’s plan in this regard. Kevin believed that the era of Web 3.0 has arrived, and BitKeep, under his lead, is determined to pave the road for users to enter the new world with ease.

The evolution of Play-to-earn

I’m not just a Web3 entrepreneur. I’m also a veteran gamer. In the first, we played pay-to-play games. It means we have to pay for the experience first. So there’s a certain threshold to play a video game. Then there were free video games, for which you didn’t have to pay before you play. You could try playing it first and pay for in-game items and other services as you’d like. Now there is play-to-earn. Tokens and NFTs are the new currencies in games. And the players are more than just consumers, for they have become the producers and owners of this virtual wealth.
GameFi has emerged as a literal game changer in both the game industry and the blockchain industry. With investors pouring in, users growing, and the market expanding, the play-to-earn model is increasingly sophisticated. Take Planet IX as an example:

Planet IX is an NFT-based GameFi strategy game. Your goal is to restore the planet to its former green and blue glory– and you do it by acquiring pieces of land called PIX, collecting waste, exchanging it for rewards, and upgrading your PIX with facilities that further rejuvenate the planet. In addition, the game also introduced an impact-to-earn module and a learn-to-earn module. You can either make an impact with various tools or invite your friends to take a trivia quiz to get rewards.
Since this SLG on Polygon was included in the BitKeep DApp section in April 2022, it has been the game to go to for tens of thousands of BitKeep users. The lore of the game, the concept of a virtual land NFT, and the smooth UX are all praised by Planet IX’s audience. According to DappRadar, the user base and transaction volume of Planet IX have grown by about 4 times in the past 3 months. The last DAU peak is 9,000, and the transaction peak is 55,000 deals.

When playing the game, I found out that Planet IX had designed a virtual copy of the planet Earth as the playing field, and the surface of this virtual planet was divided into 1.6 billion unique pieces, each one represented by a PIX (its NFT). How will each piece of land be designed? How will it be used? Well, it’s up to the player/the owner.
As said in the Ready Player One movie, “This is the Oasis. It’s a place where the limits of reality are your own imagination.” While in Planet IX, the multi-faceted and fascinating storylines in the game is fueling players’ imaginations.
Born in 2020, the idea of environmental protection in this GameFi title gives players a strong sense of mission. “Now it is up to them, the brave bioneers, to mend the planet. Rejuvenate the earth. Clean the air. And let new life take its course.” Players collaborate with or compete against each other for a common and ultimate goal — to rebuild the planet Earth.

The Favorite Wallet Features in the Eyes of Gamers

BitKeep is now holding a $1m Incentives campaign for popular NFTs, combined with the fancy features and its innovative Swap section, it wows GameFi players repeatedly. Statistics show that, for Planet IX players, the two most popular features are Swap and Crypto Red Packet.

BitKeep Swap is one of the most frequently used features in BitKeep. You can make cross-chain swap transactions here and get instant results. With Swap, existing Planet IX players swap IXT (in-game token) they earned into MATIC, BNB, USDT; with Swap, newcomers swap tokens on other networks for tokens on Polygon to join the game. With Swap, IXT worth hundreds of thousands of dollars are traded every day.
BitKeep, as the world’s leading cross-chain crypto wallet, supports more mainnets and tokens than other competitors. That’s why with BitKeep, Planet IX players can move their IXT and other virtual assets to different networks with minimal costs.
The BitKeep Crypto Red Packets feature is also very popular in the Planet IX community. It feels novel to Planet IX players — mostly English speakers who are unfamiliar with the red packet culture in east Asia. So the community members are very willing to share Crypto Red Packets when interacting with each other.
By sending Crypto Red Packets containing IXT, holders of IXT or Planet IX enthusiasts can attract more potential players, thus making BitKeep Crypto Red Packets a perfect alternative to airdrop activities.

The GameFi Landscape

Just this past Q2, the blockchain industry was impacted by the struggling global economy, and downturns were reported in both the funding in the primary market and the turnover of the secondary market.
According to CB Insights, the venture capital poured into the blockchain industry in Q2 2022, though declined slightly, was still higher than that of 2020 and years before.

These investments flowed to different segments, but mostly GameFi and NFT, which are also the two segments that BitKeep has always been very optimistic about.
GamFi’s popularity is increasing, not decreasing. The arrival of new startups and capital accelerates the development of GameFi and leads to an increase in turnover, funding, and participants. Judging from investors’ focus on infrastructure, technological solutions, and applications, it’s safe to say that the primary market has higher requirements on the underlying structure and core technological strengths of GameFi.
Investors expect that the GameFi market will grow from a short-term and uneven boom and become mature. They are likely to take the lead in investing in future popular projects. In other words, VC investors move faster than ordinary investors. If we can see through the dynamics in the primary market, we will be able to plan early in the secondary market.
BitKeep has launched a new NFT Market last year, providing a great NFT trading platform for creators and collectors around the world. We’ve also included more GameFi DApps in the DApp section so that our users can access more exciting ecosystems.
With the advancement of DeFi, there are increasingly more scenarios where users need to manage assets by themselves. Wallets are no longer a simple asset storage tool as the market demands for expanded wallet utility. BitKeep will go beyond and above, providing users with the essential gateway for them to start the wonderful journey in the blockchain world.