The blockchain technology in Malaysia still lagging behind and the development progress is slow, according to Sean Leong, CEO and founder of GameFi, a Blockchain platform that specialized in GameFi, Non-Fungible Token (NFT) and Metaverse. The main reason is due to talent shortage in driving the development of blockchain technology.
GameFi, which is wholly owned by GameFi Sdn Bhd, which works on blockchain, GameFi, DeFi, NFT, Metaverse and aims to be a hub of advanced technology and education of blockchain.
The more than 2.7 billion video gamers worldwide are already very familiar with the notion of scarce digital items, tokenization and in-game currencies. Meanwhile, blockchain technology empowers these gamers in a way that has clear benefits — both financially and in terms of a title's development. Leong believes it is not difficult to imagine GameFi taking increasingly bigger bites out of the global video games market worth $175 billion.
Leong has hit upon a key trend. Even before the pandemic, the gaming market – which spelled entertainment for people – was thriving. But following the movement restrictions that were imposed to contain the Covid-19 outbreak, it became even more pronounced.
While previous blockchain struggled to attract mainstream appeal, GameFi represents the most likely route to widespread blockchain adoption. With the continued development of blockchain technology and nonfungible tokens, GameFi is rapidly evolving out of the proof-of-concept phase and into prime time.
He is developing his own ecosystem within GameFi Malaysia. “Currently, we consist of Blockchain Project Development Platform, GameFi Technology Lab and Education Hub. We are also building our own decentralized NFT marketplace, Crypto Domain and IPFS Storage Farm,” he says.
“We still need lot of resources. I hope, at least for this year, GameFi becomes the new thing. And when people think of GameFi, NFT and Metaverse, I hope they link it to GameFi.
That being said, it’s only practical that the growth of the online gaming industry is something that crypto gaming should seek to exploit since it has apparent benefits for both players and developers. From the potential to earn to ease of transactions, the ability to play anywhere, and the enhanced levels of safety and security, crypto gaming improves the overall gaming experience for gamers while providing new income streams for developers. Let’s play.
So, if you’re interested in starting your journey to Blockchain or Metaverse, you can visit their website – www.gamefi.my or follow their Facebook page – https://www.facebook.com/GameFi.my or emailing them at hello@gamefi.my.
