The concept of GameFi is a recent innovation in the crypto realm that simply means Playing to Earn using Non-Fungible Tokens (NFTs) or digital assets. This platform provides an infrastructure for gamers to earn game coins and tokens that may be traded for the currency of your choice: crypto or fiat. It also integrates DeFi elements in-game like staking where players generate rewards from their assets.
The GameFi multiverse is expected to grow exponentially in the coming years as new investments are pouring in to push the boundaries for more gaming experience.
The Role of Vietnam, Indonesia, and the Philippines in GameFi
Vietnam has been in the forefront of the game development industry in Southeast Asia. The success of Vietnam’s gaming industry sector can be attributed to a simple but addictive game called Flappy Bird which became extremely popular in 2014. Since then, Vietnamese game developers haven’t stopped pursuing sustainable and competitive games for the users. Investors from the mainstream gaming industry began to acknowledge the talented pool of software and gaming app developers and started to fund startup companies.
With the widespread outbreak of the Covid-19 virus which implemented lockdown measures, Indonesia and the Philippines have been the emerging gaming hubs in Southeast Asia. Mobile phone gaming usage tripled in Southeast Asia during the initial lockdown in 2020 and the demand for games with Play to Earn Feature is endless.
In the Philippines, gamers play at least 2 blockchain games to maximize earnings that could support their families and basic needs. In Indonesia, peak gaming times have shifted to early morning grind and app engagement. By 2025, 220 million users are expected to flock to the gaming platforms in both countries.
Roseon Finance & HeroFi Partnership
Most NFT games, ownership to digital assets is possible by accumulating game tokens especially prior to game launching. These tokens can be used as utilities to breed, upgrade weapons, and essentially perform better in quests and battles.
Roseon Finance is proud to announce its partnership with HeroFi, a mobile app aRPG game running on blockchain technology. This game has “Free to Play” and “Play to Earn” mechanisms so that users can invest and play or play for free.
Roseon Finance is excited to launch 2 new farming pools:
- Farming pool allows users to stake $ROSN and earn HeroFi $HEROEGG tokens, which is exclusively given to Roseon VIP Members. $HEROEGG is used to hatch Genesis Heroes. There will only be 5,200 Genesis Heroes that will be produced in the entire game. Hence, they are very RARE.
- Farming pool allows users to stake $HEROEGG and earn $ROSN tokens, which all users can join.
Download the Roseon Mobile App HERE.
