Smart Finance White Paper
  • 1. Smart Finance Overview
    • 1.1 The rise of GameFi
    • 1.2 The Play to Earn model is revolutionizing the gaming field
    • 1.3 Smart Finance: a DAO for global blockchain games
  • 2. Smart Finance Products
    • 2.1 S-swap
    • 2.2 GameList
    • 2.3 Smart NFT
    • 2.4 SLaunch
  • 3. Smart Finance development plan
    • 3.1 The Grand Genesis phase
      • 3.1.1 The Genesis phase
      • 3.1.2 Contribution proof & mining methods
        • Fission hash unit
        • Deposit hash unit
        • Hot-start mining
    • 3.2 Smart Network
    • 3.3 Smart Governance
  • 4. Technical Framework of Smart Finance
    • 4.1 Working principle of the Smart Finance system
    • 4.2 Working principle of Smart Network verifies the node
    • 4.3 Operating principle of S-DAO
    • 4.4 AI Vault - operation principle of the GameFi Pool
  • 5.Tokenomics
    • 5.1 About SMART tokens
    • 5.2 SMART Output
      • Genesis Phase
      • Community Genesis Phase
    • 5.3 SMART token mining distribution
    • 5.4 The deflation model
      • 5.4.1 Deflation through repurchase
      • 5.4.2 Deflationary ecosystem
  • 6. Roadmap
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  1. 1. Smart Finance Overview

1.2 The Play to Earn model is revolutionizing the gaming field

The concept of GameFi (blockchain games) was first introduced by Mary Ma, Chief Strategy Officer of MixMarver, at the Wuzhen Summit in China in 2019. As the name suggests, GameFi comes from DeFi-one of the important application directions of blockchain and can be considered as a collection of DeFi, NFT, and games. NFT (non-fungible token) is another important component of GameFi, which also belongs to the practical application of blockchain technology.

GameFi officially entered a period of high-level growth in 2020 when blockchain projects, represented by Axie Infinity, introduced the Play to Earn model. Public data shows that as of July 30, 2021, the blockchain game market had attracted investments of nearly $1 billion, while the amount was only $72 million in the whole year of 2020. As of August 2022, the blockchain game market had attracted institutional investment and user investment of over $5 billion. The growth rate is only seen in the highly explosive phases of NFTs and DeFi.

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Last updated 2 years ago