TL;DR

●NexGami is a game distribution platform that benefits from successful games and decades of development experience from top game companies and teams it collaborates with. This allows NexGami to quickly understand the needs of traditional players and game developers. By reducing barriers and swiftly developing the adapted SDK, NexGami has attracted a large number of players and developers.

●The platform’s first RPG pet game gained hundreds of thousands of users during the beta phase, with over 70,000 users participating in the NFT issuance. MetaMyth, the initial chain-modification game, amassed over 300,000 users within four days of its launch, with more than 17,000 recharges totaling over $450,000+. This not only showcases NexGami’s popularity and strong community support but also indicates the viability of this solution.

●NexGami places significant emphasis on the positive impact of channel dealers in project development. It intelligently distributes rewards through a unique incentive mechanism, integrating dividend tokens in the ecosystem to engage promoters, investors, players, and project development in a collaborative effort towards progress.

●The platform features three types of tokens: circulation tokens, governance tokens, and dividend tokens. Circulating tokens form the foundation of the ecosystem, and acquiring other tokens is essential. Governance and dividends help control the market liquidity of circulating tokens and stabilize currency prices. These elements are crucial for the benefits of ecological participants, as they interact with and support each other.

●Despite being in the testing phase, NexGami’s community data ranks competitively with established game distribution platforms, boasting significantly higher community engagement than its rivals.

1. Project Summary

1.1 Project Introduction

NexGami is a GameFi game aggregation and incubation platform on Polygon. It aims to merge the traditional game market with the Web3 space through community governance, attracting traditional players to the Web3 gaming world with low entry barriers. The platform’s creative team comprises a game studio with top-notch development and publishing capabilities. Leveraging their extensive experience in the Web2 game market, NexGami serves as a bridge between traditional games and Web3.

As a functional combination of Steam and Twitch in Web2, it supports Twitch’s live broadcast function, Steam’s game function, and Discord’s messaging and voice chat functions, providing players with a rich experience. In addition, the platform also provides a variety of functions such as Launchpad for high-quality Web3 game projects, e-sports, game guilds, points systems, etc., providing players with a comprehensive ecosystem.

NexGami introduces multiplayer online competition games (light e-sports) and integrates various roles in the ecosystem like game players, Key Opinion Leaders (KOLs), game developers, promoters, investors, etc., fostering benefit sharing through a Token economic model. This closed-loop business model encourages participation in governance and management of ecological DAO organizations.

1.2 Team

Brice Bian (Founder and Game Producer): Chinese Canadian, with more than 19 years of experience in game production, more than 4 years of experience in blockchain game development, and traditional online games with tens of millions in annual revenue. Product development and operations team leader, serial entrepreneur. His work “Gods Online” once achieved the highest monthly revenue in the Chinese mobile game market. His work “The Heroes of the World Online” still maintained 40% of its peak revenue four years later without adding new users.

Marco (co-founder & CTO):Over 20 years of game development experience, Marco has served as chief architect and technical director for numerous online mobile games and large-scale tourism experience VR game products. His expertise ensures technical stability, functionality, and scalability.

Chen (Chief Architect): 22 years of game development experience. Developed KONAMI’s first 3D mathlib while working at Konami. Main works: “Disney Sports Soccer”, “Disney All-Star Sports: Skateboarding”, “Pro Evolution Soccer 8” PS2, and the PS2 version of “Sakura Wars” developed in cooperation with Sega. Graphics engine genius. GTA’s graphics engine Renderware was rewritten to improve rendering efficiency by 20%. The rewritten code was officially recognized, purchased and adopted by Criterion Software. The9 invested 15 million to build its personal 3D engine “Hive”.

1.3 Financing status

NexGami has secured $2 million in total funding, receiving institutional financing from Polygon Ventures, Fundamental Labs, and Ledger Capital during the initial seed round at a valuation of $20 million.

1.4 Roadmap

The official website outlines the following development plan:

●February 2024 to S2: NexGami will release a demo version of the game for user testing and conduct an Initial Coin Offering (IDO) offering tokens and NFTs to early investors.

●2024 S2 - 2025 S1:The platform will conclude beta testing and list its tokens on exchanges.

●After 2025: NexGami plans to introduce game clusters, diverse platform events, encourage developer participation in its ecosystem, organize online/offline interactive activities, and collaborate on brand advertising for further commercialization.

Source: Official Website

2. Game items

2.1 MetaVirus

NexGami will currently focus on publishing games of the following types: RPG, Metaverse, Mining, X2E, etc. Among them, MetaVirus, its first pet RPG game, will be launched soon and is currently in beta testing.

Source: NexGami Twitter

Released for beta testing in December 23, NexGami provided 10K USDC and $NEXG tokens as incentives to invite users to participate in testing. During the test period, nearly 300,000+ users were attracted to register. The Monster NFT issued at the same time also had nearly 70,000 users participate in the casting, and it once became the product with the highest trading volume on the entire Polygon network. \

It can be seen that the community is willing to pay for MetaVirus and the platform. Such participation has turned into loyalty, which has laid a user base for subsequent platform game releases.

As the first game released, the core role of MetaVirus is to serve as the first experiment to convert traditional game players into the Web3 world. By mastering more blockchain financial gameplay, it can achieve a large number of user conversions and test the game on the chain. Adapt to provide API access demonstration cases for other upcoming games.

2.2 MetaMyth

Source: MetaPyth App

MetaMyth is NexGami’s first RPG chain modification game. In just 4 days since its launch, the number of global registrations exceeded 300,000, the number of recharges exceeded 17,000, and the total recharge amount exceeded $540,000+, which shows its appeal in the global gaming community.

Among the participating registrants, they are mainly from Southeast Asian countries such as Thailand, India, and Indonesia, and include players from other regions such as Hong Kong, Singapore, Japan, etc. These communities have shown great enthusiasm for MetaMyth’s unique chain modification game settings. .

In addition, NexGami is expected to launch a full-chain racing management game in the future. Players feed cars, parts, drivers, etc. through Token, time CD and NFT bonuses to enable automatic competition. You can get bonuses by winning games, you can get NFT by opening blind boxes, and you can also participate in off-site betting. The design, parts, drivers, etc. of racing cars can form an industrial chain. Players, as designers of racing cars, can sell them to make profits. It is currently adapting to the blockchain network and adapting game assets to ERC and Ordinal protocols to implement games on the chain.

Whether it is MetaVirus or MetaMyth, the success and excellent data of the testing phase of both are enough to prove that the technology of the NexGami platform is constantly optimized and mature, and has the ability to support large-scale user participation and on-chain interaction, so that it can be officially launched Offering a fully polished and user-friendly product.

We can foresee that such community loyalty and enthusiasm during the testing phase will provide stable traffic and revenue guarantees for every new game release on the platform in the future. With the continuous enrichment of the platform game lineup, I believe that this positive cycle will be further strengthened, bringing NexGami to broader development prospects.

3. Platform services and features

3.1 Scaled traffic

3.1.1 In-depth strategic cooperation with traditional top game companies

NexGami collaborates with China’s top gaming companies like Bytedance, Tencent Games, Alibaba Games, and blockchain platforms like Chainlink and Galxe to build community traffic.

The platform releases games on both blockchain and traditional platforms simultaneously, leveraging partner traffic to attract players quickly. This approach aims to bring millions of users into the gaming experience, catering to traditional players while gathering feedback for game improvement.

3.1.2 Comprehensive support for migration of traditional games to the chain

In terms of traditional game adaptation and chaining, NexGami is also compatible and improved in many ways:

1. Provide easy-to-integrate game SDK and API: NexGami offers an easy-to-integrate SDK and API for traditional game developers to transition to blockchain. The platform provides operational support to enhance the value of games. By connecting traditional and Web3 markets, NexGami seeks to expand the gaming industry.

2. The platform has its own traditional game operating company to help incubate: team members have released multiple popular game products for many years and have rich experience in operating products. For games published on NexGami, the platform can help the product increase the ARPU value of the product through free operations and global publishing companies.

3. Stabilize the traditional market while expanding the Web3 market: NexGami serves as a connection between traditional games and the Web3 Gamefi market. Both game fields are released and launched at the same time, allowing games to expand the Web3 incremental market in the traditional market.

4. Efficient proposal governance mechanism: By initiating online proposals, DAO will automatically initiate voting, which is fast and convenient without waiting.

In addition to being friendly at the game level, it also sets a low threshold for traditional players. Generally speaking, traditional game players have innate advantages in gaming skills and understanding of game mechanics. They can not only quickly get into the game, but also provide valuable feedback for game optimization and improvement.

In order to lower the threshold for players to use NexGami, users can directly experience the game without using a wallet to log in. It is not until the user obtains the game assets that they want to manage and monetize that they will need to use a wallet.

3.1.3 Full-chain network & asset support

NexGami plans to create an ecosystem with full-chain network interoperability. In addition to basic EVM-compatible public chain networks such as Ethereum, emerging networks such as Blast, Sui, and Starknet will also soon achieve full compatibility and in-depth cooperation.

In addition, the platform will also accommodate diverse asset classes. The support of emerging asset protocols such as Ethereum’s ERC20/ERC721 and the Bitcoin ecosystem’s

Ordinals/BRC20/BRC420/ARC20 will allow holders of various assets to enjoy broader financial space.

Through these extensive blockchain supports, NexGami can provide players with a more open and open game space, and plans to become the first game platform to fully support “full chain games” in the near future.

3.2 Closed loop of interests

In the world of GameFi, the Play-to-Earn model gained traction with games like Axie, Cryptomines, and StepN. The allure of high profits from gold farming attracted a large player base, leading to explosive growth in 2021. However, the initial excitement of quick wealth creation lacked sustainable token consumption scenarios, often fading after the initial surge.

In this Play-to-Earn environment, gameplay quality seemed to take a backseat as users chased financial gains. GameFi shifted its focus from “Game” to “Fi,” prioritizing financial elements over gaming experience. NexGami aims to refocus on the essence of gaming by blending investment with gameplay. Users can enjoy gaming pleasures while actively participating in the game’s economy as DAO managers, fostering internal economic circulation rather than mere consumption.

NexGami’s vision transcends simple game distribution by uniting various platform participants like game publishers, channel dealers, investors, and players. Through equitable benefit distribution and platform development promotion, a positive cycle is fostered.

Within NexGami’s ecosystem, roles are categorized into participants and managers. Participants engage in game operations, while managers include investors, development teams, and content creators. These roles intertwine, creating a symbiotic relationship where interests are shared:

●Ordinary Players: Players earn monetary benefits through gameplay and system tasks, receive dividend tokens through staking for additional returns, and become investors as their asset holdings grow.

●Investors: Investors enjoy player income dividends and hold governance rights within the DAO. Their income is tied to player activity, allowing them to earn game income as players themselves.

●Channel Providers: Social media influencers, bloggers, and KOLs benefit from bringing in more players, aligning their interests with the platform for increased monetary gains.

This set of gameplay has become mature in the blockchain. Many projects invite KOLs to attract new users when they are released. However, in most cases, this interest-binding relationship ends after the project is released. Gathering for profit and dispersing after all the profit is exhausted will never be the driving force for sustainable development.

NexGami introduces it into the game distribution market and continuously binds interests through a specially designed distribution mechanism. After the game release limit is reached, promoters will receive exclusive promotion links, and invited users will engage in interactive consumption, and the revenue ratio will be automatically distributed through smart contracts.

Game developers, players, and promoters prioritize profitability, prompting NexGami to involve market and investment roles in DAO governance. Through collaborative development, benefit sharing, and a positive cycle upstream and downstream, all parties work together towards sustainable growth.

3.2 Combined with BTC ecology

Bitcoin benefits from the Ordinals protocol, and its ecological development has become a new highlight of this bull market. NexGami has not missed this opportunity, fully integrating the platform with the Bitcoin ecosystem, and attracting emerging protocols and huge Bitcoin Holders to the platform, such as:

●NexGami connects with mainstream Web3 wallet providers such as OKX, Unisat, Gate, Bitget and Binance, allowing Bitcoin users to seamlessly participate in games;

●Part of the circulating tokens on the platform will be distributed through the BRC20 protocol, and some tokens suitable for games can also be issued using this asset protocol. Fully adapt to the current trend of asset issuance and participate in the Bitcoin inscription ecology.

●New protocols like the BRC420 protocol facilitate recursive inscription, acting as a fundamental solution for diversifying game assets. This allows game developers to more effectively manage and license their game modules and graphic assets, while players can personalize their gaming experience through asset portfolios.

●By collaborating with prominent protocols like Bitmap and sharing a unified vision for the future of comprehensive blockchain games, NexGami serves as a link between traditional and blockchain games. It consistently guides traditional players towards Web3 games and collaboratively advances the development of comprehensive blockchain games.

Through these deliberate strategies, NexGami introduces innovative ways to generate value for users within the Bitcoin ecosystem. Bitcoin and associated assets are now more than just tools for investment. Users can engage in a more interactive environment while possessing assets. Consequently, the platform’s diverse attributes will attract a broader range of asset holders to engage in the experience.

4. Economic model

4.1 NEXG

As ecological circulation tokens, the total circulation is 100 million, which are mainly allocated to:

●Investment institutions: 20%
●IDO：5%
●Team: 15%
●Game mining output: 50%
●Marketing: 5%
●DAO Foundation: 5%

As the core carrier of ecological value, NEXG adopts the pre-mining mode:

1. Holders can be added to the income pool as a component of liquidity to obtain NFT dividend tokens; \
2. Make a pledge to obtain governance tokens, which will be destroyed after voting. \
3. Exchange for SubDAO’s zero-coupon bonds

4.2 NEXG DAO

NEXG DAO functions as a governance certificate in the form of an NFT asset. By staking NEXG, participants receive governance tokens, which are then burned upon the completion of the voting process.

NexGami’s management entity, DAO, not only acts as a tool for proposal voting but also integrates various entities such as the game development consortium, treasury, product operations consortium, and business expansion consortium. This collaborative approach brings all ecosystem participants together to collectively operate and oversee the platform. Significant platform decisions like game launches, feature updates, events, revenue mechanism adjustments, and other key matters must undergo proposal and voting processes through the DAO before implementation.

4.3 NEXG NFT

Regarding NEXG NFTs, they function as dividend certificates requiring users to combine NEXG circulating tokens with stable coins to create an LP pair for acquiring NEXG TOKEN. Holders of these tokens can benefit from multiple income bonuses.

Players who contribute significantly to the project will accumulate more tokens over time, with token demand increasing as the game project progresses. Higher-level investors or consortium managers may have a need to purchase tokens to enhance their capabilities swiftly and boost future earnings.

5. Track analysis

5.1 Track Overview

NexGami operates within the GameFi sector, a fusion of “game” and “finance” that aims to integrate gaming and financial elements to offer blockchain game enthusiasts asset ownership and income opportunities. Games come in various forms, but fundamentally aim to engage players by offering returns.

The gaming circuit peaked in 2021 with a market cap of around $100B. But Gamefi currently has a market cap of $30.1B on CoinMarketCap, with a 24-hour trading volume of $5.7B, accounting for 1.2% of the total crypto market cap. After the gaming craze of the last round of bull market ended, the gaming track is currently in the stage of steady recovery after the end of the bubble.

A detailed ecosystem breakdown of the gaming industry includes foundational developer tools (facilitating game studios in automating development for quicker market entry), underlying blockchain infrastructure (dedicated to developing fast and high-throughput games), Launchpad services (assisting game releases through crowdfunding and serving as an incubator for game projects), aggregators and player communities (curating game content to enable players to explore multiple games across platforms and fostering communities to attract new players and establish a dedicated player base).

NexGami is subdivided into the Launchpad track. By incubating games, platform users can experience various games, participate in the early experience of the project, asset issuance, and govern the platform as a member of the DAO. Below, we list several competing products for analysis.

5.2 Competitive projects

5.2.1 Seedify

Seedify functions as a community-centric game incubator and launchpad, supporting projects in crowdfunding through offerings like IGO launch versions, VC assistance, and traffic marketing across NFT, AI, and Metaverse game categories while fostering community development.

At present, Seedify operates two primary services:

●IGO: Initial Game Offering, Enabling users to hold Seedify’s $SFUND token for participation in project fundraising, with the quantity of initial tokens received corresponding to the amount of $SFUND held.

●INO: Initial NFT Offering, Allowing users to acquire NFTs before their public listing.

The core of Seedify’s Launchpad ecosystem is $SFUND, offering stakeholders rewards through staking, including:

●Opportunities to participate in IGO and INO: Holders can have early access to high-quality blockchain games and NFT projects through the Seedify platform.

●Staking and Farming: Users can earn passive income by earning $SFUND rewards, and accumulate Staking points to obtain tokens of the Seedify incubation project for free.

●Higher levels bring higher quotas: As the level increases, the user’s allocation ratio in the project will also increase accordingly.

To date, Seedify has successfully launched 54 blockchain game projects valued at over $20 million, featuring projects like Blocktopia, Cryowar, and League of Legends, boasting impressive ROIs of 710x, 169x, and 109x respectively. Furthermore, additional incubation projects are in progress.

5.2.2 Gala Games

Gala Games, established in 2018, is a blockchain game development company with a vision to construct a decentralized game ecosystem. Serving as both a game development and aggregation platform, Gala Games facilitates project distribution and asset sales.

Gala Games has implemented a dedicated network node for its games, ensuring transaction verification, storage, and calculations occur on a distributed node network rather than a centralized server. This decentralized approach enhances platform security and operational decentralization, with nodes holding voting rights in the community DAO governance.

Currently, Gala Games offers a diverse range of game genres such as role-playing, business simulation, cards, tower defense, and shooting games, including popular titles like Spider Tanks and GRIT. Revenue from NFT purchases of these high-quality games has significantly contributed to the platform’s profitability.

The platform’s native token is $GALA, with a total supply of 50 billion tokens primarily used for acquiring network nodes and purchasing game NFT assets. Key aspects include:

●The upper limit of the number of network nodes is 5,000. The current price of a founder node is about 5,000. With the network POS mechanism, half of the tokens produced daily will be allocated to the founder nodes, and the other half will be given to the treasury fund. At the same time, you can also get its game tokens and NFT as incentives.

●Users need to use $GALA as payment token when purchasing game assets.

The number of tokens produced will be halved every year, but in order to maintain the enthusiasm of nodes, the platform uses the PAY-BY-BURN burning mechanism to ensure node income. That is, when users purchase assets on the platform, the $GALA they pay will be destroyed and regenerated into new tokens for the nodes, which is essentially a transition of interests for the project side.

Gala Games focuses on the operation of games. The purchase of game assets is currently the only consumption scenario. If there are no good games and low purchase demand, the number of tokens that can be burned as feedback nodes will decrease. Coupled with the original halving mechanism, This will cause the node’s income to decline, forming a vicious cycle. But similarly, in a bull market, the launch of popular games will also cause the supply of $GALA to exceed demand, and the reduction mechanism will quickly form a positive cycle.

Gala Games concentrates on game operations, where the purchase of game assets is the primary consumption scenario. The platform’s success hinges on the availability of engaging games and robust purchase demand to maintain node income. In a bullish market, popular game launches may lead to an oversupply of $GALA tokens, triggering a reduction mechanism to foster a positive cycle.

5.2.3 Yield Guild Games

Yield Guild Games (YGG) is a decentralized gaming guild operating on Ethereum and Polygon, connecting players through game investments and community building to establish a vast gaming alliance.

YGG addresses the issue of high price barriers for blockchain game assets by introducing a scholarship system that nurtures players through asset leasing, fostering mutual benefits among the guild, games, and players. The guild is structured with various SubDAOs tailored to different games and regions, each governing specific activities and assets for the “Play and Earn” model.

YGG’s gaming collaboration network is well-established, featuring successful titles like Axie Infinity, Pixels Parallel, Big Time, My Pet Hooligan, Wildcard, Mighty Action Heroes, and Star Atlas. The diverse game portfolio and successful partnerships have resulted in significant profits for YGG.

Emphasizing community and player engagement, YGG continued its support during the bear market by organizing offline summits and co-hosting the Web3 Summit with the Philippine community, attracting over 2,500 participants. To drive user growth, YGG utilizes task-based Web3 user acquisition models and incentivizes participation through the Guild Development Plan (GAP) issuance and game collaborations, encouraging more communities and guilds to engage in gaming activities.

5.3 Comparison and summary

Since NexGami is currently in the testing phase, compared with more mature competing products that have been released for a longer time, it is not objective to compare on-chain data. We will analyze the fundamental information for the time being.

●Underlying network architecture: From the perspective of the deployed infrastructure network, NexGami and Seedify have opted for Polygon and BSC as their underlying network architecture. These choices offer advantages over Ethereum, with their own chain hosting a significant volume of games, lower fees, and increased transaction throughput. NexGami’s selection of Polygon notably reduces user interaction costs and enhances the overall user experience.

●Business Model: NexGami functions not only as a game aggregator and incubator but also supports game assets and distribution. In comparison to other platforms, NexGami stands out for its comprehensive approach in aggregating various ecological roles to facilitate mutual benefits.

●Community users: Seedify boasts the largest number of Twitter users, although the conversion rate to Discord appears lower. Conversely, NexGami’s community size is already substantial even before its official release, positioning it in the mid-to-upper tier in terms of community size.

●Activity: NexGami’s community demonstrates higher levels of activity and enthusiasm based on the conversion of Twitter followers to Discord members and overall online engagement. In contrast, other platforms seem to have stabilized in terms of community activity.

6. Conclusion

NexGami aims to serve as a link between traditional gaming and the Web3 market, leveraging the support of established traditional game companies and the team’s extensive product development expertise. By enhancing traditional games at a technical level and implementing an adaptable SDK/API, NexGami reduces user barriers and efficiently channels Web2 player traffic to the blockchain. This strategy facilitates seamless user integration into the blockchain, enabling rapid game releases through accessible tools.

Furthermore, NexGami recognizes the significance of channel providers in project advancement and employs a unique incentive mechanism to distribute rewards intelligently. This ensures that dividend tokens within the ecosystem (requiring circulating token pledges) manage market supply, fostering value appreciation and active participation from promoters, investors, players, and project development stakeholders. This collaborative approach aligns all parties towards shared goals for project and platform advancement.

Overall, NexGami aims to be at the forefront of integrating traditional player traffic into the Web3 sector, utilizing a token incentive system to drive mutual growth for platform expansion and game business revenue.

References

https://research.web3caff.com/zh/archives/4806?ref=964
https://research.mintventures.fund/2023/08/23/zh-top-game-guilds-in-a-bear-market-some-thrived-some-fall/
https://blog.seedify.fund/
https://medium.com/gryphsisacademy_86434/gala-games-%E9%93%BE%E6%B8%B8%E7%84%95%E5%8F%91%E7%AC%AC%E4%BA%8C%E6%98%A5-gala-%E8%83%BD%E5%90%A6%E8%84%B1%E9%A2%96%E8%80%8C%E5%87%BA-f0d9153007a2
https://s.foresightnews.xyz/article/detail/53009
https://medium.com/first.vip/%E5%A4%B4%E7%AD%89%E4%BB%93%E7%A0%94%E6%8A%A5-%E6%B8%B8%E6%88%8F%E5%85%AC%E4%BC%9A-yield-guild-games-ygg-85479414d008

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