A1 since Day 1 (Part 1): Welcome to Our World…

thegemsgg
3 min readDec 7, 2021

--

We are GEMS, an Esports NFT Social Sharing Portal and O2O Platform with a unique ecosystem designed to connect worldwide crypto-gamers and turn GameFi into the next Esports!

A lot to take in, I know. Let’s start at the beginning.

It all comes down to GameFi, a literal combination of Game and Finance, which describes the gamification of financial systems to make a profit. In other words, these are play-to-earn crypto games. This is a massive, growing sector of the industry, with the overall market cap of GameFi sitting at $26, 681 512 422.99. In entirety, games represent 55% of the blockchain’s usage! I know, we are shook too.

Regardless of this takeover, there are still some not so lowkey problems with this part of the industry, which include the following:

💎 High entry fees to the GameFi world: This is a massive block for the traditional gamer to enter the world of blockchain i.e. the entry fee for Axie Infinity is 3 AXIE (equivalent to 360 USDT). Not so welcoming on crypto’s end if you ask us…

💎 Blockchain’s talent scarcity: It’s nearly impossible to integrate younger Gen Z’s into the industry because of the lack of training and education in the blockchain and tech space.

💎 Lack of revenue stream for GameFi gamers: Yes, plenty of traditional gamers are thriving by participating in tournaments, live-streaming, sponsorships, video-on-demand content etc.; however, GameFi gamers only have play-2-earn as an option.

💎 Blockchain gamers are scattered: Unlike the Esports community, the GameFi community is all over the world. This hectic pattern makes it difficult to create a sense of community or promote GameFi as a thing. BIG YIKES.

So yeah, we are a bit salty about all this too. But now that you see where we’re coming from, we can tell you more about ourselves, and that long blurb from the beginning will make way more sense. Since you have half the picture, let’s try this again…

💫 Nice to meet you, we are GEMS, the G.O.A.T. of GameFi, here to shake things up 🤩

About Us

GEMS stands for GameFi, Esports, Metaverse and SocialFi.

Proudly presenting Esports 3.0, GEMS is an Esports 3.0 Aggregator Platform within a unique O2O (online-to-offline) Ecosystem. Our one-of-a-kind ecosystem is designed to be the ultimate, one-stop GameFi destination, allowing crypto and Esports gamers to learn, connect, and immerse themselves in different metaverses and GameFi worlds via online and offline touchpoints.

Join the party👇

Discord | Twitter | Telegram | Medium | Facebook | Instagram |

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

thegemsgg
thegemsgg

Written by thegemsgg

GameFi, E-Sports, Metaverse and SocialFi. GEMS is an Esports NFT social sharing portal and O2O ecosystem.

No responses yet

What are your thoughts?