The GameFi sector has risen again, and is betting on the gaming public chain becoming a consensus among investors?

Yesterday, the concept coins of the game sector saw a general rise, among which YGG rose by 12.05% in 24 hours, GALA rose by 9.35% in 24 hours, MBOX rose by 7.41% in 24 hours, and MAGIC rose by 6.28% in 24 hours. Compared with other popular tracks such as Bitcoin ecology and AI, the growth of the chain game sector is indeed not as impressive, but as a track that has experienced a round of bull and bear markets and has precipitated a relatively mature industry structure and segmentation direction, chain games are still the focus of the crypto community this year.

Compared with investing in a single chain game, the market has begun to choose game infrastructure projects with higher ceilings. From the trend of Ronin, which was launched on Binance at the beginning of the year and has now broken through its previous high, and Yield Guild Games, which will be transformed into a chain game infrastructure layer, it can be speculated that in 2024, "game chain" is likely to be the most attractive narrative in the Gaemfi sector.

On March 23, according to Dycrpt, Yield Guild is building its on-chain infrastructure and considering deeply integrating its own YGG token with the cooperative game ecosystem. In addition, Yield Guild will also launch services such as the guild's multi-signature wallet, NFT badges, and permission lists for in-game characters in the second quarter of 1024.

YGG has risen by more than 200% in the past two months, and is quoted at $1.32 as of writing.

In addition to Yield Guild Games, Gala Games has also recently released positive developments. On March 29, Amelia Daly, director of partnerships at the Solana Foundation, joined the Gala Games advisory board.

Gala Games particularly emphasizes its "infrastructure" attributes. CEO Jason Brink tweeted two weeks ago that "people still think $GALA is just a game token related to some games... In fact, it is much bigger than that." According to him, 6 companies have signed contracts to develop on Gala Chain. They will use the entire GALA ecosystem, especially the node infrastructure, to redefine their business, increase revenue and reduce costs.

In addition to the MMOPRG game Mirandus that is being launched, Gala Music and Gala Film launched by Gala Games have also opened up imagination space for GALA in terms of creator economy. GALA has risen by more than 167% in the past two months, with the maximum increase close to 300%.

Strong new players are also entering the market.

Not long ago, Saga (SAGA), the game-oriented infrastructure protocol of the Cosmos ecosystem, announced that it had established the Saga Origins game distribution department to release games for its Saga Layer-1. Saga Origins is committed to providing comprehensive services and collaboration methods to provide additional marketing support for game developers. At present, Saga has reached cooperation with popular games such as ParallelTCG, GasHeroOfficial, Phantom Galaxies, and Angelic.

Saga has been regarded by the community as a potential game public chain that cannot be missed. Last week, SAGA launched Binance new coin mining, and the number of participants in FDUSD and BNB mining exceeded 470,000. According to community monitoring, the fourth largest whale in Blast staking has invested 68,108 BNB in SAGA mining, worth 39.5 million US dollars.

In the last bull market, the Gamefi track was expected to be a mass adoption evangelist for Web2. But now, the market has turned its attention to the more native game public chain direction. In addition to the aforementioned Ronin, the performance of old game infrastructures such as Treasure DAO and Immutble is still strong. After the entry of new players, how the Gamefi track will develop remains to be seen.

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