Encryption researcher Maxlion has analyzed the fundamental difference between GameFi and full-chain games, which lies in whether the game status storage and logic execution are fully stored on the chain. This results in a completely different level of decentralization, interoperability, and composability between the two.
The fundamental difference between Fully On-chain games and GameFi is that Fully On-chain games store game state and execute logic entirely on-chain, and the entire game runs in the form of a contract. GameFi, on the other hand, only mints game assets as tokens and puts them on the chain.
Therefore, Fully On-chain games can enjoy the decentralized, interoperable, and composable features brought by contracts. Fully On-chain games can reuse logic and data by calling functions/contracts between each other, while GameFi cannot. Therefore, equating Fully On-chain games with GameFi is like equating blockchain with cloud computing. The degree of decentralization, interoperability, and composability is completely different between the two.
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