Konstantin Smirnov

The developers have created a whole history of the development of the Metaspace MetaFi. The story tells how the Earth was able to exist in different parallel universes.

In this world, there are cities that are divided into special zones: CEX, DEX,

NFT, Launchpad, Guild, Fintech, Commodity Stock, and others. In each of the zones, players can chat, trade, exchange NFTs and earn money.

Every city has a Metaverse Bank where your digital assets are stored. In it, you can choose different ways to earn money with the help of tokens and NFTs.

The crypto project positions itself as a pioneer in the field of combining three components: trade, crypto industry and communication. The developers note that unique financial projects have already been developed, such as Metaverse Bank, Digital Real Estate Agency, Guild Launchpad and others.

For example, in Metaverse Bank, a player can store his assets, take a loan, give assets on credit, etc.

The game itself offers the following types of financial transactions:

• Trade on decentralized exchanges like PanCake or UniSwap.
• Exchange and sale of NFTs within the Metaverse itself.
• Presale zone - a place where you can buy crypto project tokens before they officially hold an ICO, IDO or IEO.
• Perp Zone - cryptocurrency options trading.
• Derivatives trading (tokens linked to real values).

GameFi (or Play-to-earn, P2E) allows players to earn a lot of money in some countries. For example, in Indonesia gamer's income is much more than the average wage in the country. But in richer countries, the reward is below this indicator. The reward is given for the sale of your characters, their things or the extraction of a specific resource that can be exchanged for cryptocurrency.

1. Item tokenization. When creating characters and selling various weapons, artifacts, or real estate, gamers can earn large amounts of money;
2. NFTs are great investments. The value of properties bought cheaply can skyrocket just in a few months;
3. The games are good for newbies who are not familiar with the crypto market processes;
4. A wide selection of online games tailored to every taste, featuring a variety of storylines, game worlds, and mechanics;
5. Minimal action is required from the player. The gamer does not have to memorize key combinations; he only needs to press one button on the screen.

The simplest and most popular way to verify is to send SMS to the phone. Another - take a photo with your ID card and your crypto wallet number. Also can use a private driver's license or passport. Another way is Face ID. In online mode, you must film yourself on camera, following the tips.

GameFi allows players to earn a lot of money in some countries. For example, in Indonesia gamer's income is much more than the average wage in the country. But in richer countries, the reward is below this indicator. The reward is given for the sale of your characters, their things or the extraction of a specific resource that can be exchanged for cryptocurrency.

KYSKYC was created as a response to anonymous owners of cryptocurrency. According international banks agreement “Travel rule” every financial organization must know who and whom they transfer money. It helps to fight illegal transactions and financing terrorism.

Today only the biggest crypto companies created KYC. The middle and small size companies didn't. It helped to save their clients. Some companies even attract new clients, promise won’t deploy this process in the future. But it means that these companies won’t get a legal license and can’t to working with legal finance institutes.

The simplest and most popular way to verify is to send SMS to the phone. Another - take a photo with your ID card and your crypto wallet number. Also can use a private driver's license or passport.

But all these ways are not reliable. And companies don't hurry to improve this process because fearing that many clients unfollow them. A good example here is Binance. It welcomed government oversight. At the same time, the firm was withholding information from regulators, maintaining weak checks on customers, and acting against its own compliance department’s recommendations, a Reuters investigation has found.

But on the other hand, some countries have been watching closely for this process. In South Korea, the crypto exchange Bithumb has banned the transfer of crypto assets to unidentified wallets. All other exchanges in the country must do the same by March 25, 2022. Users can now only register their personal wallets. When registering, users will have to undergo KYC verification, meaning they will be required to take a picture of their wallet number along with their ID card.

Large gaming corporations such EA Games and Ubisoft show interest in GameFi. Now they are testing the use of NFT in the games. It’s a digital signature that gives the right to own a gamer's thing (fragment of cloth, weapon, or equipment). Some NFT cost more than 10 000 dollars. But government regulators think that NFT belongs to gambling. That means the corporation must receive a special license and abandon children playing in their games.

Large gaming corporations such EA Games and Ubisoft show interest in GameFi. Now they are testing the use of NFT in the games. It’s a digital signature that gives the right to own a gamer's thing (fragment of cloth, weapon, or equipment). Some NFT cost more than 10 000 dollars. But government regulators think that NFT belongs to gambling. That means the corporation must receive a special license and abandon children playing in their games.

Another problem is lack of legal regulation. In some countries regulators think that GameFi is a gambling. So in South Korea, government, known for its rather loyal attitude to cryptocurrency assets, has taken measures to restrict the release of games in the Game-Fi sphere. It also demanded the removal of existing games from the Google Play and Apple App Stores.

1. Decenterland
2. Axie Infinity
3. The Sandbox
4. Gala
5. Wax
6. DeFi Kingdoms
7. Radio Caca
8. Illuvium
9. Smooth Love Potion

KYS was created as a response to anonymous owners of cryptocurrency. According international banks agreement “Travel rule” every financial organization must know who and whom they transfer money. It helps to fight illegal transactions and financing terrorism.

When crypto exchanges were decentralized (DEX) many government regulators were trying to ban them for his anonymity. But when exchange became centralized (CEX) government regulators required to deploy the verifications process or they will ban them. And companies start to create different processes of verification, given the common name “Know your customer” (KYC).

Today only the biggest crypto companies created KYC. The middle and small size companies didn't. It helped to save their clients. Some companies even attract new clients, promise won’t deploy this process in the future. But it means that these companies won’t get a legal license and can’t to working with legal finance institutes.

GameFi allows players to earn a lot of money in some countries. For example, in Indonesia gamer's income is much more than the average wage in the country. But in richer countries, the reward is below this indicator.

The main problem of all GameFi projects is the low level of attracting money into games. Usually, the basic economics of projects attract money from players and redistribute it between the best players. It doesn't allow the scale game and overtime fewer gamers continue playing.

Large gaming corporations such EA Games and Ubisoft show interest in GameFi. Now they are testing the use of NFT in the games. It’s a digital signature that gives the right to own a gamer's thing (fragment of cloth, weapon, or equipment). Some NFT cost more than 10 000 dollars. But government regulators think that NFT belongs to gambling. That means the corporation must receive a special license and abandon children playing in their games.

1. Decenterland
2. Axie Infinity
3. The Sandbox
4. Gala
5. Wax
6. DeFi Kingdoms
7. Radio Caca
8. Illuvium
9. Smooth Love Potion
10. Mobox