Fully onchain gaming (FOCG): What Is It? How It Changes GameFi and Traditional Gaming

Fully onchain gaming (FOCG) may sound unfamiliar to many, but it's a common term in the blockchain gaming world that everyone involved should understand.

So, what exactly is Fully onchain gaming, and why is it so important? How does it change the GameFi market and traditional gaming? Let's explore these in this article.

What is Fully onchain gaming?

Fully onchain gaming (FOCG) in simple terms describes blockchain games where all activities, data, or assets reside entirely on the blockchain.

The game's rules are coded into smart contracts, and assets are stored on the blockchain. In other words, even if the developer goes bankrupt, the game continues to exist, and all your data or assets remain intact.

To illustrate, consider a basic example: if you deposit money into a game like "League of Legends" to buy items. However, if after 10-15 years the game publisher suddenly goes bankrupt and stops releasing the game to the market, it means your account and the money you spent on items are gone with the developer.

However, with Fully onchain gaming, everything you have remains unless the blockchain itself is destroyed or ceases to operate, which is a testament to the resilience of Fully onchain gaming over time.

Moreover, in Fully onchain gaming, you can entirely add modes or customize activities with your account the way you want, without being confined to a developer's general rules.

In recent years, many of us have become familiar with the famous NFT game Axie Infinity, which is built on the blockchain. However, excluding the game's NFTs, all user data or assets are still monitored through a central server.

Unlike games like Roblox, where users can build their own worlds without deep intervention from developers, applying blockchain technology to games remains somewhat distant.

Fully onchain gaming addresses both these issues, managing data loss prevention and allowing users to construct everything they desire in their own world.

How has Fully onchain gaming changed the traditional gaming and GameFi markets?

In 2023, Fully onchain gaming is challenging the traditional gaming and GameFi markets in profound ways.

Traditional gaming often faces challenges with data security, ownership, and continuity. Games may shut down, leaving players without access to purchased items or progress. Fully onchain gaming mitigates these risks by decentralizing ownership and ensuring that all assets are secure on the blockchain. This has profound implications for gamers who seek longevity and control over their virtual assets.

Regarding GameFi (Gaming Finance), Fully onchain gaming enhances the decentralized finance aspect within gaming ecosystems. It allows for the creation of true digital economies where in-game assets are truly owned by players and can be traded or used in various decentralized financial activities like staking, lending, or yield farming.

Overall, Fully onchain gaming represents a paradigm shift in the gaming industry, offering unprecedented security, ownership, and creative freedom to gamers. It bridges the gap between traditional gaming and blockchain technology, paving the way for a new era of immersive, secure, and player-driven gaming experiences.