TwitFi: Based on Twitter, a new GameFi that combines social and gaming

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Written by: 0xBun, Deep Tide TechFlow

Although X2E has ended, it is still one of the relatively new systems in Web3, attracting a lot of liquidity. X2E is a highly flexible narrative whose manifestation depends on people's imagination. That is to say, "X" can be put on any coat that people want, such as Play, Write or even Sleep. The "X" we're going to look at today is Tweet, and how it earns rewards for posting tweets.

What is Twitter?

TwitFi is a Web 3 oriented social networking game with GameFi functionality. Getting started with the game is very simple, just connect your wallet and Twitter account to their official website, and two-thirds of the preparation steps for the game are completed.

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

Finally, you need to prepare TwitFi's NFT, which is an interactive NFT designed based on birds. Players can spend money or free Mint a pet egg during the Market or Mint. Of course, different kinds of eggs hatched from different kinds of birds. For example, if it's a free egg, it's more likely to be a Baby type bird. It should be noted that Baby birds cannot be sold in the secondary market.

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

With that in place, players can tweet with #TwitFi to earn in-game tokens, which can be spent or redeemed in-game.

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

T2E mechanism

If you just post tweets to earn rewards, it would be too boring, and it would be difficult to resist the attacks of speculators. In order to make TwitFi look more like a game, the project decided to make a fuss on NFT.

As mentioned earlier, when you hatch eggs into birds, there are four types of birds, and five levels. Birds of different types and levels earn different tokens per tweet.

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

Moreover, NFT does not earn tokens directly, but through a medium called "feed". When our feed runs out, we can no longer earn tokens by tweeting. Follow-up needs to wait for the feed to be replenished. Depending on the level of the bird, the recovery speed of the feed is also different, as shown in the figure below.

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

But no matter what the level is, each NFT can have a maximum of 10 feeds, and players can accumulate up to 50 feeds by purchasing feed boxes.

Obviously, the level is the key to earning tokens, so how to improve the level of the bird? In addition to purchasing high-level birds in the secondary market, players can upgrade the level by consuming the earned tokens (TWT), and there is a waiting period before upgrading the level:

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

In order to further reduce the market selling pressure of TWT and improve the vitality of the game, a "virus" mechanism is also introduced in NFT. When you tweet, NFT has a certain probability of getting a virus. If the NFT is infected, you will not get TWT for tweeting. The infection will heal after 7 days. Alternatively, you can buy medicines in the market to cure it instantly.

The probability of infection depends on the number of tweets of the NFT:

TwitFi: Based on Twitter, a new GameFi that combines social and gaming

It should be noted that although the infection will heal, the NFT will be automatically destroyed after the number of infections reaches 20 times.

pros and cons of the game

TwitFi is a social game with a clear target audience: people who often use social software. TwitFi is unique in that it allows players to earn real money by tweeting on social media. This allows players to enjoy the interaction while also gaining economic benefits.

In addition, the setting of pets in the game increases the playability of the game. This is because pets, as an element in the game, are a means to increase the fun and complexity of the game - TwitFi uses a series of mechanisms derived from pets to give the game the power to run continuously.

However, a game's strengths can also be its weaknesses. For example, the recovery speed of the "feed" provided in the game depends on the level of the bird, which may lead players to feel that buying high-level NFTs is necessary. As well as the poor performance of the game in terms of playability, a single tweet cannot generate much user stickiness, especially during the bear market.

In short, TwitFi is still in the early stage. Through tweets and NFT, it has opened up the bridge between Web2 and Web3, bringing new blood to Web3. The creativity and ideas of the game are worthy of recognition. However, its moat has not yet been established, and the model is easy to be reproduced. After the official release, whether the game can continue to operate stably remains to be seen.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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