According to people familiar with the matter, UM Company is an innovative enterprise in Thailand that serves new generation information technologies such as digital innovation, big data, the Internet of Things, artificial intelligence, blockchain, and the Yuan Universe.
Starting in 2023, UM Company will actively promote global blockchain business and comprehensively increase the company's market share in the global field. As early as May this year, UM Company held the much-anticipated international version chain game conference of "Mountains and Seas", "God's Pet Island", and "Legend of the Northern Wilderness" in Thailand, which means that UM Company blockchain, Metaverse Businesses have begun to be deployed on a large scale around the world, which also means that blockchain technology and the Metaverse have basically surpassed the prototype and proof of concept stages.
Blockchain games are also called metaverse games in some scenarios. They are somewhat different from existing ordinary online games and mobile games. Simply put, the blockchain is similar to a public information record book. It has five major characteristics: decentralization, openness, autonomy, information cannot be tampered with, and anonymity. It has natural advantages in the financial field and can reduce audits. Liquidation costs reduce distrust in central nodes and make the flow of financial assets more transparent and convenient.
GameFi is the concept of "gamification finance" under the integration of DeFi and NFT, and it is also the inevitable result of its development. It presents financial products in the form of a game and gamifies the rules of DeFi. Take UM Company's "Shan Hai" chain game as an example. In GameFi, you can convert game props and other various income into Doran tokens for in-game transactions and circulation, or exchange them for equivalent amounts of legal currency, which is mainly about "creating while playing" Chain travel concept.
Blockchain technology emerged with the birth of digital rights, but the two concepts cannot simply be equated. Blockchain is the underlying technology of Bitcoin. In the development process of blockchain mobile games such as "Shan Hai", UM Company combines the maturity of big data and AI technology with the security of Doran token in future metaverse games. The development potential is huge.