โš”
GAMEFI INDUSTRY
General look at the nowadays NFT Gamefi industry
GameFi is one of the most discussed topics in the crypto industry, gaining popularity and increasing the scale of use. GameFi is a combination of the words "game" and "finance" and stands for monetization of the gaming experience. Of course, thereโ€™s nothing new about making money playing online games, but with the emergence of GameFi, players have gained many more unique opportunities because it implies blockchain technology and decentralized finance (DeFi).
Unlike traditional video games, which offer a โ€œplay-to-winโ€ model, where players invest their time and money to gain an advantage and win the game, GameFi projects propose a โ€œplay-to-earnโ€ model. That means not only the player develops and grows in the game, using oneโ€™s knowledge and skills, but also receives rewards for it.
Another feature of GameFi projects is running in a distributed blockchain registry. So, if a player acquires particular objects in the game - such as avatars, artifacts, weapons - one becomes their sole owner.
NFT and blockchain games have exploded in popularity recently. However, none of the games currently on the market genuinely embrace a fully decentralised ecosystem and completed on-chain experience, which are the factors that should be the fundamental essence of blockchain gaming.
โ€‹
Copy link