GameFi
GameFi, short for "Game Finance", is a revolutionary sector that merges gaming with decentralized finance (DeFi), allowing players to earn real-world rewards through blockchain-based games by integrating elements like cryptocurrencies, non-fungible tokens (NFTs), and smart contracts.
What You Need To Know
GameFi transforms gaming from a purely recreational activity into an economic opportunity where players can own, trade, and monetize in-game assets. Can also be integrated with metaverse platforms, helping to create AI powered platforms helping to automate these digital economies that will keep bringing people back to play more/get rewarded.