Fusion of DeFi and Gaming
Last updated
Last updated
The term 'GameFi' is a fusion of the words 'game' and 'finance.' The combination of GameFi and DeFi (Decentralized Finance) further enhances the revolutionary nature of Web3 gaming. GameFi projects can integrate DeFi functionalities such as staking, liquidity mining, and yield farming. These models enable players to stake their in-game tokens to earn rewards, access exclusive items, or unlock new gaming levels. In this way, gaming elements are employed to make these features more accessible to the general public, incorporating tokens and representative NFTs into gameplay to allow users to earn real-world income.