What is GameFi — A Full Guide Into This Ecosystem
GameFi is considered a revolution in the gaming sector, and indeed, it opens up entirely new possibilities for developers and players alike.
Through GameFi, it’s possible to create a combination of the gaming and decentralized finance (DeFi) sectors. This combination aids developers in funding and allows players passive income.
Let’s examine the possibilities and show you what else you can expect.
What problem does GameFi address? First and foremost, finding out what problem is being solved is exciting. GameFi solves several issues, explicitly enabling new opportunities in various areas for developers and players equally.
The term originated during a phase when blockchain gaming, NFTs, and DeFi were experiencing a boom. GameFi describes a scenario where players can purchase NFTs or cryptocurrencies.
In turn, this finances the work of developers, and investors hope for benefits in the game or appreciation of the NFTs through early involvement.
How does GameFi work?
Due to financial constraints, developers often need primary publisher backing to develop more miniature games. However, GameFi makes it possible to raise capital early.
