What Is “GameFi” ?

1
What Is GameFi ?
GameFi - The Concept That Works Behind The
GameFi.io. GameFi - The term is defined as
the combination of video game(gaming) and
decentralized Finance(DeFi). Blockchian
technology is used in this type of games. This
usage allows the users to be the owners of the
digital elements of the game. In simple
words, GameFi refers to the financialization of
video gaming. Alike DeFi (Decentralized
Finance), the GameFi is also the combination for
the words "Game" and "Finance".
2
"Play-To-Win" is the prominent model in the
traditional video games in which the player
needs to make payment to get more features like
upgrading, reducing waiting time or buying a
virtual object. But in the concept of GameFi,
the Play-To-Earn (P2E) model is introduced in
which the players are the ones who make money.
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