What is GameFi?

in hive-183397 •  last year 


Assalamualaikum friends. I hope everyone is well. I am also very well by the grace of God. Today I am going to discuss a new topic inshallah. I hope everyone will like it.

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Taken from here


Today my topic of discussion is GameFi. We have already seen that NFT, DeFi, DAO, Metaversc, Cryptocurrency have gained a lot of popularity in the web 3.0 world. Along with that, GameFi has started making a lot of noise in the Web 3.0 world. Many may understand what GameFi is? Many may not have understood.

Today we will try to understand very easily what is GameFi?

Game and Finance together are called GameFi. Many of us may now understand a little after hearing the name. You can earn by playing games through GameFi. I can't believe it. We are playing many kinds of games in childhood. But I never thought that you can earn by playing games. Yes, it is possible now in the web 3.0 world.

Then came the e-game. Coins can be earned in the virtual world by playing these games. But it could not be taken out in real life. Now you can earn your income in real life by playing games in GameFi world.

You need to buy NFT first. Then you have to play games using that NFT and you will earn from that NFT. The NFT you buy is yours. You can use that NFT in all the games in the web 3.0 world and you can sell that NFT if you want. I will discuss this GameFi in detail in a later post. There are many successful P2E platforms and games. Some notable names are:

Axie Infinity:
Decentraland:
The Sandbox
MOBOX Platform:
Stepn



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I am Md. Ebrahim Islam Nahid. Everyone calls me Nahid. I am Bangladeshi. I am an Electrical Engineer. I love reading books, writing and creating new things. I try to express myself and evaluate the opinions of others.

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