GameFi refers to the combination of gaming with decentralised finance, where players can earn cryptocurrency or tokenised assets through gameplay. It overlaps with blockchain gaming and play-to-earn models.
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- GameFi describes games built on blockchain technology where in-game items and rewards exist as tokens or non-fungible tokens that players own and can trade. Some designs let players earn value through play, a model known as play-to-earn.
- The approach links game economies to cryptocurrency markets, which introduces both new incentives and financial risk for players. Sustaining these economies has proven difficult when rewards depend on continued inflows of new participants.