GameFi #

Today, cryptocurrencies and blockchains have gained worldwide acceptance. The DeFi (Decentralized finance) is a sub-sector of the blockchain space, which aims to recreate traditional financial systems, such as banks and exchanges, with cryptocurrency.

Then there are Non Fungible Tokens(NFTs), which are tokens that guarantee that there only be one owner for that token. NFTs have plenty of use cases and have recently become popular in the blockchain industry. Gaming is one of the use cases and NFTs have taken their places in the heart of blockchain-based gaming by letting users/players own the characters and assets within these games.

GameFi is a combination of Gaming, NFTs, and DeFi, a gamified monetary sector, where the users could generate revenue, by playing video games. A portion of this ecosystem is “gaming”. However, at its core, “finance” is the most vital factor for the players.