What Is Gamefi
Also called a P2E (play-to-earn) game, GameFi is a portmanteau of “game” and “decentralized finance” that describes a computer game using blockchain to allow players to own virtual items. By using blockchain technology, players can earn real-life money by chancing, trading, and selling virtual goods. Also, because virtual items are stored in the blockchain, there’s the potential to trade with other marketplaces and other games, rather than only selling them. If a GameFi game were to shut down, it could still be possible to transfer goods....