What Is GameFi?
GameFi, short for “Game Finance,” is a concept that combines blockchain technology, cryptocurrency, and gaming mechanics in one ecosystem. GameFi offers a new way to play games by adding financial elements, such as the opportunity to earn real money through in-game digital assets, such as tokens or NFTs (Non-Fungible Tokens).
In GameFi, players not only play for fun, but also to gain economic benefits. This concept is often referred to as Play-to-Earn (P2E) or play to earn.