GameFi, a new sector in the Web3 space, combines traditional gaming and decentralized finance (DeFi), attracting millions of users around the world. 😲🎮 Players can earn money by completing in-game tasks, competing with other players, creating and monetizing their in-game economies, etc.
Web games 3.0 have developed several economic models to allow players to monetize their time in the game. For example, games built on a Play-to-Earn (P2E) model allow players to earn tokens by completing levels and challenges.
Some GameFi projects aim to promote healthy habits and physical activity among their users. The Move-to-Earn (M2E) model encourages users to be physically active by rewarding players with tokens for completing daily exercise.
In addition to the economic models discussed, many platforms offer players the opportunity to earn additional passive income by staking their assets acquired while playing.
Integrating elements of established Web3 sectors and the latest technologies and infrastructures makes the online gaming industry safer, more streamlined and user-centric.
GameFi has the potential to be a major factor in the mass adoption of Web3. With billions of gamers around the world, GameFi provides an interactive portal to new dimensions of ownership and the opportunity to earn real rewards by doing what they love.