GameFi is the all-encompassing hub for game finance. The platform services blockchain gamers, investors, and traders in one Guild and Aggregator alongside a launchpad exclusively for games.

How it works

All objects in these types of games are expressed as NFTs – digital tokens used to prove ownership of scarce intangible items. Think of things like plots of land, avatars, costumes, weapons, and gold bars. Once players find and accrue these items through gameplay, many have the option to trade these with others in digital marketplaces for different NFTs or sell them in exchange for cryptocurrency.

In order to keep track of what every player owns, all NFTs and cryptocurrency transaction data are stored on a public blockchain. This is a type of distributed, digital record-keeping technology maintained by a global network of computers. Leveraging this technology in gaming provides a number of benefits, including:

• Players can easily prove ownership of their in-game items.
• There is no single point of failure, meaning players will no longer be at risk of losing track of what they own if the underlying gaming company experiences technical issues.
• Items accrued during gameplay cannot be counterfeited, removed or destroyed.
• Game-native cryptocurrencies can be sent and received without the need for intermediary settlement, clearing or custody.

Ecosystem Features

GameFi offers the most extensive collection of resources to all participants in the booming game finance economy.

Game Aggregator

Access games and gaming assets of any blockchain from a single user dashboard.

Yield Guild

Token holders can finance Play to Earn gameplay through Scholarships and other creative activities.

Game Market

Multi-chain NFT marketplace exclusively for blockchain game items.

Game Launchpad

The only game-specific launchpad, designed to be chain-agnostic.

Minigames

Simple blockchain games to help new crypto adopters get acquainted with NFTs and Play to Earn models.

Auction House

Fair and trustless bidding of rare and valuable in-game items.

GameFi has already gained significant traction, with the collective market capitalization of top games breaking $14 billion. But key opinion leaders in the crypto industry believe there’s a lot more ahead for this new sector, with Tron founder Justin Sun recently stating he believes this new sector will be key to increasing cryptocurrency adoption.

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Dislcaimer

this news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency