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GameFi is on the rise, with more people playing crypto and blockchain-powered games than ever before.
GameFi = P2E = DApp + Token + NFTs (+Metaverse)
How to talk #GameFi like a Pro.
A Thread
1/ What is GameFi?
GameFi is a new way to earn money using blockchain games and build income while doing it, thanks to new P2E, or play to earn games that reward players with valuable tokens and rare NFTs.
2/ GameFi is an emerging video game format powered by blockchain and crypto technology.
Some of the most popular GameFi titles use a P2E, or play to earn, model to reward gamers with in-game currency or tokens that can be sold on exchanges and secondary marketplaces.
3/ GameFi titles are video games that run on a blockchain or cryptocurrency network, which reward players with virtual tokens, items or collectibles that they have verifiable ownership over.
Users can then buy, sell and trade for these items on exchanges and secondary markets.
4/ How To Earn Money From Crypto Gaming?
Players can trade their in-game unlockables and content for the corresponding cryptocurrency, which exists outside of the game. The game tokens have value, as other gamers may want to buy and spend to purchase in-game items.
5/ GameFi Meets NFTs: Explore The Latest In Gamification
In early 2021, P2E, or play to earn games began to incorporate NFTs, a trend that attracted even more players into the space. 6/ With today’s NFT market now worth billions of dollars, P2E games are some of the best use cases for NFTs.
Example: Buying in game NFT characters.
6/ The most popular P2E game as of today are:
Axie Infinity
Gods Unchained
CropBytes
MOBOX
Revv Racing etc.
Thank you!
If you enjoyed it you can check some other Threads too.
GameFi is on the rise, with more people playing crypto and blockchain-powered games than ever before.
GameFi = P2E = DApp + Token + NFTs (+Metaverse)
How to talk #GameFi like a Pro.
A Thread
1/ What is GameFi?
GameFi is a new way to earn money using blockchain games and build income while doing it, thanks to new P2E, or play to earn games that reward players with valuable tokens and rare NFTs.
2/ GameFi is an emerging video game format powered by blockchain and crypto technology.
Some of the most popular GameFi titles use a P2E, or play to earn, model to reward gamers with in-game currency or tokens that can be sold on exchanges and secondary marketplaces.
3/ GameFi titles are video games that run on a blockchain or cryptocurrency network, which reward players with virtual tokens, items or collectibles that they have verifiable ownership over.
Users can then buy, sell and trade for these items on exchanges and secondary markets.
4/ How To Earn Money From Crypto Gaming?
Players can trade their in-game unlockables and content for the corresponding cryptocurrency, which exists outside of the game. The game tokens have value, as other gamers may want to buy and spend to purchase in-game items.
5/ GameFi Meets NFTs: Explore The Latest In Gamification
In early 2021, P2E, or play to earn games began to incorporate NFTs, a trend that attracted even more players into the space. 6/ With today’s NFT market now worth billions of dollars, P2E games are some of the best use cases for NFTs.
Example: Buying in game NFT characters.
6/ The most popular P2E game as of today are:
Axie Infinity
Gods Unchained
CropBytes
MOBOX
Revv Racing etc.
Thank you!
If you enjoyed it you can check some other Threads too.
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