# Game + Finance = GameFi? By [lazyHeron4](https://paragraph.com/@lazyheron4) · 2022-05-05 --- GameFi, the latest trend? This is a unique concept, which combines finance and gaming. Gaming can allow gamers to earn part of game development dividends. Axie Incentive and Bombermine, are currently the most played games on GameFi. While these games are not blockchain games, they do have financial elements. However, the developers of these games have not released the statistics behind their numbers yet. As for the future of GameFi, this concept has been gaining traction in various game projects. It has been touted as a way for gamers to generate passive income from gaming. You can get rewards and interest each year by stake assets. These rewards are used to unlock higher levels and purchase in-game merchandise. You can borrow loans by collateralizing your assets. This allows gamers to participate in the decisions about their games’ ecosystems, which could ultimately result in huge profits for developers. Although the industry has moved on a lot since its inception, GameFi is still at its very early stage. Web3 Gaming and Blockchain Gaming are flourishing, with a variety of income streams. With these diverse platforms, players are able to enjoy a variety of gaming experiences. GameFi has become more diverse than other gaming platforms. The rise of the cryptocurrency market has brought an opportunity for new players to make money while playing their favourite games. GameFi, a new type of cryptocurrency that is rapidly growing in popularity. GameFi is a blockchain-based platform that allows gamers to make real money from in-game purchases. How does that translate in practice? It’s very simple. The answer is a mixture of finance and gaming. The GameFi universe has grown exponentially in the past few years. The concept is similar to DeFi but applies to games that have economic ecosystems. It is expected that the game industry will continue to grow. The game market has always been an illiquid place, and this trend hasn’t changed. Regardless of how big GameFi is, it’s clearly here to stay. While most of the GameFi games can be downloaded for free, starter items can be purchased and earned cryptocurrency. Gamers can then play the game for a while and start earning NFTs. This is cryptocurrency. Although many gamers are able to make money from the game, the transaction fees in the game can prove prohibitive. Therefore, it’s important to know how to choose the right platform for you. While it’s not clear if GameFi will surpass DeFi anytime soon, it’s still growing rapidly. The initial volume of transactions has reached over $500 million in 2021. Although it has seen a rapid increase in transactions, this number is still not high enough to sustain the business. GameFi may not be the next big thing but it is certainly worth looking at. This is the next logical move, the first step to becoming the next big thing. The popularity of it isn’t just limited to online games. This is a good place to develop crypto-based gaming. Important to remember that games must first be built before they can be released. Developers must make sure that they have the permissions necessary to allow the game to be run. In the meantime, a game must comply with regulations to be profitable. GameFi’s DAO lets token holders vote on gaming-related proposals. These proposals generally have a financial effect. To become a member of the GameFi DAO, a user must own the project’s governance token. This means that the voting power is directly proportional to how many tokens an individual owns. You can, for example, earn a passive interest in virtual lands by growing digital crops and mining them. You can also use this method in decentralized applications. I will explain further about DAO in my next article… --- *Originally published on [lazyHeron4](https://paragraph.com/@lazyheron4/game-finance-gamefi)*