# "CRYPTO INVADING GAMING WORLD"

**Published by:** [SandWormFun](https://paragraph.com/@sandwormfun/)
**Published on:** 2022-03-29
**URL:** https://paragraph.com/@sandwormfun/crypto-invading-gaming-world

## Content

As far as you can see in our modern world there is a lot of games are coming out and lots of people also playing the game. But in this previous year crypto also now invading the gaming world. And one of the hottest thing in the cyrptocurrency world right now is GAMEFI. So before we continue let’s first to know a little bit history about this GAMEFI. ORIGIN OF GAMEFIGamefi started at China. When? November 2019 at the Wuzhen World Blockhain Conference when the founders of MixMarvel who publishing platform that involves blockchain. They talked about how the cyrptocurrencies could revolutionize the video gaming industry.While on the other hand the term was first used by Yearn co- founder Andre Cronje in a September 2020 tweet. Over the years, the term “GAMEFI” has become more popular for describing games with financial elements that is enabled by block chain technology. Also Amazon Game Studios started GameFi in 2013 as part of its effort to create new digital entertainment products. In 2014, GameFi released several experimental games created by Amazon Game Studios, including Tales from Deep Space, Cat Fling, and Toontown Rewritten. GameFi also helped design Crossy Road, which became one of the best-selling iOS apps that year. In short not only those companies start to use the technology of GAMEFI. There is also some electornics companies start to use it to be part of there business. They already think that cyprotcurrency can help the gaming industry not just by playing but also by earning a money and enable the block chain technology. **Gamefi means and how it affects the gaming world** It’s obviously a two words that combine together as one. Game + Fi = GameFi which means that “Gaming” and “finance” combined together. As far as you can observed there is a lots of games nowadays that is connected with the block chain network and using some token to work it out. GameFi is a decentralized platform that allows gamers to participate in the game economy. As a gamer, you can receive GameFi tokens to put up your in-game assets on the blockchain and provide info through surveys to publishers and developers. All transactions will be done using tokens, allowing gamers and developers to spend their currencies within the GameFi ecosystem.The gamification of financial systems to create profit from playing play-to-earn crypto games. CoinMarketCap also takes a deep dive into GameFi, a hub of blockchain game finance that features yield guilds, a game aggregator, and a gaming accelerator and launchpad. GameFi, like every other blockchain-based trend, has begun to shake up the traditional online gaming industry. Combining DeFi, NFTs and blockchain technology elements, GameFi is changing online gaming as we know it. GameFi projects assume different forms, but most of the popular crypto and NFT games share features which set them apart from traditional online games.GAMEFI GROWTHGameFi is rapidly growing, and the collective market capitalization of leading blockchain games has topped $14 billion. But given the massive size of the gaming industry, the total addressable market offers even greater opportunities for growth. With the runaway success of crypto games like Axie Infinity and CropBytes, the future of GameFi seems bright. With many more GameFi games in the works, newer innovations are to be expected. Some of the crypto gaming projects currently under development include:Star AtlasGuild of Guardians *The SandboxHashlandThese newer games will unlock even more opportunities for gamified profit and a feature-rich gaming experience. There is more. Gaming platforms like MOBOX are being designed to allow individuals to build their own NFTs and games with interoperability capabilities. The platform also features DeFi functionalities such as staking and liquidity pools, enabling gamers to generate income from their assets. This income can then be used to buy in-game upgrades or generate keys to unlock new NFTs. To be continued… Tiktok: https://www.tiktok.com/@sandwormfun?lang=en Discord: https://discord.gg/gDf4PUtF Twitter: https://twitter.com/sandwormfun Facebook: https://www.facebook.com/SandWormFun

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