You’ve heard of DeFi, which is decentralized finance, where lending and borrowing takes place on blockchains. Now, get ready for GameFi, which is essentially incentivized decentralized apps, sometimes referred to as dapps. Imagine earning tokens for incented tasks such as mining resources or winning battles.
Axie Infinity is considered the best example to-date of GameFi’s model, with $564 million in on-blockchain transaction volume in the past 30 days.Dapp Radar
Our takeaway: A great way to earn income and play games. If you’re a gamer, GameFi is definitely worth exploring.
Read More: Bloomberg