07/04/2024
👽 What is GameFi?
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In simple terms, GameFi is a combination of video games and finance, where cryptocurrency, blockchain technology, and NFTs are integrated into a video game.
This video game provides players with various means to earn money for simply spending time in the game.
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✨Key Concepts of GameFi.
· Play To Earn (P2E).
Unlike traditional games where developers are the rightful owners of in-game assets, P2E gives players full control and the right to earn money using them.
Thus, users can receive rewards for completing various in-game tasks. Often, only minimal investments are needed to start earning.
· Asset Ownership.
Users can own in-game assets that enrich the entire process. Types of these assets can include skins, weapons, skill points, and other components.
Everyone can monetize in-game assets, for example, by renting them out or selling them for profit.
· DeFi Integration.
Some projects provide opportunities for passive income from gaming.
For example, you can stake your in-game assets and earn a percentage over time (similar to a bank deposit).
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In GameFi, many users earn thousands of dollars. The gaming industry in web3 is just emerging, but it already has more advantages than regular games.
✨ Some earning cases:
· Plants vs Undead – a game with plant cultivation. With an investment of $50, you could have earned $1,000+.
· BigTime – earnings depended on your investment. If you invested $500 on average, you could have earned $2,000.
· ZeeVerse – simply spending time in game and character leveling could have brought you $400.
· SandBox – completing quests in the game could have earned you $500.
It all depends on your time and effort. We provided the figures for one account.
If you're interested in GameFi, it's better to spend time here to make money.
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Many of you have played Notcoin, which also falls under GameFi category. It made a huge impact and provided an opportunity to earn just by clicking the screen.
Follow us, and we'll give you even more opportunities!
