What is GameFi ?

🤖Blockchain games are rapidly gaining popularity. Thus, there are already several games being played on the DecimalChain blockchain right now and several more in development (https://t.me/fur_and_fury_nft_ru).

GameFi, by analogy with DeFi, consists of two words game and finance. The first games of this kind appeared back in 2013, but the growth in popularity occurred this year

How does it work?

🕹️In blockchain games, characters and significant in-game items represent NFT. Players can create new unique characters, upgrade them, sell or buy. Payments are processed with the cryptocurrency of the platform on which the game is based.

💵The internal tokens of popular games have already gone beyond their platforms and are traded on cryptocurrency exchanges, and some are even accepted in regular stores (there was such a precedent in the Philippines)

📱The GameFi industry is gaining momentum due to the rapid development of decentralized platforms like DecimalChain and gaming. NFT technology has also contributed to the development of this field and now investors make profit selling unique characters, weapons, artifacts, etc. Moreover, in many GameFi projects, the cost of characters and, accordingly, internal tokens is also growing rapidly. Most recently, the game “Fur & Fury” was announced on DecimalChain and the embryos of gaming bears were sold for 250 DEL, and today they are on display at nft.bit.team for 2500 DEL.

🎮How to start playing?

💳To register in a blockchain-based game, a crypto wallet is required. Since most GameFi platforms adhere to the principle of Play-to-Earn (play and earn). When choosing a GameFi project, you should pay attention to the company’s marketing strategy and technological component. If the game is actively promoted on the network, then the number of users will increase, and after that the cost of internal tokens.

📲Where is the GameFi industry heading?

👥Advanced players have been making money for a long time by selling characters, weapons and other in-game items. However, previously, third-party platforms were used for this. Now everything can be done without leaving the game.

💸There are resources that you can enter with your upgraded NFT character and compete with heroes from other games. There are whole virtual markets where you can sell or buy everything you need for a character.

Even now when asking the question: “What do you do?” You can often hear: “I`m a gamer”.