GameFi is a relatively new term referring to the intersection of gaming and finance, usually DeFi (decentralized finance)
How can Gaming & Decentralized Finance converge?
A few interesting ways we have seen evidence of GameFi so a far include:
- Play to Earn: Made famous by Axie Infinity and others, play to earn is the most established and popular type of GameFi
- Move to Earn: Think Pokemon Go but pays you in crypto for movement. Upcoming example is Genopets
- Play + Learn to Earn: This combo is upcoming in games like Defi Land