DeFi gaming: A catalyst to mainstream adoption of decentralized finance
Gaming is on track to boost the adoption of DeFi platforms. Here is a look at the latest developments that are pushing the play-to-earn business model. The past few months have seen decentralized finance (DeFi) platforms gain a cult-like following on the backdrop of a bullish cryptocurrency market. That revolution of digital money is now moving into the gaming industry, creating an intersection between DeFi and the gaming experience that experts now predict will play a huge role in the next generation of games. DeFi-focused tokens such as Polkadot (DOT), Solana (SOL) and Chainlink (INK),....
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With over $13 billion currently locked across DeFi protocols, the decentralized financial landscape has been growing at a breakneck speed. The high quest for a non-custodial financial product and marketplace has been instrumental to the astronomical growth in the DeFi (Decentralized Finance) sector. No doubt, the interest that has rallied behind the DeFi protocols has been phenomenal, NFT market has also been on traction in leading mainstream adoption of blockchain technology. Exeedme, a blockchain-powered gaming […]
What do gaming and decentralized finance (DeFi) have in common? On the surface, not a lot: the latter is a crypto movement focused around open access to financial primitives, while the former, incorporating both video gaming and iGaming, is concerned with entertainment. As it transpires, many of the characteristics that make blockchain suited to hosting DeFi applications – transparency; redundancy; trust minimization; verifiable proof – apply equally to gaming, for the purpose of proving that […]
A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption. A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple Lab’s head of DeFi markets Boris Alergant.Alergant nade the comments during a panel at the Blockchain Futurist Conference titled "The Future of Decentralized Finance" on Aug. 9, which was covered by Cointelegraph reporters on the ground in Toronto, Canada. Alongside....
Since the market boom of decentralized finance (DeFi) and non-fungible tokens (NFT) in 2021, there have been a number of conferences and summits designed to grow the industry further and promote mainstream adoption. One of such summits is the Stanford DeFi & NFT Summit 2021. The event was conducted by Pledge Finance, a blockchain-powered, decentralized […]
The gaming industry is going through a massive growth phase, and the play-to-earn model opens new opportunities for blockchain gaming. If you're conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during Bitcoin's (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the bullish mood crypto enthusiasts and stakeholders are in at the moment. And this bullish sentiment is a result of the gaming niche. A lot of people say it's decentralized finance (DeFi) season and I can't....