Play and Earn: How the GameFi Industry Will Change the World of Traditional F...

Play and Earn: How the GameFi Industry Will Change the World of Traditional F...

The GameFi sector continues to rapidly evolve and reshape the world of traditional finance. And if earlier the main tools for making money on cryptocurrencies were trading and investments, today you can get a reward in cryptocurrency for completing tasks in a computer game. How GameFi works today and what the sector will face in […]


Related News

Introducing Squidanomics, The Next-Gen Play-to-Earn Ecosystem

The blockchain is fast spreading its “tentacles” to different consumer sectors, and adoption is at break-neck speed. Over the last decade, the revolutionary technology has proven to be worth its weight in gold, with many applications within and beyond the world of (decentralized) finance. One of the industries getting disrupted by decentralized finance in recent times is the gaming industry. GameFi is the new buzz in the cryptocurrency industry. By bringing together DeFi, NFTs, and the practical application of blockchain technology to the gaming industry. There is currently a paradigm....

A Deep Dive Into Era7: Game Of Truth, a Play-To-Earn NFT Trading Card Game

Era7’s ‘Game Of Truth’ joins GameFi and offers players mildly competitive entertainment that provides an avenue to earn. Blockchain technology is quickly redefining the gaming industry by introducing an  economic incentive model. Presently, the metaverse is an industry estimated to be valued at a USD 300 bn market cap by 2025. As the industry continues to expand, play-to-earn games like Era7 have taken center stage, bringing new and interesting innovations to the gaming sector. Era7 is a gaming platform built on the Binance Smart Chain (BSC) that blends TCG (trading card gaming) with....

DIG Invests Heavily in the Metaverse

Decentralised Investment Group (DIG) is a Dubai-based company that believes in the power of the blockchain to transform lives. In line with this goal, the company is committed to making impactful investments in the blockchain space, including the GameFi sector. They aim to embrace decentralisation in all possible ways, making it ubiquitous whilst integrating it into every single aspect of the world. Ultimately, this will change the fabric of society. GameFi Investments Just a few years ago, the metaverse was a concept that only existed in science fiction books. However, modern technology,....

GameFi apps revived interest in blockchain gaming: Huobi Research

GameFi initiatives have seen a steep increase since June 2021, owing to a sizable reduction in transaction costs and improved user experience. Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies the use of decentralized finance (DeFi) and blockchain gaming that incentivizes users based on a play-to-earn model. According to Huobi Research, on-chain data suggests that GameFi initiatives have seen a steep increase since June 2021, owing to a sizable reduction in transaction costs....

NFT, GameFi and the BSC — An NFT Collection Designed for Success

When NFT giants such as CryptoPunks first launched, they could not imagine the connection between NFT’s and GameFi and focused on their sole collection of Punks. In Q3, NFT sales amounted to over $10.7 billion, which was partially due to an increase in the amount of creative and unique collections, as well as technological innovations, such as the integration with GameFi. For those that do not yet know — An NFT is a Non-Fungible Token, such as digital artwork, that cannot be replaced with something else, as it is non-fungible. GameFi represents a mix of decentralized finance (DeFi) and....