GameFi refers to the financialization of video games. It combines elements of decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain technology to create play-to-earn (P2E) gaming ecosystems. Players can earn cryptocurrency or NFTs by participating in games, which can then be traded or used within the game itself. Common uses include earning rewards for completing tasks, battling other players, or owning in-game assets.
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