[su_dropcap style=”simple” size=”4″]R[/su_dropcap]emember those good old days playing video games thinking this is using up all of my money, and wishing it was the other way around? Wish no more, the days of players making money have arrived. And we’re talking about real money—that can you can use to buy real food and pay your phone and internet bills with. Not just digital in-game money for digital vegetables for your digital avatars.
Welcome to GameFi, one of the fastest growing fields of video game industry in the 21st century.
Back up, you say. What is GameFi? GameFi stands for Game Finance, and it refers to games built on blockchains that offer economic rewards to its players. This is done by players receiving in-game rewards such as crypto coins, virtual assets (land, weapons, costume/skins), and NFTs (non-fungible tokens), by completing quests, battling other players or enemies, and progressing through the game levels. These in-game rewards can then be sold off outside of the game. In this way, players are able to earn cash out of their in-game assets.