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    Vikshita Vitthal Gujaran in OBOSWAP

    06-Jan-2023 05:08 AM


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    What is GameFi ? How does it work?

    GameFi refers to play-to-earn blockchain games that offer economic incentives to players.
    Make sure you understand how the game works and who is behind the project before getting into a P2E game.
    Apart from buying and selling Axies, players can lend their Axies to other players, which gives owners an opportunity to earn without playing the game.
    There are some blockchain games that use virtual tokens rather than crypto or NFTs, but players should still be able to convert their in-game assets into NFTs if they wish.
    Check the requirements to play Most GameFi projects will require you to purchase their cryptocurrency token or in-game NFTs to get started.
    As blockchain technology continues to develop, the GameFi growing trend is expected to continue at a fast pace.

    Source - https://academy.binance.com/en/articles/what-is-gamefi-and-how-does-it-work?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

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