What is GameFi?
GameFi is a combination of "game" and "finance," referring to blockchain games that allow players to earn money. GameFi uses blockchain technology and non-fungible tokens (NFTs) to create a gaming environment where players can earn rewards by completing tasks or battling other players. These rewards are typically in the form of cryptocurrency or in-game assets such as virtual land and items, which can be traded on cryptocurrency exchanges or NFT marketplaces.

How GameFi Works
GameFi operates based on the unique models and economies of each game. In-game assets are often tradable NFTs that provide benefits or aesthetic enhancements for players. Rewards can be earned by completing tasks, engaging in battles, or building structures. Some games also allow players to generate passive income through staking or lending their in-game assets.