What does gamefi mean?

GameFi, in simple terms, is the realization of money (financial) in the game.

GameFi is a gamified financial concept under the fusion of DeFi and NFT, which is to present financial products in the form of games, gamify the rules of DeFi, NFTize the game props and derivatives, and add the traditional games of battles and socialization, so as to increase the participants' entertaining and interactivity, and to enhance the degree of personal interest in the game.

The types of GameFi are similar to traditional games, mainly including role-playing, virtual space, nurturing combat, multiplayer construction and so on. However, compared with traditional games, GameFi is characterized by:

Firstly, the game is highly decentralized, there is no one company to operate it uniformly, and anyone can take the initiative to participate in the development and construction of the game, even the initial openers of the game don't have the authority to master the development of the game and close the game.

Secondly, the degree of freedom of players is extremely high, players can vote through the game governance tokens, participate in the development and improvement of the game rules.

Third, earn while you play, because the game adds DeFi attributes, players in the process of upgrading and fighting monsters can not only get the fun of the game, but also obtain tokens, equipment, NFT props, etc., which can be sold as assets in the blockchain's NFT platform and trading platform.