- GameFi and NFT: The two most interesting and potential things in blockchain. It continues to pave the way and creating a foundation ripe for innovation in future technology.
Kuala Lumpur City, 25th Oct 2021, ZEXPRWIRE, GameFi is one of the hottest topics in the cryptocurrency industry right now. Blockchain gaming looks poised to disrupt the $175 billion global video games market. Titles like Axie Infinity and its more than $1 billion in total in-game asset sales have piqued the traditional gaming industry’s interest — we’re now seeing giants like Ubisoft entering the GameFi sector.
GameFi (Malaysia) is the first Blockchain platform specializing in GameFi, Non-Fungible Token (NFT)and Metaverse technology. The platform features a diverse technologies, courses and resources with the coverage of GameFi, Play-to-Earn, NFT, Data Science and Metaverse.
GameFi, is the combination of Gaming and (Decentralized) Finance, a play-to-earn model operates under the concept of financial incentives being reward through gameplay and progress through games. The earning mechanics may vary including reward players with crypto for completing in-game tasks. Others may incorporate DeFi features, letting player earn crypto as yield on assets they own in the game. Some blockchain games may earn NFTs, which can then trade on secondary marketplace, outside the game.
Players can gain earning potential by devoting time leveling up and enhancing their NFT characters, with all the data being stored in the blockchain. Due to this technology framework, players contained the freedom and benefits to own all their assets. All the in-game assets and tokens are still in their possession even when the server is turned off. For this reasons, blockchain games are more than entertainment. They allow users to earn real money while playing.
“With GameFi, gamers are supplied infinite potentialities to generate revenue from in-game actions and many benefits. GameFi unlocked the world of GameFi and provides infinite alternative to create a brand new universe, “ said Sean Leong, The CEO and founder of GameFi Sdn Bhd.
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