Defi-Gamefi answers the question – What is Gamefi, a blockchain-powered gaming marketplace?

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Santa Clarita, California –

Defi-Gamefi.com, a website that advises gamers on exciting new ways to make money playing games in the metaverse, has published an article and an accompanying YouTube video discussing GameFi, a new video game marketplace that is being launched the power of blockchain technology combined with digital games.

Blockchain, a technology that uses a trust-based system to record every transaction on a public ledger, has proven extremely useful across a wide range of industries and technological fields. Cryptocurrencies are based on blockchain technology and the pace at which they have been adopted around the world is a testament to the endurance of blockchain. Gaming isn’t left untouched either, as innovative game developers find new ways to apply the capabilities offered by the blockchain to create brand new player experiences and get them more invested in their games. Some outstanding examples of games that have successfully integrated blockchain-based technologies into their core game and found a sizeable audience are Axie Infinity, Decentraland, Alien Worlds, Farmers World, and more.

The Defi-Gamefi.com article then highlights GameFi, a decentralized platform founded in August 2021 for the sale and distribution of digital games based on blockchain technology Games, Guilds and Metaverses.” GameFi is powered by the Ethereum network , which allows it to support thousands of transactions per second. GameFi supports games in a variety of categories such as Strategy/Tactics, Roleplaying/RPG, Sports, Mobile, PC Gaming and Virtual Reality.

GameFi offers game developers a new way to make money and grow their user base through the platform’s in-game cryptocurrency called GAFI. At the time of writing, GAFI has a market cap of $32.2 million. The article also talks briefly about the meaning behind the name “GameFi,” which derives from gamification, the art of shaping behavior through specific goals to encourage engagement in an otherwise boring experience.

GameFi offers all the features that gamers have come to expect from a modern digital storefront, such as searching for games, browsing through lists, browsing games that other users have added to their profiles, and buying the game directly from the developer. Other components of the GameFi ecosystem include GameFi Hub, a listings site of the industry’s most creative blockchain games, where gamers, investors, and retailers can get in-depth information about their game modes, game studios, white papers, tokenomics, as well as upcoming IGO events, GameFi Marketplace, a place for everyone to track and trade items, crates and virtual lands from various collections of game finance projects updated in real-time; and GameFi Earn, a one-stop service that allows users to earn interest on crypto savings that various ways of funds, including flexible and fixed pools with competitive interest rates.

GameFi also offers a “rewards system” to incentivize the growth of the platform and encourage the adoption of the GAFI cryptocurrency. The rewards system consists of three components – an activity rank that users earn through use of the GameFi platform, a reward rate that is the percentage of the activity rank they are allowed to earn each day, and a reward tier that is based on the user’s personal worth Settings and is publicly available for other users to see and approve.

The article then goes into detail about the pros and cons of the GameFi platform, providing an objective and unbiased review of the pros and cons from the perspective of gamers considering using it. The GameFi platform is very alluring due to its high player adoption, low transaction fees, ease of use, easy refunds due to the blockchain’s public ledger, wide variety of games on offer, and active community constantly interacting and sharing ideas. However, Raul Meza, the author, also notes that the in-game token GAFI restricts the types of games available to users, points out that there aren’t many mobile games on the platform currently, and bemoans it Lack of a referral program to earn GAFI.

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For more information about Defi-gamefi.com contact the company here:

defi-gamefi.com
Raul Mesa
8554243007
[email protected]
18283 Arial Way Santa Clarita, Ca 91350

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