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What is GameFi?

  1. INDODAX
  2. General
  3. Understand the Terms

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GameFi is a new genre in the gaming industry that incorporates elements of blockchain, decentralized finance (DeFi), and token economies into gameplay. GameFi allows players to earn rewards of real economic value from their gaming activities.

In general, GameFi games are built using blockchain technology such as Ethereum, Polygon, or BNB Chain. Players can earn rare crypto and NFT rewards as they play and complete quests, which can later be exchanged for crypto or fiat assets.

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