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GameFi
GameFi refers to the intersection of blockchain technology and gaming. It is a concept that aims to create a new decentralized (DeFi) gaming ecosystem that uses blockchain technology to create more engaging and rewarding gaming experiences.
GameFi can include a variety of different use cases, such as in-game item ownership, player-owned economies, play-to-earn in metaverse, and decentralized game development. It can also include the use of non-fungible tokens (NFTs) to represent in-game assets that can be bought, sold and traded on the blockchain.
The main goal is to create a more transparent, fair and secure gaming environment, where players can truly own their in-game assets and can have more control over their gaming experience.
Discover other #Advanced terms in DEXTool's Crypto Glossary
ETF (Exchange-Traded Fund) Stock-to-flow WAGMI NGMI Wash Trading Hedging Bearwhale Apes Laser Eyes Shilling Bagholder Layer 1 DEG (Decentralized Ecosystem Governance) Permissionless development Cross-chain Stop Loss TVL (Total Value Locked) Miner Extractable Value (MEV) TPS (Transaction per second) Total exchange volume