'An Intro to GameFi: Gaming Meets Decentralized Finance' by getblockio futureofgaming megafansesports
The GameFi concept and ‘game’) was introduced in September 2020 by Andre Cronje, Yearn.Finance core contributors. It’s GameFi when DeFi protocols are empowered with gamification instruments. In-game assets from blockchain-based games are utilized in DeFi-like solutions. In this case, the gaming is a shell while the underlying DeFi protocol is a core element of the project.
On the one hand, GameFi solutions include the software programs that implement gamification instruments in DeFis. In this case, the gaming is a shell while the underlying DeFi protocol is a core element of the project business model. The understanding of GameFi as ‘gamified DeFi’ can be best illustrated by MOBOX ‘play-to-earn’ platform. Like other modern DeFi ecosystems, MOBOX includes modules for a plethora of uses: staking schemes, liquidity pools, yield farming tools, NFT environments, and so on.
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