How It Works

How GameFi Works

GameFi is the intersection of the gaming industry with decentralized finance (DeFi). Here we explain the basic concepts and mechanics.

What is GameFi?

GameFi are games built on blockchain technology where players can earn real value for their in-game activity. Unlike traditional games where all assets belong to developers, in GameFi players are true owners of their gaming items.

Play-to-Earn Model

In the classic "play-to-earn" model, players receive tokens for completing game tasks, winning battles, or achieving specific goals. These tokens can be exchanged for cryptocurrency on exchanges.

NFTs in Games

Non-fungible tokens (NFTs) represent unique game assets — characters, weapons, skins, land. Thanks to the blockchain, they can be bought, sold, and transferred to other players outside the game.

How to Get Started

1. Create a crypto wallet: MetaMask, Phantom, or another wallet compatible with the game's blockchain.
2. Buy cryptocurrency: Fund your wallet with ETH, SOL, or another required cryptocurrency.
3. Connect to the game: Link your wallet with the gaming platform.
4. Start playing: Complete tasks, earn tokens and NFTs.

GameFi Economy

Each GameFi game has its own token economy. There are usually two types of tokens: governance tokens (for voting) and reward tokens (for earning). The balance between supply and demand determines token value.