GameFi tokens are gaining real momentum as the blockchain industry heads into 2024 on a high, driven by bullish sentiment around the leading cryptocurrency Bitcoin.
There are good reasons to think next year could finally see the industry emerge from a long and dark winter that began in early 2022, and while Bitcoin is likely to lead the charge as always, the blockchain gaming segment holds some real promise too.
The name GameFi is a portmanteau of “gaming” and “finance”, and these tokens are the fuel that powers a new and exciting generation of so-called play-to-earn games, where gamers are not just entertained, but can also earn real value from the hours they spend playing. GameFi tokens can be both traditional crypto and NFTs, and provide a way for games to monetize their activities.
What Are GameFi Tokens For?
These digital assets perform a number of roles in video game ecosystems, acting as utility tokens or functional tools that facilitate transactions for in-game pu
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