The blockchain gaming eco-system is rapidly evolving with new developments all the time in crypto (play-to-earn), NFTs (digital assets), and social-fi (individual de-fi). On a wider scale, a parallel can be drawn - how Las Vegas was built. At first, there was one bistro with a few slot machines and poker tables. Then more places opened with new games to play, and all winnings … [Read more...] about If You Build It, They Will Come: The Rapid Expansion of GameFi
GameFi
GameFi apps revived interest in blockchain gaming: Huobi Research
Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies the use of decentralized finance (DeFi) and blockchain gaming that incentivizes users based on a play-to-earn model. According to Huobi Research, on-chain data suggests that GameFi initiatives have seen a steep … [Read more...] about GameFi apps revived interest in blockchain gaming: Huobi Research
Why Investors Are Excited About the DeFi-zation of GameFi
YGG is a great example of this. In a blog post this summer, Arianna Simpson, a general partner at Andreessen Horowitz who invests in crypto, wrote about this opportunity in regard to the investment in YGG. “Right now, there is a largely untapped economic opportunity in emerging markets to provide jobs by building a virtual economy in the digital world,” she wrote. “The way we … [Read more...] about Why Investors Are Excited About the DeFi-zation of GameFi
GameFi: How to Earn Crypto Playing Games Online
GameFi is one of the hottest new trends to emerge from the crypto industry, combining decentralized finance (DeFi) and non-fungible tokens (NFTs) with blockchain-based online games.Unlike many traditional online games, which operate on a “pay-to-win” model and allow players to purchase upgrades in order to gain an advantage over others, GameFi introduces a “play-to-earn” model. … [Read more...] about GameFi: How to Earn Crypto Playing Games Online
Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects
Global cryptocurrency exchange Binance has reportedly set up a $200 million fund that will directly invest the company’s stake in the emerging crypto gaming and metaverse sector of the digital space.As per the official blog post, Binance will be collaborating with Hong Kong-based Animoca brands through Binance smart chain $1B growth program.Binance and Animoca Brands to invest … [Read more...] about Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects