Gamefi combines game and money but uses blockchain technology. Players gain credit for tasks that may be done in-game. This is how P2E can earn money and become successful later on.
Non-fungible tokens (NFTs), virtual land, avatars, reward, and governance tokens are just a few examples of in-game assets. Triplea network will reach 320 million cryptocurrency owners, generating a massive crypto gaming market worth $321 million.
About 42 million crypto owners, and 38% are millennials between 21 and 36. Girlfriends have been hard in the past. Axie Infinity recorded a peak of 2.7 million daily active users in November 2021.
Gamers’ cash was among the US $600 million stolen by hackers in March 2022 due to a Ronin Network security breach. GameFi is a big thing and is being watched by governments worldwide regarding regulation and taxation. Games and devices are helping to speed up crypto adoption and remain in the crypto ecosystem.
