GameFi Opens New Paths for Financial Inclusion

Posted on by American Coins & Gold

GameFi Opens New Paths for Financial Inclusion
Widespread blockchain technology and cryptocurrency adoption are rapidly advancing blockchain-based gaming. GameFi is the term for the combination of DeFi and gaming, where gamers can earn financial incentives through playing games. By improving their characters and moving up levels, gamers can create value, which, because it’s stored on a  blockchain, is owned by them and not by the game developer.Bitcoin introduced the world to blockchain technology and the concept that people can exchange value from peer to peer without the involvement of any government or bank. The Ethereum blockchain then introduced the concept of smart contracts and decentralized applications.Those innovations…