{"id":762,"date":"2022-04-15T07:11:04","date_gmt":"2022-04-15T07:11:04","guid":{"rendered":"https:\/\/wagmi.tips\/?p=762"},"modified":"2023-01-06T12:04:26","modified_gmt":"2023-01-06T12:04:26","slug":"gamefi","status":"publish","type":"post","link":"https:\/\/wagmi.tips\/guides\/gamefi\/","title":{"rendered":"The Complete Guide To GameFi (Updated 2023)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"762\" class=\"elementor elementor-762\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7576cd66 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7576cd66\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40a40b9c\" data-id=\"40a40b9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61ecf52a elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"61ecf52a\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">The Complete Guide To GameFi (Updated 2023)<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff3ac4b elementor-widget elementor-widget-text-editor\" data-id=\"ff3ac4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\"p1\">Almost everyone has a soft spot for games. Humans all enjoy the rush of competition and earning. A thrill comes with winning, be it a simple mobile game, card game, or more complex ones like those on gaming consoles.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p class=\"p1\">However, imagine if you can somehow play these games and get cash from them? With GameFi, you are capable of turning your hobby into a source of income. What GameFi is mostly about is changing the manner folks engage with gameplay in 2023.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p class=\"p1\">Today, GameFi is among the hottest topics in the cryptocurrency industry. When it comes to getting into this sector, now would be the ideal moment because there are fewer obstacles. It also provides opportunities to study and become a pro.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27496745 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27496745\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bb73b30\" data-id=\"bb73b30\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1dee8b8d elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"1dee8b8d\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/04\/what-is-gamefi-1024x538.jpg\" class=\"attachment-large size-large wp-image-763\" alt=\"what is gamefi\" srcset=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/04\/what-is-gamefi-1024x538.jpg 1024w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/04\/what-is-gamefi-300x158.jpg 300w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/04\/what-is-gamefi-768x403.jpg 768w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/04\/what-is-gamefi.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b1cded elementor-widget elementor-widget-table-of-contents\" data-id=\"4b1cded\" data-element_type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-table-of-contents .elementor-toc__header-title{color:var(--header-color)}.elementor-widget-table-of-contents.elementor-toc--collapsed .elementor-toc__toggle-button--collapse,.elementor-widget-table-of-contents:not(.elementor-toc--collapsed) .elementor-toc__toggle-button--expand{display:none}.elementor-widget-table-of-contents .elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid 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.elementor-toc__list-wrapper{margin-top:.5em;margin-left:var(--nested-list-indent,1em)}.elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}.elementor-toc__list-item-text-wrapper{display:flex;align-items:center}.elementor-toc__list-item-text-wrapper:before,.elementor-toc__list-item-text-wrapper i{margin-right:8px;color:var(--marker-color)}.elementor-toc__list-item-text-wrapper svg{margin-right:8px;fill:var(--marker-color);height:var(--marker-size,.5em);width:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper i{font-size:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper:before{font-size:var(--marker-size,1em)}.elementor-toc--content-ellipsis .elementor-toc__list-item-text{white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapper{display:none}.elementor-toc__heading-anchor{position:absolute}.elementor-toc__body .elementor-toc__list-item-text{color:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration)}.elementor-toc__body .elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__body .elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}ol.elementor-toc__list-wrapper{counter-reset:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__4b1cded\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74484e29 elementor-widget elementor-widget-heading\" data-id=\"74484e29\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is GameFi?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bb79723 elementor-widget elementor-widget-text-editor\" data-id=\"4bb79723\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Gaming and finance are combined uniquely to create the term GameFi. There are many applications, but the most common use pertains to gameplay that allows participants to win money by playing them.<\/p>\n<p class=\"p1\">To form a unique online gaming experience, the GameFi platform utilises digital currencies (cryptocurrency), NFTs (Non-fungible tokens), and blockchain-based technology.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p class=\"p1\">It is common for gamers to be rewarded for task completion, competing with other players, and making significant advancements to unlock gaming items through the various game levels.<\/p>\n<p class=\"p1\">Players can even sell their commodities beyond their games on cryptocurrency trading and NFT platforms.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-992be44 elementor-widget elementor-widget-heading\" data-id=\"992be44\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GameFi's origins and development<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d39e21 elementor-widget elementor-widget-text-editor\" data-id=\"5d39e21\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">GameFi was born out of the circumstances that impeded the growth of the Ethereum-based NFT (Non-fungible token) trend CryptoKitties.<\/p><p class=\"p1\">As CryptoKitties peaked at 14,914 consumers per day, the NFTs market experienced a huge boom. The NFTs&#8217; progress saturated the Ethereum blockchain, leading to high transaction costs and delayed transaction confirmation periods.<\/p><p class=\"p1\">Ever since, programmers have shifted to newer blockchain technology that boasts significantly faster rates, better stability, and lower fees.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">With the advent of DeFi (Decentralised finance)networks, innovative blockchain technology and financial services that operate effectively on smart contracts, debuted. Tokens could be traded, lent, or staked in the form of virtual currency through this system.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d10caac elementor-widget elementor-widget-heading\" data-id=\"d10caac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are popular GameFi platforms?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c51517 elementor-widget elementor-widget-text-editor\" data-id=\"8c51517\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Here are some of the most popular GameFi \/ Play-To-Earn platforms:<\/p>\n<ul>\n<li><a href=\"https:\/\/axieinfinity.com\/\">Axie Infinity<\/a><\/li>\n<li><a href=\"https:\/\/www.sandbox.game\/en\/\">The Sandbox<\/a><br><\/li>\n<li><a href=\"https:\/\/www.aavegotchi.com\/\">Aavegotchi<\/a><br><\/li><li><a href=\"https:\/\/embersword.com\/\">Embersword<\/a><\/li>\n<li><a href=\"https:\/\/www.illuvium.io\/\">Iluvium<\/a><\/li><\/ul>\n<p><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d939bf elementor-widget elementor-widget-heading\" data-id=\"4d939bf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the mechanics of a GameFi game?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6e2c45 elementor-widget elementor-widget-text-editor\" data-id=\"f6e2c45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">A wide variety of GameFi games are available today. There are numerous ways for players to make money from their games.\u00a0<span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text );\">Nevertheless, there are still a few crucial points to keep in mind. A handful of the most recent trendiest blockchain games utilise these elements to generate revenue:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7ba630 elementor-widget elementor-widget-heading\" data-id=\"c7ba630\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1) Play-to-earn<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d2897c elementor-widget elementor-widget-text-editor\" data-id=\"0d2897c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">It&#8217;s the play-to-earn concept that drives everything done at GameFi. This method encourages gamers to spend more than just their time and energy on their games.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">The completion of gameplay goals in certain blockchain games can earn gamers money. A smart contract holds a contingency fund of tokens used to pay out the rewards.<\/p><p class=\"p1\">The Ethereum-based game, known as <a href=\"https:\/\/axieinfinity.com\/\">Axie Infinity<\/a>, has a section of the game designated to reward players who engage in certain habits, such as:<\/p><ul class=\"ul1\"><li class=\"li1\">Completing missions.<\/li><li class=\"li1\">Achieving success in competitions and wars<\/li><li class=\"li1\">Taking care of your garden<\/li><li class=\"li1\">Using the Axie Infinity trading platform<\/li><li class=\"li1\">Axies being bred<\/li><\/ul><p class=\"p1\">Gaming experiences of the future motivate gamers to take ownership of their crypto assets.<\/p><p class=\"p1\">The play-to-earn concept does not really make it absolutely necessary for compromise in the gaming space. However, it guarantees that gamers have extra ways to make cash.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f01cb32 elementor-widget elementor-widget-heading\" data-id=\"f01cb32\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2) Possession of assets<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72da0a8 elementor-widget elementor-widget-text-editor\" data-id=\"72da0a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Possessing rare virtual currencies is at the heart of several blockchain games these days. Bitcoin used the blockchain to adopt digital exclusivity, and NFT technology improved that phenomenon.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">NFTs can depict a range of resources, both real and virtual, including gaming goods and tools.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">Digital possession of special and rare goods opens up previously unimaginable commercial potential. For example, in the games CryptoKitties and Axie Infinity,<span class=\"Apple-converted-space\">\u00a0 <\/span>users can mix two NFT-based monsters to generate a new monster. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">They can then use this new asset to take advantage of a game&#8217;s playing and earning features, purchase, or even decide to rent it to other game players.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">The earnings are then divided between the asset owner and the person who borrows it.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">Online virtual worlds allow their occupants to monetise their labour through asset ownership, despite not being video games in the truest sense.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa645a0 elementor-widget elementor-widget-heading\" data-id=\"aa645a0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3) Applications for DeFi<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c5ce17 elementor-widget elementor-widget-text-editor\" data-id=\"8c5ce17\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">There are several DeFi services and options available in most GameFi initiatives. Gamers can often use gaming reward points to acquire incentives, acquire unique items, or get access to different gaming stages.<\/p><p class=\"p1\">DeFi features can also help decentralise cryptocurrency gaming. Unlike typical game studios, which have centralised authority over game modifications, many GameFi initiatives let users take part in decision-making processes.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f02add3 elementor-widget elementor-widget-heading\" data-id=\"f02add3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to start playing blockchain games<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4f8052 elementor-widget elementor-widget-text-editor\" data-id=\"a4f8052\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">It&#8217;s impossible to generalise about blockchain games. As a result, this article will offer broad advice on beginning with GameFi. It is suggested you review the game&#8217;s manual for more in-depth assistance.<\/p><p><b><span style=\"font-style: inherit; color: var( --e-global-color-text );\">1) A web 3.0 wallet should be created<\/span><br \/><\/b><\/p><p class=\"p1\">All the blockchain games don&#8217;t use a typical user ID login and generic method. Web 3.0 wallets are used for account creation and to log in to the the game instead of creating a regular account.<\/p><p class=\"p1\">The wallet needed to participate in a game will vary on the platform it is played on. You&#8217;ll need an Ethereum-compatible Web 3.0 wallet like OKX Wallet or <a href=\"https:\/\/wagmi.tips\/guides\/metamask-security-tips\/\">Metamask<\/a> to play Axie Infinity.<\/p><p><b><span style=\"font-style: inherit; color: var( --e-global-color-text );\">2) To play, you will have to obtain any necessary resources<\/span><br \/><\/b><\/p><p class=\"p1\">You must own several or more gaming products to play several blockchain games.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p class=\"p1\">For instance, to play Axie Infinity, you&#8217;ll need a minimum of three Axies in your Web 3.0 wallet to get started. A digital currency may be required in some other games. Many of these currencies are available for purchase on or within the game itself.<\/p><p><b><span style=\"font-style: inherit; color: var( --e-global-color-text );\">3) Login using your Web<\/span><span class=\"Apple-converted-space\" style=\"font-style: inherit; color: var( --e-global-color-text );\">\u00a0<\/span><span style=\"font-style: inherit; color: var( --e-global-color-text );\">3.0 wallet<\/span><br \/><\/b><\/p><p class=\"p1\">You can play the majority of the world&#8217;s most common GameFi games right from your browser. If you want to play some games, you&#8217;ll have to use the Web 3.0 wallet you generated beforehand.<\/p><p class=\"p1\">Search for a &#8220;Link Your Wallet&#8221; button on the game&#8217;s official website to complete this process. To complete the transaction, the wallet will request your signature. You only have to validate your identity by pressing the Sign button provided by the wallet.<\/p><p class=\"p3\">When your account is linked to your Web 3.0 wallet, you&#8217;ll constantly be aware of all of your achievements. Based on their compatibility, there&#8217;s also the option to utilise your product collection to play these games.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d4036c elementor-widget elementor-widget-heading\" data-id=\"9d4036c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d94287 elementor-widget elementor-widget-text-editor\" data-id=\"1d94287\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">GameFi is a great way to earn money while playing games. Who says you can&#8217;t mix business with pleasure? GameFi gives folks a unique gaming experience.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b80cb9 elementor-widget elementor-widget-html\" data-id=\"6b80cb9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is GameFi?\u200b\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gaming and finance are combined uniquely to create the term GameFi. There are many applications, but the most common use pertains to gameplay that allows participants to win money by playing them.\"}},{\"@type\":\"Question\",\"name\":\"What are popular GameFi platforms?\u200b\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Here are some of the most popular GameFi \/ Play-To-Earn platforms:\\nAxie Infinity\\nThe Sandbox\\nAavegotchi\\nEmbersword\\nIluvium\"}},{\"@type\":\"Question\",\"name\":\"How to start playing blockchain games\u200b?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It's impossible to generalise about blockchain games. As a result, this article will offer broad advice on beginning with GameFi. It is suggested you review the game's manual for more in-depth assistance.\\n\\n1) A web 3.0 wallet should be created\\n\\nAll the blockchain games don't use a typical user ID login and generic method. Web 3.0 wallets are used for account creation and to log in to the the game instead of creating a regular account.\\n\\nThe wallet needed to participate in a game will vary on the platform it is played on. You'll need an Ethereum-compatible Web 3.0 wallet like OKX Wallet or Metamask to play Axie Infinity.\\n\\n2) To play, you will have to obtain any necessary resources\\n\\nYou must own several or more gaming products to play several blockchain games. \\n\\nFor instance, to play Axie Infinity, you'll need a minimum of three Axies in your Web 3.0 wallet to get started. A digital currency may be required in some other games. Many of these currencies are available for purchase on or within the game itself.\\n\\n3) Login using your Web 3.0 wallet\\n\\nYou can play the majority of the world's most common GameFi games right from your browser. If you want to play some games, you'll have to use the Web 3.0 wallet you generated beforehand.\\n\\nSearch for a \\\"Link Your Wallet\\\" button on the game's official website to complete this process. To complete the transaction, the wallet will request your signature. You only have to validate your identity by pressing the Sign button provided by the wallet.\\n\\nWhen your account is linked to your Web 3.0 wallet, you'll constantly be aware of all of your achievements. Based on their compatibility, there's also the option to utilise your product collection to play these game\"}}]}<\/script><!--FAQPage Code Generated by https:\/\/saijogeorge.com\/json-ld-schema-generator\/faq\/-->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-556a63f0\" data-id=\"556a63f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What is GameFi? GameFi has taken the Web3 world by storm. Read on to learn to learn about its history, mechanics, and how to start playing blockchain games. <\/p>\n","protected":false},"author":2,"featured_media":763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[99,100,101,98,97],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Complete Guide To GameFi (Updated 2023)<\/title>\n<meta name=\"description\" content=\"What is GameFi? 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