GameFi is a new genre of games using blockchain technology where players can obtain NFTs that they can actually own. GameFi is characterized by giving rewards for activities in the game, and players can use their own ideas to increase their assets. Additionally, NFTs can be traded and exchanged outside the game, allowing players to actually utilize their assets.
Play to Earn
Play-to-earn games are games where players can earn monetary rewards by trading tokens they have obtained in the game. This is made possible by blockchain technology and the use of tokenomics, which allows for players to be rewarded in the game. Examples of such games include Axie Infinity and Alien Worlds, where players can earn real money by trading the tokens they have obtained in the game. Play-to-earn games can be appealing to players interested in cryptocurrency and blockchain technology, but it is important to consider the game’s economics and gameplay. Previous blockchain games had weak gameplay in comparison to the potential for profits, but in recent years, more games with better gameplay have been developed.
“Element Knight Online – Metaverse x NFT Project” is a next-generation game that combines online RPG and metaverse elements, and is called a GameFi or Play-to-earn game. In this game, anyone can easily start playing for free on their smartphones or PCs, and can resell items obtained in the game on NFT marketplaces, buy the rights to sell costumes and items they created themselves, and communicate with people from all over the world. Because this game uses NFT (Non-Fungible Token) technology, game items are unique and can be traded for actual money. Additionally, players can also use items obtained in the game to generate profits.