👋Hey Nimbus Community,

We’re living in a new era of the gaming world, and it’s all because of a groundbreaking concept ✨GameFi✨

Gamers everywhere can now turn their passion into a highly lucrative activity and actually play games for a living. How is that possible?

GameFi is one of the huge leaps forward brought by the emerging Web3. It’s all right there in the name – a mixture of gaming and decentralized finance. This one is particularly inspired by the many new cryptocurrency use cases, as it touches a sector driven by intense passion.

The concept is simple – You can make money while playing in a new token-based economy that includes multiple yield-generating DeFi products. Also known as play-to-earn blockchain games, GameFi has been on a steeply ascending path since the rise of Axie Infinity.

First announced by Andre Cronje in September 2020, GameFi has integrated blockchain applications in the gaming world, adding the monetary dimension to the experience.

The virtual gaming crowd adopted it with excitement; gaming on blockchain became a skyrocketing trend and attracted big names to developing the metaverse. Games like Decentraland and The Sandbox turned to tokenized land ownership.

Though each project went for its own model and created a personalized game economy, they follow similar guidelines: low-cost participation, easy-to-play games, and the possibility of being in charge of your in-game assets and making a real-world profit from them.

So what’s GameFi in a few words?

✔️ Access to blockchain games across many networks
✔️ Central storage place for in-game assets and NFTs in a player’s portfolio
✔️ Easy P2E yield monitoring
✔️ Fast exposure for games
✔️ Early access to game tokens through TGEs
✔️ A practical market with high-income potential

Despite the current regulatory concerns, GameFi is still growing, and the numbers for 2022 look promising. Open free trade + the old-fashioned thrill of winning prizes seem to be the right formula as new emerging markets develop worldwide.

So what can we expect from GameFi in the near future? Definitely new signs of expansion and evolution. The potential is real, and there’s a massive market eager to experience it.

Let us know what are your thoughts on (GameFi) down below👇