How does GameFi work?

Bitcoins or in-game items like avatars, virtual real estate, weapons, and outfits are two options for rewards in GameFi. An extraordinary model and the gaming industry will be utilized in each GameFi venture. The majority of the time, in-game assets are NFTs based on the blockchain that can be traded on NFT gaming marketplaces. On the other hand, there are occasions when in-game assets cannot be traded or sold until they have been converted into NFTs.
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