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. More often than not, in-game assets are NFTs that can be exchanged on the NFT gaming marketplaceand depend on the blockchain. 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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