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GameFi

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GameFi, a portmanteau of “Game” (referring to video games) and “Finance,” represents an innovative intersection between gaming and financial technologies. This burgeoning sector leverages the unique attributes of cryptocurrencies and blockchain technology to create gaming environments where players can earn financial rewards through gameplay. In the GameFi ecosystem, players engage with decentralized applications (dApps) and blockchain-based games that incorporate mechanisms such as play-to-earn (P2E), where participants are compensated in cryptocurrency for their in-game achievements and…