GameFi
GameFi combines video games with blockchain-based assets and incentives, such as tokens, NFTs, and player-owned in-game items.
GameFi, short for game finance, refers to blockchain games that use crypto tokens, NFTs, or smart contracts as part of the game’s economy. Instead of all items and currencies being controlled only by the game publisher, some assets can be stored in a crypto wallet and transferred, traded, or used across related marketplaces or applications. These assets might include characters, skins, land, weapons, collectibles, or in-game currencies.
GameFi matters because it changes how players can own and interact with digital game items, but it also introduces risks that traditional games usually do not have, such as token price volatility, wallet security, and uneven game economies. A practical example is a role-playing game where a player earns an NFT character or a token through gameplay, then uses it in the game or sells it on a marketplace. Compared with a conventional online game, GameFi adds a financial layer, but good gameplay and sustainable design still matter more than rewards alone.
Other terms in NFTs & Gaming
Floor Price
The lowest listed sale price for an NFT in a specific collection on a marketplace.
Generative Art
Art created through rules, code, or algorithms, often used in NFTs to produce unique digital works from the same creative system.
Mint (NFT)
Creating an NFT by recording a unique token on a blockchain and linking it to its metadata, such as an image, video, or game item.
NFT
A unique blockchain-based token that represents ownership or proof of authenticity for a specific digital or physical item.