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GameFi

GameFi is a term combining "gaming" and "finance" that describes blockchain-based games incorporating DeFi elements such as token rewards, NFT ownership, and play-to-earn mechanics. In GameFi, players can earn real economic value through in-game activities, trade their assets on open markets, and have verifiable ownership of digital items. The concept gained significant popularity during 2021 with games like Axie Infinity.

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