How does GameFi work?
Rewards in GameFi come in various forms, including cryptocurrency and in-game assets such as virtual land, avatars, weapons, clothing props, etc. Gamers obtain these items through gameplay and can trade them on the NFT market for profits or exchange them for Cryptocurrencies, models and game economies vary for each GameFi project. Most in-game assets are NFTs on the blockchain and can be traded directly on the NFT market.
In some games, players can pledge or lend game assets to other players and earn passive income without playing the game.