Century-old dictionary Collins just announced the word of 2021 last week. The world has witnessed the rise of blockchain. Obviously not a new technology, blockchain however is often mentioned together with some negative terms such as money laundering, opportunist, scam and fraud. It takes years for more of us to finally understand this very technology is the imminent future.
Back to the list of Collins Dictionary, non-fungible token or NFT is the final winner by beating its "peers": metaverse and crypto. Sadly, GameFi did not make the list but you have a reason to understand what GameFi is. It is heavily interwoven with NFTs and the concept of the Metaverse.
The Extensive Media Coverage of GameFi Craze
GameFi is a fusion of Game and DeFi. Powered by blockchain and crypto technology, GameFi is created to blend the fun of playing games with the financialization of in-game economies. The GameFi concept was first mentioned at the 2019 World Blockchain Conference in China and the term "GameFi" was used later by DeFi trading platform, Yearn Finance's founder Andre Cronje in a tweet next year.
Most GameFi platforms can be categorized into multiple types and mostly focus on products such as card game(CAG), real-time strategy(RTS), role play game (RPG) and simulation game (SLG) happening in the background of a well-designed virtual worlds and emphasize more about he immersive experiences and interactions between players.
These gaming platforms add the fun part through NFTs. For example, users can own digital pets, in the form of NFTs and through the play to earn model, players can gain profit by levelling up the NFTs or in the case of the digital pet, more of the baby pet could be born or hatched through the in-game gimmicks.
To join the Play-to-Earn frenzy, players-to-be have to prepare the in-game tokens first. Starting trial operation in September 2019 and officially launched on 1st of January 2020, the rising exchange FAMEEX has spent a long time reviewing the popular GameFi projects for investors and finally announced to list the following gaming coins on its platform.
Now investors can purchase the leading blockchain gaming coins including Decentraland's MANA, Axie Infinity's AXS, The Sandbox's SAND and Enjin's ENJ on FAMEEX. As it promises to provide a safe and stable investing journey and allow users to keep up with the current crypto trends in the meantime. In short, any coins users can purchase on FAMEEX are relatively stable and secure.
About FAMEEX
FAMEEX has dedicated in providing safe, stable and fast trading experience for users. Since the priority of FAMEEX is security and safety, it only offers the mainstream cryptocurrencies having no exploitation concerns. Services including, grid trading, perpetual futures contract, spot trading and super commission rebate program are provided.
With a four-layer ladder encryption protection mechanism, users who trade on FAMEEX hardly need to consider the safety issue while enjoying relatively low trading fees. The basic spot trading fee is 1‰ while the futures trading fee is 0.2‰. Through constant optimizations, FAMEEX hopes to offer a more enjoyable trading journey for users who can trade straightforwardly.
Find FAMEEX on:
Official Website: https://www.fameex.com/
Twitter: https://twitter.com/FameexGlobal
Telegram: https://t.me/fameexgroup
Trade on-the-go with FAMEEX's crypto trading app (iOS/Android)