GameFi is one of the fastest growing segments in the video game industry. GameFi is an amalgamation of the words “Game” and “Finance”, and incorporates elements of both gaming as well as financial incentives.
Beyond direct monetary incentives, GameFi offers the prospect of digital assets ownership in virtual worlds that players devote a large portion of their time on and the potential for interoperability by bringing those assets across different virtual worlds.
Data based on GameFi market share supports such a view. While Ethereum remains the dominant blockchain with the highest number of GameFi projects built, market share has fallen steadily from over 50% to around 35%.