How does GameFi earn money?

GameFi is an innovative fusion of video gaming and decentralized finance (DeFi), merging two popular trends within the digital world.

Avatars, customizable digital representations of the player, are another type of valuable item that can be earned through GameFi. They serve as a player's identity within the game and can be highly sought-after by collectors.

The core of GameFi lies in its utilization of blockchain technology, which serves as the backbone for these games. Blockchain's unique properties enable seamless verification of ownership over virtual game elements, enhancing security and transparency.

The ability to cash in these rewards is one of the key attractions of GameFi. Players can convert their earnings into real-world currency, making gaming a viable source of income.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of GameFi enthusiasts. These include spot trading, where users can buy and sell cryptocurrencies at current market prices, and futures trading, allowing for Leveraged trading and hedging strategies.