GameFi: The perfect symbiosis of blockchain, tokens, DeFi, and NFTs?

Juliane Proelss, Stéphane Sévigny and Denis Schweizer

International Review of Financial Analysis, 2023, vol. 90, issue C

Abstract: GameFi is a portmanteau of “game” and “finance.” The concept involves blockchain games that offer economic incentives to play, otherwise known as play-to-earn (P2E) games. We explain in detail how GameFi differs from traditional games, and carve out its unique value proposition. We also explore how the mechanics of blockchain games influence the social facet of P2E games, where guilds and clans essentially function as profit-sharing organizations. GameFi leverages disparate elements of the crypto space: tokens, DeFi, and NFTs. Lastly, we discuss in detail some of the challenges of GameFi.

Keywords: Blockchain; Cryptocurrency; DAO; DeFi; Gamification; GameFi; Metaverse; NFT; Play-to-earn (P2E); Web3 (search for similar items in EconPapers)
JEL-codes: G17 G23 P18 Q41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:90:y:2023:i:c:s1057521923004325

DOI: 10.1016/j.irfa.2023.102916

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