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It is better known as the play-to-earn or P2E games and is the amalgam of two different terms gaming and decentralized finance (DeFi). GameFi is rather a new term in the fields of crypto industries and gaming. It does not only rely on the intersection of blockchain technology and gaming, but other blockchain based aspects such as yield farming, Non-fungible tokens (NFTs), lending, borrowing and algorithmic stablecoins.
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