Introductory terms:
GameFi – Derived from the words ‘gaming’ and ‘decentralized finance’ or ‘DeFi’, GameFi is the use of DeFi models in gaming to allow players to earn while playing crypto games.
Metaverse – Metaverse is an online 3-dimensional environment for which people can access using VR headsets or on traditional computers.
VR – VR stands for virtual reality. It is a generated environment of rendered scenes and objects that appear real and for users to feel immersed in. You can perceive this environment through a VR headset.
Crypto games – Crypto games are decentralized games built on a blockchain blending traditional gaming models with the utility of cryptocurrency.
Gamification – Gamification is a method used to enhance experiential activity by employing elements of game playing.
Gameplay – Gameplay involves how the game is and will be played for e.g. the plot, how an avatar will be exploring its environment, the…
