What is GameFi?
Gamefi is a fusion of “play-to-earn” blockchain games & decentralized finance (DeFi). It essentially refers to the monetization of gaming via the play-to-earn model, such that players can extract income and win rewards as NFTs, tokens, and cryptocurrencies.
Because of the innovative gaming model, the GameFi development attracts entrepreneurs because of the huge demand among users for new and innovative games. Every gamefi project has attracted a huge user base and become more successful.
Take a look at some of the GameFi tokens with huge market caps.
Top 5 GameFi Tokens With a Huge Market Cap
The Sandbox (SAND)
SAND is the native token for the P2E game Sandbox, which has a 1.05 Billion Market Cap.
Decentraland (MANA)
MANA is the native token for the P2E game Decentraland, which has a 1.03 Billion Market Cap.
Axie Infinity (AXS)
AXS is the native token for the P2E game Axie Infinity, which has a $900 million market cap.
Immutable X (IMX)
IMX is the native token for Immutable X, which has a $868.52 million market cap.
Enjin Coin (ENJ)
ENJ token is used in the Enjin Ecosystem with the market cap of $385.87 Million.
The above GameFi token demonstrates how GameFi has huge potential among users.
Conclusion
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