The ongoing debate over how much decentralization is necessary remains, but excessive centralization goes against the essence of blockchain and undermines its purpose. However, some products are still centralized and lack transparency. Players can earn rewards for completing tasks or achieving milestones, which are recorded on the blockchain to ensure transparency and tamper-proofing. Game developers create games integrated with Gamefi, which players can access through a web browser or an app. Gamefi integrates blockchain technology into games to provide a transparent and secure system where players can earn rewards without interference from third parties. In response, more products are emerging that do not issue their own cryptocurrency as a reward, but instead offer NFTs and other incentives. While some people have earned significant profits by obtaining cryptocurrency through games, others have suffered losses due to subsequent selling pressures and market downturns. These rewards can then be used to purchase in-game items or traded for other cryptocurrencies. Players can earn cryptocurrency by completing in-game tasks, participating in tournaments, or staking their assets. It uses decentralized finance (DeFi) to create a new type of gaming experience that is fairer and more rewarding for players. Gamefi is a blockchain-based platform that allows players to earn cryptocurrency while playing games.
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