Gamefi has been an up only trend in web3 since it's inception. And now it is about to become more addictive with the introduction of gambling into decentralized finance.
Gamefi refers to Blockchain based games and Dapps that can be played on-chain and reward players with a form of incentives either in tokens or NFT.
Many video games are now moving on-chain and new ones are being developed on a steady basis. These games provides users the freedom to interact in a decentralized manner and foster community building around the blockchain ecosystem.
Gamefi related transactions and wallet have been on a rise since 2021 which can be attributed to the incentives users get from using these platforms. Now the gamefi sector has become a major driver of growth and development in the cryptocurrency industry and it has also suffice as one of the easy ways to onboard newbies into the crypto space.
The gamefi industry is also one of the fastest growing in TVL, with a total valued lock of over $4 billion.
Gamblefi on the other hand is an addiction that has been brought on-chain. A lot of people have lost and gained properties from gambling. GambleFi is a new class of tokens that are built around betting on casino games, poker, and sports.
Gamblefi has created a new trend in sporting and casinos on the blockchain, there are several gamblefi token that are very well performing presently.
Some of them include Mega Dice, Bitbook, and BetFury. Mega Dice is an online crypto casino with thousands of games. Players can join online or play with a Telegram bot and get a 200% bonus of up to 1 BTC when they join.
Bitbook is a decentralized sports betting platform that allows users to bet on sports events and games. BetFury is a blockchain-based casino that offers a wide range of games, including slots, table games, and live dealer games. It also has a loyalty program that rewards players with BFG tokens.
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