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GameFi NFTFi Convergence

Definition

GameFi NFTFi convergence represents the merging of GameFi, which combines gaming with decentralized finance, and NFTFi, which integrates non-fungible tokens with financial applications. This convergence results in digital environments where gaming assets, such as characters or items, are also financial instruments that can be lent, borrowed, or used as collateral. It creates a more liquid and economically interactive experience within blockchain-based games. The synergy aims to enhance player engagement and asset utility.