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TipRanks 2022-05-18 18:38:00

DeFi Land Incorporates Play-to-Earn Tokenomics Into Its Game

While the broader crypto market is battling macroeconomic uncertainty, geopolitical tensions, and rising inflation, interest in the play-to-earn (P2E) blockchain gaming economy remains apace, realizing outsized momentum relative to other blockchain segments.  Play-to-Earn Momentum Over the last few years, the play-to-earn ecosystem has grown extensively, primarily due to its unique combination of GameFi (gaming + financial opportunities). It has changed the dynamics of the traditional gaming industry by leveraging blockchain technology, NFTs, and decentralization to offer players full ownership of in-game assets. At the same time, it has enabled players to generate revenue by unlocking multiple utilities through in-game tokenomics and secondary marketplaces.

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