GameFi, short for Game Finance, refers to the emerging trend where blockchain technology and decentralized finance (DeFi) intersect with the gaming industry. GameFi aims to integrate decentralized features, such as non-fungible tokens (NFTs), play-to-earn models, and decentralized marketplaces, into gaming ecosystems. By leveraging blockchain technology, GameFi creates new opportunities for players to earn rewards, trade in-game assets, and participate in decentralized gaming economies. It combines the immersive experience of gaming with the financial incentives and possibilities offered by decentralized finance, opening up new avenues for innovation and economic interaction within the gaming world.
Audit Reveals Major Financial Mismanagement at Ministry of Innovation and Technology
The House of People's Representatives' Public Expenditure Management and Control Affairs Standing Committee has uncovered serious financial mismanagement within the...