πŸ“˜ Gamefi-&-nft-games – Legal FAQs

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❓ What is GameFi?

GameFi is a fusion of gaming and decentralized finance (DeFi), where players can earn cryptocurrency or NFTs by playing blockchain-based games.

❓ What are NFT games?

NFT games use non-fungible tokens (NFTs) to represent in-game assets like characters, weapons, or skins that players can buy, sell, or trade.

❓ How do play-to-earn models work?

Players earn in-game tokens or NFTs by completing tasks, winning battles, or participating in game economies, which can sometimes be converted to real money.

❓ Is it free to play GameFi games?

Some games require an upfront investment to buy NFTs, while others offer free-to-play models with earning potential later.

❓ Are GameFi assets transferable between games?

In most cases, NFTs are specific to each game, but some platforms support cross-game compatibility using shared blockchains.

❓ Are there risks in NFT gaming?

Yes. Crypto volatility, scams, and regulatory issues can affect your earnings or asset value. Always research before investing.

❓ Do I need a crypto wallet to play?

Yes, most NFT games require a wallet like MetaMask to store and manage your in-game assets and tokens.