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GameFi apps revived interest in blockchain gaming: Huobi Research -Breaking


Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi refers to decentralized finance (DeFi), as well as blockchain gaming, which incentivizes players based on a “play-to-earn” model.

Huobi Research reports that GameFi’s initiatives saw a significant increase in activity since June 2021. This is due to both a substantial reduction of transaction costs and an improved user experience.

GameFi has several ways that it can lower transaction fees. Huobi Research
CryptoKitties changes in daily active users and trading volumes Source: DappRadar. Huobi Research