What are GameFi and NFTs?

Game Finance (financialization of gaming) refers to games integrated with blockchain-based technology. Under this umbrella, GameFi includes the concepts of gamification, DeFi, NFTs, and play-to-earn (P2E).

NFT stands for Non-Fungible Token. It is a blockchain-based virtual asset that is unique and not interchangeable. NFTs can include virtual art, music, and any other artwork. In the current GameFi space, NFTs can be seen as an enhanced version of typical in-game assets. For example, NFTs can be used in a game to bring a specific experience. Just like a new skin can bring a new visual look or a new pickaxe can mine new ore. However, as an NFT, the ownership of the assets is recognized outside of the game and it is also more easily traded!

Unlike other marketplaces, there are multiple ways to obtain and trade NFTs with Yeeha Games.

1. In-game: Yeeha Games will place NFT or NFT shards in the game. Players can obtain the corresponding NFT shards by playing the game.

2. Trading: Yeeha Games will launch the Marketplace in the third quarter of 2022. Players can trade and exchange NFTs freely on the platform.

3. Events: Yeeha Games will provide incubation, game promotion, and other services for game developers. As such, there will be various NFT airdrop events for gamers!

Currently, users will need to own use USDT to trade for NFTs and reward creators on Yeeha Games. USDT is also currently the primary token for users to make transactions on the Yeeha Games marketplace. Users can transfer USDT from other centralized exchanges or wallets to the Yeeha Games wallet.