The GameFi concept and ‘game’) was introduced in September 2020 by Andre Cronje, Yearn.Finance core contributors. It’s GameFi when DeFi protocols are empowered with gamification instruments. In-game assets from blockchain-based games are utilized in DeFi-like solutions. In this case, the gaming is a shell while the underlying DeFi protocol is a core element of the project.
On the one hand, GameFi solutions include the software programs that implement gamification instruments in DeFis. In this case, the gaming is a shell while the underlying DeFi protocol is a core element of the project business model. The understanding of GameFi as ‘gamified DeFi’ can be best illustrated by MOBOX ‘play-to-earn’ platform. Like other modern DeFi ecosystems, MOBOX includes modules for a plethora of uses: staking schemes, liquidity pools, yield farming tools, NFT environments, and so on.