Blockchain-based GameFi ecosystems employ a variety of in-game economic structures to compensate players. The rewards are often non-fungible tokens (NFTs), which can be traded on significant exchanges. The objects are essential for broadening user experiences and often take the form of virtual regions, outfits, and weaponry.
Each game is different due to the various gaming tactics and economic structures.
The play-to-earn (P2E) model is one of the most often used GameFi economic structures. Users can receive prizes while staying interested because of the model's design.
Players are able to enjoy the games without having to invest any money. However, advancement could be slowed down if there aren't enough resources available to compete effectively. Because of this, players are occasionally compelled to buy in-game products in order to reach higher levels where they can earn more rewards.
Decentraland, The Sandbox, Axie Infinity, and Gala are examples of well-known blockchain gaming networks that use the P2E GameFi architecture.