It is an activity to optimize your earnings and rewards by putting them in a pool to generate returns collectively. Yield farming – Yield farming is a concept that’s been adapted from DeFi to games. Staking – Staking in games means putting up an asset or an amount of money to be held as an investment in return for interests or rewards. DeFi concepts used in-game:Īsset ownership – This refers to digital assets in a game that a player may or may not own. It is a mode for players to play alone, follow a storyline or narrative throughout the game, or with AI companions. PvE – PvE stands for Player vs Environment. PvP – PvP stands for Player vs Player, where players in-game either battle each other or are subject to attack from other players while roaming in the game. Loot typically appears in a loot box and contains things like currency, spells, equipment, and weapons. Loot – Similar to gear, loot are items that players pick up in-game that can increase their power or enhance their avatar. Gear – In a game, gear is the digital items used to add utility to a player’s avatar such as different powers, actions, or abilities. Skins – Skins are an aesthetic application used in games to change or enhance the appearance of a player’s avatar. In-game terms:Īvatars – Avatars are used in games to represent the person playing the game. Interoperability – Interoperability is the maximizing of an item’s/ NFT’s utility between applications, games, or blockchains. Play-to-earn (P2E) – Derived from the term play-to-win, play-to-earn is a new model for blockchain-based games that allow players to make a profit through playing the game. Roadmap – A roadmap is a way for developers or creators to inform players in their community about planned content that’s down the road. the plot, how an avatar will be exploring its environment, the graphics and sound effects, the controls, as well as the elements for how one can win. Gameplay – Gameplay involves how the game is and will be played for e.g. Gamification – Gamification is a method used to enhance experiential activity by employing elements of game playing.
You can perceive this environment through a VR headset.Ĭrypto games – Crypto games are decentralized games built on a blockchain blending traditional gaming models with the utility of cryptocurrency. It is a generated environment of rendered scenes and objects that appear real and for users to feel immersed in. Metaverse – Metaverse is an online 3-dimensional environment for which people can access using VR headsets or on traditional computers. GameFi – Derived from the words ‘gaming’ and ‘decentralized finance’ or ‘DeFi’, GameFi is the use of DeFi models in gaming to allow players to earn while playing crypto games.
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