What is GameFi, and how does it work? GameFi is a term used to describe “game finance,” as it integrates traditional gaming and decentralized finance (DeFi) using blockchain technology. GameFi employs blockchain technology to create decentralized gaming marketplaces offering players different economic incentives and financial opportunities through play-to-earn blockchain games. Players can earn cryptocurrency by playing games or participating in various…

Airdrops can be a great way to engage communities, but they also come with risks — from Sybil attacks to potential regulatory liability. Airdrops have emerged as a powerful tool for token distribution, user acquisition and community building as the blockchain industry has grown. They provide a unique opportunity for projects to distinguish themselves, incentivize…

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse. A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking…