Gaming has been one of the fastest expanding entertainment sectors, surpassing Hollywood. The $200 billion industry has reigned supreme for decades, unifying more than 40% of the world’s population. However, the emerging GameFi sector is bringing a massive transformation to the gaming business. GameFi leverages blockchain technology and has recently altered the course of gaming’s history. This online gaming paradigm takes on new meaning while also offering gamers an interactive gaming experience. Furthermore, with the emergence of NFTs and the metaverse, it is evolving into something more robust and exciting, namely SocialFi. SocialFi combines Social and Finance. Blockchain solutions like crypto and NFTs power the new social economy. Creators can monetize their social impact directly. From Entertainment to Earning: The Gaming Evolution Video games have been around since the early 1970s. The emergence of gaming consoles was the first significant development in this space. However, significant technological improvements occurred with the debut of the Sega Dreamcast. which was the first significant development in this space. Gaming’s original purpose was to bring friends and families together for a good time. However, with the introduction of internet gaming, gamers moved from playing for fun to boosting their competitiveness globally. And this gave birth to some of the earliest eSports leagues. Then came the smartphones th...
