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What are decentralized finance (DeFi) games? And how to start playing?

Learn what makes decentralized finance games a revolution in gaming and how you can start playing to earn real cryptocurrency rewards with help of Kauri Finance.
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Written by Keti Tevzadze
6 min min
02 May 2024
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One of the most innovative and promising trends in this field are DeFi games, which offer a unique opportunity not only to enjoy the gaming process, but also to earn real money.

And another important prerequisite for successful participation in the world of DeFi games is choosing the right crypto wallet that will provide not only safe storage of your assets, but also easy access to the gaming platforms. This is where Kauri Finance enters the scene - a platform designed to cater to the needs of both beginners and experienced players in DeFi gaming.

What is DeFi gaming?

DeFi games are the latest technology in the world of video games based on the principles of decentralized finance (DeFi). These games use blockchain technology to create unique gaming ecosystems where players don't just spend time, but can earn real money, manage and trade digital assets right in the game. What sets DeFi games apart is that they give players full control over their digital assets, unlike traditional games where all elements and items remain the property of the developers.

Key features and benefits of DeFi games include:

  • Earnability: Players can earn in-game currency or tokens that have real value and can be exchanged for other cryptocurrencies or fiat money.
  • Digital Asset Ownership: All digital items and assets in DeFi games are in the form of non-fungible tokens (NFTs), which players own on a full-fledged basis and can freely sell or exchange.
  • Transparency and security: Blockchain technology ensures the integrity and transparency of the gaming experience, as well as the security of digital asset storage.

Some examples of popular DeFi games in the market include:

  • Axie Infinity: A battle pet style strategy game where players can breed, collect, and battle Axies creatures represented as NFTs.

  • Decentraland: A virtual world owned entirely by users where you can buy land, build on it, and participate in various activities.

  • CryptoKitties: One of the first blockchain games where players can buy, collect, breed and sell virtual cats, each unique and representing an NFT.

Kauri Finance offers an integrated solution for DeFi game participants, facilitating the process of managing digital assets and providing access to a wide range of DeFi services and games, making it an ideal tool for both beginners and experienced players looking to maximize the potential of blockchain games.

Difference between DeFi games and NFT-based games

DeFi games and NFT games are two different concepts in the world of blockchain gaming, each with their own unique features and offerings for players.

DeFi games focus on integrating decentralized finance mechanisms into the game environment. This allows players not only to participate in the gameplay, but also to interact with various financial instruments such as staking, farming or trading in-game assets on decentralized exchanges. In this way, DeFi games create a full-fledged economy where players' actions directly affect their financial situation in the real world.

NFT games, in turn, emphasize the use of NFTs to represent game assets such as characters, land, items, or any other assets that can be purchased, sold, or exchanged outside the game. In NFT games, the key is to be able to prove ownership of unique digital objects, which adds real value to game assets.

While DeFi and NFT games may overlap in terms of features and functionality, their main difference lies in their approach to creating game economies and interacting with game assets. DeFi games focus on financial transactions and in-game earning opportunities, while NFT games prioritize uniqueness and ownership of digital objects.

Kauri Finance offers solutions that support both DeFi games and NFT games, providing users with tools to manage their digital assets as well as access to a wide range of DeFi transactions and NFT markets, making the platform a versatile tool for a diverse gaming experience.

How DeFi Games Work?

DeFi games operate on the basis of blockchain technology, which allows creating a reliable and transparent gaming economy, where every action and transaction is recorded in a registry that cannot be changed. The basic building block of such games are smart contracts - self-executing contracts whose code is stored on the blockchain and automatically executed when specified conditions are met. These smart contracts manage game logic, token economics and financial transactions, providing players with a variety of ways to earn money.

Ways to make money in DeFi games:

  • Trading Collectibles: In many DeFi games, items obtained during the game are unique and can be represented as non-replaceable tokens (NFTs) that players can sell or trade on specialized marketplaces. In this way, rare or valuable in-game items can become a source of income.
  • In-game rewards: Players can earn in-game currency or special tokens for participating in various activities in the game, from completing tasks to winning battles. This currency can then be exchanged for real money through cryptocurrency exchanges or used to purchase in-game items and upgrades.
  • Staking: Some DeFi games offer staking mechanisms where players can "freeze" their tokens in exchange for percentage payments or other rewards. This can include participating in game management or voting on key project development issues.
  • Competitions: Many DeFi games regularly organize competitions and tournaments with cryptocurrency prize pools. This provides players the opportunity to earn money by showcasing their skills and strategies in a competitive environment.

Why choose Kauri Finance for DeFi games?

Choosing Kauri Finance for DeFi games provides players with a number of significant benefits, making their gaming and financial experience safer, more convenient, and more profitable. Let's take a closer look at each of these benefits:

  • Unmatched Security: Kauri Finance offers advanced security measures, including EU licensing and PCI DSS certification, ensuring your cryptocurrency assets are well protected. Non-custodial storage allows users to self-manage their private keys, giving an additional level of control and security.
  • Multi-currency support: With Kauri Finance, you have access to a wide range of cryptocurrencies and NFTs, supporting over 10 blockchains and 10,000 different digital assets. This allows players to easily manage their assets across different games and platforms without the need for multiple wallets.
  • Versatile Solutions: Kauri Finance offers flexible solutions to integrate with other wallets and services, allowing users to expand their options in the world of DeFi and NFT.
  • Cost Savings:With Kauri Finance, users can save on fees thanks to low rates and no hidden fees for basic cryptocurrency transactions.
  • User Interface:The Kauri Finance interface is designed to be as user-friendly and intuitive as possible for beginners and advanced users alike, making it easy to manage assets and participate in DeFi games.
  • Customer Support: Kauri Finance provides a high quality support team ready to promptly resolve issues and provide assistance when needed.
  • Easy registration: The registration process at Kauri Finance is simple and does not take much time, allowing players to quickly start using all the features of the platform.
  • Payment cards and banking services: Kauri Finance offers payment cards supported by Mastercard as well as the ability to manage EUR and USD accounts, expanding the possibilities of using cryptocurrencies in everyday life.
  • Web3 Passport: A unique feature that provides users with decentralized authorization and document management, making it easier to access various services and platforms.

Conclusion

Kauri Finance offers a secure and user-friendly platform with many features that make managing cryptocurrencies and participating in DeFi games as easy and profitable as possible. Unrivaled security, multi-currency support, versatile solutions, cost savings, intuitive interface, reliable customer support and many other benefits make Kauri Finance the perfect choice for anyone who wants to explore the world of DeFi games.

We invite you to join the Kauri Finance community and start your journey into the world of DeFi gaming today. Register on the Kauri Finance platform to discover new opportunities to make money and have fun in the exciting world of decentralized financial games. Your adventure starts here!

About the author
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Keti Tevzadze
Content Creator and Social Media Manager
Keti is a social media manager with over 3 years of experience in digital marketing, content strategy, and community management in the blockchain industry. Keti has partnered with companies ranging from small start-ups to large corporations, helping them reach their target audience by creating engaging content for all major social media platforms. She is passionate about fintech and believes in the power of decentralized web3 solutions that can drive positive change worldwide.
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