Blockchain Basics

NFT (Non-Fungible Token)

The difference between NFT (Non-Fungible Token, non-fungible token) and BTC, ETH and other homogenized tokens is that it has a unique and unique identification, and the two are not interchangeable. The minimum unit is 1 and indivisible. Due to its irreplaceable, unique and immutable properties, NFTs can be used in fields such as digital artwork and games.

DeFi (Decentralized Finance)

The full name of DeFi is Decentralized Finance, which is "decentralized finance" or "distributed finance". "Decentralized finance" is opposite to traditional centralized finance. It refers to various financial applications based on open decentralized networks. The goal is to build a multi-level financial system, with blockchain technology and encrypted assets as the foundation, re-creating and improving the existing financial system.

GameFi

GameFi is Game+DeFi, a model that integrates games and finance. Simply put, GameFi presents decentralized financial products through games, and gamifies the rules of DeFi. User assets can not only be used as equipment or tools in the game, but in turn, users can obtain income and rewards in the process of participating in the game. The types of GameFi are similar to traditional games, mainly including role-playing, virtual space, developing combat, and multi-player buildings.