Decentralized Autonomous Organizations, or DAO, just like Play It Forward, is a new way for businesses to work together. So, what is a DAO, and what purpose does it serve in GameFi? What is a DAO? DAOs let an organization run itself and make its own decisions without having to answer to centralized institutions. Each…
All posts in October 2022
Play It Forward enters partnership with ArchLoot
Play It Forward’s community of gamers is steadily growing so we are always on the lookout for promising games to partner with. Today, we are excited to announce that we have partnered with ArchLoot, the first interactive UGC-NFT game! What is ArchLoot? ArchLoot is a UGC (user-generated content) NFT game built on BNB Chain. It…
Can P2E games take over the gaming industry?
The gaming industry has undergone huge changes in the past years. This is partly because new technologies like blockchain are now being used to build and run games. Now, a new game genre is taking over the industry, play to earn games. P2E games give players and developers a new way to connect with gaming…
5 Top Crypto Tokens ideal for P2E gaming
Play-to-earn (P2E) games are becoming more popular thanks to the technologies that have made more interactive and complex games possible. It is unclear if Axie Infinity will still be the best game in the world after 2022 and the years after that. Because of this, people who play crypto games should keep an eye out…
Importance of Crypto tokens and Altcoins in GameFi
By this year, GameFi was becoming more and more popular. Not only were there new projects and utilities, but the value of the cryptocurrency market was also increasing. As per the data from CoinMarketCap, the total cryptocurrency market capitalization as of October 2022 was more than $900 billion. We could always find something fun to…
Metaverse 101: Your guide to its uses and developments
A lot of effort and attention is being put into the metaverse. Today, we’ll talk about the answer to the question “What is the metaverse?” and give you more information about its history, how it’s changing right now, and what it could be in the future. What is the Metaverse? To simplify, think of the…
4 Main Types of Blockchain with their Uses, Pros, and Cons
At first, blockchain was presented as a completely decentralized electronic payment system that would let people move money without the help of a centralized bank. It was first used as a way to keep track of Bitcoin transactions. Since Bitcoin’s ability to work without a central authority has attracted much attention, many companies have started…
Introducing QUESTS by Play It Forward DAO
We got some great news! Play It Forward is now changing the way gamers earn through QUESTS! Find out what our new platform can offer and see check out the new earning opportunities in the gaming industry. What is QUESTS? QUESTS is the first-ever blockchain gaming job board where users can complete P2E and non-P2E-related…
GameFi 101: The differences between single-token and dual-token crypto games
Because the GameFi industry is still in its infancy, you will need to do a lot of research before putting your resources into any projects. Tokenomics is a crucial part of the GameFi project that you need to think about. In the last piece, we briefly tackled GameFi’s tokenomics. In a GameFi project, the connection…
Advantages and Disadvantages of GameFi
In this article, we will talk about both the pros and cons of GameFi. What are the pros of using GameFi, and why do some people try to stay away from this sector? But before we talk about that, let’s look at what GameFi is in more detail. What does GameFi mean? The word “GameFi”…