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The GameFi concept (derived from DeFi’ (decentralized finances) and ‘game’) was introduced in September 2020 by Andre Cronje, Yearn.Finance core contributors. It’s GameFi when DeFi protocols are empowered with gamification instruments. In-game assets from blockchain-based games are utilized in DeFi-like solutions. In this case, the gaming is a shell while the underlying DeFi protocol is a core element of the project.