SEC warns of GameFi risk
Be aware of games’ hacking dangers and high price volatility, says regulator
The Securities and Exchange Commission (SEC) warned investors interested in GameFi and play-to-earn (P2E) games to be cautious as they make digital wallets more vulnerable to hacking and expose traders to risks from high price volatility.
The SEC has described GameFi as a decentralised financial service using gaming and blockchain technology. The P2E games or blockchain games allow players to earn cryptocurrencies or tokens as rewards and trade them on secondary markets.
There are various types…
