Global spending on blockchain solutions is projected to reach 19 billion USD by 2024, which is no surprise given the massive interest and growing prevalence of this technology. Every industry that comes to mind can take great advantage of it, and gaming is no exception. Today, you can take entertainment to the next level and gain financial rewards with popular games like Axie Infinity and Illuvium.
Blockchain technology has taken the world by storm ever since Bitcoin was launched, with the constant innovation of the smart contracts enabled by the Ethereum network. Ethereum’s use cases stretch beyond being a reliable investment option. They are changing the blockchain gaming world and making tech enthusiasts jump on GameFi projects. Technology evolves at an incredibly fast pace, meaning that people who wonder how to buy Ethereum as a long-term investment can now immerse themselves in the GameFi world to earn cryptocurrencies or real money.
We’ve seen what the traditional gaming world has to offer, and now we’re entering a new gaming era providing far-reaching opportunities. Many notable games came into existence, and others are waiting to join, so let’s see what projects are worth considering in 2023.
Axie Infinity has been picking up steam, and to this day, it remains one of the most popular cryptocurrency games in the industry. The unique gameplay characteristics that enable the play-to-earn model have fueled the craze around this game in the GameFi space. It is a blockchain-based game on the Ethereum network where you can battle and trade the game’s digital creatures known as Axies to earn cryptocurrencies. You can also receive governance tokens that enable you to participate in the game’s decision-making process.
Compared with traditional video gaming, Axie Infinity has given gaming a new sense by rewarding players for their in-game actions. It built a strong community that has also contributed to the project’s popularity with investors.
The SandBox allows the monetisation of the gaming experience and relies on NFTs to enable users to buy, trade, and sell assets in the decentralised marketplace. When you’re running your cursor across the map, you’ll see that the game has nothing to do with the traditional ones you’re used to. Developers do not design the game, but rather players like you using the unique game creation tools offered to constantly recreate the “experiences”. This innovative approach with user-generated content and a play-to-earn model has made the game popular among crypto enthusiasts and investors. With unique offerings, a strong community implicated in the game, and support from some important video game producers, this project has significant potential for growth.
If you want to design your own game or do more things faster, you might be required to invest some money. But if you’re not ready or don’t think it’s worth the investment, you can skip the investing part and continue playing for free.
What sets Metacade apart from most GameFi titles is that, despite being in its early stages, the project’s aspirations are as high as the sky. It has set itself up to become the heart of the GameFi movement and the largest virtual gaming arcade in the world. By delivering an entirely new multi-game experience to blockchain gaming, it can redefine players’ expectations from GameFi platforms.
Metacade can target every player, from the most competitive one to the casual gamer, due to its unique and wide-reaching rewards system. But what makes this game stand out is that it allows players to step aside, pause gaming, and still earn rewards. How? By completing tasks like writing game reviews and sharing alpha, which are meant to improve the quality of the user experience on the platform.
Considering GameFi’s growing popularity and Metacade’s intriguing concept, it’s no surprise that the presale saw unusually high activity levels. The release of the project’s extensive roadmap as part of its white paper brought much attention to Metacade, and its popularity continues to this day.
Just like Axie Infinity, Illuvium uses the Ethereum network and is designed to reward gamers for their effort and time spent playing the game. It uses a variety of NFTs to reflect the myriad of creatures that players can collect, trade, and battle with, each having its unique characteristics and abilities. The decentralised nature of the game means that it is built with the player in mind, which is why you are in complete control of your assets. Trading the in-game assets successfully takes practice, as some may lose value over time while others might soar.
The revolutionary design of the game and the complex gameplay mechanics make it an attractive investment option for crypto enthusiasts. As developments continue, it might become appealing to even more crypto investors.
Enjin is a blockchain-based platform where developers can generate in-game items owing to Ethereum’s blockchain technology, making it easier to create games. Its software enables developers to create and trade NFTs or other virtual assets. The developers behind this system made good use of blockchain technology, which allows ownership of digital property to design a platform created with the player in mind. Enjin’s NFT marketplace is among the most popular in the crypto sphere, providing a plethora of game items, art, and collectables.
The platform’s versatility and user-friendly interface are at the core of its popularity among game developers, and the endorsements it receives justify its growth potential. Major brands like Microsoft and Samsung partnered with Enjin, which may be a sign that it may keep growing in the future.
The combination of financial rewards and gaming is possible thanks to innovative blockchain technology. The GameFi industry has a bright future, and while the projects above are the most popular at the moment, more titles are being cooked in the oven and waiting to be launched, as an explosion in the upcoming years is expected in the blockchain gaming industry.