Best GameFi Projects To Watch in February 2024
The beginning of 2024 marks a bullish turn in the market, reigniting interest in Play-to-Earn technologies that blend gaming with decentralized finance. Which projects are at the forefront of this sector?
The decline in blockchain gaming enthusiasm in 2023 was attributed to several factors:
The projects we're highlighting distinguish themselves with high-quality development, robust communities, and promising growth prospects.
- The pyramid structure of many projects and the resulting negative backlash;
- The lack of a completed product, with funds raised through ICOs failing to result in a full-fledged game;
- A focus on cryptocurrency aspects over engaging game mechanics, which didn't fully satisfy either crypto enthusiasts or gamers, as both groups seek engaging play, not just digital collectibles.
The projects we're highlighting distinguish themselves with high-quality development, robust communities, and promising growth prospects.
Heroes of Mavia
This is a strategic Web3 game in the MMO (Massively Multiplayer Online) genre.
Heroes of Mavia (HоM) resembles Elvenar, where players manage their bases, build armies, engage in combat with other players, and earn cryptocurrency. Players can rent or own land plots, which form the basis of their bases and are also used to mine resources for building, upgrading, and equipping troops.
Players launch attacks on other players' bases to secure additional reserves, trophies, and cryptocurrency. The collection of more trophies opens up better battle opportunities. Additionally, upgrading the main building yields extra bonuses.
HoM's heroes are NFT characters that can be sold on the internal Ruby market for game tokens.
Currently, Heroes of Mavia is only available on mobile devices. Source: mavia.com
The MAVIA token was released on February 6, 2024, and saw a growth from $2 to $10 within ten days. It's actively traded on exchanges such as Bybit, Gate.io, Uniswap, Bitget, and HTX. Beyond game achievement monetization, the token also facilitates voting on key issues within the Mavia DAO.
For now, the game is exclusive to smartphones.
Lumiterra
Lumiterra is a fantasy multiplayer survival game set in an open world. Players form guilds, tame monsters, farm, craft equipment and weapons, explore the world, and battle other players. It embodies a typical mRPG, segmented into quests with PVP elements.
The first beta version of the game (Mainnet Beta-1) has been completed, and many players are looking forward to participating in the "golden test" (Mainnet Beta-2), where game achievements can be monetized. However, this requires staking LUA – Lumiterra's in-game asset or acquiring two shares in an active guild.
LUA token price. Source: app.lumi.finance
Lumiterra has a three-level economic system:
- DeFi. Owners of LUA tokens can stake them to generate passive income.
- GameFi. "Gold" level participants earn LUA through gameplay, which they can then either convert to fiat currency or stake.
- Base Level. Users who choose not to invest can still play for free, albeit with limited access to earning capabilities.
MATR1X FIRE
MATR1X FIRE is a conventional multiplayer first-person shooter (FPS) game and a part of the MATR1X metaverse, contributing to a broader esports project that includes several mobile games.
In MATR1X FIRE, players can take part in both team and individual battles and earn project tokens for various achievements.
MAX is the governance token for the MATR1X platform, utilized in a variety of contexts:
From January 29 through February 29, the metaverse founders are hosting a distribution event for 1,500,000 MAX tokens. To engage in the airdrop, participants are required to:
Winners, along with details of the rewards and the distribution mechanism, will be announced on March 14.
Considering its graphics and gameplay dynamics, MATR1X FIRE earns a perfect score of 5/5. However, it's currently only accessible to Android smartphone users.
- Selection for esports clubs placement;
- Voting in esports tournaments;
- Influencing the development of game narratives;
- Purchasing specific in-game NFTs (like weapons and gear) on the internal marketplace.
- Join the MATR1X FIRE Global Vanguard tests on the beta server.
- Connect a wallet to the platform.
- Earn a set number of points through individual level upgrades, team mode victories, and personal rating improvements.
- Take part in lottery draws.
- Acquire basic points by completing daily missions.
Considering its graphics and gameplay dynamics, MATR1X FIRE earns a perfect score of 5/5. However, it's currently only accessible to Android smartphone users.
