Top 5 Interesting GameFi Projects
GameFi is a sector of games based on blockchain technology, which has an internal economy and allows users to earn money.
The GameFi sector is capable of merging multiple cryptocurrency realms at the same time, including DeFi, NFT, and Play-to-Earn. During the gameplay, users interact with the blockchain, trade lands, characters, and various assets in the gaming ecosystem, and, with the right strategy, earn good money.
The rise of GameFi came with the game Axie Infinity, which already had a clear economic structure, and sprang into immediate popularity, with a market cap of $10 billion.
We have compiled a selection of five GameFi projects that are the most interesting.
Gala
It's an aggregator of many games on the Ethereum blockchain. You can play on any OS. Some games are even available on your phone. There are shooters and fighters, RPGs and strategies, tanks, building sims, card games, and open-world sims. The ecosystem has 15 main games.
Gala regularly checks and tests gameplay and features with Discord users. It helps create a quality product you want to play first and earn money second.
Recently, the Gala token on the BSC network was attacked, resulting in its price dropping by 99%. The hack did not affect the Ethereum blockchain and most tokens. GALA has a current value of $0.024 and a market capitalization of $184 million.
Available games in the Gala ecosystem
Illuvium
According to the developers, it is the world's first IBG (Interoperable Blockchain Game). The gameplay takes place in an open world where you can collect and evolve more than 100 NFT creatures (illuvials), earn cryptocurrency by completing internal missions, and fight battles with other players. Illuvium also integrates all the attributes of an independent ecosystem – its own NFT marketplace, land sales, and a DEX exchange.
The final version of the game has yet to be released, which makes Illuvium a fairly promising project. Now you can become a member of the beta test, where players will be the first to discover all the project’s capabilities and learn how to earn even before the full release.
The ILV token runs on the Ethereum blockchain. The market capitalization of ILV is $89 million, and the token is traded at $47. For gasless fees, Illuvium leverages Layer 2 ImmutableX solution.
Illuvium home page
Merit Circle
The project describes itself as a large decentralized organization that revolutionizes games and builds a large metaverse. Merit Circle does not focus on one genre but develops a whole network of different games, which comprises more than 50 games at press time. First-person shooters, MMORPGs (Massively Multiplayer Online Role Playing Games), mobile competitions, and card battles are part of the same ecosystem.
Merit Circle offers a 70/30 revenue, with players taking most of it.
The MC token is deployed on the Ethereum and BSC blockchains. The coin's market value is $0.38, and the capitalization of the project is $124 million.
Partial statistics and information on Merit Circle
Wax
It's a large ecosystem with its blockchain, which is not just one game, but a whole list of various competitions, quests, and simulators. Inside Wax, users can race, be space colonizers, participate in PvP battles with each other, collect various NFTs and engage in different farming activities (profitable farming). According to statistics, Wax has repeatedly become the leader in terms of the number of users and trading volumes.
To start working with the platform, you need to install an internal wallet and add some WAXP tokens to it. The next steps depend on the game the trader wants to master and his goals.
The WAXP cryptocurrency was previously an ERC-20 token, but the project has decided to deploy its blockchain. Everyone with "old" coins can exchange them through the cross-chain bridge at a 1:1 ratio. The market value of WAXP is $0.05, and the capitalization of the project is $130 million.
NFTs that can be collected and traded within Wax
Mobox
Unlike most projects that interact with third-party games through partnerships, Mobox has many games built solely based on the internal universe. The main "asset" in the game is the cubic NFT-animal (MOMO). This creature gives the user access to all the platform features, allows you to get boxes with prizes, and participate in internal activities. MOMO can be bought on the NFT marketplace and developed as the game progresses to increase profits or resell it.
Mobox has recently announced the development of its metaverse, Momoverse. Users can explore the open world, mine resources, and interact with other players.
The MBOX token is built on the BSC blockchain. The asset's market value is $0.44, with a market cap of $75 million.
Mobox metaverse start page
Which are the top 5 interesting GameFi projects in 2023?
In 2023, the top 5 interesting GameFi projects include: 1. Axie Infinity: With its player-owned economies, Axie Infinity remains a leading GameFi project. 2. Decentraland: This virtual world offers a unique blend of gaming and investing, where users can buy, sell, and develop parcels of land. 3. The Sandbox: Emphasizing user-generated content, The Sandbox allows players to create and monetize their gaming experiences. 4. Star Atlas: Set in a space-themed universe, Star Atlas combines strategy, exploration, and economics. 5. Illuvium: A blend of RPG and auto-battler genres, Illuvium features collectible creatures in an open-world setting.
