Many people should still remember AXS (Axie Infinity) in the last bull market. This token created the popularity of the Play-to-Earn (P2E, play and earn) concept. It took less than a year after AXS was launched. The time has increased by more than 1000 times. From an initial price of $0.14 it has risen to around $140. As shown below.
(The picture above comes from coinmarketcap)
Strictly speaking, the P2E games born in the last bull market cannot be said to have a good experience, but are more driven by concepts. However, after this round of bear market, many game projects that were originally born have also been developed for a relatively long time. Therefore, in theory, next year should also be the year when many high-quality chain games will be launched officially. That said, next year we may have some real, great Web3 games that could reignite the gaming landscape.
But the current situation is that it seems that GameFi (which can also be called Web3 Gaming) is not paying attention to many people. But precisely because there are currently relatively few people participating in this field, the chances of participating early may be greater. In any case, although crypto games have not yet gained mainstream recognition and popularity, I believe that tokens in this field will have huge upside potential in the future.
We can briefly review some basic data of the Gamefi sector in 2023:
- GameFi currently has an overall market capitalization of $9.79 billion
- GameFI currently has a total of 650,000 active users, 16% of which are from AlienWorlds
(The picture above comes from footprint)
Moreover, as blockchain technology gains global recognition, more and more projects will appear in this field in the near future, which will indicate the future prosperity opportunities of this field.
(The picture above comes from footprint)
Having said this, I suddenly remembered a classic story from the last bull market: GameStop (GME) retail investors united to fight against Wall Street, which directly caused GME's stock to rise by 2,500%. Friends who are interested in this can search for old news by themselves.
(The picture above comes from Yangcheng Evening News)
Why do I mention this story? The main reason is to illustrate that gamers are actually a relatively united group. So I expect a similar explosive growth in Web3 games as tens or even hundreds of thousands of gamers enter the crypto market, as chain gaming tokens seem to be the most hyped relative to GME stock And a surge occurred.
In addition, an important factor in the possible re-explosion of the GameFI field is the performance of large traditional game companies. Because in the past period of time, many traditional game companies have shown enthusiasm for blockchain and chain games, and seem to be actively embracing this change. For example, the well-known Ubisoft Entertainment (Ubisoft Game Software, headquartered in France Rennes, with 23 game development studios around the world), Square Enix (a Japanese game software production and development company and publisher), Activision Blizzard (Activision Blizzard), Epic Games, etc.
As more and more traditional large, well-known gaming companies enter and embrace the crypto space, this may become one of the important catalysts for attracting traditional gamers to use Web3 Gaming.
In the previous series of articles on project topics, we have introduced you to some promising GameFI projects. So next, let’s continue to sort it out for everyone and see what other GameFI projects are worth paying attention to in the near future.
The first project is Wreck League
Wreck League is an action-packed mech combat game based on NFT. In August, they launched the first Genesis Mint Box. A few days ago (October 20th), they released a DUELS feature that allows players to create custom 1V1 battles. As shown below.
(The picture above comes from the official recommendation of Wreck League)
Currently, the project does not have a token.
The second item is PARTY ICONS
PARTY ICONS is a free-to-play mobile battle royale game with tokenized game assets. The game currently has two modes, PARTY ROYALE and CARNIVAL, with both a physics engine and a hero icon role-playing system.
The game currently has 2 NFT series, OBADGE and OGX, and is said to be launching a third NFT series soon. Users can earn X points (X-Points) by participating in the game, and these points can be converted into project tokens in the future.
(The picture above comes from partyicons official website)
The third project is Apeiron
Apeiron is a blockchain-based P2E game with God Game and RPG battle modes through which users can collect, trade and use unique digital assets to fight.
The project’s token, called ANIMA, will be airdropped to holders on the game leaderboard and game test players. In addition, it is said that they will have major news announced next month, which we can pay extra attention to (it should be the launch of TGE and beta versions).
(The picture above comes from the epicgames website)
The fourth project is Earn Alliance
Founded in 2022 by Joseph Cooper, Earn Alliance is a Hong Kong-based company that aims to guide gamers, communities, and games to embrace the future of blockchain. Their main goal is to break down barriers and unlock potential through online social communities, education, and entertainment.
ALLY is the token of Earn Alliance. There are currently several ways to obtain it:
- Complete missions and forge badges
- Collect some treasure chests
- Offer new games to their platform (developers)
(The picture above comes from the official website of earnalliance)
The fifth project is Age of Dino
Age of Dino is an NFT game running on the BSC chain. It was developed by the Macdow game technology team and integrates the living habits, reproduction, and fictional gameplay of dinosaurs.
At present, the project has received a total of US$8 million in financing from investors including Animoca Brands, SevenX Ventures, etc. Their most recent airdrop gave away 1 million DAM tokens. But now the token cannot be traded and is waiting for the TGE (Token Generation Event) on DEX.
(The picture above comes from xter)
The sixth project is Treeverse
Treeverse is a top-down open-world, category-less mobile MMORPG that emphasizes cooperative play and social features, and is one of the more anticipated Metaverse games. Currently, the project does not have tokens and is still in the alpha version stage. But it has raised a total of $25 million in financing.
(The picture above comes from Treeverse official website)
The 7th project is SHRAPNEL
SHRAPNEL is a game based on the Avalanche chain, offering a wide range of player creation tools that integrate combat, creation, planning, and connection into a vibrant community.
Currently, the project has conducted airdrops to NFT holders, but there may be more airdrops to come.
The 8th project is BlockGames
BlockGames, a player network across multiple chains with over 100 games currently launched on the platform, has also announced the launch of the BLOCK token, which will be able to be used across the entire ecosystem.
For gamers, there are rewards through activities, in-game achievements, and community participation.
(The picture above comes from BlockGames official website)
The 9th project is SkyArk
SkyarkS is a AAA fantasy JRPG game with interoperable NFTs. It consists of 2 GameFi games (i.e. House of Heroes and Legends Arise) and 1 SocialFi metaverse (i.e. SkyArkVerse). And the game project has received support from Binance Labs Fund.
The 10th project is Dimensionals
Dimensionals is a unique NFT role-playing game developed by MinoGamesInc. It claims to be an epic game multiverse filled with heroes from various dimensions (such as Pokémon and Marvel superheroes), and each hero will be preserved for NFT.
Mino Games has raised more than $15 million in total, with investors including a16z, SYBO Games, Y Combinator, Standard Crypto, etc. Currently, the game is also in the alpha version stage, but judging from the information released on the official website, the test of this version will end in 10 days. As shown below.
Special thanks for this article: wacy_time1, 0xTHades, Senka (cover design)
Note: The above content is only a personal perspective and analysis. It is only for popular science learning and communication among crypto enthusiasts and does not constitute any investment advice. The crypto market is an extremely high-risk area. Please treat it rationally, increase your awareness of risk prevention, and abide by the relevant laws and regulations of the country and region where you are located!
