Top GameFi Projects and How to get Started
As a result of the wide acceptability of Gamefi and the huge income players and other stakeholders make, it is no surprise we have numerous Gamefi projects in the space currently. As of fact, report by DappRadar stated that GameFi projects raised over 1 billion dollars just in January 2022.
The number of Gamefi projects is exponentially very high however we are going to restrict ourselves here to the top projects around and how one can get started with them.
- Axie Infinity
- DeFi Kingdoms
- Xchange Monster
- Liberty Gaming
Axie Infinity is a non-fungible token (NFT) based online video game. This game was developed by Vietnamese studio Sky Mavis. It is known for its in-game economy which uses Ethereum-based cryptocurrencies.Axie Infinity is a community-driven digital pet game which allows players to earn money while battling, breeding, raising, and trading digital pets called Axies.
Axies fall into one of nine categories that are similar to Pokémons. Each Axie has six of more than 500 possible body parts. Each of the body parts has three genes (dominant, recessive, and minor recessive). The combinations of Axie’s features determine its win rates and, eventually, return on investment. The objective is to gain those products while playing, which we can exchange for money any time we wish.
CryptoBlades is a new blockchain game that allows users to earn skill tokens for passing tests. The users can also create characters and weapons to defeat enemies or sell in-game assets on the playground.
To be eligible to play, users must buy a hero for BNB tokens.
DeFi Kingdoms is a typical cross-chain, play-to-earn online video game built on a strong DeFi protocol. DeFi Kingdoms has been argued to be the most complete play-to-earn game in the GameFi ecosystem.
It is still not to the level of Axie Infinity yet in terms of market capitalization and lifetime value in NFT sales, nevertheless, it has made a big progress.
Xchange Monster is so easy to use. it brings together both the gaming community and publishers through the creation of a highly value-driven ecosystem. By Xchange Monster, it is intended to strengthen the interaction between gaming community and the operators for enhanced gaming experience.
Xchange Monster avoids the gray areas in the decentralized world by providing game providers with a fully regulated platform. This instils confidence in more game creators. This special GameFi platform features many products, including a payment gateway with fiat onramps, an NFT marketplace, a trading exchange, and a wallet application. Hence, a game creator can instantly have the complete infrastructure to handle user interactions from start to finish.
For players, Xchange Monster offers low transaction costs(gas fee) and immediate access to their in-game NFTs, which can be swapped directly for fiat currencies.
Liberty Gaming is a barrier breaking project and community in the world of ‘play to earn’ gaming. The guild will become the ‘gateway’ for gamers to gain access to otherwise expensive & inaccessible NFTs within blockchain gaming, as well as providing an ecosystem for them to learn and thrive within the new gaming era.
Liberty is lowering the entry barrier to participate in blockchain based games such as Axie Infinity, by lending in-game NFTs to our dedicated community gamers (‘scholars’). This dramatically increases their chances of success within the game by utilising superior characters, tools, armoury and much more, to create greater earning potential for the scholar.
Liberty Gaming offers scholarships to players by covering their initial investment for buying NFTs.
Illuvium is a blockchain game, seeking to bring quality gaming to the play-to-earn (P2E) world. Though the core game is still at developmental stage, there has been a recent major approval by the Illuvinati council, the DAO elected representatives governing franchise direction.
Players of Illuvium also don’t have to worry about high gas prices, this is due to the Immutable X’s layer two solutions. This drastically improves the gaming experience and performance on Illuvium.
The progress in the Gamefi industry has been so rapid. We also have so many other Gamfi projects currently in this space but at this moment, we will be stopping with these top well known ones that have so far shaped the gamefi industry.
And getting started is all about following the rules of each game just like we do in other traditional games before the special blockchain evolution.
This is just a little catchup on the top gamefi projects and how to get started. Kindly drop your comment on what you learnt or the next article you want me to talk about. Also, do not hesitate to check out our previous article on GAMEFI- How to earn money through Blockchain. Click here to check it out
Igwe Ihuoma Patience is a self-taught creative and industry specific content writer, cryptocurrency enthusiast with 2years plus experience and knowledge of the constantly evolving blockchain space.
I am skilled in content creation, copy writing, curating captions, video editing & graphic designing with mobile phones and I teach others how to get started in the cryptocurrency and blockchain space and My goal is to make blockchain learning and updates easy for anyone to understand.