In 2021, the gaming industry have earned approximately $175 billion. As blockchain technology has become more prevalent in games, gamers are now enjoying the rewards of their efforts, with some earning up to $2,000 USD per hour on crypto games like Axie Infinity.
As their popularity grew, so did their token prices. The Sandbox captivated both retail and institutional investors when its coin soared over 800% in a month.
Recent studies predict that gaming, particularly the play-to-earn model (P2E), will grow by over 20% by 2022, with blockchain and crypto being the most suited technology and in-game money to support the business. While AXE and SAND are grabbing investor interest, here is a list of top and emerging blockchain gaming projects to keep an eye on!
After a recent increase of almost 100,000 percent in the previous 90 days, the newest entrant to the blockchain gaming arena is storming through the crypto world and playing with the big players. While $JED is a DeFi token in JEDSTAR DECO (Decentralized Ecosystem), the company will soon introduce its GameFi token $KRED.
The company has over 100 games in development that will use $KRED as an in-game currency and has partnered with other gaming developers and studios to provide their cryptocurrency as a service. Not only will this ambitious initiative produce in-house games and an NFT marketplace, but it will also form strategic blockchain and non-blockchain alliances.
This is another Ethereum-based cryptocurrency. Like the game Second Life, players are encouraged to create 3D in-game products to sell. The Decentraland cryptocurrency MANA is used to sell digital LAND, and it may also be used to trade 3D items. The game is up and running and shows the possibilities of crypto gaming.
Partnerships with Atari (ATRI) and Decentral Games (DG) might bring an in-world casino to Decentraland. If you desire, you may play the game now!
GALA Games (GALA)
Eric Schiermeyer, co-founder of mobile gaming startup Zyn, also the maker of games including Mafia Wars and Farmville, designed GALA, an Ethereum-based coin. The company aims to get users greater control over their tournaments.
The platform has 1.3 million active users. Owners of NFTs on the platform may vote on new games and influence gameplay. The GALA token is used to buy NFTs and in-game products. While other games are making, Town Star, a virtual town builder akin to Sim City, is already available.
Cryptocurrency gaming is a new rage. Play-to-Earn games will make current games disappear. Since actual ownership is exciting. This is especially true in the gaming sector, where individuals may now earn large sums of money for their efforts and enjoy exciting games.