Over 175 billion dollars will be spent in the gaming business by 2021. And, while this revenue has traditionally been distributed to gaming studios such as Blizzard or Tencent, we have seen a shift this year with the spread of blockchain technology in games, with gamers reaping the benefits – some players reportedly earning up to $2,000 USD per hour on crypto games such as Axie Infinity ($AXS – Price: $126.69 – Market Cap: $8.3B).
As their popularity and adoption grew, so did the value of their tokens. When The Sandbox’s token ($SAND – Price: $7.50 – Market Cap: $6.8 B) rose over 800 percent in a month, it drew both ordinary investors and Wall Street.
And the trend does not appear to be slowing down, with recent studies predicting that gaming, particularly the play-to-earn model (P2E), would see a 20 percent increase in 2022 – with blockchain and crypto being the most appropriate technology in-game currency to support the strategy.
While AXE and SAND are capturing the attention of investors, if you have missed them, we have compiled a list of top, and emerging blockchain gaming projects that we feel should be on your radar!
JEDSTAR ($JED- Price: $0.73 – Market Cap: 31M) – The latest addition to the blockchain gaming arena is blasting through the crypto world and playing with the big boys after a recent surge of nearly 800 percent in the last 30 days and with plenty of room to grow as their market cap is in the 30M USD range.
While $JED is a DeFi token in JEDSTAR’s DECO (Decentralized Ecosystem), the team will soon debut its highly awaited GameFi token $KRED. The company has over 100 games in the works that will use $KRED as in-game money, and they have struck partnerships with other gaming developers and studios to provide their cryptocurrency as a service. This ambitious initiative aims to take over large brands by building in-house games and an NFT marketplace and forming strategic blockchain and non-blockchain collaborations.
This is another cryptocurrency that operates on the Ethereum network. Gamers are encouraged to develop 3D in-game products that they may later sell, similar to Second Life.
MANA (Decentraland’s money) is used to purchase and sell virtual land known as LAND. It is also used to swap or trade three-dimensional things. The game is partially operational and is a decent attempt to demonstrate the possibilities of crypto games.
Atari (ATRI) and Decentral Games (DG) are possible Decentraland partners that might offer an in-world casino to the network.
The GALA Games (GALA)
GALA is an Ethereum-based currency developed by Eric Schiermeyer (co-founder of mobile gaming business Zyn, whose objective is to build “blockchain games you’ll want to play”). It intends to provide these users with more control over their games.
Eric Schiermeyer, one of the co-founders of mobile gaming giant Zynga, which generated games such as Mafia Wars and Farmville, founded it in 2019.
The platform has 1.3 million active users, which is rather amazing. Players that own NFTs on the platform may vote on new games and affect how they are run.
These NFTs, as well as in-game products, are purchased using the GALA token. While other games are in the works, Town Star, a virtual town builder similar to Sim City, is currently available on the platform.
The next big thing in gaming is cryptocurrency gaming. Play-to-earn games will undoubtedly render all present games obsolete. True ownership is all the vogue these days.
If you don’t want to lose out on your next opportunity to become extremely wealthy, get on board as soon as possible!