The Top Five GameFi Projects of 2023
Cryptocurrency enthusiasts have endured a particularly tough year. From the demise of LunaTerra to the continued troubles for prominent exchanges, there needs to be more room for optimism. But, despite the difficulties, the GameFi space has continued to flourish, with new projects and development teams pushing the sector further than ever before.
According to a report published by Absolute Reports, the GameFi market size is expected to reach a 2.8 billion valuation by 2028, which is undoubtedly a call for optimism.
Bringing together all the best parts of the digital space, GameFi incorporates blockchain, DeFi, and gaming. With the gaming industry becoming increasingly profitable, the connection with DeFi is all the more exciting.
Now gamers can earn in-game tokens and currencies with real-world value. The GameFi ecosystem is growing, but which projects are at the forefront, and where should you be looking to play this year?
Top Five GameFi Projects
Planet IX
Planet IX delivers an exciting GameFi NFT-based platform focused on strategy-based gaming. The project hopes to raise awareness of sustainability issues through its vision as a game.
The Planet IX metaverse is a copy of the earth, with the planet’s area divided up into territories known as PIX (which represent the games’ NFTs). Players will also interact with the other form of currency in the game, the IX token (IXT), which holds value outside the game and can be traded on various prominent crypto exchange platforms.
Planet IX comprises some 1.6 billion PIX, so there is an excellent opportunity for growth and development. A collaborative game that brings together real-world problems and the metaverse is an intriguing angle and may help to thrust the genuine benefits of metaverses into the mainstream.
Sweatcoin
The latest in move-to-earn apps, Sweatcoin, takes off on a similar trajectory to the StepN platform, offering users the chance to earn crypto for exercising. The platform is available worldwide, with users signing up in over 60 countries.
The fitness app gives users crypto rewards in digital tokens for taking part in specific challenges and, ultimately, moving their bodies. The platform has inked over 600 deals with various world-renowned brands and influencers in an attempt to bring Sweatcoin to the forefront.
The game is unique and will be one to watch in the coming years.
Arc8
The latest project from Gamee, Arc8, is a mobile arcade where players can earn crypto rewards based on their skill in-game. The Arc8 app offers customers access to various great games, including Hoop Shot, Manchester City Striker, Qube 2048, and Pirate Solitaire.
Success in these games will give players access to rewards through the app. Every season, partners sponsor a “token takeover” tournament, rewarding winners of tournaments with their native tokens.
The app has partnered with various blockchain projects, including Matic, Tower, Quick, Revv, and Sand. The game also holds 1v1 matches and skill-based tournaments, where winners earn GMEE tokens, giving users access and governance on the Gamee platform.
Yield Guild Games (YGG)
YGG is Another Play-to-Earn platform, with players earning money by providing scholarships and investing in game companies. Guild members and scholars can borrow in-game assets to play the games.
The guild makes investments through the DAO treasury. The portfolio has many assets and leading NFT-game platforms, including 26,000 Axis, 16 Ember Swift NFTs, and 1212 Guilds from the Guild of Guardians game. On top of that, YGG has 286 land parcels in the League of Kingdoms.
The vision for YGG is to develop the guild using subDAOs active in specific regions, such as YGG Japan and YGG South East Asia, aiming to build new partnerships onboard scholars and host esports tournaments.
Seedify
Finally, we look at the blockchain launchpad Seedify, which has some 50+ projects on offer through its incubation program. The Seedify incubator supports GameFi projects at three stages: pre-launch, launch, and post-launch.
The vision of the company is to help projects leverage their Web3 offering by providing a solid marketing strategy and giving advice on tokenomics, as well as offering advice on how to generate token purchases at launch. New projects can raise crowdsource on the Seedify platform via Initial Game Offerings (IGOs).
This gives investors and gamers quick access to tokens of new games before they go live on exchanges. Through continued marketing support, Seedify helps projects move forward and progress in the GameFi space.
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