Top GameFi Projects to Watch Out for in 2023
Within a couple of past years, GameFi has grown in popularity immensely. It is connected with the fact that in GameFi, people do not only play games. When they compete with each on a gaming arena, trade, participate and win in tournaments, manage lands or other infrastructure components in virtual worlds, they earn money.
Existing GameFi Projects to Watch in 2023
The most popular of the projects that have been here for a while are the following.
Sandbox is working on creating a virtual world where users can do what they normally do in their daily lives: live, construct, work, do shopping, etc. Along with excellent earning opportunities, Sandbox offers excellent gameplay. In the Sandbox metaverse, gamers can not only earn but do it while enjoying all their activities: attending and participating in their favorite shows and events, exploring, constructing, etc.
Sandbox doesn’t limit gamers to the existing options but expands the number and type of activities constantly. This is another detail that makes Sandbox increasingly popular and Sand tokens – demanded.
The Sandbox platform is easy to use – a feature that makes it very attractive to beginners. It allows it to widen its target audience to those who would like to try a metaverse but were frightened off by its complexity from the technical point of view.With all the mentioned benefits, Sandbox is a metaverse that is here to stay.
Axie Infinity is the first blockchain-based play-to-earn game that has earned immense popularity. Axie Infinity was very popular during the COVID pandemic. When people started losing their jobs, many of them started looking for options to survive and discovered Axie Infinity.
After the pandemic was over, Axie Infinity still continued to be one of the top popular projects. Many people in the Philippines, for example, used to earn more money while playing than they were paid in their jobs previously.
However, with the arrival of a prolonged bear market during the recent crypto winter, all crypto tokens, including those used in Axie Infinity, dropped in value, and many players just left the game, causing a massive 98% drop in the game ROI.
Some projects still do not offer extended functionality because their developers are working to create metaverses that will be able to compete in the future.
The Otherside was branched out from Bored Ape Yacht Club, an ambitious project whose non-fungible tokens are known to be among the most expensive in the market.
Otherside is still under development. It is going to be a gamified interoperable metaverse blending multiplayer games and Web3-enabled worlds. Yuga Labs knows all about expensive projects and thus, it is difficult to expect that free players will be let in Otherside.
The game looks promising from what we can see now. But only when the platform is live, allowing players to access the available features, will we see the real value of this platform, and it is quite possible that this will become one of the most successful NFT projects (even though, judging from the start, one of the weirdest, too).
Star Atlas is another promising project. It positions itself as a grand strategy game of space exploration, conquest, and so on.
This is a community-focused project. It is expected that players will decide how the Star Atlas is going to develop.
Plenty of games and immersive experiences, top quality, and carefully-developed gameplay are definitely the attractive points. The absence of decent experiences for non-paying users is a significant drawback. If you hope to join a free-to-play version of Star Atlas, you might be highly disappointed.
Even though the game developers didn’t provide those who don’t buy in-game money with an opportunity to enjoy the game, Star Atlas takes its place among the most promising NFT projects, and its utility token value may boost in 2023, especially if the team delivers some significant advancements.
ElseVerse is still under development, but the potential is seen even by inexperienced investors. This metaverse project is an incubation of BullPerks and GamesPad. It is led by a team of experts, those who have been in the area for ages and know everything about blockchain and the metaverse.
The main difference between ElseVerse and Metaverses is that the project doesn’t concentrate on providing gamers with earning opportunities only. In the ElseVerse world, one can find his place based on his skills and wishes.
Those who would like to trade can open a shop or just become one of those merchants who travel around looking for rare game assets and resources and reselling them.
Cashbox is a nft games from the “past”, nowadays all crypto games in the market are set in the distant future, but Cashbox is special, it takes the ancient world civilization as the background and builds a meta-universe parallel to the real world. You can summon Mythical beasts to ally and fight with other teams from other worlds to stabilize the order of the multiverse. Each Mythical beasts is a unique NFT who will become uniquely valuable in battle after battle. Collect them well, I believe this is the first time you have seen an NFT that will actively increase in value like this.
MetaVision is another possible leader in the future gaming industry. It enables users to get the best gaming experience on Binance Smart Chain with lower in-game transaction costs and faster speed of transactions than on the Ethereum network.
This is going to be a comprehensive metaverse that offers top gaming experiences and is based on four pillars: play-to-earn games, life experience, virtual merchandise, and virtual advertising.
So, users will be able to earn money by getting and upgrading digital assets with an opportunity to benefit from renting them or selling them for a profit in a marketplace. Some in-game items will be unique or rare, which will boost their value.
