GameFi and play-to-earn (P2E) projects and protocols have been rapidly growing in leaps and bounds, demonstrating significant advantages over conventional gaming and providing players with the unique potential to experience the benefits of their involvement.
GameFi incorporates features from developing blockchain sectors such as DeFi, NFTs, and decentralized gaming. This technology enables an individual to perceive in-depth knowledge of traditional gaming. NFTs, for example, have long been an integral part of GameFi, mostly functioning as in-game characters or assets. GameFi is dictating the crypto universe these days, handling billions of dollars each year. Apart from technologically reinventing the game industry, it is also positioning itself as a tremendously valuable investment opportunity.
How to Choose a Project to Invest in?
Without a question, the most essential feature to look for in crypto-based projects is security. Only invest through well-known and reliable launchpads after verifying the credibility of the initiative’s social media and social channels. Choosing a promising and trustworthy IDO (a source of gaining funds from retail investors) project is the first step towards a profitable investment venture. Unfortunately, some fraudulent projects continue to exist to defraud investors, so keep an eye out for them.
What are some emerging GameFi Projects?
Eran Elhanani and Constantin Kogan originally established GamesPad – serial business owners, and digital asset investors with a solid track record in the crypto industry. The team is launching the next-generation gaming platform, which will bring together three of the most profitable industries: gaming, NFT, and the metaverse. Eran Elhanani and Constantin Kogan, serial entrepreneurs, digital asset investors, and speakers with a track record in the crypto business, founded GamesPad. They are building the next-generation gaming platform that brings together three of the most lucrative fields: gaming, nanotechnology, and the metaverse.
The project will try to appeal to retail investors by providing timely access and the option to invest, along with VCs in the best crypto gaming projects. It will serve as a one-stop-shop for all gaming, NFT, and DeFi necessities. Young founders and initiatives will be supported by the platform, which will provide full development, mentorship, and network connections in the space. GamesPad is going to be the next big thing in the GameFi and Crypto universe and should definitely be considered as an anticipated project to invest in.
NTVRK is a blockchain-based social VR platform that enables users to create, share, and commercialize their creations. While it is uncertain how this infrastructure will operate under stress, it does present some intriguing possibilities. Exploring the infrastructure that will support current and future GameFi projects is always a good idea. NTVRK has a market valuation of less than $80 million, despite a 37.1 % weekly price increase.
3. Pegaxy Stone (PGX)
The Pegaxy Stone blockchain retains a dual token structure. To finish in the top three of all races, players must combine skill with strategy and deal with the game’s distinct elements. The project has a valuation of about $38 million because it is a GameFi venture with features of rental, production, and trading.
Gaming has emerged to be one of the finest, if not the best, applications of blockchain technology. With the rise of NFTs and the metaverse, blockchain gaming opens many options for players to make a fair living while having fun. As a result, it can drive mass adoption far faster than other market sectors, culminating in explosive growth for GameFi projects.