Five GameFi Crypto Tokens that You Should Be Playing
The crypto market seems to have lost its luster for a while now, with the overall market valuation falling below $2-trillion. Despite Bitcoin’s 13th birthday celebrations, the crypto carnage has persisted. The blue-chip cryptos are now battling for action with a dramatic drop in volumes. However, the current drop has not affected some tokens and has not deterred investors, who are now looking for tokens to fill their bags. Here are a few expert-picked crypto tokens that are showing great potential. Axie Infinity ($AXS) Axie Infinity is a play-to-earn game that allows users to buy,....
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The GameFi sector has achieved unprecedented growth over the past couple of years and is attracting investors. The crypto industry has grown tremendously over the past couple of years, and one of its biggest drivers is the GameFi industry. GameFi — a portmanteau of gaming and finance — enables gamers to earn rewards while playing.The market has been growing steadily and presently has a token market cap of approximately $9.2 billion. Notably, GameFi networks have continued to thrive despite the crypto winter. Indeed, the industry is forecasted to reach a $74.2 billion valuation by 2031.How....
The executives say traditional jobs are increasingly at risk through factors such as automation, but GameFi can provide a viable alternative to earn a wage. Australian-based Web3 game studio Ninja Syndicate's CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games.Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that traditional jobs are increasingly at risk through factors such as automation.According to the game developers, blockchain games can and are playing a vital role for people to earn a living in....
Although non-fungible tokens, or NFTs, have a modest presence in the video game business through GameFi, some players find that to be too much. Quick and ferocious backlash over the prospect of any well-known gaming company using digital currencies has forced some developers to quickly abandon ambitious plans. Gamers Aren’t Interested In GameFi In the […]
DeFi DeFi (Decentralized Finance) burst into 2020 with resounding success, rising from a combined $900M market cap in January 2020 to $253B by the end of 2021. DeFi offered true decentralization of finance by automating transactions through the blockchain. DeFi also provides optional yet lucrative features such as staking. However, the cryptocurrency market moves quickly, with innovation always one step ahead. As 2022 began, Google search trends started to slow down for DeFi, with GameFi growing in popularity. GameFi GameFi expanded upon this by building DeFi and blockchain features onto....
While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022. GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential.The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as an entry point for numerous first-time investors. A ChainPlay survey participated by 2428 GameFi investors revealed that 75% of the respondents joined the crypto space solely....