Following the popularity of decentralized finance (DeFi), it was time for non-fungible tokens (NFT) to shine and, to the surprise of many, NFTs took center stage and remain at the forefront with the highest volume of sales, occurred in early January 2022.
Although 2021 became the year of NFTs, GameFi apps did overtake DeFi apps in terms of user popularity. According to data from DappRadar, collected by Bloomberg:
“Nearly 50% of active cryptocurrency wallets connected to decentralized apps in November were for playing games. The percentage of wallets connected to decentralized finance dapps, or DeFi, fell to 45% during the same period, after months of being the main use case for dapp”.
P2E blockchain game Axie infinity skyrocketed and started to a P2E gaming craze that is expected to continue throughout 2022. Cryptocurrency pundits and gaming advocates have high expectations for blockchain-based P2E gaming and there are bound to be some sleeping giants dominating the sector.
Let’s take a look at five blockchain games that could be trending in 2022.
DeFi Kingdoms
The inspiration for DeFi Kingdoms came from an early s encillo: the passion for investment that attracted developers to blockchain technology. DeFi Kingdoms was born as a visualization of investing in a liquidity pool in which the “gardens” of the game literally and figuratively represent the token pairs and liquidity mining.
As shown in the game, investors have a part of their share of liquidity providers within a plot full of flowering plants. By marrying the concept of growth to DeFi protocols within a play-and-earn model, DeFi Kingdoms puts a spin on what “playing” a game means.
DeFi Kingdoms TwitterBased on the Harmony network, DeFi Kingdoms became the network’s first project to top the DappRadar charts. This could be attributed to the influx of people interested in both DeFi and blockchain gaming, or the recent rise of its in-game utility token (JEWEL).
JEWEL is a token of utility that allows users to purchase in-game NFTs to increase base-level stats, and is used for liquidity mining that gives users the opportunity to get more JEWEL through staking.
JEWEL is also a token of governance that gives holders a vote in the growth and evolution of the project. In the last four months, the price of the token has gone from $1.23 to an all-time high of $22.52. At time of writing, JEWEL is down nearly 16%, trading at $19.51.
The price of the JEWEL token, which has soared roughly 1,487% from its humble start of $1.23 four months ago , in September, is up roughly 165% in the last month alone, according to data from CoinGecko.
Guild of Guardians
Guild of Guardians is one of the most anticipated blockchain games in 2022 and is built on ImmutableX, the first layer 2 solution built on Ethereum that focuses on in NFTs. In order to provide greater access, it will function as a free-to-play mobile RPG modeling play-to-earn mechanics.
Guild of Guardians Like other blockchain games like Axie Infinity, Guild of Guardians game assets can be traded. The project seems to be of interest to many players and investors, as both its NFT founders sale and the
token launch generated nearly $10 million in volume.
Guild of Guardians (GOG) tokens, due to launch in October 2021, they are ERC-20 tokens known as “gems” within the game. Gems are what drive key game features such as in-game NFT minting, interact with the market, and are available to earn while playing.
In the last month, the token from Guild of Guardians has performed very well, reaching an all-time high of $2.81. Even though the token is down almost 50% from its all-time high, at the time of writing, some Community members are waiting for the possibility of staking pools and liquidity, which are features that tend to help stabilize token prices.
Galaxy Fight Club
Can you imagine taking a picture test (pfp) NFT and turn her into an avatar to fight against other fighters in a galaxy far, far away? Galaxy Fight Club (GFC) is a blockchain game that changed its mechanism from a collection of 10,000 avatars to the first multi-brand, cross-platform PvP game where players can battle with their collection of avatars.
Focused on interoperability, GFC gives unique value to its original fighters, but allows other avatars to fight for a chance to earn rewards.
It is expected that the game launches on the Polygon network and will feature different themes from various partner collections, such as Animetas and CyberKongz, integrating its cross-platform goal. GFC plays to the nostalgia of Super Smash Bros., except that you fight for loot keys instead of just blasting your opponent.
GFC is currently in beta testing, and faces small setbacks, such as the delay of the IDO. As of today, it is unclear when public access will be available, but many expect it to be in the first quarter of 2022.
GCOIN
Each fighter in Galaxy generates between 5 and 15 GCOIN daily, and each fighter started generating GCOIN in October 2021. If sell a fighter, the new owner will inherit the currently accumulated GCOIN. GCOIN are likely to be valuable in the ecosystem because they are needed to power player in-game movement, weapon forging, opening loot chests, and training and selling second-gen fighters.
Despite its minor hiccups, an IDO for GCOIN has been scheduled on PolkaStarter for January 6 and 4 million tokens are scheduled to be put up for sale at $0.50 each and a maximum allocation of $0. 500 per wallet. Unfortunately, the project’s KYC requirements and whitelisting have left many residents out.
According to Ado, one of the project managers, “the first USD 1.5 million was purchased and sold out in about 15 minutes, at which point the remaining $500,000, reserved for Battle Pass owners only, took another hour to fill,” indicating the success of the IDO. Approximately 2,600 unique wallets they own GFC fighters, and the biggest wallet has nearly 2% of the entire collection.
CryptoBeasts
CryptoBeasts is a digital pixel art game that evokes the retro feel of the original Zelda game. Built on the Ethereum blockchain, CryptoBeasts is a “peer-to-peer electronic rare egg system” (first for all, right?) These 10,000 pixelated colored eggs grant each owner a plot of land in the “Eggland” universe of the game and a vote in the DAO.
The DAO works on a hierarchy where the number of eggs a player owns determines their status and, oddly enough, every decision seems to be calculated in CryptoBeasts. Numbers are noteworthy as they can determine a user’s status, and prime number eggs offer benefits such as gaining more of your native CBX token and also hatching rare beasts with increased strength.
According to data from Dune Analytics, the best-selling rare egg was 5 Ether, valued at $9,085 at the time of sale. On December 31, 2021, an announcement about the game’s tokenomics caused a spike in sales and the current entry point of 0.05 Ether is noticeably higher than the mint price of 0.01 ETH in June 2021.
CBX token
Although Cryptobeasts claims that it is not It is not “play-to-earn”, but “fun-to-play”, it is still a blockchain game whose competitive advantage also depends on its tokenomics. The native token, CBX, is the in-game token that is scheduled to be sent to all rare egg holders.
CBX tokens can be used and earned in a variety of ways, such as beast fighting , in plots that generate CBX daily, completing certain tasks in the game and farming and obtaining resources.
You can stake with CBX, encouraging HODLing a little more than expected. The token is expected to power in-game utilities and functionality, such as purchasing items within the in-game economy for beast breeding. Like Axie Infinity, but not by chance, CryptoBeasts intends to integrate academies and scholarships to give the largest investors the opportunity to lend their assets.
Axie Infinity
In particular, Axie Infinity, the first blockchain game to run its “play-to-earn” model, it has an established and highly developed ecosystem with a solid economic model. Axie Infinity is currently considered the Trojan horse for the wider adoption of blockchain gaming.
Axie Infinity continues to solidify its place at the top of DappRadar’s NFT rankings, according to their data. As the most traded collection, Axie Infinity ranks above NBA TopShot, Splinterlands, and WAX’s blockchain game “Farmer’s World,” earning $563.6 million in the last 30 days.
SLP, AXS and RON
The Axies are the NFTs that are used to play and can be raised using SLP, the game’s utility token, and AXS, which is the governance token. Staking is possible with AXS, and with over $1.68B staked, users are still getting a hefty APY even though the yield has dropped from over 200% at the start to roughly 86%.
The recent release of the DEX Katana offers players the opportunity to provide liquidity using SLP or AXS to get RON.
RON is the ecosystem token and, like MATIC, will be used as gas rates on the Axie Infinity Ronin sidechain. Axie Infinity, in many ways, is its own digital nation with a real economy.
Like any first-to-market project, it faces challenges and its recent price correction could be an attractive entry point for investors previously hesitant to invest. With land yet to come, users may have the opportunity to create and generate resources that will generate other tokens.
One of the largest digital land sales in the NFT sector to date /metaverse came from the hand of Axie Infinity one of the 75 genesis plots that was sold for USD 2.3 million.
Adapting to the growing ecosystem of blockchain games, the Sky Mavis team has announced that it has rewritten the main engine, going from its 2D art style to 3D. The team has also announced that “Project K”, the codename for a part of the game and the kingdom of Lunacia, will be released in phases, with each phase focusing on different elements of the game, from resource gathering to “group strategic gaming”.
As the concept of blockchain gaming gains wider adoption, and “play-to-earn” and “play-and.-earn” models continue growing, 2022 will be an exciting year for gamers, creators and investors alike.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should do your own research when making a decision.
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