In recent months, the cryptocurrency and stocks market has been struggling, with Bitcoin hitting a whole new all-time low of the year. In a season of fear, uncertainty and doubt, many have started looking to the GameFi sector that promises not just earning from investments and buying tokens, but from actually playing games that users enjoy and profit from. Over the past few years, especially with the pandemic, Play To Earn (or P2E) has boomed, with gamers now being able to earn from their hobbies. Even in a market where all is looking down, here are a handful of GameFi projects that investors are still bullish on for future gains.
Yield Guild Games (YGG)
Yield Guild Games is a P2E gaming guild built on NFT assets of various blockchain games such as Axie Infinity, The Sandbox, Decentraland and so on. Within Yield Guild Games, guild members can lend and borrow NFTs to use in their own blockchain gaming experience. This means that YGG allows both old-timers as well as those new to GameFi to earn, giving old-timers a way to earn revenue and new users an opportunity to participate in the blockchain games. This way, its function keeps new users coming in and old users within the ecosystem as well. YGG’s makeup also helps to reduce the barriers to entry for new users, aiding in GameFi scalability.
MetaPocket is the best-performing one-stop digital crypto wallet optimized for GameFi, where users can execute multi-currency, multi-layer and cross-chain transactions. In-wallet, users can explore various games via Game Discovery, interact with said games via the In-App Game Browsesr, and use the Yield Farming feature to stake supported GameFi tokens and earn. Apart from functioning as a security for users, the METAPK token also offers holders benefits like airdrops, NFT tokens and more. Most impressively, MetaPocket has an in-app sniper bot that enables users to snipe tokens at launch at unbelievable speeds of up to zero seconds – which allows users to earn in more ways than one. With its functionalities of scaling for both users and developers to benefit from, both current GameFi users and new GameFi users stand to gain from the MetaPocket digital wallet, and it is likely that the project will continue to grow even during this year.
The Sandbox (LAND)
The Sandbox is a metaverse project that has always been one of the largest GameFi projects in terms of market cap. Within The Sandbox, players create 3D game worlds and digital assets, storing these assets on LAND – the real estate in-game. The SAND token allows players to purchase LAND and other digital assets, allowing them to not just have fun in this 3D gaming world but earning from both NFTs and the SAND token. Users get to build their own universe and earn from it in various means. The Sandbox often releases new events to keep users in its ecosystem and attract new ones in as well.
STEPN is one of the coins that is starting to see a slow recovery after the sharp drop in token price in May. It combines the real-world with the crypto world, being a Web3 lifestyle app with social-fi and GameFi elements. It combines aspects of a P2E game with a fitness app to create a new category called Move To Earn. Users purchase NFT sneakers which they can then use to earn in-game currency while walking, running or jogging. STEPN seeks to revolutionize the market of fitness apps by incentivizing millions of users to follow a healthier lifestyle. Their sneaker NFTs lead to a higher efficiency in term of currency earn. With the gamification of fitness, STEPN encourages users to live a healthier lifestyle and earn tokens for it, while STEPN’s contributions to buying Carbon Removal Credits on Solana help contribute to the environment. This project taps on the popularity of fitness apart from the wonders of blockchain.