GameFi projects to keep an eye on in 2022

Naturally, Axie Infinity’s axes have marked a before and after in more than one industry, but especially in GameFi or gamified finance that have emerged with the growth of DeFi and NFTs. Who would have thought a few years ago that so many people would be hooked on a random creature game, right? This is the world we live in today, a small game can evoke the joy of the international community and go viral, just like the content of influencers, news, etc. goes viral.

Expectations for GameFi in 2022

Axie Infinity caused an unparalleled sensation now the industry is looking for the next big hit driving the market to new destinations, what could that be? This year there are good candidates who pose P2E modes (play to earn or play to win) are attractive to users. This concept of owning the assets produced in games is changing the way we understand gaming, an industry that moves billions every year and hasn’t stopped growing for the last few decades.

However, one disadvantage of centralized video gaming is that all The assets (characters, themes, items, etc.) that you can get after hours of farming are in a way not yours. Namely, if the company managing the video game has been hacked or has stopped providing serviceslike what happened at Parangon years ago, everything you have earned in your player account so far will disappear without remedy. That is exactly what P2E aims to change.

Games for the Metaverse

GameFi projects to keep an eye on in 2022
GameFi projects to keep an eye on in 2022

With the growing popularity of the Metaverse, it is expected that more and more games will be available on the various popular blockchains. DeFi kingdoms It proposes an ecosystem similar to that of the Axies, in which you can also level up your NFTs and passively obtain assets through mechanics of the game itself in the cross-chain with Avalanche. For his part Xchange Monster is another game that implements GameFi in its own style, including a payment gateway using crypto and fiat to get game items easier.

In short, there are more and more interesting options for game enthusiasts. The P2E mode adds a plus that traditional video games currently don’t have. It is possible to mine Bitcoin or Ethereum Few people can afford the necessary equipment for the activity. However, to participate in GameFi, all you need is a smartphone Reduce entry barriers to a minimum and playfully acquire assets that belong to you. And you, have you tried any of these decentralized games yet?

Disclaimer: The information and/or opinions expressed in this article do not necessarily reflect the views or editorial line of Cointelegraph. The information contained herein should not be construed as financial advice or investment recommendation. All investment and trading movements involve risk and it is the responsibility of each person to conduct their proper research before making any investment decision.

You might be interested in:

Investing in crypto assets is not regulated. They may not be suitable for retail investors and you may lose the entire amount invested. The services or products offered are not intended for and are not accessible to investors in Spain.

Similar Posts