A few Gamefi games to look forward to in 2022!
A few Gamefi games to look forward to in 2022!
NFT looks set to rule 2022, and the recent shift to NFT utilities in P2E games could make blockchain gaming the darling of the year. Following the rise in popularity of decentralised finance (DeFi) and the rise of non-monetised tokens (NFT), to the surprise of many, NFT became the focus of attention and remains front and centre now, with the highest sales occurring in early January 2022.
While 2021 became the year of NFT, the GameFi app did overtake DeFi in terms of user popularity. according to DappRadar, Bloomberg gathered that.
“Nearly 50% of active cryptocurrency wallets connected to decentralised apps were used to play games in November. The proportion of wallets associated with decentralised finance (DeFi, dapps) fell to 45% in the same period, after having been the leading dapp use case for several months.
Blockchain gaming revenue (P2E) game Axie infinity soared and sparked a gaming boom that is expected to last until 2022. Crypto experts and gaming advocates have high expectations for P2E blockchain-based games, and there are sure to be some sleeper giants that will dominate the industry.
Let’s take a look at a few of the blockchain games that could make waves in 2022.
DeFi Kingdoms
DeFi Kingdoms was inspired by simple beginnings — a passion for investing that attracted developers to blockchain technology. deFi Kingdoms was born out of a visualisation of liquidity pool investing, where ‘gardens’ within the game represent literal and metaphorical token matching and liquidity pool mining.
As shown in the game, investors own a portion of the LP share in a plot filled with blooming plants. DeFi Kingdoms puts a twist on the ‘play’ game by attaching the concept of growth to the DeFi protocol in the game and revenue model.
DeFi Kingdoms was built on top of the Harmony Network and became the first project on the network to top the DappRadar charts. This can be attributed to the influx of individuals interested in DeFi and blockchain gaming, but also to its recent surge in in-game utility token JEWEL.
JEWEL is a utility token that allows users to purchase NFT in-game gains to increase the attributes of the base level. It is also used for liquidity mining, giving users the opportunity to earn more JEWEL through pledging.
JEWEL is also a governance token, giving holders a vote in the growth and development of the project. In the last four months, the token price has soared from $1.23 to a record high of $22.52. At the time of writing, JEWEL is down nearly 16% and trading at $19.51.
Guild of Guardians
Guild of Guardians is one of the most anticipated blockchain games of 2022, built on top of ImmutableX, the first layer 2 solution built on Ether and focused on NFT. designed to provide more access, it will run as a free-to-play mobile role-playing game that models the P2E mechanic. Similar to blockchain games such as Axie Infinity, in-game assets from Guardians Guild can be exchanged. The project appears to have generated a lot of interest from gamers and investors, with its NFT founder’s sale and token release generating nearly $10 million in trading volume.
The Guardians of the Guild (GOG) token launches its in-game token in October 2021 and is an in-game ERC-20 token known as a “gem”. Gems are key in-game features such as minting in-game NFTs and interacting with the marketplace, and can be earned while playing the game.
Over the past month, the Guild of Guardians token has been fairly stable after soaring to an all-time high of $2.81 following its launch. Despite the token being down over 50% from its all-time high, at the time of writing some members of the community are looking forward to the possibility of pledges and liquidity pools, features that often help stabilise token prices.
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Cashbox
What fun it is to acquire a piece of land from one of the four ancient civilisations in the Cashbox multiverse, a magical land where you can summon legendary beasts, where you can literally feel the legendary cities and magical creatures that fill them and claim them for yourself. The Diamond NFT is a must-have for every player as the key to the metaverse in Cashbox. This parallel space matrix platform for players worldwide allows you to open up endless possibilities on it.
Cashbox games are more about long-term development and fun than just boring missions. The game, which is expected to be available to all players in 2023, will be released on ethereum. All NFTs earned in the game can be auctioned on the secondary market.
Interestingly the diamonds and metaverse land rarity in Cashbox are tied to each other, which makes one think that perhaps an investment in the game’s diamond NFT alone is an option worth laying out. With a bit of luck, you can grab one of the large carat diamonds in the same series of blind boxes and own the rarest plots of land in the main city of the city-state. Players with Diamond NFTs and game tokens will also have the opportunity to participate in the development and growth of the project in the later stages of the game.
Cashbox is currently in the promotional phase and is expected to go live this year for whitelist users in an internal test.
Galactic Fight Club
Imagine taking a Picture Validation (PFP) NFT and turning it into an avatar to fight other fighters in a galaxy far, far away? Galactic Fight Club (GFC) is a blockchain game that switches from a collection of 10,000 avatars to the first cross-brand and cross-platform PvP fighting game where players can use their collection of avatars to fight.
GFC focuses on interoperability, uniquely high on its original fighters, but allows other avatars to compete for the chance to earn rewards.
The game, which is expected to launch on the Polygon network, will use different themes from various co-op series such as Animetas and CyberKongz to integrate its cross-platform objectives. gfc capitalises on SuperSmash Bros. nostalgia, except one is fighting over loot keys to open loot boxes instead of simply destroying their opponents.
GFC is currently in beta testing and is facing some minor setbacks, including a delayed Initial DEX Release (IDO). So far, it is unclear when public access will be available, but many are hoping for a Q1 2022 launch.
CryptoBeasts
CryptoBeasts is a pixelated digital art game with the retro feel of the original Zelda games. built on the ethereum blockchain, CryptoBeasts is a “peer-to-peer electronic rare egg system” (first of all, everything, right?) The 10,000 pixelated coloured eggs grant each owner a piece of land in the game’s ‘Eggland’ world and a decentralised autonomous organisation (DAO) to vote on.
The DAO operates on a hierarchical structure, as the number of eggs owned by the players determines their voting status. Strange as it may sound, each decision seems to be calculated in CryptoBeasts. The numbers are noteworthy because they can determine one’s status, but prime egg touting has the benefit of generating more native CBX tokens and also hatching rare beasts of increased strength.
According to Dune Analytics, the best-selling rare eggs sell for 5 Ether (ETH) and are worth $9,085 at the time of sale. 31 December 2021, an announcement regarding in-game tokenomics has led to an uptick in sales. The current cut-off point of 0.05 ETH is significantly higher than the June 2021 mint price of 0.01 ETH.
While Cryptofeaasts claims that it is not just about “playing to win” but “playing to have fun”, it is still a blockchain game and its competitive advantage depends on its token economics. The native token, CBX, is an in-game token that is scheduled to be airdropped to all rare egg holders.
CBX tokens can reportedly be used and earned in a variety of ways, such as beast battles, generating plots of CBX daily, completing certain in-game tasks and farming and harvesting resources.
CBX can also be pledged to incentivise HODLing for longer than expected. It is expected that the token will power in-game utilities and features, from purchasing items in the in-game economy to reproduction. Similar to Axie Infinity, but not by accident, CryptoBeasts intends to integrate colleges and scholarships to provide larger investors with the opportunity to lend their assets.
Axie Infinity
As the first blockchain game to execute its game-to-revenue model, Axie Infinity has a mature and highly developed ecosystem with a strong economic model. Axie Infinity is now seen as the Trojan horse of broader adoption of blockchain gaming.
According to its data, Axie Infinity continues to consolidate its position in the DappRadar NFT rankings. As the most traded collection, Axie Infinity sits above NBA TopShot, Splinterlands and WAX Blockchain’s “Farmer’s World”, having completed $563.6 million in the last 30 days.
One of the largest digital land sales in the NFT/metaverse space to date came from Axie Infinity: one of 75 Genesis plots that sold for $2.3 million.
To accommodate the rapidly growing blockchain gaming ecosystem, the Sky Mavis team announced that it has rewritten its core engine from a 2D art style to 3D. The team also announced that ‘Project K’ (the codename for the game and the Kingdom of Lunacia) will be released in phases, each focusing on a different element of the game, from resource gathering to ‘group strategy gameplay’.
2022 will be an exciting year for gamers, creators and investors alike as the concept of blockchain gaming becomes more widely adopted and the ‘game-to-revenue’ and ‘game-and-revenue’ models continue to evolve.
