GameFi market size is expected to reach a 2.8 billion valuation by 2028, per an analysis carried out by Absolute Reports.
This is a result of the convergence of many technologies and industries, with gaming, blockchain, and DeFi being the most prominent, GameFi never runs out of exciting projects.
Beneath the surface, many different actors from diverse backgrounds contribute to its high potential. Gaming platforms, developer tools, guilds, launchpads, and individual play-to-earn games all join forces to build a solid foundation for a healthy GameFi ecosystem. In this article, we introduce the top five Gamefi projects.
The move-to-earn app Sweatcoin plays an essential role in the worldwide adoption of blockchain. It is available in mobile app stores and very popular in 60+ countries.
The fitness app allows users to earn not only crypto rewards but also the ability to exchange tokens for digital and real-life products and services via 600+ partnerships with world-renowned brands and influencers. In addition, it helps raise funds for charities through the “Sweatcoin for good” program.
#2 Arc8 App by Gamee
Gamee is a blockchain gaming platform that connects gamers, brands, and blockchain projects. It publishes the Arc8 app, a mobile arcade where players can earn crypto rewards based on their gaming skills. Some games included in the Arc8 app are Hoop Shot, Qube2048, Manchester City Striker, and Pirate Solitaire.
Every season, partners sponsor “token takeover” tournaments by distributing their native tokens to winners. So far, many well-known projects’ tokens have supported Arc8 tournaments; Sand, Tower, Quick, Revv, and Matic are among them. You can follow the upcoming partnerships on Gamee’s Medium page.
Arc8 also holds other types of competitions, like 1v1 matches and skill-based tournaments, where winners earn GMEE tokens. GMEE is the access and governance token of the Gamee platform.
#3 Yield Guild Games (YGG)
Play-to-earn guilds help players earn money by providing scholarships and investing in game companies and their in-game NFT assets. Guild members and scholars can borrow these assets to play the games.
One of the top blockchain gaming guilds is YGG. The guild makes investments through the DAO treasury. Its portfolio has a large number of assets from prominent games, including 26,000 Axies, 16 Ember Sword NFTs, and 121 Guilds from the Guild of Guardians game. YGG has a SAFT (simple agreement for future tokens) with Illuvium and owns 286 land parcels in the League of Kingdoms.
YGG is also building subDAOs which are active in specific regions, like YGG Japan or YGG South East Asia. These subdivisions build new partnerships, onboard scholars, and host esports tournaments in their locations.
#4 Alien Worlds
The WAX-powered Alien Worlds has had a secure place among the most-played p2e games for a long time, but it is more than a game. It’s a space-themed NFT metaverse where you can find others in explorer communities to create NFT drops and your own games. Players can mine Trillium tokens inside the game and stake them to vote on DAO proposals. Alien Worlds has bridge solutions for Ethereum and Binance.
Seedify is a blockchain launchpad. It launched 50+ game projects through its incubation program. The Seedify incubator supports projects at three stages: pre-launch, launch (token generation event), and post-launch.
During pre-launch, the incubation team leverages Seedify’s web3 network, develops a marketing strategy, and gives advice on tokenomics and NFT utilities. Blockchain games can raise crowdsource funding on the Seedify platform via Initial Game Offerings (IGOs). Thanks to this, community members can get tokens of new games before they are listed on crypto exchanges. After the token launch events, Seedify continues to provide marketing support for the incubated projects.