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geoffleng · 1 year

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The Five Best GameFi Projects to Invest in in 2023

5. Immutable X

When you don’t know which game or crypto to invest in, better invest on the platform that hosts them instead. Immutable X is a Layer 2 of the Ethereum blockchain, which suppress all gas fee and by doing that they have been the number one choice for much of the developer wanting to make a crypto game. This solve a huge issue that made gaming unsustainable on the Ethereum blockchain as players had to pay hundreds of dollars for each transaction.

As said earlier Immutable X(the company) has been very successful in attracting many video games on their Layer 2 such as Gods Unchained, Guilds of Guardian, and Illuvium. Veve one of the biggest NFT platform also chose Immutable X which means Disney, Marvel, and other huge brands have their NFT on the Layer 2.

Immutable X has recently received $200 million from Tencent, Animoca and other Investors for their C Round. The company is now valued at $2.5 billion, which should make any investors at ease when thinking about Immutable X’s future.

4. DeFi Kingdoms

An argument can be made for DeFi Kingdoms to be the most complete play-to-earn game in the GameFi ecosystem. It is not ahead of Axie Infinity yet in terms of market capitalization and lifetime value in NFT sales, but outside of that, DeFi Kingdoms has created unique gameplay mixed with DeFi functionalities that can prove to be better than any other P2E game.

The unique value proposition for DFK players is that they can level up their in-game NFTs or heroes by participating in daily quests, which would augment their yields over time. To add to that, players can also engage in liquidity mining of its in-game currency, JEWEL, to generate passive rewards.

Another reason to be bullish about DeFi Kingdoms is its cross-chain expansion to Avalanche. This would significantly increase the locked value and tap into user bases on other blockchains.

3. Illuvium

One of the most anticipated blockchain titles in the gaming industry is Illuvium. It is said to be the first-ever game to have gameplay similar to a AAA video game. The open-world of Illuvium is developed using Unreal Engine 4. And it is expected to give players a visual treat.

Illuvium is also creating a subset of the main game called Zero. It will be used for creating virtual assets inside the metaverse, similar to how The Sandbox transforms virtual assets into NFTs. Players can populate their virtual lands and add more resources to increase their value in the secondary market. To sell in-game assets, such as weapons, skins, and armor, players will be using IlluviDex, an NFT marketplace of Illuvium.

Players of Illuvium also don’t have to worry about high gas prices, thanks to Immutable X’s layer two solutions. This drastically improves the gaming experience and performance on Illuvium. After many delays and rescheduling, Illuvium is finally set to release its open beta version in late Q1 2022. By the end of the year, a mobile version of the game will also go live.

2. Cashbox

Cashbox is the world's first blockchain game that combines the ancient civilized world with the legendary gem NFT and Mewtwo Mythical Animals.

In the early Teaser version of Cashbox, they provide a space with the background of the four ancient civilizations. We travel into the past, seeing Mesopotamia, Egypt, the India valley, and China. Such a simulated virtual world has all the elements of the real world, including identity, business, entertainment, social interaction, civilization, administration, etc. What’s more important, it enables us to feel something. When you roam around the world through your avatar, social life, administration and digital properties, all these can give you a feeling, which is very important for it proves that Metaverse can bring us immersive experience and ensure digital uniqueness. That’s the value and beauty of it.

1. Axie Infinity

In 2021, Axie Infinity initiated a parabolic run for the GameFi market as it showed the potential and promising concept that is play-to-earn. For a brief period last year, Axie Infinity averaged nearly 30 million dollars in revenue every day.

Axie Infinity’s simple game mechanics, involving users minting Axie NFTs, forming a team, and winning battles to earn money, propelled the vast majority of gaming enthusiasts to give it a shot. It also allowed Axie players to generate passive revenue from AXS (governance token) staking.

The future of Axie Infinity is quite promising. The team plans to transition to a more decentralized structure that gives players control over the treasury, which is worth nearly a billion dollars. In addition, a new version of Axie Infinity, The Origin, is launching in Q1 2022 with many improvements to the storyline, graphics, and design.

#nft games #nft #cashbox #cashbox metaverse #illuvium #Axie infinity #metaverse

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