GameFi is the nexus of gaming and finance in a setting powered by blockchain, non-fungible tokens (NFTs), and smart contracts. Never before has it been easier to play and earn. There are many opportunities to discover new games because there are hundreds of them competing for market share.
Here are the 5 Gamefi Projects to Play and Earn
- DeFi Kingdoms
- Axie Infinity
StepN is one of the most popular blockchain gaming properties right now. It’s a Move-to-Earn platform that pays users to exercise. To begin earning, players will need a pair of Sneakers (an NFT). Also, the floor price of which is currently 13.95 SOL. In light of the fact that a user needs to own several pairs of Sneakers to unlock higher earning potential, there is a significant financial barrier to entry.
2. DeFi Kingdoms
A game and a decentralized exchange are combined in DeFi Kingdoms. Battles, missions, and free play are not part of the game’s traditional gameplay structure. Players gather yield from the enormous DeFi Kingdom liquidity pools as part of the GameFi component. Although the name of this game implies that it is essentially DeFi with jazzy colors, it is still possible for it to be a fun way to make money.
For those who enjoy trading and collecting cards, this is the game for them. Splinterlands was designed specifically for the Hive blockchain, so it should come as no surprise that it is the most popular dapp there. Over 527,320 different active wallets connected to it in the last 30 days. Splinterlands is best played with a plan in mind. The best feature of Splinterlands is that it is absolutely free to start playing, at least at the entry level. The governance token is known as Splintershards (SPS). It is among the best illustrations of a play-to-earn game.
4. Axie Infinity
The year 2022 has not been kind to Axie Infinity’s fortunes. The platform’s proprietary blockchain Ronin was breached back in March, and the price of the in-game token AXS has fallen since its November 2021 peak. Since the start of the year, the prices of in-game NFTs and items have also decreased. However, the game’s developers have been putting a lot of effort into making sure the economy is long-term sustainable.
On the Ethereum blockchain, Illuvium is a free-to-play fantasy role-playing game that debuted its open beta in Q1 2022. The mythical creatures that populate the virtual world, known as Illuvials, are captured by players as they explore a 3D world. Even though the game is free to play, it improves significantly if you spend some money and purchase some good Illuvial avatars. By defeating opponents in combat or placing bets on the outcome of other users’ battles, players can earn rewards.
Also Read: What Is Star Atlas? How Much Does It Cost To Play Star Atlas?