In 2021, over $175 billion was spent in the gaming industry. While this revenue has always been distributed to game studios like Blizzard or Tencent, this year has seen a shift in games with the spread of blockchain technology.
With the increasing popularity of crypto money games, there has been an increase in the token prices of crypto money games. Tokens from games like The Sandbox (SAND- Price: $7.50 – Market Cap: $6.8B) have surged over 800% in a month, attracting both retail investors and Wall Street. According to the surveys, he stated that the win-win model (P2E) games will see an uptrend of over 20% in 2022.
In this article, we have listed the blockchain game projects that we believe should be on your radar.
1. JEDSTAR (JED- Price: $0.73 – Market Cap: 31 Million)
JEDSTAR, one of the latest games in the Blockchain gaming arena, has increased by nearly 800% in the last 30 days with a huge rise in the cryptocurrency world. As the market value is in the range of 30 million USD, it can continue to rise. While JED is a DeFi token in JEDSTAR’s DECO (Decentralized Ecosystem), the team will launch the highly anticipated GameFi token KRED in the coming weeks. The team will use KRED as the in-game currency. This extremely ambitious project aims to engage with big names by developing in-house games and NFT marketplace.
2. Decentraland (MANA- Price: $4.98 – Market Cap: 6 Billion)
As with the game Second Life with MANA, the cryptocurrency using the Ethereum blockchain, players are encouraged to create 3D in-game items that they can then sell.
In the game, MANA is used to sell the virtual land called LAND. It is also used to swap 3D objects. A good attempt to show the potential of crypto games.
Both Atari (ATRI) and Decentral Games (DG) are potential partnerships for Decentraland that could bring a world casino to the network.
3. GALA Games (GALA- Price: $0.70 – Market Cap: 5 Billion)
GALA’s mission is “blockchain games you really want to play”. It is an Ethereum-based token created by Eric Schiermeyer, co-founder of mobile gaming company Zyn. It aims to give users more control over their games.
Gala Games was created in 2019 by Eric Schiermeyer, co-founder of mobile game company Zynga, which creates games such as Mafia Wars and Farmville.
The platform has 1.3 million active users. Players who own NFTs on the platform can direct how games are run and vote for new games.
The GALA token is used to purchase these NFTs as well as in-game items.
There are many games in development on the platform. Town star, a virtual town builder game compared to Sim City, is now playable on the platform.