3 Best Blockchain Games to Invest In 2023 Feb 26, 2023 3:54:36 GMT -5
Post by davy200 on Feb 26, 2023 3:54:36 GMT -5
A blockchain game is any crypto game or NFT game, with or without play to earn mechanics, that makes use of blockchain technology. The blockchain gaming trend was kicked off by CryptoKitties back in 2017 – virtual pets represented as non-fungible tokens – and expanded on by major names like The Sandbox and Decentraland that built entire metaverse platforms and achieved a multi-billion dollar market cap.
In this guide, we take a snapshot look at the best performing blockchain games according to DappRadar, based on number of unique active wallet (UAW) addresses in the past month – a way to accurately track the number of players. We also review some upcoming and new blockchain games as a potential investment.
1. Fight Out – Best Move to Earn Blockchain Game to Buy Now
The top blockchain game to watch is Fight Out, a move-to-earn and fitness-based cryptocurrency project. Fight Out leverages blockchain technology to reward members for maintaining an active lifestyle. FGHT, the native token, will be used to maintain the in-game economy of the platform. Due to the token’s multiple use cases, the Fight Out presale has already raised over $4.6 million.
2. Tamadoge – Upcoming Blockchain-Based Meme Token to Buy
Tamadoge is a new blockchain-based play-to-earn cryptocurrency that offers its own gaming metaverse, known as the Tamaverse. With $TAMA, the native token, users can compete for rewards in the Tamaverse ecosystem.
While this is yet another Doge token that has entered the meme coin space, Tamadoge offers multiple use cases. Firstly, $TAMA tokens can be used to purchase Tamadoge Pets, which are the in-game NFTs in the ecosystem. The NFTs can be bought and upgraded from the online store and can be used to compete within the gaming modes.
3.Fairy cat game
Fairy Cat is a crypto Simulation Game, its player base is growing rapidly. Players can upgrade cat pets through different adventures to get token rewards. There are five levels of cat pets. As the pet of the player, cats can be used to fight, upgrade and collect kittens to synthesize cat pets. Cats can also be traded at higher prices in the market.
The combination of NFT + GameFi, along with the framework of the game industry, has brought new changes to blockchain gaming. In a sense, GameFi allows players to achieve financial freedom in the game. The concept of GameFi is to bring the financial properties in the form of a game, so that the game is not only a game, but also a part-time job, which greatly increases the playability.
Why Invest in Blockchain Games?
We reported on the latest DappRadar industry report finding that blockchain game platforms and their related utility tokens ‘weathered the storm’ of the 2022 bear market better than other types of crypto assets such as DeFi coins.
Crypto VC investment as a result has remained high in crypto games, surpassing the levels of 2021 by 33% in 2022 and projected to reach $12 billion by the end of the year.
Blockchain gaming investment 2021 – 2022
Major traditional video games producers like Sony, creators of the PlayStation, are also taking notice and invested $1 billion in Epic Games – the leading US video gaming developers who created Fortnite – to build a metaverse.
Andreessen Horowitz (a16z) alone have increased their level of investment in Web3 gaming to $7.6 billion in 2022, despite Bitcoin, Ethereum and most altcoins being in a downtrend.
Leading companies Epic Games and Ubisoft have been very receptive to promoting mass adoption of blockchain gaming – Ubisoft is even one of the founding members of the Blockchain Game Alliance that Alien Worlds is member of.
One of the top upcoming blockchain games in 2023 is FGHT, the native cryptocurrency of Fight Out. This move-to-earn cryptocurrency project rewards its members for leading an active lifestyle. Through the ongoing presale, one can purchase $FGHT for only $0.02442 USDT per token.