The world of gaming is in constant evolution, and the latest trend is all about incorporating blockchain technology within gaming platforms in order to create ever more exciting games and enhance overall player experience.
The advent of cryptocurrencies throughout 2021 creates an opportunity for such platforms to go even further and not only incorporate blockchain technology but also digital currencies within their respective universes.
This piece will go over three promising blockchain-based gaming platforms which could be great investment opportunities over the long term, one of which currently undergoing its presale!
Axie Infinity (AXS)
Axie Infinity (AXS) came to the fore when people were looking for ways to make extra money during the height of Covid-induced lockdowns.
Playing on Axie Infinity’s platform essentially allows players to earn real-world money, a concept referred to as “play-to-earn” (P2E) – isn’t that a dream come true? P2E refers to platforms such as Axie Infinity that allow players to earn real money by playing their games.
These platforms often require their players to buy an initial item that will enable them to play the game and progress further. This can in turn appear as a lucrative investment if the player becomes good at the game.
In the case of Axie Infinity, you need to buy Axies, in-game little creatures that closely resemble Pokemons. Each of these Axie is an NFT, meaning that its ownership is unfalsifiable and recorded publicly on the blockchain. This also contributes to making these Axies more exclusive and valuable for players. In fact, Axies can then be used by players in online battles with real rewards, as well as simply collected and even bred together to create unique new Axies.
Axie Infinity has experienced massive success since its release with NFT sales skyrocketing to $4 billion since its launch, making it one of the most popular P2E platforms with Decentraland (MANA) and The Sandbox (SAND).
With the rise of P2E platforms and Axie Infinity’s popularity, Axie Infinity’s native currency, AXS, appears as a great investment for investors seeking exposure to emerging and fast-growing fields such as P2E and blockchain-based games.
Gala Games (GALA)
Gala Games (GALA) is a popular blockchain-based gaming platform that rewards its users with its native token, GALA, for using its platform and completing certain tasks such as validating transactions and securing its network.
Gala users can win GALA tokens and NFTs by using the Gala platform, which can then be easily traded and exchanged for real-world money. GALA token being a governance token, token holders also have a say regarding the project’s future initiatives and the type of games that are developed.
Amongst others, Gala features a role-playing game called Mirandus, a Minecraft-like game called SpiderTanks, an urban development game called own Star, and so forth… Besides, the Gala team announced that about a dozen additional games are scheduled for launch throughout 2022 – an exciting year!
One of Gala Games’ important particularities is that its network’s 16,000 nodes, which are responsible for the security of the network, are entirely run by its users. This creates additional utility for the GALA token, as users who run Gala Games’ master nodes are then rewarded for their work with additional GALA.
Currently, the Gala ecosystem boasts 1.3 million monthly active users and over 26,000 NFTs sold since its launch in 2019. Gala Games’ most expensive NFT sold for a whopping $3,000,000.
Without a doubt, GALA is a leading cryptocurrency in the P2E space that is bound to generate strong returns in the long term given the space’s fast expansion.
Pac-Man Frog (PAC)
Pacman Frog (PAC) is one of the latest animal-themed to date, following in the footsteps of now-famous Dogecoin (DOGE), Shiba (INU), and other cute pet coins. Pac-Man Frog is currently holding the first stage of its presale and will start trading officially in the following weeks.
Despite its seemingly funny name, Pac-Man Frog is dedicated to achieving ambitious initiatives based on the project’s whitepaper.
First and foremost, Pac-Man Frog will deploy its ecosystem on the Solana (SOL) network, which remains one of the fastest blockchains currently available out there being able to process up to 65,000 transactions per second (TPS) for a fraction of a cent. As a result, Solana has caught a lot of attention over the past months to say the least, its native token SOL seeing price multiplied by 9 at its peak last November.
Thus, Solana represents strong competition even to established blockchains like Ethereum (ETH), making this network a very strategic choice for the Pac-Man Frog team, setting high expectations for the future of the project.
Pac-Man Frog aims to build a decentralised community with a strong focus on NFTs and game development. More specifically, the team wants to build an incubator for blockchain-based game developers who want to get their games out there. In essence, Pac-Man aims at becoming a blockchain-based decentralised venture capital (VC) fund that allows individual investors to pool capital and invest in promising gaming projects.
Besides that, Pacman Frog wants to build a top NFT marketplace that will let its users trade game-related NFTs quickly by taking advantage of the Solana network’s speed. A project worth checking out!