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HomeNFT News5 NFT-based blockchain games that could soar in 2022

5 NFT-based blockchain games that could soar in 2022

After the popularity of DeFi, came the rise of nonfungible tokens (NFTs) and to the surprise of many, NFTs took the spotlight and remain front and center with the highest volume in sales, occuring at the start of January 2022.

Growing number of unique NFT buyers on Ethereum Source: Delphi Digital

While 2021 became the year of NFTs, GameFi applications did surpass DeFi in terms of user popularity. According to data from DappRadar, Bloomberg gathered:

“Nearly 50% of active cryptocurrency wallets connected to decentralized applications in November were for playing games. The percentage of wallets linked to decentralized finance, or DeFi, dapps fell to 45% during the same period, after months of being the leading dapp use case.”

Blockchain, play-to-earn game Axie infinity, skyrocketed and kicked off a gaming craze that is expected to continue all throughout 2022. Gaming advocates and crypto pundits have high expectations for blockchain-based games. There will be some sleepers that will rule the sector.

Let’s take a look at five blockchain games that could make waves in 2022.

DeFi Kingdoms

The inspiration for DeFi Kingdoms came from simple beginnings– a passion for investing that lured the developers to blockchain technology. DeFi Kingdoms is a visualization of liquidity pool investment where the ‘gardens” in-game represent both literal and figurative token pairs and liquidity pool mining.

Investors can keep a part of their LP share in a plot with flowers, as shown in the game. DeFi Kingdoms adds the idea of growth to DeFi protocols in a play-and earn model. This gives DeFi Kingdoms a new twist on playing a game.

DeFi Kingdoms aerial image. Source: Twitter DeFi Kingdoms

Built on the Harmony Network, DeFi Kingdoms became the first project on the network to ever top the DappRadar charts. It could be due to a surge in interest in DeFi and blockchain gaming or to the recent surging of its utility token (JEWEL), in-game.

JEWEL, a utility token that allows users to buy NFTs in game to increase base-level stats, and it’s used for liquidity mining which grants users the chance to make more JEWEL by staking.

JEWEL/USD daily chart. Source: Gecko Terminal

JEWEL is also a governance token that gives holders a vote in the growth and evolution of the project. The token price has risen from $1 to $ over the past four months. 23 to an all time high of $22.52. At the time of writing JEWEL is down by nearly 16%, trading at $19.51.

Surging approximately 1,487% from its humble start of $1. 23 four months ago, back in September, JEWEL token price has increased roughly 165% this last month alone, according to data from CoinGecko.

Guild of Guardians

Guild of Guardians is one of the more anticipated blockchain games in 2022 and it is built on ImmutableX, the first layer-2 solution built on Ethereum that focuses on NFTs. It will be a mobile RPG game that is free to download and play.

Guild of Guardians Heroes. Source: Guild of Guardians

Similar to blockchain games like Axie Infinity, Guild of Guardians in-game assets can be exchanged. The project seems to be of interest to many gamers and investors with both its NFT founder sale and token launch generating nearly $10 million in volume.

Launching its in-game token in October of 2021, the Guild of Guardians (GOG) tokens are ERC-20 tokens known as ‘gems’ inside the game. Gems can be used to power key features of the game, such as the ability to interact with the market and earn money while you play.

GOG monthly price action. Source: CoinGecko

For the last month, the Guild of Guardians token has performed rather steadily after spiking to its all-time of $2. 81 after its launch. Despite the token being down over 50% from it’s all-time high, at the time of writing, some members of the community are looking forward to the possibility of staking and liquidity pools, which are features that tend to help stabilize token prices.

Galaxy Fight Club

Imagine taking a proof-of-picture (pfp) NFT and making it into an avatar to battle other fighters in a galaxy far away? Galaxy Fight Club (GFC) is a blockchain game that switched its gear from a 10,000 avatar collection to the first cross-brand and cross-platform PvP fighting game where players can fight with their collection of avatars. GFC is a game that focuses on interoperability. It values its original fighters but also allows for other avatars to fight for rewards.

Artist’s depiction of gameplay in GFC. Source: Galaxy Fight Club Avatar

The game is expected to launch on the Polygon network and it will feature different themes from various partnering collections such as Animetas and CyberKongz, integrating its cross-platform aim. GFC is inspired by SuperSmash Bros. except that one player is fighting for loot keys and opening loot boxes, rather than just wiping out their opponent.

GFC currently under beta testing and is experiencing minor setbacks including a delayed IDO. To date, it’s not clear when public access will be made available, but many are hopeful for a Q1 2022 rollout.

GCOIN

Each Galaxy Fighter generates anywhere between 5 to 15 GCOIN daily, and each fighter began generating GCOIN in October of 2021. GCOIN will be transferred to the new owner if a fighter is sold. GCOIN is expected to be highly valued in the ecosystem as it is required to power players in game moves and the forging and opening of loot boxes, training second-generation fighters, and to open and close loot box. Despite minor setbacks, a PolkaStarter IDO for GCOIN was held on January 6th and 4 million tokens were available for purchase at $0. 50 each and a max allocation of $500 per wallet. Many residents have been left out by the project’s KYC requirements and whitelist requirements.

According to Ado, a team lead for the project, “The first $1.5M was purchased and sold out in roughly 15 minutes, at which point the remaining $500K reserved only for the Battle Pass holders took another hour to be filled,” indicating a successful IDO. Approximately 2,600 unique wallets are holding GFC fighters, with the top wallet holding nearly 2% of the entire collection.

CryptoBeasts

CryptoBeasts is a pixelated digital art game that elicits the retro feel of the original Zelda game. CryptoBeasts, a peer-to-peer electronic rare eggs system built on Ethereum blockchain, is 45 These 10,000 pixelated colorful eggs grant each owner one land parcel in the game’s “Eggland” universe and one DAO vote.

Hatched CryptoBeasts. Source: CryptoBeasts

The DAO operates on a hierarchy where the number of eggs a player owns determines their status and as strange as it sounds, each decision appears to be calculated in CryptoBeasts. It is worth noting that numbers can be used to determine one’s status. Prime numbered eggs offer benefits such as yielding more native CBX tokens and spawning rare beasts with greater strength.

According to data from Dune Analytics, the highest-selling rare egg went for 5 Ether, valued at $9,085 at the time of sale. On December 31, 2021 an announcement about in-game tokenomics resulted in an uptick in sales and the current entry point at 0. 05 Ether is notably higher than the 0. 01 ETH mint price in June 2021.

CBX token

While Cryptobeasts claims it’s more than “play to earn,” but rather “fun-to-play” it is still a blockchain game whose competitive edge is also dependent on its tokenomics. CBX is the native token and will be airdropped to rare-egg owners.

CBX tokens are allegedly earned in many ways, including beast fighting, land parcels that generate daily CBX, and completing specific in-game tasks.

CBX can also been staked to encourage HODLing for a longer time than originally intended. It is expected that the token will power in-game utilities, functionalities such as purchasing items in the in-game economy or breeding. CryptoBeasts plans to create an academy and scholarship in order to allow larger investors to lend their assets.

Axie Infinity

Notably, the first blockchain game to execute its play-to-earn model, Axie Infinity has an established, highly developed ecosystem with a strong economic model. Axie Infinity currently is considered the trojan horse to encourage wider adoption of blockchain games.

3D scene of Axies. Source: Axie Infinity Land 3D Teaser

Axie Infinity continues to solidify its place at the top of DappRadar NFT rankings, according to its data. As the top traded collection, Axie Infinity comes on top of NBA TopShot, Splinterlands, and WAX blockchain’s, “Farmer’s World,” closing out $563.6 million in the past 30 days.

SLP, AXS and RON

Axies are the NFT used for gameplay and can be bred using SLP, the in-game utility token, and AXS, which is the governance token. AXS can also be staked and has a maximum of $1. 56 billion staked, users are continuing to reap a substantial APY despite yield being reduced from over 200% at the start to roughly 88%.

The recent launch of the Katana DEX gives players the opportunity to provide liquidity using SLP or AXS to farm RON.

RON, an ecosystem token that is similar to MATIC will be used for gas fees on Axie Infinity’s Ronin sidechain. Axie Infinity is, in many ways its own digital nation, with a real economy.

Like all first marketmovers, it has its challenges. However, investors who were priced out may find the recent price correction to be an attractive entry point. Users may be able to create and harvest resources to generate additional tokens, as land is still to be released.

To date, one of the largest digital land sales in the NFT / Metaverse sector came from an Axie Infinity one of 75 genesis land plots that sold for $2.3 million. Sky Mavis has announced that the core engine has been rewritten from its 2D style to 3D. This is in response to the growing ecosystem of blockchain games. The team also announced that ‘Project K’– codename for a piece of a game and Lunacia’s kingdom– will be released in phases and each focuses on different elements of the game from resource gathering to “group strategic gameplay.”

As the concept of blockchain games gains broader adoption, and “play to earn” and “play and earn” models continue to develop, 2022 will be an exciting year for gamers, creators, and investors alike. The views and opinions expressed in this article are the author’s and do not necessarily reflect those of Cointelegraph.com. You should do your research before making any investment or trading decision.

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Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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