NFTs look ready to rule 2022, and the recent pivot toward NFT utility in P2E gaming may build blockchain vice this year’s sector darling.
After the popularity of decentralized finance (DeFi) came the increase of nonfungible tokens (NFTs), and to the surprise of the many, NFTs took the spotlight and currently stay front and center with the best volume in sales occurring at the beginning of January 2022.
While 2021 became the year of NFTs, GameFi applications did surpass DeFi in terms of user quality. according to information 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 (P2E) game Axie infinity skyrocketed and commenced a play craze that's expected to continue all throughout 2022. Crypto pundits and play advocates have high expectations for P2E blockchain-based games and there’s certain to be a number of sleeping giants which will dominate the world.
Let’s take a glance at five blockchain games that would build waves in 2022.
DeFi Kingdoms
The inspiration for DeFi Kingdoms came from easy beginnings — a passion for finance that lured the developers to blockchain technology. DeFi Kingdoms was born as a visualization of liquidity pool finance wherever in-game ‘gardens’ represent literal and figurative token pairings and liquidity pool mining.
As shown within the game, investors have a little of their LP share inside a plot full of blooming plants. By attaching the conception of growth to DeFi protocols inside a play-and-earn model, DeFi Kingdoms puts a twist on “playing” a game.
Built on the Harmony Network, DeFi Kingdoms became the primary project on the network to ever prime the DappRadar charts. this might be attributed to an flow of people interested in each DeFi and blockchain games or it may be attributed to its recent in-game utility token JEWEL surging.
JEWEL could be a utility token that enables users to get NFTs in-game buffs to extend a base-level stat. it's additionally used for liquidity mining to grant users the chance to form additional JEWEL through staking.
JEWEL is additionally a governance token that provides holders a pick out the expansion and evolution of the project. within the past four months, the token worth surged from $1.23 to an incomparable high of $22.52. At the time of writing, JEWEL is down by nearly 16%, trading at $19.51.
Surging close to 1,487% from its humble begin of $1.23 four months past in September, JEWEL token worth has magnified roughly 165% this last month alone, per knowledge from CoinGecko.
Guild of Guardians
Guild of Guardians is one of the more anticipated blockchain games in 2022 and it's built on ImmutableX, the primary layer-two resolution engineered on Ethereum that focuses on NFTs. aiming to provide more access, it'll operate as a free-to-play mobile role-playing game, modeling the P2E mechanics.
Similar to blockchain games like Axie time, guild of Guardians in-game assets may be changed. The project looks to be of interest to several gamers and investors with its NFT founder sale and token launch generating nearly $10 million in volume.
Launching its in-game token in October of 2021, the association of Guardians (GOG) tokens ar ERC-20 tokens called ‘gems’ within the sport. Gems ar what power key options within the game like minting in-game NFTs and interacting with the marketplace, and are accessible to earn whereas enjoying.
For the last month, the guild of Guardians token has performed rather steady once spiking to its all-time high of $2.81 once its launch. Despite the token being down over 50% from its incomparable high, at the time of writing, some members of the community are wanting forward to the likelihood of staking and liquidity pools, that are options that tend to help stabilize token costs.
Galaxy Fight Club
Imagine taking a proof-of-picture (PFP) NFT and creating it into an avatar to battle different fighters in a galaxy far away? Galaxy Fight Club (GFC) may be a blockchain game that switched its gears from a 10,000 avatar collection to the primary cross-brand and cross-platform PvP fighting game wherever players will fight with their collection of avatars.
Focusing on ability, GFC uniquely places high price on its original fighters however allows different avatars to battle for the chance to earn rewards.
The game is predicted to launch on the plane figure network and it'll feature completely different themes from numerous partnering collections like Animetas and CyberKongz, integration its cross-platform aim. GFC plays on the nostalgia of SuperSmash Bros., except one is battling for loot keys to open loot boxes instead of simply wiping out their opponent.
GFC is currently in beta testing and is facing minor setbacks together with a delayed initial DEX giving (IDO). To date, it’s not clear once public access are going to be created out there, however several are hopeful for a Q1 2022 rollout.
GCOIN
Each Galaxy Fighter generates anyplace between five to fifteen GCOIN daily and every fighter began generating GCOIN in October of 2021. If a fighter is sold , the new owner can inherit the accumulated GCOIN. this can be valuable within the system as a result of it's required to power players in-game moves, shaping weapons, gap loot boxes and coaching and merchandising second-generation fighters.
Despite its minor setbacks, an IDO for GCOIN was scheduled on PolkaStarter for January. half dozen and free four million tokens purchasable at $0.50 every with a soap allocation of $500 per billfold. Sadly, the project’s know Your client (KYC) and whitelist needs have left several residents sitting out.
According to team lead for the project commotion, “The initial $1.5M was purchased and sold move into roughly 15 minutes, at that purpose the remaining $500K reserved just for the Battle Pass holders took another hour to be crammed,” indicating a thriving IDO. some 2,600 distinctive wallets are holding GFC fighters, with the highest billfold holding nearly two of the entire collection.
(Alyssa Exposito, Cointelegraph, 2022)