3 Exciting GameFi Platforms To Try Out Today – Axie Infinity (AXS), The Sandbox (SAND), and Pac-Man Frog (PAC) – FX Empire
As a matter of fact, the crypto/NFT gaming space generated over $2.3 billion in Q3 2021, according to a report by Blockchain Game Alliance (BGA). This came shortly after the NFT and crypto buzz of 2020.
In this listicle, we’ll uncover 3 exciting GameFi platforms to try out today. They include Axie Infinity (AXS), The Sandbox (SAND), and Pac-Man Frog (PAC). Let’s get on it!
What is GameFi?
DeFi-GameFi, also known as GameFi for short, refers to incentivised blockchain games where you play to earn crypto or NFTs (p2e) or hold cryptos or NFTs to feature.
GameFi originates from the portmanteau of ‘game’ and ‘finance,’ just as in the word ‘DeFi’ (decentralization and finance). The word was first used in a tweet by foremost DeFi innovator and founder of Yearn Finance, Andre Cronje.
GameFi is increasingly becoming a household name for Metaverse games. You complete tasks, feature in battle bouts with other players, or progress to higher levels as a single player to earn rewards.
3 Exciting GameFi Platforms To Try Out Today
#1. Axie Infinity
Axie Infinity is popular for fusing blockchain technology and gaming. The game revolves around non-fungible tokens (NFTs) and Ethereum. The NFTs form the gaming environment and accessories, while Ethereum (ETH) is the blockchain powering it—and is used to pay for transactional fees or buy accessories, alongside $AXS.
The Axie Infinity universe comprises Axies—creatures resembling Pokemon characters that can be bought as pets, bred, and used to feature in battles within the game. The more users advance with their Axies, the more rewards they earn.
To feature in the game, you must have a minimum of three Axies. The Axies can be normal Axies which cost $30 or more, or Mystic Axies, costing up to some hundred dollars to $1000.
The prices of the Axies depend on the unit value of Axie Infinity’s utility token, $AXS, a popular store of value for investors both inside and outside the game economy—and the rarity of the Axie they intend to buy.
Normal Axies do not reward their users much compared to Mystic Axies. Notwithstanding, users may sell their NFTs in secondary markets inside or outside the Axie Infinity platform.
#2. The Sandbox
The Sandbox, TSB, is another exciting GameFi protocol like Axie Infinity. Although a bit older than Axie Infinity, it operated as a simple virtual gaming platform without blockchain integration in its early years.
The Sandbox economy comprises its native ERC20 token—$SAND—and NFTs. NFTs make up the platform’s primary economy—and $SAND powers the game’s ecosystem.
The Sandbox’s uniqueness lies in the fact that users may customise and personalise their experiences using NFTs they purchase or trade.
Features like VoxEdit, support NFT asset creations, which users may later use to customise their games on the “Game Maker” program. Afterwards, they may choose to sell their creations in The Sandbox Marketplace or any marketplace that supports TSB NFTs.
Tokenomically, The Sandbox utility token, $SAND, ranks in the top 50 cryptocurrencies with a market capitalization of over $1.8 billion. Its price and circulating supply make $SAND an interesting investment for long-term investors.
#3. Pac-Man Frog
Pac-Man Frog is an exciting …….