Blockchain has brought a massive transformation in the gaming industry. A new category of games has risen, and it is known as GameFi, which combines traditional gaming with decentralized finance. GameFi has been a popular trend among blockchain enthusiasts, and many GameFi games have emerged in recent years, and they are Decentraland, Axie Infinity, The Sandbox, Illuvium, and Spider Tanks.
Decentraland is a virtual world game that uses the Ethereum blockchain, as stated on a gamefi aggregator. It allows users to own, build, and monetize virtual real estate. The world is divided into LAND, which is a non-fungible token that represents a 10m x 10m plot of virtual land. Users can purchase LAND using the MANA token, which is the native token of the Decentraland ecosystem. Once a user owns a piece of LAND, they can build on it using a 3D editor and then monetize it by charging visitors MANA to access their creations.
Decentraland is a popular GameFi game because it allows users to own virtual real estate that has real-world value. The value of LAND is determined by market demand, and some plots have sold for hundreds of thousands of dollars. Additionally, users can earn MANA by creating and monetizing their content, which provides them with a new stream of income.
Axie Infinity is one of the top blockchain games that allows users to collect, breed, and battle fantasy creatures called Axies. The game uses the Ethereum blockchain and non-fungible tokens to represent the Axies. Each Axie has unique traits that determine its battle abilities and rarity. Users can buy, breed, and sell Axies on the marketplace using the native AXS token.
Axie Infinity is a popular GameFi game because it allows users to earn cryptocurrency by playing the game. Players can earn Small Love Potion (SLP) tokens by winning battles, which can be used to breed new Axies or sold on the marketplace for ETH. Additionally, players can earn AXS tokens by staking them, which allows them to earn a share of the game’s revenue.
The Sandbox is a decentralized virtual gaming world that makes it possible for users to monetize their gaming experiences. Developed on top of the Ethereum blockchain, they use non-fungible tokens to represent in-game assets. Users can purchase LAND, which is a 96m x 96m plot of virtual land, and build on it using a voxel-based editor. They can then monetize their creations by charging visitors SAND, which is the native token of The Sandbox.
A lot of blockchain gaming news outlets list The Sandbox as a popular GameFi game because it allows users to create and monetize their content. Users can earn SAND by creating and sharing their games, and they can also earn SAND by staking it. Additionally, the game has partnered with major brands like Atari, Shaun the Sheep, and The Walking Dead, which has helped to increase its popularity.
Illuvium is an Ethereum based game that combines elements of role-playing games (RPGs) and collectible card games (CCGs). Players can collect, and battle creatures called Illuvials, which are generated using a complex algorithm that ensures each Illuvial is unique.
Illuvium is a popular GameFi game because it allows players to earn cryptocurrency by playing the game. Players can earn ILV tokens by winning battles, which can be staked to earn a share of the game’s revenue. Additionally, players can earn a portion of the game’s revenue by staking their Illuvials, which provides them with a passive income stream.
Spider Tanks is a blockchain-based game that combines elements of real-time strategy (RTS) and tower defence games. Players can build and upgrade their own tanks, which can be used to battle other players or defend their base. The game is built on the Binance Smart Chain and uses non-fungible tokens to represent in-game assets.
Spider Tanks is a popular GameFi game with P2E mechanics. Players can earn SPDR tokens by participating in battles, which can be staked to earn a share of the game’s revenue. Additionally, the game has a unique referral system that allows players to earn a percentage of their referrals’ earnings.
GameFi games have brought a new level of innovation and excitement to the gaming industry. They allow players to earn cryptocurrency while playing games, which provides them with a new source of income. Decentraland, Axie Infinity, The Sandbox, Illuvium, and Spider Tanks are some of the top GameFi games that have emerged in recent years. These games have gained popularity because they allow users to own and monetize their virtual assets, which provides them with a new way to earn money.