GameFi : Multi billion industry

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The Crypto gaming industry is one of the fastest-growing industries with a market cap of $180 billion (approx).  In the last few years, we have seen immense growth in this space. 

Let's talk about some of the leading crypto projects:

  • Axie Infinity (AXS)

Overview & History :

Axie Infinity is a play-to-earn game that is created by sky mavis. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. Axie Infinity was created as a fun & educational way to explain blockchain. This game has more than 500K members as per recent data. 

Website: Axieinfinity

Axie Market Data

 

  • Enjin Coin(ENJ):

Overview & History:

Enjin is a Singapore-based technology company that provides services for building gaming communities as well as services for blockchain game developers. Enjin was originally established in 2009 when it launched the Enjin Network, a community gaming platform. The company pivoted into the blockchain industry in 2017 following an Initial Coin Offering (ICO) that raised $18.9 million. In January of 2018, the gaming firm released the own android version of its blockchain wallet, the Enjin Wallet. During the summer of 2018, Enjin officially launched its Enjin Platform on the Ethereum mainnet is also compatible with the Kovan Testnet. That same year, Enjin proposed a new ERC token standard – ERC-1155 – which was approved in 2019 and is now implemented in its current software. 

Website: Enjin

Enjin market data: 

  • My Neighbor Alice (ALICE)

Overview & History:

My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. This was initially released at BINANCE as a launch pool. 

Website:  Alice

Alice Market data

 

These are some of the crypto projects which you should look at. Let me know your opinion.

The websites used for research: https://messari.io/  & Binance research 

Connect with me over Twitter: Himanshu Sachan

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