5 GameFi Projects Worth Watching in 2024
Amidst the buzz in various new sectors of the crypto industry, it seems the Web3 gaming sector, or GameFi, is refusing to lose its popularity. According to CoinGecko's report, there were 720 GameFi projects created in 2023, making it the second-highest number after 2021.
With the achievements of the past year, the GameFi sector likely holds substantial potential in 2024. This article discusses five GameFi projects that are worth keeping an eye on in 2024.
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ScapesMania:
ScapesMania is a game where players can enjoy an engaging storyline, mini-games, and customize their own homes and gardens. Players gain ownership of a small piece of land near the city and can decorate their homes and gardens as creatively as possible. The game features a native token called MANIA, serving as a reward to players, governance rights, and can be staked for yield. Additionally, it incorporates token buyback and burn mechanisms to maintain total token supply and potentially appreciate token value.
As of the writing of this article, ScapesMania has successfully raised $4 million through its presale, with the presale ongoing at a price of $0.00753 per token.
Illuvium:
Illuvium has its native token, ILV, which has experienced a +122% increase in the past year. With an all-time high (ATH) price of $1,930, there is still ample room for ILV to appreciate as GameFi gains momentum.
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Pixels:
Pixels is an open-world game with a theme of farming, exploration, and creation, integrated into the ecosystem developed by Sky Mavis, the developer of the popular play-to-earn game Axie Infinity.
The game has two native tokens, BERRY as a player reward token and PIXELS as a governance token. PIXELS is yet to be released and will be distributed through an airdrop at a later date.
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Treasure:
Treasure is a decentralized gaming ecosystem platform built on the Arbitrum network. Its native token, MAGIC, connects players to all games within the Treasure ecosystem.
The platform consists of at least 12 games, including popular ones like Bridgeworld, Realms, and Beacon. MAGIC has seen an increase of approximately +100% in the past year, with an ATH price of $6.92, around 7 times higher than the current article's writing date (1/9/24).
Vulcan Forged:
Vulcan Forged is a Web3 gaming ecosystem comprising in-house game studios, external partner studios, a game marketplace, and an incubator program for novice developers. Since 2022, Vulcan Forged has its own blockchain network called Elysium.
The native token, PYR, serves as a governance token and a medium for interaction on the platform. PYR has experienced a +164% increase in the past year, with an ATH price of $55, approximately 8 times higher than the article's writing date (1/9/24).
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*Disclaimer:
This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.
