Crypto Metaverse Gaming BOOM

Crypto Metaverse Gaming BOOM

Crypto Currency is a wild beast that often jumps from one craze to the next in an ever developing and highly dynamic or volatile (depending on how you look at it) manner. We saw AI Crypto projects dominate the investment category in April and June with significant hype around the potential of an AI take over.

Many promises were made from projects making statements that AI will Blockchain technology better and safe guard from hacks. None of these have been delivered as yet and the sector awaits further development.

Depending where you are, it's a new financial year and a new half of the year. Hard to believe that we have already steamed through this year and we are in the 8th month of it already. Still feels like Q1. But with that there is a new craze taking the sector by storm or more so, a returning one.

GameFi Re-emergence

Metaverse was a big inception for Crypto but it has failed to deliver, given this is something major companies are already working on who have bigger budgets it's not hard to see why.

This saw a rise in investment back to GameFi in the month of July and with it an entire host of new format crypto gaming. The latest to take the sector by storm is move to earn. This might put Hive back on the map because we have one of the earliest adoptions of move to earn with @actifit who launched several years ago.

The growth in move to earn games has seen a lot more people enter the Digital economy trying to earn their way to better health and a healthier wallet.

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Top Performers

SuperWalk a game which enables Pro and Basic modes. In Basic anyone can download the dApp and be paid a small amount of Crypto the more active they are. In pro mode which is achieved through purchasing NFT runners which can be upgraded for better rewards. Participants are provided tasks and unlock achievements leading to higher rewards. The more active you are the more you can earn.

You can join their official Discord or follow them on X (twitter).

Sweat Economy came in second place and has a little bit more of a better model in place. SWEAT tokens are only minted while you move and no other way other than on the open market. As time goes on SWEAT tokens will not issue the same and progressively get harder.

Participants are enticed to stake their SWEAT tokens in return for rewards such as NFTs and as the project states much more! The project overall looks pretty fun and might actually take off. An easier way to mine but you'll probably still need an ASIC :)

Of course @splinterlands remains the top dog of all crypto projects and is still dominating. But we already knew that!

Infrastructure

USD297 Million has been injected into the GameFi sector thus far but as reported most of those funds are going to infrastructure development to ensure the sector is secure and capable of continuing to host Decentralised games.

So while the market has been stagnant it appears that many other branches of Blockchain have been hard at work developing and building the new era of the decentralised world.

We look forward to a return of the bull and what the future might hold for GameFi given it is a popular aspect of blockchain and has stuck around since the first games were launched. It might have a secure future for years to come.

image sources provided supplemented by Canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.