Summary: The GameFi and blockchain gaming industry has experienced tremendous growth in recent years, driven by the appeal of in-game asset ownership and earning real money through gameplay. A multitude of innovative GameFi and blockchain gaming projects have emerged in 2023, capturing the attention of gamers and investors alike.
Here are some of the most popular crypto gaming projects that have been making waves in 2023:
- Nine Chronicles (WNCG) - Overall Best Crypto Game
- Axie Infinity (AXS) - Best for Play to Earn
- DeFi Kingdoms (DFK) - Best GameFi & DeFi Mechanics
- Dragon Crypto Gaming (DCG) - Best Upcoming Game on AVAX
- Aurory (AURY) - Best Metaverse Game
Best GameFi Project - Nine Chronicles 🏆
- Most popular GameFi MMORPG and fully decentralized fantasy world.
- Built and developed by AAA Gaming Studio Ubisoft.
- Cryptocurrency token Wrapped NCG (WNCG) available on major exchanges.
Top Blockchain Gaming Platforms 2023
In the list below, we rank the 5 best and most anticipated blockchain gaming platforms for 2023. Our ranking methodology to select the best GameFi & blockchain-based games is based on a variety of factors which include active users, token market capitalisation, anticipation for growth in 2023, protocol revenue and the pedigree of the development team.
1. Nine Chronicles
Nine Chronicles is a hybrid blockchain and traditional gaming platform built by Ubisoft that combines the RPG elements of classic MMORPGs with high-end graphics powered by blockchain technology. Players can explore the Nine Chronicles map, take on quests, battle monsters and other players, craft weapons and equipment, build up their characters and even join guilds with their friends. It also features a unique Proof of Play consensus algorithm, allowing players to earn WNCG tokens by simply playing the game.
2. Axie Infinity
Axie Infinity is an Ethereum-based fantasy pet battler game where players can collect, raise and battle digital pets called Axies. The goal of the game is to build the best team of Axies and compete against other players in the arena or participate in various tournaments. One of the most attractive aspects of Axie Infinity is its Play to Earn mechanics, where users can earn in-game assets as well as real money by playing the game.
3. DeFi Kingdoms
DeFi Kingdoms is a blockchain-based strategy game with a focus on DeFi and crypto trading. Players can build their own kingdom, trade resources and compete in tournaments to win rewards such as ETH, ERC20 tokens and NFTs. The game also features a wide range of DeFi products such as decentralized exchanges, liquidity pools and more that players can use to manage their finances.
4. Dragon Crypto Gaming
Dragon Crypto Gaming is an upcoming medieval fantasy RPG game built on the Avalanche (AVAX) blockchain. It is one of the most highly anticipated releases on Avalanche thanks to its exciting, story-driven quests, crafting and looting mechanics, player-driven in-game marketplace and ability to earn real money.
The game is currently in beta and is expected to be released on mainnet in Q1 of 2023. Based on active users on the beta, the game is expected to be a success and has been generating a lot of hype in the AVAX-blockchain gaming community.
Aurory is a popular metaverse game built on the Solana blockchain that allows players to explore a virtual world, build their own cities and interact with other players in various ways. In addition to its beautiful graphics and immersive gameplay, Aurory also features an in-game marketplace where users can trade goods, services and digital assets. Players can also earn AURY tokens by completing quests, trading in the marketplace and participating in tournaments.
What is GameFi?
GameFi is a name that encompasses 'blockchain gaming', which refers to the use of blockchain technology in the creation and distribution of digital games. In blockchain gaming, game assets and in-game items can be represented as unique tokens on a blockchain, allowing them to be easily bought, sold, and traded on a marketplace. This can give players more control over their in-game assets and potentially create new economic opportunities for both players and game developers.
One key aspect of blockchain gaming is the concept of non-fungible tokens (NFTs), which are unique digital assets that are stored on the blockchain. NFTs can be used to represent in-game items, such as rare weapons or armor, and their ownership is verifiable on the blockchain. This allows players to truly own their in-game assets and trade them with other players without the need for a central authority.
Why is Blockchain Gaming revolutionary?
Blockchain gaming has the potential to revolutionize the way that digital games are created, distributed, and played in a few key ways:
- Enhanced player ownership: Blockchain gaming allows players to truly own in-game assets through non-fungible tokens (NFTs), providing greater control over trading, selling, or lending items.
- New economic opportunities: NFTs and blockchain marketplaces enable players to earn money trading in-game items while facilitating in-game transactions for developers to potentially profit.
- Transparency and fairness: The blockchain's transparent, immutable nature ensures fair in-game transactions, and smart contracts can enforce rules to prevent fraud and abuse.
- Improved security: The decentralized nature of blockchain technology makes it harder for hackers to compromise in-game assets or steal player information, creating a more secure gaming environment.
Overall, blockchain technology fosters a fairer, more transparent, and secure gaming ecosystem for both players and developers.
To conclude, the GameFi and blockchain gaming industry has seen significant growth, with innovative projects gaining traction in 2023. The top 5 platforms - Nine Chronicles, Axie Infinity, DeFi Kingdoms, Dragon Crypto Gaming, and Aurory - offer unique experiences for gamers and investors. Blockchain gaming revolutionizes the industry by enhancing player ownership, creating new economic opportunities, promoting transparency and fairness, and improving security. This technology paves the way for a more equitable and secure gaming ecosystem for everyone involved.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.