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Best GameFi Projects

Best GameFi Projects

Adrian Graham
Fact Checked
Jan 8, 2023

The GameFi & blockchain gaming industry has seen a huge surge in popularity over the past few years. As more people discover the importance ownership of in-game assets and the value of being able to earn real money playing video games, the growth of sustainable and creative crypto gaming projects has skyrocketed.

Here are some of the most innovative GameFi and blockchain gaming projects that have been making waves in 2023:

  1. Nine Chronicles (WNCG) - Best Fantasy MMORPG
  2. Axie Infinity (AXS) - Best for Play to Earn
  3. DeFi Kingdoms (DFK) - Best GameFi & DeFi Mechanics
  4. Dragon Crypto Gaming (DCG) - Best Upcoming Game in 2023
  5. Aurory (AURY) - Best Metaverse Game

Table of Contents

Best GameFi Project - Nine Chronicles 🏆

Platform Highlights

  • 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.
Best GameFi Project
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Audited Proof of Reserves
Audited Proof of Reserves

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.

Nine Chronicles on Ethereum.
Nine Chronicles on Ethereum.

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.

Axie Infinity on Ethereum & Ronin Chain.
Axie Infinity on Ethereum & Ronin Chain.

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.

DeFi Kingdoms on DFK Chain and Klaytn.
DeFi Kingdoms on DFK Chain and Klaytn.

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.

Dragon Crypto Gaming on Avalanche (AVAX).
Dragon Crypto Gaming on Avalanche (AVAX).

5. Aurory

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.

Aurory on Solana.
Aurory on Solana.

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:

  1. Increased ownership and control for players: In traditional gaming, players often do not truly own the in-game items or assets that they acquire. With blockchain gaming, players can own unique non-fungible tokens (NFTs) that represent their in-game assets, allowing them to have true ownership and control over their items. This can give players more freedom to trade, sell, or even loan out their in-game assets as they see fit.
  2. New economic opportunities: The use of NFTs and blockchain-based marketplaces can create new economic opportunities for both players and game developers. Players can potentially earn money by trading valuable in-game items, while game developers can use the blockchain to facilitate in-game transactions and potentially earn a share of the proceeds.
  3. Greater transparency and fairness: Because the blockchain is a transparent and immutable ledger, it can help ensure that in-game transactions are fair and transparent. Smart contracts can be used to enforce rules and facilitate transactions within the game, helping to prevent fraud and other types of abuse.
  4. Improved security: The decentralized nature of blockchain technology can make it more difficult for hackers to compromise in-game assets or steal sensitive player information. This can help to create a more secure gaming environment for players.

Overall, the use of blockchain technology in gaming has the potential to create a more fair, transparent, and secure gaming ecosystem for players and developers.

Final Thoughts

The introduction of blockchain gaming has the potential to revolutionize the digital gaming industry. With increased ownership and control for players, new economic opportunities for developers, greater transparency and fairness, and improved security, it is clear that blockchain gaming could significantly change the way we play games in the future.

For new users looking for the best blockchain gaming and GameFi projects in 2023, we recommend diving into Nine Chronicles. Their game has been the fastest growing to start 2023 thanks to its immersive gameplay, superior tokenomics and great development by the AAA Gaming Studio, Ubisoft.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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