What to Expect from Gamefi in 2023? 

What to Expect from Gamefi in 2023? 

Play To Earn Games | 18 Feb 2024 09:59 UTC

The crypto industry, blockchain projects, and Gamefi took a solid right jab to the face in 2022. It didn’t bode well for crypto and all its related domains when we compared them to 2021. To take a broad view of all domains, Web 3.0 had more than a trillion dollars in revenue at the start of 2021. However, 2022 was a miserable failure. How about 2023? What should we expect from Gamefi in 2023? Will we see further collapses like Terra, FTX, and Axie Infinity? Or will 2023 see a shift in both Gamefi and cryptocurrency? Let’s try to analyze what we can expect this year in Gamefi and subsidiary projects.

The 2022 Hard Fall and the Ripple Effect in Crypto and Gamefi 

The FTX collapse was the largest of all collapses in 2022. Once celebrated, Sam Bankman-Fried is now under harsh criticism and facing arrest. The lies, deceit, leverage, and loans have done nothing better for crypto as a whole. It not only led to more rules from the government, but it also hurt cryptocurrency as a whole because of the bad news. Now, in 2023, the investigation will continue from the ruins of FTX and could lead to rules for all other crypto domains, especially Gamefi.

Gamefi, Axie Infinity, and the Regulation Debate

Gamefi is a domain where financial rewards meet gaming. Players participate in games to earn digital assets such as cryptos, tokens, and NFTs that have real-world value. It is the only crypto domain that hasn’t faced any kind of regulation or investigation. The only limitation is that gambling laws prohibit games from offering monetary rewards. So, GameFi is still up for regulatory debate. However, Gamefi wasn’t immune to the frostbite of the raging crypto winter in 2022. Axie Infinity, the apple of the eye gamefi, suffered a massive collapse due to a variety of factors, including hacking, the crypto bearish trend, and the collapse of its own financial system. 

Consequently, the investors, especially those who got in late, lost every single dime. As it stands, Axie Infinity was down more than 90% when 2022 was coming to an end. So, we may see regulations hitting the gamefi, but how soon? What about the gamefi? 

crypto, gamefi, 2023, blockchain, web 3.0 games
Gamefi and crypto regulation

Gamefi Regulation in 2023?

According to the majority’s opinion, gathered by Forbes, the regulations won’t come for Gamefi coins anytime soon. Also, the people who make blockchain games and the people in charge of them don't like regulation. The idea is simple if you want to keep out the speculators from the games: make games fun, challenging, and rewarding for gamers only. So, the majority of the tokens and in-game digital assets will be held by gamers only and not by speculators. The game model needs to be changed so that the focus moves from tokens to fun gameplay.

However, whenever finance makes it to a new market, investors need transparency, fairness, and a fair bit of protection. So, the gaming community, trade, finance, and online safety may as well join hands to create a better place in blockchain gaming. Also, governments all over the world have tightened the rules around crypto, and Gamefi will be no different. There were, are, and always will be people who will exploit the absence of regulations. Such entities may be filtered out of gamefi by regulators. If that is the case, then the regulations in gamefi aren't as bad as they sound; they won’t cripple the gamefi march.

Gamefi's Current Standing and Expectations in 2023

Gamefi didn’t do well in 2022. Those game-related projects that haven't released their games yet and are still looking for funding are on the safe side. While the majority of the game-related projects that have launched their games haven’t made considerable profits, The most difficult challenge is still developing a working tokenomics or financial model for in-game tokens. However, there are several game-related projects that are putting a lot of effort into developing AAA games.

In 2023, such AAA sci-fi projects with a strong emphasis on gameplay rather than tokens or a quick cash grab scheme may enter the market. There are games coming in from the likes of Gala Games, Animoca Brands, and several other big names that will roll out solid game-related projects in the near future. Check out some of the promising blockchain games and their reviews on our website. Some of the promising game-related projects, that we covered some, are Medival Empires Ertugrul, Spider Tanks, Apeiron, Illuvium, Alien Worlds, Angelic, and many others.

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Champions Arena - Game Review

Champions Arena - Game Review

Champions Arena is a new turn-based RPG-like game made by Gala Games. It has more than 100 NFT champions and items that can be collected. Champions Arena has a lot of unique NFT Champions and other items, with more than 100 of them. Fight tactical battles in real time by sending out or controlling your Champions to finish missions. Use equipment, spell cards, and skills strategically to get the most out of your team. Also, the game puts a lot of emphasis on building your deck and putting together small cards to unlock powerful abilities. Customization options let you make Champions from different mythologies, science fiction, and history your own and help them level up. Explore uncharted areas, work together to take over them, and fight fierce PvP battles. Take part in story campaigns that will keep you interested and beat the Tower of Trial for rewards and fun. The game's beautiful animation and graphics make it a top-tier gaming experience that is similar to AAA games. It stands out from other play-to-earn games because it has really beautiful graphics. Also, the campaign mode takes players through different levels, ending with a battle in a castle. Champions and card-based attacks are used to fight in turn-based battles with champions. Each card has its own qualities, and putting them together makes them stronger. The game has solo battles, as well as PvP, co-op mode, and quests to gather resources. When you win a battle, you get new spell and skill cards. The Tower of Trials is a hard way to get valuable rewards. A premium summoning option guarantees that you will get champions and that nothing bad will happen.

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Synergy of Serra - Game Review

Synergy of Serra - Game Review

"Synergy of Serra" is a free-to-play collectible card game that allows players to compete for prizes using a standard deck of cards. Players can also use non-fungible tokens (NFTs) to enhance their gameplay experience. The game is open to all players and does not require any upfront costs. In addition to traditional gameplay, the use of blockchain technology in "Synergy of Serra" gives players the ability to truly own their cards as digital assets. This means that players have the option to trade, sell, or otherwise use their cards as they see fit. The use of NFTs allows players to assert ownership and control over their cards in a way that is not possible in traditional card games. 159 unique cards will be available when Synergy of Serra launches, separated into four sets: the promo set, beginner set, base set, and transcendence set. The quality and rarity of a card are used to evaluate its scarcity. The most valued card is a legendary golden card, while the least valuable card is a painted metal common card. "Synergy of Serra" will feature seasonal ladders, which are competitive modes that last for one to four months at a time. During these ladders, players will be able to earn cryptocurrency prizes by performing well in the game. The game is expected to launch its crate opening feature in 2022, followed by a closed alpha in 2023. The play to earn principle means that players can earn rewards simply by playing and excelling at the game. Factions are another card feature in Synergy of Serra. The same Faction "levels up" as a player adds more cards from that Faction to their collection, granting bonuses to cards that belong to it. Units occasionally even get new skills from higher-level Factions! Faction level, however, is not the only option. A Faction's level declines as its number of players decrease. The game also features Attachments. Each unit has one to four slots for attachments. Some units also have On Attach and On Detach effects that are triggered, as attachments are added or removed.

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Armored Kingdom - Game Review

Armored Kingdom - Game Review

Armored Kingdom is a unique and innovative NFT card game that defies genres and is available on multiple platforms. Set in a medieval fantasy universe, this character-driven tale is full of conflict, deceit, and mystery. Players can immerse themselves in the immersive world of Armored Kingdom as they collect, trade, and use cards featuring a variety of characters and abilities. Whether you are a seasoned card game player or new to the world of NFTs, Armored Kingdom offers something for everyone. Its genre-defying gameplay and immersive universe make it a must-try for anyone looking for a fresh and exciting gaming experience. In a crucial battle that could potentially destroy all three armies, the humans of the Veldt, the sea creatures known as the Costraca, and the anthropomorphized jungle animals from the Kingdom of the Horn are ready to engage in combat. However, before any fighting can take place, a mysterious city-sized spacecraft appears and threatens to take on all three empires. Despite not moving, the unseen threat forces the armies to put aside their differences and work together. Despite the need for cooperation, there are rivals among the three armies. The chaotic situation presents opportunities for those who seek to gain control at any cost. When the coalition leader is killed, a group of fugitives must prove their innocence and embark on a quest to find missing magical relics, which could be their only hope of stopping an extraterrestrial invasion. As they search for the weapons, they must navigate the political intrigue and maneuverings of their fellow factions. The overarching narrative of this universe, which will be reflected in the comics, games, and animation, is designed to create synergy and a sense of cohesion. The story is set in a rich, multicultural world with intricate backstories and a serialized plot full of twists and turns. By weaving together the various elements of this expanding universe, we aim to create an engaging and immersive experience for our audience.

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Mystic Motors - Game Review

Mystic Motors - Game Review

Mystic Motors is a digital play-to-earn NFT-based game that provides a virtual racing experience that results in rewards, rivalries, and champions. The game offers exciting features such as car upgrades, blueprints, tournaments, trophies, credits, clan battles, and magic spells to create an enjoyable and enticing experience for players. Players can race their NFT cars to earn real money. The game is developed by a team with experience in game creation, finance, marketing, and NFT development. And the best part? Mystic Motors will be available on both desktop and mobile, so you can play and earn money anytime, anywhere. So buckle up and get ready to race your way to riches in the thrilling world of Mystic Motors!

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Pulsar - Real-Time Strategy- Game Review

Pulsar - Real-Time Strategy- Game Review

Pulsar is a Massively Multiplayer Online (MMO) Real-Time Strategy (RTS) game where players across the world mine, build, and fight to become the ruler of Pulsar. Pulsar is an MMORPG that combines the mechanically and economically challenging gaming experience of RTS games like Starcraft with a real MMORPG setting. To conquer both the alien occupants of Pulsar and your surrounding empires, mine, build, and conquer. A real-time experience alongside hundreds of thousands of other players. Players from all over the world mine, construct and engage in combat in the MMO Real-Time Strategy game. Players choose who will control Pulsar. Build your army and base so you can explore the dungeons under the surface of the planet. Also, engage in combat with other players to establish yourself as the most dominant empire in the Pulsar Universe. Our group is committed to creating high-quality Web3 gaming experiences that are available to everyone. It's always free to play Pulsar. Players don't need to purchase NFTs or $PLSR, the game's native token, to participate. Moreover, free players can mine resources, construct infrastructure, and explore the Pulsar universe by building their own NFTs, borrowing NFTs from other players, or purchasing resources from the Imperial Bank. Free players can access the Pulsar universe, but they are unable to transfer their units, land, or $PLSR. Moreover, the money they generate is split with the landowner.

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Age of Dragons:  Blockchain Tale in the Age of Dragons and Zombies - Game Review

Age of Dragons: Blockchain Tale in the Age of Dragons and Zombies - Game Review

"Age of Dragons" is a blockchain game that allows players to earn rewards while they explore a world filled with dragons, zombies, and other mythical creatures set in a medieval environment. It offers a unique twist on the popular genre of fantasy games. Enter a cursed medieval metaverse filled with mythical creatures in control of various lands. Get ready for a thrilling and exciting experience as you earn real money in this unique blockchain game. Choose from seven element-based dragons, each with their own specific role and two abilities. The Ice Element dragon is a resistant DPS, able to withstand heavy attacks while still dealing significant damage. The Plant Element dragon is a versatile all-rounder, able to adapt to a variety of situations. The Electric Element dragon is a ranged DPS, specializing in long-range attacks. The Water Element dragon is a damage reliever, able to mitigate incoming damage and support allies. The Earth Element dragon is a tank, able to absorb hits and protect their team. The Fire Element dragon is a physical DPS, focusing on close-range combat and dealing heavy blows. Finally, the Air Element dragon is the main healer, able to restore the health of their allies and keep them in the fight. Upgrades and rewards in Age of Dragons: In this game, your success is closely tied to how much you play and which dragon you choose. As you gain experience, you can upgrade your dragon and unlock more special abilities. Breeding is also an important aspect of the game, as you can breed rarer eggs to give you an edge in battle. By breeding more experienced dragons, you can produce stronger offspring. Ember is a crucial resource that is needed to increase the rarity of your dragons. Common ember is required to obtain common eggs, while uncommon ember is needed for uncommon eggs. To obtain even rarer eggs, you must merge them. Obsidian is another resource that can be obtained in the game. It can be used in the alchemy of the cave to obtain CYT. Players must obtain at least 1000 Obsidians in order to get paid, which can be achieved by completing five missions per day.

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Goals - Game Review

Goals - Game Review

Goals is still under development and the development team hasn’t let out too much information about this blockchain game. The team has recently raised $20M in funding to continue working on the upcoming free-to-play football/soccer NFT game. The team promise that players will win based on skills, it will not be a pay-to-win football game like the certain football game we all know. It will be a proper platform to manage your club and earn real money. Let’s get into what we know about this crypto game. When a person first logs into GOALS, they need to form their own club. When the player makes a club, the basics kick in about managing it. Each club will have its own set of players, cosmetics, stadiums, celebrations, and other features. It's time to start constructing your GOALS legacy after the club has been established. Users will earn money to help them improve their club by playing several types of game modes, ranging from casual to competitive and individual to co-op. Users will be challenged by player transfers, PETs, squad management, roles and tactics, facilities, game performance, and more while managing and expanding a club. A club's assets include the following: Players, Cosmetics, Stadiums, Highlights, Celebrations, Trophies, Goals Gameplay. Users can join and represent a team in addition to running their own club. Teams are made up of multiple individuals, and the individual assets of those users can be merged to play team-based game variants. Anyone can start their own squad or join one that currently exists. A user can only be a member of one team at a time. Small groups of friends to large franchises and esports groups are expected to make up teams. By allowing users to join a team, we intend to improve the social aspect of the game while also adding an exciting element to the esports landscape, where any team can fight for grand rewards.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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