What to Expect from Gamefi in 2023? 

What to Expect from Gamefi in 2023? 

Play To Earn Games | 11 Apr 2024 08:57 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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Space Misfits - NFT Game Review

Space Misfits - NFT Game Review

Space Misfits is a blockchain-based MMORPG game that places a strong emphasis on player ownership. Players have full control over their in-game assets, which they can manage at their leisure. Instead of grinding and fighting with NPCs, the game focuses on its story and engaging gameplay. According to their words, the development team in Space Misfits wants to create an adventure experience that changes frequently and gives players new options. Space Misfits includes a variety of gameplay mechanics and features, including space flight and dogfighting, mining minerals, NPC hunting (PvE focused), player vs. player (PvP), fleet development, crew and job management, tactical and strategic planning, resource and supply management, space exploration (both known and unknown space), station/planet/large ship management, and first-person shooter (FPS) mode. Players can access diverse scenarios from multiple views thanks to various modes and features. At the start of the game, players will be lone survivors in a vast space. They can, however, make a difference and establish enormous fleets that venture into the adventure thanks to their blockchain assets. Besides, the game Space Misfits is not linear. Instead, the game focuses on creating seasons that progress. The goal of creating these seasons is to allow users to design their own roadmap, a player-driven cosmos.

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Solitaire: Earn Real Bitcoin - Game Review

Solitaire: Earn Real Bitcoin - Game Review

Solitaire: Earn Real Bitcoin is a strategic board game that allows players to earn real Bitcoin as they play. In this game, players can have fun and potentially earn cryptocurrency as they strategize and make moves on the board. The game combines elements of traditional solitaire with the added excitement of potentially earning real money. In Solitaire: Earn Real Bitcoin, players can experience the classic card game in a new and exciting way. By playing the game through the Bling platform, players have the opportunity to earn real Bitcoin as they win. This innovative twist on the traditional solitaire game is brought to players by PlayDay Studios and allows players to earn cryptocurrency as they have fun strategizing and making moves on the board. Tokenomics of Solitaire: Earn Real Bitcoin: Solitaire: Earn Real Bitcoin is a fun and engaging card game that offers players the chance to earn real cryptocurrency as they play. By earning Bling coins through the game, players can exchange their winnings for Bitcoin. While the amount of Bitcoin earned may not be significant, it is still real money and can be a nice bonus for avid players. The game is developed by PlayDay Studios in collaboration with the Bling platform, and offers a new twist on the classic solitaire game. Whether you're a seasoned solitaire player or new to the game, Solitaire: Earn Real Bitcoin is a great way to have fun and potentially earn some extra cash on the side. Gameplay and Features: The game is available on the App Store and Google Play Store and can be downloaded for free. Players can earn Bling coins by completing daily challenges, participating in tournaments, and winning games. These coins can then be exchanged for real Bitcoin through the in-game store or on external exchanges. In addition to earning Bitcoin, players can also collect and trade unique NFT cards featuring different characters and themes. Solitaire: Earn Real Bitcoin combines the classic card game with the excitement of cryptocurrency earning and NFT collecting, making it a must-try for fans of both.

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MetaSoccer: Blockchain Football Management - Review

MetaSoccer: Blockchain Football Management - Review

Remember the days when playing video games was just a pastime? Well, those days are long gone, folks! I recently got my hands on MetaSoccer, previously known as Ephere, and let me tell you, it's not just a game – it's an investment, a community, and a thrilling ride into the future of gaming. This Ethereum-based blockchain football management game is a game-changer (pun intended!), combining the worlds of soccer, sports betting, NFTs, and, yes, cryptocurrency. So, let's lace up our virtual boots and explore this revolutionary universe! The Game's Core: Owners and Managers: Owners: Building Your Dream Team. As an owner in MetaSoccer, you get to build your club from the ground up. Imagine being the Abramovich of your virtual Chelsea! You handle everything - from hiring staff to scouting for the next Messi. It's like playing a soccer version of The Sims, where every decision impacts your club's future. Managers: The Tacticians. Then you've got the managers. This is where your inner Mourinho shines. Developing training plans, strategizing for matches, and nurturing player well-being – it's all in a day's work. The game is so detailed that it even considers player morale. It's a complex, yet incredibly rewarding role. Personal Anecdote: My First Match. Let me share a quick story. In my first game as a manager, I went full-on experimental with my tactics. Long story short, I lost spectacularly! But that's the beauty of MetaSoccer – every failure is a learning curve, not just a game over screen. Time Flies in MetaSoccer: In this virtual world, time zips by 12 times faster than our mundane reality. Players age, retire, and new talents emerge, mimicking real-life soccer careers. It's a continuous cycle of evolution, keeping the game fresh and unpredictable. Tokenomics: The Fuel of MetaSoccer. $MSU and $MSC: The Heartbeat of the Economy. MetaSoccer's economy revolves around two tokens: $MSU and $MSC. Think of $MSU as your all-access pass to the game's universe, allowing you to trade and mint assets. Then there's $MSC, which acts like the in-game currency for lower division rewards and tasks. It's a well-thought-out system that ensures both stability and excitement for players. Community's Voice: Real Players, Real Opinions Praise and Criticism: The Players Speak The community's response to MetaSoccer has been a mixed bag. Some, like silviamunozcampo9926, are excited about its potential, while others, like namandu9454, find aspects like gameplay a bit dull. It's a reminder that in the world of gaming, there's always room for improvement and innovation. Game Info at a Glance Genre: Football Management Simulation Platform: Ethereum-based Blockchain Blockchain: Ethereum NFTs: Yes, for all in-game assets Tokens: $MSU and $MSC Game Phase: Ongoing development over several years Game Type: Decentralized football management with "Play to Earn" concept FAQs: Unpacking MetaSoccer The Evolution from Ephere to MetaSoccer MetaSoccer's transition from Ephere represents a significant shift towards integrating blockchain technology more deeply into the gameplay. It's not just a new coat of paint; it's a complete overhaul of the game's core mechanics. Gameplay: A Blend of Strategy and Management The gameplay in MetaSoccer requires a balance between strategic thinking and effective management. It's about making decisions that will impact your club both in the short term and down the line. NFTs: More Than Just Digital Collectibles In MetaSoccer, NFTs aren't just collectibles; they're assets that players can truly own, trade, and utilize to enhance their gaming experience. They're a vital part of the game's ecosystem. The Tokens: $MSU and $MSC $MSU is your key to unlocking the game's potential, while $MSC adds depth to the game's economy, providing a realistic and engaging experience for players at all levels. The "Play to Earn" Concept This concept transforms gaming from a hobby into a potentially profitable venture. By actively participating and excelling in the game, players can earn real cryptocurrency. The Long-term Vision MetaSoccer aims to be a pioneering force in sports, gaming, and blockchain. With plans for PvP leagues and various tournaments, the game is poised for an exciting future. Conclusion: A New Era of Gaming MetaSoccer represents the exciting convergence of gaming, sports, and blockchain technology. It's more than just a game; it's a community, an investment, and a glimpse into the future of entertainment. Whether you're a soccer fan, a gaming enthusiast, or a blockchain believer, MetaSoccer offers a unique and captivating experience. So, why not give it a shot? Who knows, you might just find yourself at the helm of the next virtual soccer dynasty!

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STEPN: Where Every Step Pays in Crypto - Review

STEPN: Where Every Step Pays in Crypto - Review

STEPN is a mobile, blockchain-based lifestyle app that merges health, fitness, and digital assets in an innovative way. It's part of the "move-to-earn" concept, where users are rewarded for their physical activities, specifically walking, jogging, or running outdoors. Here's the scoop on how it all works: The Core Idea: At its heart, STEPN encourages you to stay active by offering tangible incentives in the form of cryptocurrency and NFTs (Non-Fungible Tokens). When you move with the app tracking your activity, you earn $GST tokens, which are part of the app's in-game economy. The Role of NFT Sneakers: To participate, you need digital sneakers, which are NFTs that you can buy within the app's marketplace. These sneakers are not just digital collectibles; their attributes affect how much you can earn and how efficiently you can use the app. Different sneakers are suited for different types of activities – some are better for walking, others for jogging or running. Earning and Spending: The tokens you earn, $GST, can be used within the STEPN ecosystem for various purposes. You can level up your NFT sneakers, making them more effective and increasing your earning potential. You can also mint new sneakers to add to your collection or sell on the marketplace. The Tech Behind It: STEPN operates on the Solana blockchain, known for its fast transactions and low fees, which is ideal for the microtransactions that occur within the STEPN app. The use of blockchain technology ensures transparency and security for all transactions within the app. The Bigger Picture: By blending fitness with the burgeoning world of Web3, NFTs, and cryptocurrency, STEPN is not just a fitness app but a gateway to digital ownership and an introduction to the world of decentralized finance for many of its users. It's a novel approach to incentivize fitness, promote health, and introduce people to the concepts of digital economy and asset ownership. In essence, STEPN is more than just an app; it's a lifestyle choice that rewards you for being active, introducing a gamified element to fitness that's both rewarding and engaging.

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Song of Rising: Pixel-Style Metaverse with DeFi and NFT Heroes

Song of Rising: Pixel-Style Metaverse with DeFi and NFT Heroes

Song of Rising is an ambitious Pixel-style metaverse initiative that has introduced an innovative DeFi framework. Designed with a user-friendly, game-inspired interface, it aims to simplify the complex world of decentralized finance (DeFi) for users, including newcomers, offering a more engaging and accessible experience. The metaverse offers a dynamic hero NFT system, encompassing various elements such as pets, lands, PvP (Player vs. Player) encounters, and Play2Earn experiences. It integrates top-tier decentralized applications (DApps) accessible through interactive AI NPCs (non-playable characters) to enrich the metaverse's depth. Upcoming features include derivatives, Ve(3,3), and lotteries. The Marketplace enables seamless token swaps at current exchange rates and provides opportunities for liquidity providers to earn fees through staking LP (Liquidity Provider) tokens in the Farms. In the Song of Rising metaverse, Heroes are not just collectibles but fully-fledged RPG (Role-Playing Game) characters with stats, resources, and a leveling system. These Heroes engage in various professions, quests, and battles, serving as central gameplay elements and sources of diverse rewards. New Heroes are created through the fusion of two existing ones in the sacred church, inheriting their attributes and professions. The Hero Market facilitates trading, renting, and sending Heroes, while the Marketplace allows token exchange, enhancing the economic vibrancy of the metaverse. The metaverse's lore is set in a post-apocalyptic world following the cataclysmic event of Ragnarok. In this harsh environment, courageous Heroes emerge as leaders, guiding humanity to reclaim the land by establishing farms, shelters, and order amid the chaos. Gameplay in Song of Rising revolves around Heroes, utility-based NFTs with diverse functions. They participate in Professions Quests to earn in-game resources called JEWEL and advance their profession skills. Progression unlocks higher Hero levels at the Meditation Circle. Heroes can pair up to summon new ones, with classes, stats, and rarity influenced by the infusing Heroes. They also engage in PVE quests against formidable adversaries. The NFT Agent in the Tavern facilitates Hero trading, rentals, and sales. Quests like Gold Mining and Foraging enable resource acquisition, which can be sold for gold or exchanged for RUBY in the Marketplace. Training quests focus on honing specific stats to add depth to Hero development. In terms of tokenomics, $RUBY serves as the primary in-game value token, offering unique utility. $GOLD is the in-game currency for trading items, and $SoulShards are essential for summoning Heroes. The Song of Rising community has responded positively, expressing excitement and support for the project's development and contributions to the web3 ecosystem.

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The Walking Dead: Empire - Game Review

The Walking Dead: Empire - Game Review

The Walking Dead: Empires stands as a multiplayer survival game within AMC's The Walking Dead universe, presenting players with the difficult task of enduring the harsh post-apocalyptic world. The Walking Dead: Empires thrusts players into the perilous world of AMC's The Walking Dead, a multiplayer survival game where resilience is paramount. Amidst chaos, players construct havens, forge alliances, and combat both living adversaries and the undead menace. This post-apocalyptic journey encompasses crafting, base-building, alliances, and land ownership. Crafting, facilitated by NFT Crafting Stations, lets players create valuable in-game items, shaping the economy. Constructing fortified bases wards off threats, while collaboration empowers survivors to thrive. Land ownership is pivotal, offering refuge or challenging territory. The forthcoming Gala Games release melds the established zombie theme with a more relaxed RPG approach, an intriguing fusion that distinguishes it in the genre. The Walking Dead: Empires allows players to participate in scheduled playtests through pre-registration, providing early game access and aiding developers in refining their mechanics. Alternatively, Gala Games NFTs like the Prepper Pack offer exclusive game access. Set within the challenging world of AMC's The Walking Dead, the game thrusts players into a relentless struggle for survival. Moreover, Gala Games' consistent excellence shines through in The Walking Dead Empires, showcasing their dedication to quality. Its isometric survival dynamics evoke nostalgia akin to early Fallout games, while features like base building and walker defense enrich the experience.

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Tiny Colony - Game Review

Tiny Colony - Game Review

Tiny Colony is a one-of-a-kind pixelated ecosystem on the Solana blockchain that offers a variety of games and experiences that do not require NFTs to play. Tiny Colony is a groundbreaking pixelated ecosystem and the world's first blockchain game for simulating construction and management. It has a wide range of game modes, activities, and experiences, so there are always ways to have fun and make money. Also, you can become a smart humanoid ant by working with other players to build and run your own colony, gather in-game resources, and make your own version of the settlement. The game's interesting mythology and detailed world-building make it feel like a real place. Earn rewards and in-game currency for your work, making the game more fun and showing that hard work is appreciated. Players can also defend their colonies by choosing from different factions and taking on different challenges. They are able to finish missions and make the world a better place. The unique way Tiny Colony works gives players full control over their assets, so each building and collection is completely yours. Tiny Theatre is a part of the game, and it lets players learn more about the story and history of the game through short animated films. Get ready to go on an exciting journey to find out what the Tiny Colony is hiding. Tiny Colony is a game that is both fun and profitable. Players build and grow their ant colonies while protecting them from threats, making alliances, and taking part in community events.

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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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