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- 1 The top list of GameFi includes games like Axie Infinity, Sandbox, and Splinterlands.
- 2 These games allow players to earn while playing the game.
NFTs play an important role in gaming as it serves the digital representation of in-game assets. It also offers players a genuine sense of ownership and influence. The owners of the NFT offer players the ability to truly own assets like skins, weapons, real estate, etc. This is a secure way to verify the authenticity and ownership.
GameFi refers to play-to-earn games where the user can earn while playing the game. Players can sell their NFTs through marketplaces or exchanges and get fiat currencies in exchange. Some of the top NFTs in GameFi are discussed below
Axie Infinity
Axie Infinity is a blockchain-based play-to-earn game that is operated by its player. It was created in 2018 by Sky Mavis. This is a battling game where trading of NFTs can be done. Each Axie is an NFT with different traits and powers and can be entered in battle. The winning team earning more points can level up Axie’s stats or develop the body parts. The Axies can produce offspring that can be used or sold in the Axie marketplace.
AXS is the native currency of the platform and it works as a governance token. Its full form is Axie Infinity Shards. The holders of the token can take part in voting and in certain decisions like having a say in how funds in the Axie Community Treasury are spent.
The NFT has a collection of 283.8K items on the Ethereum chain. The OpenSea data shows that it has different traits like ears, eyes, parts, mouth, etc. The highest last sale was made for Angel at 300 ETH followed by Handsome Bob at 200 ETH.
The Sandbox
This play-to-earn game was launched in 2011 by Pixowl. The Sandbox is a blockchain-based virtual world. It facilitates the user to create, build, buy, and sell digital assets in the form of a game. Arthur Madrid is the driving force behind this game.
This platform introduced blockchain technology to the world of gaming. The OpenSea shows that it has 166.2K items. The NFT has a floor price of 0.2748 ETH. The ownership data shows that there are 16,225 owners for 1 item. For 2-3 items there are 4,721 owners. There are 2,586 owners for 4-10 items and for 11-25 items there are 663 owners and for 26-50 items there are 366 owners. And for more than 51 items there are 248 owners.
Alien Worlds
Alien Worlds is a decentralized non-fungible token metaverse where the players compete. This play-to-earn game was developed by German developers Dacoco GmbH in 2020.
This gaming metaverse has many DAOs and every TLM coin holder has a stake in deciding who runs the platform. The OpenSea shows that it has 15 unique items. It has different traits like Character, MECH, etc. The ownership distribution chart shows that there is one owner of 11-25 items.
STEPN
Stepn is a move to earn health and fitness applications. It is a Web3 activity tracker application. This app allows users to tokenize the act of walking, running, or moving. STEPN has 708.3K items and was created in April 2022 on the Solana chain.
To earn tokens and rewards the user must be equipped with sneaker NFTs. It has a built-in wallet for swap and a marketplace to sell and buy items.
The recently sold list includes Sneaker #592996881 at 0.94 SOL followed by Sneaker #343338163 at 1.25 SOL. The highest last sale was made for Sneaker #5 at 99 SOL and it is followed by Sneaker #5292 at 58 SOL.
Splinterlands
Splinterlands is a blockchain-based card game created in January 2020 on the Ethereum blockchain. It is a game where thousands of players battle daily. On the platform, the user can buy and sell NFT cards on the decentralized marketplace. The
OpenSea platform shows that it has a collection of 2,325 items.
In this card game on blockchain technology players have to collect a deck of cards which is then used to play in battles against other players. Players can earn rewards by solving the daily quests, tournaments, and battles. It is free to play but to take part in some tournaments the player needs to buy an essential item
The owner distribution chart shows that there are 254 owners for 1 item. For 2-3 items there are 44 owners. There are 24 owners for 4-10 items and 5 owners for 11-25 items. For 26-50 items there are 7 owners. There are 8 owners for more than 51 items.
Summary
The use of blockchain technology and NFT in gaming enhances players’ trust in the process of playing. Now, the gamers can own their digital assets. Splinterlands, Alien World, The Sandbox, and Stephn offer players the opportunity to earn passive income. The other benefit is that NFT creates the sense of ownership and uniqueness with the ability to earn money.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
