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Gamefi Industry 2023 Trends

Gamefi Industry 2023 Trends

Game Review 

Last year we saw the Gamefi industry taking severe hits and entering a pretty rough patch. Its flagship and super popular games like Axie Infinity and Crypto Blades were floored badly. Their NFTs values went down the drain and came back all the way to floor prices. We also saw big Web2 gaming companies trying to dip their toes in the Web3 waters but had to deal with massive fan backlash. Nonetheless, the Gamefi ecosystem is moving forward making strides despite the crypto winter. However, the important thing evident is that blockchain game developers have learned from their mistakes. Companies are now abandoning the speculative elements and working hard to make games more fun to play. Nonetheless, the gamefi industry has still managed to capture investors’ attention. 

Teknos Associates has identified lucrative opportunities in the blockchain gaming market and predicts an exciting time for the GameFi market in the next 18-24 months. They shared insights into opportunities and trends to watch for in the coming year.

Web3 game studios will create games that match popular genres in the Web2 world, with a focus on immersive gameplay. Top genres like Soulslike and MMO games are expected to make their mark on the Web3 gaming scene this year.

We might see a trend following Soulslike games. A “Soulslike” is an action RPG subgenre that draws inspiration from the Demon Souls game and its successor, the Dark Souls series, both developed by FromSoftware. This type of game is popular for its tough difficulty, combat system based on skills, and environmental storytelling, often in a dark fantasy world.

Soulslike games, such as Elden Ring, are popular with gamers due to their high level of difficulty, skill-based combat systems, and dark fantasy setting. The new Star Wars Jedi: Survivor and The Lords of The Fallen also feature Soulslike gameplay. After its release in February 2022, Elden Ring reached a peak of nearly one million concurrent players. Moreover, it sold over 17.5 million copies, making it the top-selling Soulslike title. So, we may see developers hopping onto the bandwagon and developing games like it.

MMO Games Trend

The “last-man-standing” genre of massively multiplayer online (MMO) games, as seen in Fortnite, continues to lead popularity charts. It has an estimated 2 million to 4 million daily players, so a lot of gamers prefer it. But what about promising MMO games in Web3?

Web3 gaming studios are making significant progress in the MMO space, with Illuvium as a promising example. Self-styled as an “Interoperable Blockchain Game,” Illuvium has a multifaceted approach to gameplay, including an auto battler component. Its immersive world and the battle arena will push the boundaries of the genre, and the $72 million raise from selling virtual land highlights public interest ahead of a full release in 2023.

Blockchain gaming is advancing with the emergence of MMO games such as Dark Forest. This space-conquest game implements fully on-chain gameplay and cutting-edge technologies. It uses zero-knowledge proofs (ZKPs), setting the standard for the blockchain gaming industry.

Need for a True Metaverse and Social Layering

The GameFi industry requires a strong metaverse and social layer for its communities. Ubisoft’s lackluster NFT integration highlighted the necessity of such systems. Ubisoft’s in-game assets were primarily valued for their secondary NFT sales, which is typical of most GameFi 1.0 projects.

The upcoming Web3 games will benefit from incorporating social layers and immersive environments to provide in-game NFTs with more value beyond the marketplace. Decentraland and Sandbox, as first-generation metaverse games, have already established strong secondary economies through their social and immersive features. Recent data shows that user growth in Decentraland is less tied to price. It suggests that users are increasingly attracted to the inherent value of gameplay and open-source development.

GameFi’s missing piece is the introduction of innovative independent games that can compete with mainstream AAA titles and appeal to a broader audience. This milestone will occur in the upcoming year, with many of the major blockchain games, such as Big Time and Guild of Guardians, currently in the final stages of development.

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Gamefi Industry 2023 Trends

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Related P2E Games: Play To Earn Crypto, NFT, Web3

BitBots – Game Review

“BitBots” is a Non-Fungible Token (NFT) metaverse blockchain game on Ethereum in which players can create their own bots by combining bits and pieces. This game offers a unique and engaging gaming experience for players. “BitBots” is a game that allows players to trade, collect, and mint their own personalized bots. The bots are created using a random combination algorithm with 600,000,000 possible combinations, offering a wide range of customization options. However, the minting process has a cap, which adds an element of rarity and value to the bots. Players can have fun collecting, trading, and creating their own unique bots in “BitBots.” BitBots Gameplay: By minting a bot, you will obtain a combined bot made up of a haphazard collection of leftover bot parts from the junkyard. Each bot is created at random on the Ethereum blockchain and can be bought, sold, and traded there. You can combine your favorite elements from each bot after gathering at least two of them to create a new one! From a collection of 29 bots created by 7 different artists. You can create a bot by selecting a head, a body, two arms, and two legs. These randomized bits come into existence via the blockchain, After that, they get coding to create your individual bot. Only 2048 of the over 600 million conceivable combinations will ever be produced. Additionally, some robot parts are harder to come by, making them rare.

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Claw Stars: Adventure with a Twist – NFTs and Casual Gaming – Game Review

“Claw Stars” is a casual non-fungible token (NFT) game that features adorable, fluffy animals. It is designed to be a fun and enjoyable experience for players. “Claw Stars” incorporates elements of claw machine games, which adds to its nostalgiciac and enjoyable nature. Players can compete with their friends and family to collect as many NFTs as possible, bringing back memories of playing claw machines in their childhood. According to the lore of “Claw Stars,” thousands of hamsters were launched into space for survival experiments, but they accidentally traveled through a wormhole in time. When they emerged, millions of years had passed and the hamsters had evolved into superintelligent beings. They found themselves in a cosmos that had undergone significant changes and immediately began modifying their ships in order to explore this new world, which was a new planet. Upon arriving at their home planet, the hamsters discovered that it had undergone a transformation and now contained treasure, artifacts, and even animals trapped in enigmatic orbs. They learn that their new mission is to revive planets and become the ultimate Claw Stars. Claw Stars Gameplay: In “Claw Stars,” the unique gameplay of claw machines is combined with a cute collection of capsule toys. As you explore different planets, you will discover the treasures left behind by previous civilizations and help to repair these damaged worlds. Each time you use the claw, you will have the chance to collect cash, artifacts, and even free creatures that have been mysteriously trapped. This game is a special casual social claw machine experience that is sure to be enjoyable for players of all ages.

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Bullieverse – Game Review

In “Bullieverse,” a fun blockchain game, players can become citizens of Bulliver Island by purchasing a Bull non-fungible token (NFT). The game allows players to own and control digital assets in the form of Bull NFTs, which represent their place in the game’s virtual world. “Bullieverse” is a simple game in which players can become citizens of Bulliver Island by purchasing a Bull non-fungible token (NFT). These NFTs allow players to use a 3D representation of their Bull to play games within the game’s virtual world. In 2021, a total of 10,000 Bull NFTs were created, and more than 2300 wallets currently hold them. The NFTs were programmed with 160 different bull attributes to add variety and depth to the gameplay experience. Overall, “Bullieverse” offers a fun and engaging gameplay experience for players who enjoy collecting and using NFTs. Bullieverse Gameplay Earning: In “Bullieverse,” players who own a Bull non-fungible token (NFT) have access to the “Play-and-Earn” feature. In this game mode, players control a bull avatar and must battle against bears in order to win prizes. The prizes for winning include a Bear NFT and Bull tokens. The game keeps track of winners on a leaderboard, adding an element of competition and replay value for players. Overall, “Bullieverse” gamifies the process of earning rewards and provides players with a fun and engaging gameplay experience. You also get rewards for holding your COBI NFTs, and they are dependent upon a few factors. Which are the rarity of the bull NFT and the number of these Bull NFTs owned by a player. For instance, just 2.5% of the island’s residents have bulls with claws, making them uncommon. Other uncommon characteristics include Crown, Laser eyes, Dagger horns, etc.

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Blockstars – Game Review

“Blockstars” is a blockchain game created by veteran gamers and developers Niko Vuori, Cory Johnson, and Sherrie Chen. It is specifically designed for music lovers and offers players a unique gameplay experience that combines elements of music and gaming. “Blockstars” is a unique simulation game that allows players to live out their dream of becoming a music manager. Players can buy non-fungible token (NFT) singers and manage their careers, earning rewards in the process. The game’s concept of allowing players to take on the role of a music manager and make decisions that impact the careers of virtual artists is likely to be enjoyable and engaging for many players. “Blockstars” gives players and the community true ownership of assets, including virtual artists represented as non-fungible tokens (NFTs). The game’s collection series includes a total of 10,000 Blockstars, with 110 belonging to the Origin Series and 9890 belonging to the Foundation Series. Of these, 110 Origin Series Blockstars and 40 Foundation Series Blockstars cannot be purchased and will be given to veteran members of the game’s community. However, players can buy any remaining Blockstars from the collection through the Magic Eden marketplace. This system of rewards for veteran members and opportunities for players to purchase NFTs helps to create a dynamic and engaging gameplay experience for players. Blockstars Gameplay; The basic purpose of the game is to raise NFT singing bands and help make their careers with a fair share of the profit. The bands will write their music, record the songs, release them, and try to achieve a place on the Billboard rankings. In order to earn some extra cash, you can take part in gigs and small shows. Eventually, when you have enough required cash, you can upgrade your Record Label which in turn will start a new phase of the game – training and making a new generation of singers. The game follows the passage of time according to the real world with a 24-hour time span, which makes the development of the Blockstar singers more in sync with reality. You will earn profits in the form of $ROL tokens which is the governance token of the game. The price of the Blockstars will depend on the rarity of the NFT. The rarity in the Block stars is not just on cosmetic experience but also the skills of the NFT that will actually influence the gameplay. The project hopes to create a player-to-player economy that is also fun to play. So come on and join the glitz and glam of the music industry!

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Best P2E Games list 2024

Gamefi Industry 2023 Trends

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.