GameFi is the next big trend in the world of blockchain gaming and decentralized finance. Several projects noted a strong performance over the past few days, even though there is still bearish sentiment affecting all assets. Interestingly, all of these GameFi assets have a very small market cap.
Most people may know Benzene as War Riders, the MMO on the blockchain combining earning cryptocurrency and blowing up cars. The game provides an apocalyptic setting where players can customize their war vehicles with custom logos and messages through NFT technology. In addition, attacking enemies earns players BZN, introduces a GameFi element. BZN Tokens are primarily released through in-game mining, explaining the recent 38.4% price increase. Even so, Benzene has a market cap of just $4.3 million.
The fully decentralized play-and-earn idle game seems to attract much attention. In the Crabada Kingdon, players can mine, loot, breed, and expand their forces. Playing the game yields CRA tokens which can be used to determine the fate of the Kingdom. With 64 different breed types, the Crabada warriors remain an appealing concept. The CRA token notes a 29% price increase, bringing the project’s market cap to just under $90 million.
Nifty League (NFTL)
Nifty League aims to establish a leading NFT gaming platform powered by community governance and development. There is also a GameFi element through interactive play-to-earn games with customizable characters. Players design, mint, and play their personal characters to compete and earn rewards, including NFTL tokens. The token noted a 21.4% increase and the market cap approaches $20 million.
Pegaxy Stone (PGX)
For those unfamiliar with the Pegaxy Stone currency of Pegaxy project, It is a racing game revolving around futuristic mythological style. Pega horses descend from the Pegasus and are used in player-vs-player races to win rewards. There are various options to explore with support for racing, breeding, and renting. The recent 18.9% PGX price increase allows the market cap to sit slightly above $15 million.
Decentral Games ICE (ICE)
Decentral Games are taking the GameFi industry by storm through its various solutions. For example, the recently released decentralized poker game ICE Poker gives players daily challenges and creates a competitive playing field for everyone to earn real money. The game provides eight different ways for players to earn the ICE token, which also works across blackjack, roulette, and slots. ICE Yields a 17.3% price gain, resulting in a $10 million market cap.
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