Amid the crypto crash, analysts have spotlit GameFi for a major bounce as crypto gaming like PlayDoge beats out gaming stocks.
2023 cracked open the world of crypto gaming, while 2024 saw the muted rejection of the industry. Despite this, the industry is just heating up – so we wanted to tell you why investing in GameFi might pad your pockets from this bear market and a new coin to check out.
Developers spent late 2023 and early 2024 pushing Web 3 to its limits, steadily improving game quality and finding how to use blockchain in gaming.
Investors took notice—$1.4 billion flooded into blockchain gaming, as reported by Dappradar. This period wasn’t just about moving forward; it set the stage for the next boom.
Reflecting on the Evolution of Crypto Gaming
Since the advent of blockchain games in 2017 with CryptoKitties, the sector experienced a transformative journey, with projects like Axie Infinity, The Sandbox, Heroes of Mavia, TapSwap, and Star Atlas – crypto gaming’s first AAA title.
The crypto winter of 2022 hit hard, but by early 2023, projects like Gala and Telegram-based games like Notcoin showed that this space was resilient.
A problem is that most of these games look like 2010 indie titles or mobile games, there still isn’t a standout title (outside of Axie Infinity) that has broken through to the mainstream.
Will DeFi or NFTs be the Next Big Gaming Trend?
Looking ahead to 2024, the blend of gaming and DeFi stands out as a pivotal trend. Honeyland, a popular game for mobile devices, recently integrated DeFi into its gameplay, suggesting a future where financial maneuvers are part of the game.
We’d also be remiss not to mention rumors that GTA VI could include crypto features.
Another trend is Ubisoft embracing NFTs, which is still just an ancillary feature—nothing prominent in games.
Some projects to consider investing in this space are blockchain gaming platform Nakamoto Games, Android gaming sensation Heroes of Mavia, and this next coin.
PlayDoge (PLAY): The Next Big Crypto Gaming Token
The retro Play-to-Earn (P2E) project PlayDoge is stealing the spotlight as one of this year’s best new GameFi coins and has crushed its presale, raking in $5.9 million so far.
PlayDoge taps into ’90s nostalgia, merging crypto gaming memes with vintage video game culture. Gamers care for ‘Doge’ pets, racking up PLAY tokens through 8-bit mini-games.
The top players score bonus tokens via a leaderboard, and the real kicker is 164% APY for staking PLAY tokens. The excitement is palpable. Influencers ClayBro and Jacob Bury are singing its praises, anticipating PLAY to skyrocket tenfold post-listing.
With a booming social media presence and a #1 ranking on ICOBench.com, PlayDoge is perfectly positioned at the crossroads of P2E gaming and meme coin fever.
Visit the PlayDoge website to buy $PLAY in presale now.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
