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GameFi has been getting an unjustifiable bad rap since the crypto market downturn in 2022. According to a State of Crypto Index report by VC Andreessen Horowitz crypto fund a16z crypto, web3 games now generate 23 times more on-chain transactions than DeFi, stealing the bulk of worldwide blockchain usage.
There are hundreds of games with Play-and-Earn (P&E) tokens out there, but these five promising GameFi platforms with big visions and tokens could be poised to bounce back hard once the market turns bullish: Axie Infinity's "Shards" ($AXS), The Sandbox ($SAND), Immutable X ($IMX), Oasys ($OAS), and Digital Entertainment Asset Pte. Ltd. (PlayMining) ($DEP).
PlayMining has set its eyes on solving real-world problems. Taking a B2B approach, PlayMining is designing real-world solutions through gamification and token incentives for a number of high-profile partners, like Tokyo Electric Power Company (TEPCO), Japan's largest electric power company.
Other high-profile B2B partnerships include Japan's second-largest telecom operator KDDI Corporation, technology conglomerate Rakuten, one of Japan's top television stations TV Tokyo, as well as the above-mentioned OASYS.
It's All About BUIDLING! From the massive Sandbox metaverse project to the burgeoning platforms, initiatives and games being kickstarted on Immutable, PlayMining, Oasys and Axie Infinity, these are a few of the projects leading development in the GameFi space to keep an eye on.
Read more: https://www.bitcoininsider.org/article/231041/5-gamefi-tokens-look-2023-axs-sand-imx-dep-oas
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