A functioning Play to Earn ecosystem with up to date mainnet, alpha release, NFT marketplaces and subnets
Outer Ring MMO record IDO │ Farsite's new marketplace │ Efinity mainnet │ Avalanche subnets and more...
Despite the current downtrend and backlash towards the crypto industry and NFTs in general, the story is different for the play to earn space. The reason why is because NFT trends were inflated with too much media coverage and thus it showed to be more prone to external occurrences and cause further dips in trade volumes.
However, gameFi as a whole, is still in the development phase and also a more specific niche, with global events affecting less on the play to earn space than other crypto niches.
Interestingly enough, there has been record capital investments to further support gaming blockchain. Here are two massive examples:
🙏 Thanks to our sponsor
👉 Balancer: an Ethereum, Polygon and Arbitrum - Based Automated Market Maker Protocol
👾 Outer Ring MMO
There are more indicators why P2E is gaining more bullish momentum. Outer Ring, an original sci-fi massive multiplayer online game (MMO) has raised $1,6 million, the highest amount ever for an Initial Dex Offering (IDO). This play-to-earn has been developed since 2018 and the Alpha launch is expected to be on June 2022.
The team is having a very positive feedback with the acceptance from the international gaming community, being able to close deals with eSports teams, renowned streamers, and gaming guilds.
These are essential preconditions for a smoother process to bring mainstream gaming into the Play-to-Earn ecosystem.
With these information presented ahead of the Alpha launch in June, we would suggest to keep an eye on this well conceived project while it is still cheap to buy on PancakeSwap. Once the game is launched, it will attract more attention and other major exchanges will list Outer Ring, which will impact its token price.
🚀 Farsite
Farsite is a DeFi-powered economic strategy MMO with player-controlled economics, running in a trustless environment and collateralized NFT backed by native ERC-20. A huge update is the release of its own marketplace tomorrow ( 10 March, 2022). Because of its new marketplace, peer-to-peer selling will be facilitated, allowing Farsite users to find new ways to acquire necessary resources to participate the game.
Check here other top play to earn for March
🔺 Avalanche
The top L1 ecosystem has recently announced exciting plans to strengthen its presence in gameFi and metaverse. A staggering $290 million has been raised in an effort to implement the Avalanche multiverse program specifically aimed for the adoption of subnets.
Subnets are reckoned to be the future of metaverse and gaming, because it allows the network to infinitely scale. When this capability is unlocked, there are no limits to how many subnets can run on Avalanche.
Each subnet will be able to register 4500 transactions per second. When a game/metaverse decides to build on Avalanche subnet, they receive the whole subnetwork to themselves. Consequently, there is no need to access DeFi protocols or DAOs to fight for block space with, and the best of all - users will be provided with all the benefits powered by Avalanche consensus, speed and security.
🔹 Efinity
Efinity is the cross-chain built by Enjin that permits asset holders to accommodate any NFT from any blockchain. That is an impressive accomplishment and thus is nominated as the real super highway for NFTs and makes it a next-generation blockchain for NFTs.
What made especially worth its mention this time is their scheduled mainnet for the 11th of March. Currently, Efinity is running on the Polkadot’s Rococo testnet, and is just 2 days away of becoming officially deployed on Polkadot’s network as a parachain.
Because of the mainnet event, Efinity has a high chance to experience a price pump in the same way as when Moonbeam (GLMR) token went live on Polkadot on the 11th of January.
💥 Arcade
Arcade is a play-to-earn metaverse ecosystem encompassing players, guilds and managers. It allows users to participate in P2E games without previous NFT ownership and win lucrative rewards as a result of playing through the innovative mission pool concept.
Mission pools is where DeFi means GameFi, meaning that players can visit in multiple games and their in-game contribution will recorded in the deFi pools as a result.
For example, one can participate in a Star Atlas mission, going from one planet to another, or a month harvesting on the Illuvium land. All it has to be done is to convert from $ARCADE to $xARCADE token.
Furthermore, Arcade has a worldwide marketing approach, having a presence in 15 regions and in many languages. Thanks to a low barrier for participation, it has been recently under the radar, having attracted meaningful investors such as Solana, Crypto.com, Star Atlas and Illuvium.
With just 17k followers on Twitter compared with 145k followers from Good Games Guilds for example, we believe that Arcade is still at an early stage and it has a lot of room to grow by welcoming more players to participate and make an impact on the Arcade’s platform.
✅ More news and partnerships
Nyan Heroes x Blockchain Space
BetaMars - get free land and NFT
DecentWorld - metaverse from Switzerland
Space Runners - $10 million investment in metaverse fashion house
Holders of Wizardia Arena Genesis NFT - Earn passive income from game battles
Final Frontier DAO gaming guild