GameFi Corner: Fortitude, LootRush, Riot Racers, MetaMoose, JogHar and Mayhem Studios
The GameFi industry is currently experiencing a transition period from something considered as experimental a few months ago into a leading sector with innovative technical solutions helping the mainstream audience having easy accessibility and convenience along with all the benefits Play to Earn provides to the public. Here is the graph showing the general gameFi progress as a whole.
According to the source, not only daily unique active wallets have been increased, but also the number of total investment by VC has increased from $70 million in 2020 to $4 billion in 2022, and it still has not reached the peak of this trend.
Furthermore, when looking the gaming development by category, it is expected for smartphone games to become the most dominant in the market, which will be surpassing $100 billion in valuation this year.
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Fortitude by Gala Games
A new game by the Gala ecosystem is planning to launch the Beta version this autumn.
The narrative of the game is about attacking opponents’ town and defending their own ones using towers and other defences.
According to a member of the gaming dev company Youngjun, proved this gaming genre to be entertaining with some innovative twists on it own by monetizing users who are able to show their tower building skills.
LootRush
LootRush is a gaming company focusing in facilitating users to interact with novel play to earn titles. Projects like LootRush are always welcome in the gameFi indutry, proving the relevancy of the utility side is by dedicating their knowledge to new players willing to learn more on how to interact with gaming blockchain.
The plan for LootRush to succeed in a higher gameFi user case is by focusing on solving the current issues that are currently considered as obstacles that can simply not be neglected.
Thus games should not be:
Expensive
Time-consuming
Hard to set-up
LootRush’s vision is therefore to make blockchain games instantly accessible with just a few clicks. Their initiative has been acknowledged by VC firms such as Paradigm, Brex Founders and founders of Axie Infinity, having raised a total of $12 million in an effort to reduce player barriers.
Here is a stat for the weekly crypto gaming transactions, showing which games players are most likely willing to interact with:
Meta Moose
This new project plans to stand out in its own way. It is the first ever hunting NFT collection. The team is working on building a decentralized hunting platform, with an emphasis to promote wildlife preservation and legal hunting practices.
Although the official game release is in 2023, NFT holders can get involved in the community now - engaging with a growing community and enjoying first entrance into the Meta Moose world.
The presale NFT event was concluded by the end of April, followed by the public sale which still has to be announced. That is why we recommend to follow closely members’ activity on the Meta Moose social media groups.
JogHar
Even though the total value locked (TVL) on Cardano has decreased in the last 24 hours, it has been steadily increasing since February, meaning that capital is starting to accumulate there again in favour of Cardano.
Lately, we noticed Cardano is gearing up with a new lineup of freshly built products on the blockchain. The firm has done so with the example of Apexaverse, Cardalonia and now with the latest addition, JobHar.
JobHar is the first move to earn game deployed on the Cardano blockchain. It rewards users for doing daily activities which involves going about your day, running or jogging around. Joghar uses data tracked by your smartphone or fitness wearables to advance your Joghar Sneakers NFT in game.
Riot Racers
Here is another example of more gameFi initiatives that are beginner friendly and require little strategy for success. On top of that, the game has beautiful graphics, fun and friendly interface. Gamers must have a car and a driver that they can purchase as NFTs or rent for free from our internal marketplace. Then the user can enter races for free with guaranteed payouts or enter pay to play races with larger prize pools.
MPL launches gaming studio Mayhem Studios
Mobile Premier League is an Esports platform that has recently launched a new AAA game studio, as an answer to satisfy the booming demand of gamers in India. The core purpose of Mayhem Studios is to harness the strength of India’s talented game developer community and produce high quality games.
Mayhem Studios will be India’s first AAA gaming studio. This is a good sign for the economy of developing countries, meaning that blockchain gaming is developing globally and not just a few selected developed countries.
More news & events
McLaren enters metaverse with MSO Lab - Genesis NFT collection available on May 11th
Gaming startup Untamed Planet raises $24 million in Series A funding from Animoca Brands
Cardalonia: A Decentralized Blockchain-Based Play To Earn Metaverse On Cardano
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⚠️ Disclaimer: Information is for educational purpose and not financial advice