GameFi Corner: Versatility and new technologies unlocking the full potential of GameFi in many sectors
Immutable X │ Polkacity │ Elynxir │ NFL Rivals
In the last edition it has been perfectly explained reasons why gameFi is the main catalyst to accelerate the development of the metaverse. In this article, GameFi Corner is going to add more news of the tremendous influence the play to earn sphere is having on the metaverse. This time we will specifically concentrate on the versatility aspects of gameFi, with examples used in sports, climate change, real estate and music.
Furthermore, more insights are given on some gaming companies that have selected new DeFi partnerships, allowing firms to build more complete products and increase the likelihood of these gameFi projects. The 2 examples we used today are Immutable X and StepN.
Immutable X taking serious steps in blockchain gaming
Great news going on for Immutable X. A busy week for them with new partnerships helping to bring the most out of IMX.
The most impressive update here is the novel implementation of the cross-rollup NFT liquidity. Normally, games that utilize complex DeFi mechanics or composability often require custom smart contract support.
However, things are about to change for IMX thanks to the StarkNet’s technology. Now L1 gaming applications can easily migrate to L2s with minimal changes.
With this move, IMX can support now multiple rollups for games who either need an application-specific rollup or the ones that require custom contracts and composability.
To sum up, IMX has solved the challenge of cross-chain composability:
Many chains - One platform (IMX)
Many assets - One interface (IMX)
Explanation of the process here
IMX has also recently added Rarible as another trusted NFT marketplace partner. Therefore, users can easily trade IMX NFTs across multiple marketplaces now such as OpenSea, Game Stop and now Rarible as the recent addition.
The latest major news indicates a bullish direction for both Web 3 Gaming in general and IMX specifically. The reason why is due to the fact that IMX is already proving it by concentrating on the features that are crucial for gameFi such as scalability, composability, coupled with the full decentralization and security of Ethereum. This is clearly a WIN-WIN situation for anyone who would like to become involved in gameFi.
Play Paintball in the Polkacity metaverse!
Polkacity is here to stay. Recently the company has hired more metaverse specialists to create more fun games providing more options for passive income with high APY. One of the latest fun ideas the Polkacity team has come up with is the creation of the paintball arena in their metaverse.
Polkacity will offer in their marketplace cool paintball wearables that allow every owner to participate into the game and start generating lucrative APY on the investment.
For example, arena owners can earn 150% APY while 25% can be earned through ammunition and weapon sales.
Polkacity has been brave to bring something fresh out of the box and not repetitive as it can happen in many cases. It is an opportunity for players to see it as fun way to participate in something new and engage with other friends in the metaverse. When something is truly entertaining, then earnings automatically fall in the 2nd plan of the player, which naturally it should stay this way.
Elynxir: The Portal to the Music Metaverse
If paintball is not cool enough for you, then how about the Music Metaverse? That is where Pixelynx stands out, as the main author for creating Elynxir, the portal to the music metaverse.
Elynxir has been very creative here, building a more immersive approach where music and culture can become more easily intertwined. The plan for this vision to be realized will be done thanks to the collaboration with top artists and set up campaigns for fashion brands, driving more engagement to all music fans worldwide.
The core values centred around the Elynxir brand are the freedom of expression, community, education and discovery. We are definitely excited to see how this plays out once the game is fully implemented.
StepN x Orca - Where GameFi meets DeFi
While Bitcoin is stagnant, big moves are happening within the Solana ecosystem. In the graph below it shows StepN integration of Orca's pools for swaps, causing the Solana-based DEX a massive growth with 274k transactions from 145k users on May 22. As a result, Orca captured >80% of the market in recent weeks.
Decentraland Mega Tower sells for 238K
Records are meant to broken, even in a bearish scenario. The most recent sale came from Mana’s Mega Tower 2, with the price tag of $238K. At first it seems expensive, but it turns out to become a worthy investment since the owner can build a property with the size of 325 foot, which is 5 times larger than a classic parcel can accommodate.
Synergy between GameFi and Climate change?
The reputation of gameFi could be revolutionized if gaming companies decide to implement carbon offsets in their games. This is creativity at the next level, using the carbon offsets as the main in-game currency and an another layer of incentive for users to positively contribute the environment whilst playing their favourite games.
Of course, games should not entirely rely on the carbon offset economy. Developers can see where does this idea fit and include this feature where it makes most sense, without compromising the quality and the fun each game provide.
One of the protocols showing this encouraging initiative is Toucan Protocol, tokenizing certified carbon offsets on the Polygon blockchain.
NFL and Mythical Games to Launch ‘Play-and-Own’ NFT Game ‘NFL Rivals’
American sports are set to make an even stronger impact by further embracing gaming blockchain. After the successful partnership from Major League Baseball MLB and Sorare, now it is National Football League’s turn to shine. Together with the Mythical Games powerhouse, a new game called ‘NFL Rivals’ has been launched.
Some of the interesting Web 3 components include both ‘play-to-earn’ and ‘play-to-own’. This means that players do not just earn tokens, but also earn and win NFTs where the user can claim his ownership after having successfully completed the set objectives.
Additional news
Pegaxy Mobile Beta is now Live!
Avax Subnet Tracking just started!
Rare GEN ZERO Monkey NFT up for grabs on May 31
Vulcon 2 - Biggest Vulcan Forged meet-up on June 14
Biggest virtual land sale hits $5 million making metaverse history
Dubai doubles down on metaverse development
Cardano NFT Disruptor - EGO.COM enters the game
Nitro League Releases Updated Roadmap to Launch Racing Metaverse
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