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    Top 3 Potential GameFi Projects Set to Thrive in 2024

    ByDamianz14/01/2024
    In the realm of GameFi, there's a notable surge in development, particularly with the participation of projects crafted by conventional studios. Concurrently, there's a noticeable diversification in offerings, with an uptick in the proliferation of AAA game projects. Which titles are poised to be the GameFi frontrunners in the upcoming year? Let's delve into the top 3 promising GameFi endeavors.
    Top 3 potential GameFi projects in 2024
    Top 3 potential GameFi projects in 2024

    1. Shrapnel

    Shrapnel is the most attractive AAA shooter game project presently available in the market. Despite having introduced its token and conducted airdrops for holders, the project's NFTs and tokens have not only retained their value but also experienced significant growth.

    NFT Shrapnel price increased sharply
    NFT Shrapnel price increased sharply

    The NFT prices for the project remain robust, with a floor price of 0.3E, representing a sixfold increase from the initial price of 0.05E. Furthermore, the project's token has surged threefold from its listing price of 0.1$ within just one day.

    $SHRAP token price grew strongly
    $SHRAP token price grew strongly

    In addition to the rising value of its NFTs and tokens, the game has garnered considerable interest from the community. This is evident from Shrapnel's top ranking on the BitMetis platform for the past 30 days.

    Shrapnel is ranked #1 in gameFi projects on BitMetis
    Shrapnel is ranked #1 in gameFi projects on BitMetis

    Although the project offers community events, the number of events hosted by Shrapnel is relatively limited. Nonetheless, these events attract a large following. The majority of the project's programs involve distributing codes for users to activate their accounts and participate in the game during the Q1 phase of this year.

    It is worth noting that the project plans to allocate 3,000,000 $SHRAP tokens, equivalent to $900k (0.3$/SHRAP), as a reward pool for its upcoming Open Beta phase. Additionally, it is rumored that Shrapnel will launch its own chain on Avalanche, allowing the community to become validators to operate nodes. This resembles the approach taken by XAI game in launching its own chain. Although this is currently speculation, the project's whitepaper mentions node operation and the launch of the Shrap chain on MetaMask.

    The game's reward pool when it is released
    The game's reward pool when it is released

    The community eagerly anticipates the game's release, especially considering the project's $37.5 million investment led by Polygon and other organizations such as Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.

    Shrapnel's partner and investor
    Shrapnel's partner and investor

    Below is a video showcasing the game released by the project.

    Happy Friday! pic.twitter.com/GuBLiIr09K

    — SHRAPNEL 🔺 (@playSHRAPNEL) January 12, 2024

    2. Funplus ecosystem

    Funplus is a prominent mobile gaming studio known for its success in the traditional gaming market. They have developed several popular games, including Overworld, Age Of Dino, Xterio, Palio, and Fusionist.

    Among these games, Overworld, Xterio, and Palio have been primarily developed by members of the Funplus team, indicating their significance within the company's portfolio. Xterio, in particular, stands out as it has attracted substantial investment and serves as a launchpad for GameFi projects. Additionally, Xterio invests in other projects through a dedicated fund, making it a key player in the GameFi space.

    The team behind Xterio is a member of Funplus
    The team behind Xterio is a member of Funplus

    Another noteworthy project, Age Of Dino, is developed by the Game Philos studio, which consists of members with backgrounds in prominent companies like Netease, Zynga, FunPlus, and ByteDance. This affiliation suggests that Age Of Dino is closely associated with FunPlus.

    While Funplus's GameFi projects are gaining attention, Xterio appears to be the focal point. Its launchpad project offers significant advantages compared to tokens used solely within individual game ecosystems.

    As more projects are launched on Xterio, the value of associated tokens is expected to rise. Therefore, seizing the opportunity presented by Xterio is crucial, especially if you missed out on participating in other projects' whitelists for minting NFTs.

    3. Ultiverse

    Ultiverse, although resembling a gaming project, is accurately described as a gaming platform. The project comprises three main elements: NFTs, gaming projects, and a platform for interacting with other gaming projects.

    Projects are in Ultiverse's ecosystem
    Projects are in Ultiverse's ecosystem

    The primary NFT of the project, Electric Sheep, offers significant benefits within the entire Ultiverse ecosystem, allowing users access to most game products.

    The platform for interacting with other gaming projects, Mission Runner, enables the project to host its own events alongside other projects, facilitating community connections and rewarding users through tasks.

    Mission Runner platform
    Mission Runner platform

    Additionally, the project is developing an SDK to empower developers to create their own gaming projects and integrate them into the Ultiverse ecosystem. The first product utilizing this SDK is the Meta Merge gaming project. Ultiverse is attracting a sizable community through its airdrop program on the platform, currently ranking second on Bitmetis.

    The prices of the project's NFTs have seen substantial growth, from 0.34E to 1.5E recently, with rumors suggesting it may become the next launchpad project on Binance. The project has received a $9.5M investment led by Binance Labs, with participation from Sequoia, DeFiance Capital, Skyvision, among others.

    Ultiverse is backed by Binance Labs
    Ultiverse is backed by Binance Labs

    The metaverse game of the project is expected to launch in Q1 this year, accompanied by an airdrop of tokens for NFT holders, SOUL, on the platform.

    If you haven't participated in the airdrop yet, there is still an opportunity to earn additional SOUL through missions on Mission Runner.

    4. Conclusion

    Based on personal research and market observations, here are the top 3 promising projects. However, it's important to note that this is not investment advice, and individuals should carefully consider before investing.

    From my perspective, the approval of Bitcoin ETF opens up opportunities for more significant capital inflow into the market. Additionally, gaming projects are gaining traction as their products are becoming more refined compared to the 2022 cycle.

    As traditional studios develop and enter the market, it will attract a large number of Web 2 users. Therefore, this is a good time to observe and invest.

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    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

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    Damianz

    Damianz

    Researcher at Bigcoin Vietnam

    5 / 5 (1binh_chon)

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