Top 5 GameFi Projects You Cannot Miss By DailyCoin

• Popularized by the based game CryptoKitties in 2017, GameFi has become a booming sector
• The increase in popularity cannot be a surprise due to its utility and financial incentives
• Thanks to GameFi, users can play to earn; enjoying gaming and making money
• CryptoBlades and Axie Infinity make the list of GameFi projects you should not miss

The crypto space continues to expand, with new developments rolling out. First, it was cryptocurrencies and blockchain technology, then came smart contracts and dApps, which has led to the explosion of Decentralized Finance (DeFi).

Every sector of DeFi brings users to a new reality of what they can achieve on the blockchain, letting go of the traditional finance system. From exchanges to wallets, NFT’s, and blockchain gaming, all of these giant leaps have pushed the world closer to achieving the aim of DeFi. Gaming on the blockchain isn’t a new concept and more users are joining various platforms.

GameFi projects have tokens that players can buy to facilitate their performance in the game, or they can be traded like a financial asset on the blockchain. In addition, GameFi has deployed several mechanisms such as staking or collecting rare items from NFT’s to be sold in marketplaces.

As GameFi projects are becoming numerous, here are five you ought not to miss.

CryptoBlades

CryptoBlades is the first GameFi project on this list because of its utility in the play-to-earn sector. The blockchain game is available on Binance Smart Chain and was developed by Riveted Games, a game development company launched in 2014.

All that is required is a browser and its gameplay is easy to understand for users. CryptoBlades users have expressed delight in the simple approach and fast development of the project.

CryptoBlades is a unique system where users register, defeat their enemies to earn SKILL tokens and stake their gains. Furthermore, the yield farming approach of CryptoBlades is elite, giving users the perfect opportunity to earn a passive income from their in-game successes.

SKILL tokens add more functionality to the game, as users can level up their characters with them. The NFT marketplace is also powered by SKILL. CryptoBlades has created a strong gaming community around their project.

Axie Infinity

Axie Infinity probably needs no introduction as it has been one of the fastest-rising DeFi projects. Among GameFi projects, Axie Infinity has the most expensive collection of NFTs, mainly due to the size of its community. It is also the highest ranked GameFi project by marketcap. In June, NFT sales were up to $42 million. Released in July, it has an average of 250,000 daily players.

Axie is a decentralized play-to-earn game with users partially owning the system. Earned AXS tokens give users the right to participate in governance and contribute to the advancement of the game.

Game characters, Axies, all have different powers giving users infinite options in building…