Play2earn, blockchain gaming, cryptocurrency gaming, and everything else related are still relatively new. It was almost inevitable that blockchain technology and cryptocurrency would converge with gaming, and now that it has, it's gaining ground quickly. It might be simple to lose track of who's who and what's what among the numerous existing and prospective blockchain gaming firms and hundreds, if not thousands, of prospective initiatives.
For this reason, we've put together a list of some of our favourite blockchain gaming firms for the second year running. These are promising new and existing gaming companies that have had or will have a significant influence on the blockchain gaming landscape.
The eponymous online game platform is run by Decentraland, which was behind it when it was first introduced in 2017. In the form of cryptocurrency tokens, users may purchase, sell, trade, and utilise virtual land that they can then personalise and exhibit whatever they choose. Online shops, art galleries, and virtual hangouts have all made use of it.
In addition, Decentraland provides an avatar system, exclusive treasures, and more features to enable users to personalise their homes. Decentraland is actually working toward becoming a true Metaverse, a shared community virtual place where the real world and the virtual world interact and intersect. The land-based cryptocurrency game platforms CryptoVoxels and Somnium Space are examples of similar concepts.
The firm that created Axie Infinity, Sky Mavis, is perhaps the most significant blockchain gaming startup at the moment. It wasn't just one of the first ones to be a success; it has also endured the test of time and attracted large numbers of players continuously for a long time. The NFTs utilised in the game, known as Axies, may be exchanged or sold on OpenSea, just like in other NFT-based games. Users can even breed additional Axies to sell to other players.
With Axie Infinity, making money while playing games is a very real option in the world of cryptocurrency gaming. For many, particularly in developing nations, it is a surprisingly successful way to generate money, but in the West, users often just make a little extra money to support their investment.
Another significant blockchain gaming business is Mythical Games, which is notably known for creating the 2020 game called Blankos Block Party. They did not produce proof of concepts or alpha versions of the game, unlike quite a few other projects, or offer pre-sale tokens. Small independent companies in the crypto-gaming industry frequently use that kind of community-based development methodology, but Mythical Games took a different route.
They launched their game after it was finished, and they also adopted a unique strategy for marketing it: rather than emphasising the blockchain component of it, they wanted to highlight the player-led economies that are present in the game. They are deserving of a place on our list just based on that!
OpenSea is one of the key players in the present blockchain gaming industry, even if it isn't a gaming firm in the sense that it has created a game. Users may purchase, trade, and auction off their coins on OpenSea, an NFT trading platform. Then, these currencies are employed in genuine blockchain games, like Decentraland or Axie Infinity, for instance.
OpenSea is crucial for blockchain gaming aficionados as a trading platform, even if they lack a game of their own.
In addition to letting users purchase and sell NFTs for gaming, OpenSea also enables users to exchange NFTs for other things, including collectibles, artistic goods, and more. The marketplace has generated billions of dollars in sales, with NFTs often trading for astronomical sums.
The Sandbox, another NFT gaming sensation, as well as other NFT-based games like Crazy Kings and Crazy Defense Heroes were developed by this Hong Kong-based corporation, which is unquestionably one of the most recognisable names in the world.
They already have a number of games on their credit, unlike many new companies, and those games include work with well-known IPs like Marvel, Power Rangers, WWE, and Formula One.
Additionally, they have collaborated with other cryptocurrency game businesses, including Dapper Labs, OpenSea, and Sky Mavis. They have successfully raised money via a number of rounds, and they have successfully merged conventional gaming, play-to-earn, and innovative blockchain technology under one brand name. They are, without a doubt, the best business to watch in 2022 as a result!