Weekly GameFi Picks — Vol. 2

By Brando_28 | GameFi | 11 Dec 2023

Greetings, fellow blockchain gamers and degens!

One of the biggest narratives of the upcoming bull market should be GameFi if you believe all those influencers on X (and why shouldn’t you? 😅). Of course, there have been talks and anticipation around the play-to-earn sector before but it was brutally cut short by the crypto winter before it even truly began.

As the next bull market is now getting closer, I feel the timing for play2earn to boom will be much better this time. Interestingly enough, I am currently doing some research for another project on GameFi so I thought why not share some of these findings in my blog as well?

Last week I started publishing this weekly blog post series covering games, platforms, chains, etc. The very first article was all about games while this week I’m going to take a look at blockchain gaming-related platforms and projects.

NEOXA

Probably every blockchain game and crypto fan is dreaming of the time when the masses of traditional gamers would find p2e games and dreaming of the time when mainstream games would integrate crypto and full ownership of in-game items(NFTs).

The basic idea of the gaming platform Neoxa is interesting: to reward players of already existing (conventional) games with crypto.

They currently have four games listed which will earn their players $NEOX and if you are a gamer, you’ve probably heard of these: Rust, GTA RP, Dota 2 and Fortnite. According to their X account, the next one to be listed is none other than Counter Strike 2.

However, that’s not all. Neoxa is also rewarding streamers who will integrate their Twitch profile with the platform.

$NEOX Tokenomics

Similar to Bitcoin, $NEOX is a proof-of-work (pow) token with the same 4-year halving period. It has a total supply of 21 billion tokens while the current circulation supply is 4 billion.

The market cap is roughly $20 million and the fully diluted valuation is $106 million.

The distribution of $NEOX:

45% nodes
45% to miners
5% play2earn

It’s also worth mentioning that players can use $NEOX in the marketplace to purchase in-game items and the $NEOX used to do that is permanently burned.

The price of $NEOX has declined -27% in a week but is still up +122% on the monthly chart. I have been trading $NEOX on CoinEX and Xeggex.

Conclusion

Neoxa is an interesting project with a low market cap token. I like the idea of reaching out to players of conventional games as that could present a huge opportunity if it picks up.

So here’s a token with a clear use case (marketplace) and a potentially very big demand if and when more games are added and they succeed in attracting gamers outside the crypto circles. No harm in bagging a few of those!

GAM3 Awards

Gam3s.gg is a place where you can discover web3 games, read reviews and guides and currently take part in raffles of the upcoming Gam3 awards.

There are 19 categories including best mobile game, best action game, most anticipated game, etc. The jury consists of people from Amazon, Google, Avalanche, and Solana among many other investors and experts. The awards are held on December 14th and can be seen on different socials such as YouTube and Twitch.

Even if you aren’t playing blockchain games, this could be an interesting opportunity from an investor’s point of view to pick up the current trends of GameFi and to see a glimpse of the future of web3 gaming.

Here are the nominees:

PORTAL

This is a project I keep bumping into on X ever so often. Curious as I am, I needed to find out what is all this hype around Portal all about.

Their landing page has a short but strong message displayed in capital letters — WEB3 GAMING FOR EVERYONE.

According to their whitepaper and vision, the idea of the $PORTAL token is to connect all games and platforms in the fragmented web3 gaming space and help to make it mainstream. On this site, you can join the pre-sale phase and learn more about their vision, team and partners.

Similar to Zealy campaigns, Portal has a marketing campaign on CrystalDash. The idea of this is to spread the word about the platform on Twitter(X) and by doing so you will earn points which will later on be turned into $PORTAL. So it’s an airdrop system, I guess. The amount of points users get depends on their activity on X — how many likes, comments, retweets, etc. their posts get.

Portal certainly has ambitious goals and we’ve seen airdrops in the past that have rewarded users very generously, Jito on Solana recently, so I guess I have to keep this on my radar as well.

If you don’t mind shilling projects on X, this might reward nicely with a little effort. These are crazy crypto days and you never know about these things…

Lastly…

This is about it for this week’s GameFi picks but there’s one more thing I’d like to mention. As I’ve been doing a lot of research on the web3 gaming field I come across a lot of scams and other crap like that.

Here’s an example of one. Shrapnel is a very promising game on Avalanche and its popularity and exposure obviously attract some scumbags too.

Spot the difference?

Not to mention any names but someone could easily make a mistake when in a hurry and distracted…🙄. This time I was saved by Metamasks notification on a suspicious source.

That’s it. Be sure to follow so you won’t miss the next week’s edition of Weekly GameFi Picks. 😉

Thank you for reading and stay vigilant!