Blockchain gaming, cryptocurrency gaming, play2earn, and nft games everything that surrounds it are all relatively new concepts. The convergence of cryptocurrency, and hence blockchain technology, and gaming was a foregone conclusion, and now that it has arrived, it is fast gaining popularity. With several established and aspiring blockchain gaming firms, as well as hundreds, if not thousands, of forthcoming initiatives, it’s easy to lose sight of who’s who and what’s what.
That is why, for the second year in a row, we have compiled a list of some of our favorite nft games firms — promising new and existing gaming companies that have had or will have a significant influence on the blockchain gaming landscape.
Decentraland is the organization behind the eponymous online game platform; launched in 2017, it now hosts a slew of distinct projects. Users may purchase, sell, trade, and utilize virtual land with crypto tokens, and then decorate and show it anyway they choose. It has been used for e-commerce, art exhibitions, and virtual gathering spaces.
Apart from that, Decentraland has an avatar system, its own collectibles, and more tools for users to customize their home. Indeed, Decentraland aspires to create a true Metaverse – a collectively shared virtual realm in which physical and virtual reality converge and merge. CryptoVoxels and Somnium Space are also similar ventures, since they are all land-based crypto-gaming platforms.
Sky Mavis, the firm that created Axie Infinity, is now the most significant blockchain gaming startup in the field. Not only was it one among the first successful ones, but it has also endured the test of time, continually attracting large numbers of players for an extended period of time. As with previous nft games, the NFTs used to play, called Axies, may be sold or exchanged on OpenSea – and users can even breed new ones to sell.
Axie Infinity is nearly associated with the Play2Earn idea — making money while playing a game is a genuine option in crypto-gaming. For many, particularly in third world nations, it’s a shockingly successful way to earn money, but in the West, users often earn some extra cash to supplement their investment.
Mythical nft games is another massive blockchain gaming firm, best known for developing the Blankos Block Party game, which launched in 2020. Unlike a large number of other projects, they did not provide pre-sale tokens or otherwise make proof of concept or alpha versions of the game available. This kind of community-driven development is quite prevalent among tiny indie ventures in the crypto-gaming market — and yet Mythical nft games took a different route.
They launched their game when it was ready, and they also took a unique strategy to promoting it — rather than emphasizing the blockchain part, they emphasized the game’s player-led economy. That alone qualifies them for inclusion on our list!
While OpenSea is not a gaming firm in the traditional sense, it is a critical component of the current blockchain gaming universe. OpenSea is a non-fungible token trading platform; users may purchase, sell, and auction their tokens on the platform. These currencies are then utilized in real-world blockchain nft games like Axie Infinity and Decentraland. Despite the fact that they do not have their own game, OpenSea is critical as a trade platform for blockchain gaming enthusiasts.
Along with trading game NFTs, OpenSea enables users to trade other forms of nft games, such as collectibles, art content, and more. The platform’s sales have surpassed billions of dollars, with nft games trading at unbelievable prices every day.
This Hong Kong-based firm is arguably one of the world’s most recognizable companies; they are the creators of the Sandbox, as well as other NFT-based titles such as Crazy Kings and Crazy Defense Heroes. Unlike a lot of startup companies, they already have multiple nft games under their belt — including collaborations with major IP such as WWE, Marvel, Power Rangers, and Formula One.
Additionally, they’ve collaborated with other cryptocurrency game startups, like Dapper Labs, OpenSea, and Sky Mavis. They’ve raised three significant rounds of investment and have successfully integrated play to earn, conventional gaming, and innovative blockchain technology all under one brand name. That clearly qualifies them as the firm to watch in 2022!
Blockchain Gaming Startups to Watch
While these initiatives may not yet have the same level of influence in the blockchain gaming field as the firms on our list, they do offer something new and fascinating to the current crypto-game industry. Take a look at these!
This development firm was instrumental in establishing the entire blockchain gaming trend — in 2017, they published CryptoKitties, the first successful Play2Earn title that include nft games and cryptocurrency-related gameplay. While the game’s popularity has waned, Dapper Labs has continued to develop new content, including Cheeze Wizards.
Without Dapper Labs, there is a good chance that the blockchain gaming economy would not exist in its current form – or would look extremely different. This will eternally establish Dapper Labs as a pillar of crypto-gaming history – which is more than enough to earn them a position on this list and your undivided attention in the event of future releases.
Enjin is an Ethereum-based platform that has been in operation since 2009 and has lately earned wonderful reviews from organizations such as Nasdaq. Enjin provides a unique environment for would-be creators to construct nft games and some gameplay features without requiring them to possess the coding skills that often stymie budding NFT game concepts.
Billions of assets have been generated, and millions of their wallets have been installed – thus although Enjin is not a new company, their platform provides an interesting and straightforward entry point into a fast-paced and challenging sector.
With several established and aspiring blockchain gaming firms, as well as hundreds, if not thousands, of forthcoming initiatives, it’s easy to lose sight of who’s who and what’s what.
That is why, for the second year in a row, we have compiled a list of some of our favorite blockchain gaming firms — promising new and existing gaming companies that have had or will have a significant influence on the blockchain gaming landscape.