GameFi Heats Up as Crypto Prices Soar

The GameFi industry is showing rapid revival during the current bull run for cryptocurrencies. Despite their slow previous two years, GameFi projects are now more active with product launches and partnerships.

StepN and Adidas are partnering for a 1,000 Genesis Edition NFT drop on Solana, with each NFT sneaker valued at $2,200.In addition to that StepN makes it possible for users to earn rewards by carrying out activities like walking, jogging or even just running.

Ordz Games recently launched its web3 handheld gaming device modelled after BitBoy One. The BitBoy One is a restyled GameBoy that performs the same function of the classic GameBoy with the additional feature of allowing people to earn Bitcoins while playing retro games. The device simultaneously features multiplayer mode and VR application.

Numerous GameFi projects are leading to standard game world operations. ARPG Seraph: In the Darkness has just secured an important place in-store by means of genuine game NFT sales. Two characters could be discussing the upcoming release of the game in the last week of the month which is a dark medieval setting where you create your own cast, fight monsters and pick up loot.

Per recent DappRadar stats, active wallets for the GameFi sector have taken an incredible leap, hitting 2.54 million which is more than twofold to what had been a yearly figure. The founders Yat Siu and Johnson Yeh expect “millions of tens” for Web3 gamers this year. While the projects in the GameFi category have often been criticized for targeting finance rather than games, a few of them have collapsed as a result.

Silaghi Cosmin

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