GameFi essentially refers to the monetisation of the gaming space which now enables gamers to earn real-world money while simply playing games. Pac-Man news…
This evolution is made possible by the integration of blockchain technology within gaming platforms, which allows data to be stored publicly and securely, enables fast and safe transactions, and makes the ownership of certain items publicly recorded, contributing to the increase of these items’ tangible value.
Without any further ado, let’s explore three projects focusing on GameFi and gaming-related initiatives. The last one, Pac-Man frog (PAC), is currently offering its token, PAC, for presale before its official listing.
Launched in 2019, Klaytn (KLAY) is a South Korean blockchain platform that focuses on GameFi along with metaverse initiatives.
Notably, Klaytn offers an end-to-end blockchain-based gaming solution which includes software development kits (SDKs), smart contract online libraries, built-in wallets, Layer 2 (L2) solutions, interchain bridges, data streams, and more. This makes Klaytn’s solution one of the most complete and comprehensive ones on the market currently.
Klaytn further distinguishes itself through its unique management mechanism. Indeed, instead of the traditional Decentralised Autonomous Organisation (DAO) boasted by nearly-all new crypto projects nowadays, Klayten features a so-called “Governance Council” which includes major companies and projects from different industries.
The Klaytn Governance Council notably includes leading projects such as Kakao, South Korea’s largest mobile company, GroundX, LG Electronics, PUBG, and others. Each of these council members is in charge of a particular node within the Klaytn ecosystem, and can submit proposals and vote regarding Klaytn’s future development.
Having known success in South Korea and South-East Asia, Klaytn is now eyeing an expansion within the European and American markets.
This should be a piece of cake for Klaytn given the project’s leading status in the crypto space now – its native cryptocurrency, KLAY, is part of the top 50 largest cryptocurrencies and is now trading for $0.89.
Gala Games (GALA)
Gala Games (GALA) is another gaming-focused project that developed a thriving ecosystem of diverse blockchain-based games. Just as Klaytn, Gala Games built its own blockchain, which is run entirely by the Gala community, in accordance with the principles of decentralisation upheld by blockchain technology and the crypto community.
Being less in the spotlight than its big brothers Decentraland (MANA), The Sandbox (SAND), or Axie Infinity (AXS), Gala Games remains an up-and-coming project that has received less spotlight over recent months and therefore might have been missed by certain investors.
As a play-to-earn (P2E) platform, Gala enables its users to earn money and generate tangible returns from playing its ecosystem’s games, a great way for users to generate an easy side income while doing something entertaining!
The Gala platform therefore rewards its users with its native currency, GALA, which can in turn be exchanged for items in the Gala ecosystem and games, or easily exchanged against other cryptocurrencies or fiat currencies. On top of GALA tokens, gamers can also win valuable NFTs.
As aforementioned, the entire Gala platform is community-run, and future games projects depend on community feedback. At the moment, a role-playing game called Mirandus and a Minecraft-like game called SpiderTanks are in the works, along with a dozen other games which will be released gradually throughout 2022.
Gala Games particularly appealed to the crypto community due to its community-first approach, engaging game design, and how easy it made it to earn digital assets and real money whilst gaming.
So far, Gala Games has sold 26,000 NFTs since its inception in 2019, and consistently attracts over 1.3 million monthly active users.
GALA is a promising cryptocurrency that seems bound to experience strong tailwinds in upcoming years.
Pac-Man Frog (PAC)
Pac-Man Frog (PAC) is an early-stage initiative that is developing a decentralised community based on the Solana network and that ambitions to play a leading role in the DeFi, Web 3.0 and metaverse revolution.
Pac-Man Frog aspires to develop a platform entirely dedicated to everything DeFi, gaming, and NFTs. Its whitepaper, available on its official website, details a thriving ecosystem which will include an NFT launchpad, an NFT aggregator, and a GameFi-focused NFT marketplace.
Additionally, Pac-Man Frog hopes to make early-stage venture investing easier to access for the general public. Pac-Man Frog will feature an incubator devoted to blockchain-based gaming and NFT emerging projects which will connect promising entrepreneurs and provide them with access to financing and networking.
Pac-Man Frog’s native token, PAC, will have a governance system that will provide its holders with voting rights to influence the future of the project. PAC is expected to be listed in the coming weeks, providing the project with a strong upcoming catalyst.
PAC’s presale is powered by a new launchpad technology called BoostX, which powers a number of other upcoming presales. One of these is Securipop (SECR), another project in its presale that will deploy on Binance Smart Chain (BSC) and aims at developing a digital community focused on increasing interconnectedness between blockchains.
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