Play-to-earn NFT games generated $3 Billion in revenue in 2022, and by 2028, that figure is predicted to rise to $9 Billion. The investors show a growing interest in such projects, spotlighting the ones that can build real engagement.
The current market is particularly interested in the newest GameFi crypto presale, Galaxy Fox ($GFOX), together with the well-established ones like Axie Infinity ($AXS), The Sandbox ($SAND), and Decentraland ($MANA). All these offer unique opportunities to invest and earn while having fun, so let’s look at them to pick the best altcoins to buy now.
- Galaxy Fox ($GFOX)
There has been growing interest in Galaxy Fox from investors looking to diversify their crypto holdings.
The Web3 runner game by Galaxy Fox encourages users to test their abilities and go up the leaderboards to promote friendly competition. The top 20% of players get in-game currency after each gaming season, which can be exchanged for $GFOX tokens. This effectively combines the excitement of gaming with real-world financial benefits.
Galaxy Fox plans to produce 3000 unique NFTs during its presale, which may be minted straight from the Galaxy Fox website and traded on well-known exchanges like OpenSea. Featuring characters from the Galaxy Fox ecosystem, this collection adds a new depth to the project’s appeal.
With the ability to purchase and sell NFTs as well as get brief in-game attribute enhancements, the Galaxy Fox NFT Marketplace creates a vibrant space that boosts the gameplay.
This new ICO crypto also introduces its staking system to ensure loyalty is richly rewarded. 2% of each sale is immediately contributed to the Galaxy Fox Stargate, where devoted owners eventually get a prorated percentage of benefits.
This reward system encourages participation in the community and gives users a strong incentive to hold onto their $GFOX tokens, strengthening $GFOX’s position as one of the best altcoins to buy now.
- Axie Infinity ($AXS)
Developed on the Ethereum network, Axie Infinity is a pet battler strategy game that can be played for free and uses the $AXS token. Axies, cute little 3D animals, populate the game’s world and may be owned as pets. Axie Infinity has similarities to famous Pokemon games such as Pokemon Go.
Every Axie is unique from the others. Your pets may be customized, and you can use them to battle other Axies.
$AXS remains the market leader in GameFi in terms of player acceptance, actual use, and valuations. But it has disadvantages as well.
The unprecedented $600 million Ronin bridge attack in 2022 dealt a severe blow to the project, forcing both gamers and developers to leave the ecosystem permanently.
In addition, Axie Infinity is up against some formidable competition in the game industry, from both new and long-standing initiatives, in its fight for user retention and growth. In order to try to keep users from switching to other games, Axie needs consistent and ongoing content and ideas.
- The Sandbox ($SAND)
Using the Ethereum blockchain, gamers can create, control, and profit from their gaming experiences in the virtual environment known as The Sandbox.
On this community-driven platform, developers may earn money from their voxel assets and blockchain-based games. The utility token $SAND serves as the foundation for interactions and transactions across the Sandbox ecosystem.
Currently, $SAND is revealing bullish signs, with the current price ranging around $0.5. While it is a little outdated for many, some believe this ERC20 coin can climb higher.
- Decentraland ($MANA)
Decentraland is a decentralized platform that facilitates creating, consuming, and monetizing content and apps inside the Decentraland Metaverse. It is based on the Ethereum blockchain and represents land ownership in the Metaverse using NFTs.
Within the Metaverse, users may make and sell virtual products and services and buy and trade virtual land using $MANA. Users may purchase and sell virtual real estate and other assets on the platform’s virtual marketplace.
$MANA has had some depressing declines in the past, but it has begun to turn things around, given the increased interest in web3 and metaverse initiatives.
Bottom Line
Seeing the growing trends in the Web3 gaming ecosystem, it’s obvious this market will explode in the coming years. And to get prepared, you need to find rewarding gaming projects that multiply your returns several times. The presale crypto $GFOX has drawn attention from every corner of the crypto market recently, rising almost $1 million in the first few weeks, and doubling its community. During bull runs, projects like this one often rally hard, and many analysts are calling $GFOX one of the best altcoins to buy in 2023-2024. So get in early, while there’s still time!
Learn more about $GFOX here:
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