If you want to find the most promising Web3 projects for investment or simply learn more about such developments, today’s issue is here to help! After carefully researching many projects in the Web3 space, we have selected the best ones.
In this article, we will not only share the answer to the question of what makes these 5 companies stand out from the rest, but also explain the reasons for the popularity of Web3 games among crypto enthusiasts.
What are Web3 gaming platforms?
Web3 games are blockchain-based games that use cryptocurrency. In these games, users can truly own in-game items presented in NFT format. They can be easily bought, sold, and exchanged.
In addition, Web3 platforms offer players the opportunity to earn money from the gaming process. Participating in play-to-earn (P2E) games, tournaments, or leveling up can bring real rewards.
List of the top 5 best Web3 projects
- Gala Games
Gala Games is one of the leading companies in the Web3 space. Players can use the $GALA token to buy, sell, and exchange game assets. This ERC-20 token is also used for voting and receiving rewards. The Gala Games library features 19 games, many of which can be tried for free. In addition, the company gives developers the opportunity to create their own games on the blockchain with NFT support.
In 2022, Gala Games transitioned to its own GalaChain network, which significantly accelerated transactions and reduced their cost. Gala Games also signed an agreement with C2 Ventures, forming a $100 million fund to invest in P2E game development.
Gala’s gaming model is user-centric and offers the opportunity to earn passive income. This approach has attracted 1.3 million active players, making the company one of the most popular in the Web3 space in the US.
- The Sandbox
The Sandbox is a blockchain game that allows players to buy, sell, and create their own land using the $SAND token. This multifunctional token can be used for various transactions, voting, and betting.
The Sandbox has three key features:
- VoxEdi — a program for creating and animating NFTs based on voxels.
- NFT Marketplace — a platform where players can upload and sell their NFTs.
- Game Maker — a paid feature for creating 3D games using visual tools.
Importantly, the platform already has over 400 partners, including Ubisoft, Tony Hawk, Snoop Dogg, and Adidas. In addition, Sandbox attracts over 5.7 million active players, making it one of the largest companies in the Web3 gaming space.
- Sky Mavis
Sky Mavis developed one of the most popular Web3 games, Axie Infinity. This blockchain game attracted a lot of attention after its release in 2018. The gameplay and storyline are reminiscent of games such as Pokemon Go and Hearthstone. In Axie Infinity, players collect, breed, and trade creatures known as Axies.
There are two main modes in the game: adventure and PvP. In adventure mode, players need to earn stars to complete 36 levels. In PvP mode, they battle each other.
The game uses its own $AXS token, which acts as a governance token. It can be used for staking and as currency on the Axie NFT marketplace.
Another important element of this Web3 platform is Ronin, an EVM blockchain created specifically for gaming applications.
- Treasure Land
Treasure Land is a multiplayer tower defense game. The player’s task is to stop enemies from crossing the border by building towers that will attack them when they get close. In Treasure Land, players can collect cards, win prizes, and earn NFT tokens.
Holders of $TRL tokens can receive 30% to 40% of the platform’s revenue. These tokens can also be used for voting and receiving rewards for staking.
In this P2E game, players have the opportunity to own their in-game assets and participate in private tournaments. All game items can be converted into cryptocurrency and sold on a special marketplace.
Players can create their own clans and battle others by participating in public and private tournaments. Public tournaments are held every month, and private tournaments can be organized by the players themselves.
In addition, token holders receive a Treasure Pass, an exclusive program that unlocks new gaming opportunities.
- Illuvium
Illuvium is one of the largest Web3 games on the Ethereum platform. It is an open-world RPG where players can collect, mine, and battle collectible creatures called Illuvials, which are rare NFTs. This game stands out for its stunning graphics and high budget.
The play-to-earn model allows players to earn in-game rewards by completing PVE quests and participating in tournaments. Players can also buy and sell their Illuvials on the internal marketplace. The $ILV token gives players the ability to vote and participate in staking.
Staking rewards are paid in $sILV tokens, which are pegged to $ILV. Players use $sILV as the primary currency for in-game transactions and for traveling to different locations.
Illuvium raised $72 million through private sales but is currently only available for Windows.
