2022, The Year of GameFi
Cryptocurrency prices were mixed on the first Monday of 2022 as analysts focused on a number of major topics for the sector. At last check bitcoin was around $47,000, while ethereum was around $3,000.
Tom Leung, founder of X10 Legends, said he saw a future for GameFi, a combination of gaming and decentralized finance within a single ecosystem.
“2021 can be considered to be the year of DeFi and NFT,” he said, “it is almost certain that 2022 will be the year of GameFi and the Metaverse.”
The prime watershed moment for NFTs that followed the metaverse narrative is through GameFi protocols, Tom added.
Huobi Research issued a report last week that said the number of GameFi games has skyrocketed since the summer. As of early December, the report said, GameFi’s weekly active users have reached a record 9.21 million.
“Epic Games, the creator of Fortnite, has said that the company is open to blockchain-based games that support cryptocurrency and blockchain-based assets,” Tom said.
X10 Legends is currently the latest blockchain game where players earn rewards in SHL, a form of crypto tokens which can be exchanged for real money. This phenomenon is also known as “play-to-earn” in the blockchain industry.
In X10 Legends, players will be able to buy or collect various card packs of NFT loot boxes to obtain their favorite Chinese Martial Arts heroes. The combat power of the player is increased by upgrading the cards and card or joining clans.
With a higher total combat power, players can also mine more rewards from the game through the in-game Card Staking function. By introducing a dedicated marketplace, NFTs and blockchain technology, the trading of NFT assets are more secure and represents the players’ true ownership.
X10 Legends will be launching their battle edition of the game on Friday, which players will be able to participate in pvp and clan wars.