The cryptocurrency investing universe holds so many opportunities and modalities for discovery, providing new ways to make money in the emerging financial multiverse.

One of the most trendy crypto ventures right now is GameFi or game finance.

GameFi is getting everyone’s attention by unifying the well-known prize-winning dynamic with decentralized finance (DeFi), the latest crypto development.

Also referred to as play-to-earn, GameFi directs players to decentralized applications holding economic incentives.

As in DeFi, it is token-based, and players can earn tokens by completing tasks such as battling, raiding, mining, and farming.

GameFi transformed in-game currency into valuable real-world money.

In essence, an in-game currency becomes a cryptocurrency that can be bought and sold on a crypto exchange.

Usually, players start investing a small amount of money to play, and while playing, they make more and more in-game money that will become useful in the real world.

However, such games need funding to be developed and transform their own currency into a high-profitable crypto coin.

That is precisely what launchpads’ do, they help unite gaming entrepreneurs with potential investors.

Source: BullPerks

What Is GameFi?

GameFi is a combination of gaming and blockchain-based financialization. Through quests, trading, or other mechanisms, GameFi allows players to earn digital assets for their efforts in the game.

While traditional games have allowed players to accumulate and trade digital assets for decades, they can lose their investment at any moment if the publisher closes the game or goes out of business.

On the other hand, GameFi projects store their assets on a distributed network. They operate independently of any individual organization, significantly reducing the risk of digital assets. Here you can explore more about how do crypto launchpads work.

Is GameFi legit?

This market is real, with millions of people mainly focused on the massive rise in blockchain-based games in the Web 3.0 universe (or Web3), where developers have an opportunity to create their own worlds, and gamers have all the chances to make money playing their favorite games. So yes, the GameFi concept is definitely legit.

How Do GameFi Launchpads Work?

Similar to DeFi, a GameFi-focused launchpad aims to connect promising gaming projects to interested investors, using the decentralized venture capital dynamic to enlarge the range of possible contributors, and help finance more initiatives.

The way this rolls out into the mainstream audience is through an IGO or Initial Game Offering.

The main difference between an IGO and an ICO or an IDO is that the investment is directly contributed to a blockchain game, sometimes even before it’s fully developed.

Usually, the investor confirms their contribution by purchasing tokens from a launchpad, where they can then invest them in the launch pool of an initiative.

Most IGOs function with fixed tokens that establish the investor’s tier. Following this logic, the higher the investment, the higher the tier, the higher the reward.

Besides utilizing a tiered structure, an IGO can also generate investments through rounds.

Just like the tiers, when joining in on the first round, an investor can expect greater rewards and high risk.

After the launch, the platform releases tokens and prizes in stages.

Top 5 Crypto Gaming Launchpads for GameFi Projects

After covering all the essentials around GameFi and how crypto gaming launchpads work, the next step is to choose some of the best and biggest crypto launchpads, and start buying into this promising investment modality.

Here we have gathered the top crypto gaming launchpads for GameFi projects for you to begin your investment journey on a high-quality and secure system. Check it out!

BullStarter

Source: BullStarter

BullStarter facilitates startups’ access to potential investors and provides tools to help businesses manage liquidity following the launch of their IDOs.

It is a decentralized multi-chain blockchain gaming launchpad powered by BullPerks and built on the Binance Smart Chain (BSC) Blockchain.

BullStarter uses an adaptive tier system to deliver early-stage bargains to its community.

It differs from typical decentralized crypto launchpads in that, when the token price rises, only early investors gain access to the best tiers and deals.

To take part in an IGO in BullStarter, one of the biggest crypto launchpads, an investor needs to stack, starting at 500 BLP tokens to 200,000 BLP.

At the last tier, Titanium Bull, the investor will receive a 50% allocation from the first, second, and third deals and 25% on the fourth deal. Read here how to choose the best crypto launchpad for your investments.

GamesPad

Source: GamesPad

GamesPad is one of the biggest crypto launchpads and gaming launchpads. It concentrates on gaming-related projects, as well as NFTs and the metaverse.

This NFT game launchpad is multi-chain, making it easier to invest and providing more room for purchasers.

It collaborates with projects on several blockchains, including Ethereum, Binance Smart Chain, and Polychain.

Because community is at the heart of GamesPad, the platform’s design ensures that everyone, including investors and entrepreneurs, has access to the resources they need to achieve their goals.

Security is a core aspect of a positive community experience, so a team of specialized professionals reviews each project before it is launched on GamesPad, guaranteeing that only the most promising and high-returning initiatives are available.

GamesPad has very recently launched, so it is a rare opportunity to take part in a brand new investing space and secure your place in the many IGOs that are about to start. If you are interested to participate learn also about whitelist in crypto.

Gamestarter

Source: Gamestarter

Gamestarter offers an NFT-based marketplace to help projects raise funds.

Briefly, an investor buys the token GAME to buy these NFTs and then invests in the launch pools.

To take part in an IGO in Gamestarter, an investor needs to log in to their wallet, select the $GAME Level staking, enter some tokens and confirm the transaction.

This launchpad also presents a tier system and offers staking options starting at 750 GAME to 60,000, divided into tiers and sub-tiers.

One of this platform’s particularities is that it offers dedicated support to indie game developers, helping them gain visibility for their projects.

Enjinstarter

Source: Enjinstarter

Enjinstarter is part of the Enjin platform, which focuses on developing blockchain games.

Like its native platform, this launchpad aims to expand game developers’ digital assets and blockchain strategy.

As with most launchpads, to take part in an IGO through Enjinstarter, the investor needs to stake the EJS token.

Staking will place the investor in tiers, which will later determine participation and allocation in the IGO. Stacking starts at 25,001 EJS to 500,001.

One notable trait about Enjinstarter is that it helps creators use NFTs as an alternative source of funds for their initiatives.

Seedify

Source: Seedify

Seedify runs on the Binance Smart Chain, allowing players to vote on submitted initiatives’ direction and decisions.

To ensure security, all investors must go through a Know Your Customer verification before taking part in an IGO.

Later, they can purchase SFUND tokens to invest in projects through a tier system.

With a 9 tier system, its first tier is up to 250 SFUND and completes the token distribution via a lottery system.

All other tiers guarantee your shares, and starting at the sixth tier, an investor can also experience private sales.

Top Five GameFi Projects to Watch out for in 2022

Cryptocurrencies and blockchain technologies sometimes go through sector shifts.

Investors, traders, and crypto enthusiasts who understand why new sectors emerge can reap significant returns.

Following decentralized finance (DeFi), GameFi has made its mark in cryptos as one of the most skyrocketing trends in recent years. Blockchain-based gaming projects offer players new exciting ways of making money through gaming.

Play-to-Earn and NFT-based projects are life-changing right now. Let’s take a look at the five hottest GameFi projects in 2022.

Axie Infinity

Source: Axie Infinity

Axie Infinity initiated a parabolic run for the GameFi market in 2021. This exciting GameFi project showed the potential and promising play-to-earn concept.

For a brief period last year, Axie Infinity averaged over $30 million in revenue daily.

Axie Infinity’s simple but still exciting game mechanics, involving users minting unique valuable NFTs, forming a team, and winning battles to earn money, propelled the vast majority of gaming enthusiasts to give it a shot.

It also allowed players to generate passive revenue from $AXS (the governance token) staking.

Xchange Monster

Infrastructure projects as big as the Xchange Monster will help bridge gap in the gaming community and between the developers and will also provide an enormous market potential.

The project aims to eliminate decentralized areas by allowing developers to use regulated platforms in their platforms.

It will inspire more developers to transition to Web 3.

GameFi provides a full suite of services including the NFT marketplace, trading platforms and the wallet app.

Xchange Monster is helping the gaming community embrace crypto by strengthening game developers and empowering players while making blockchain gaming UX more gripping and riveting.

Splinterlands

Source: Splinterlands

Everyone loves to collect and trade card games on this game. Hive blockchain technology has been created exclusively to make Splinterlands so it should no surprise that the app is probably the greatest.

In just 30 hours there have now been 528,320 active wallets. Splinterlands has many advantages when playing with plans.

A regular game tournament is also offered for the public. Splinthards (SPS) are a governance tool for Splinter Land and the most enjoyable thing about the game has been its free start.

DeFi Kingdoms

Source: DeFi Kingdoms

DeFi Kingdoms can be called one of the most complete play-to-earn games in the entire GameFi ecosystem.

The project has created unique gameplay mixed with DeFi functionalities that can prove to be better than any other play-to-earn game.

The unique value proposition for DeFi Kingdoms fans is that they can level up their in-game non-fungible tokens (NFTs) or characters by participating in daily quests, which would augment their yields over time.

Players can also engage in liquidity mining of its in-game native token, $JEWEL, to generate passive rewards.

Illuvium

Source: Illuvium

Illuvium is one of the most anticipated blockchain titles in the GameFi sector.

It is said to be the first-ever game with gameplay similar to a AAA video game.

The open-world of Illuvium is developed using Unreal Engine 4.

What is more, Illuvium is creating a subset of the main game, Zero.

It will be used for creating virtual assets inside the project’s Metaverse.

Players can populate their virtual lands and add more resources to increase their value in the secondary market.

To sell in-game assets, such as weapons, skins, and armor, players will have to use IlluviDex, an NFT marketplace of Illuvium.

More GameFi Projects

Aavegotchi

Aavegotchi is an open-source, community-owned NFT gaming protocol, enabling true asset ownership for gamers.

Aavegotchi NFTs are on-chain collectible ghosts staked with Aave’s interest-generating aTokens.

Players need to compete for rewards by earning XP, level up, and increase the rarity of their Aavegotchi fren. Aavegotchi is governed by the AavegotchiDAO and the native eco-governance token $GHST.

Benji Bananas

Benji Bananas is an online and free mobile game with no blockchain capabilities. However, Animoca Brands, the owner of Benji Bananas, is injecting its games with play-to-earn (P2E) features.

The gameplay is as simple ast that: players swing from vine to vine and pass obstacles. Rewards are mailed to people in PRIMATE and can be swapped by the user for ApeCoin (APE), the project’s native token.

Is GameFi a Good Investment?

Just like any other investment, GameFi is not a risk-free proposition. Assets held by gamers are exposed to the same volatility that affects the broader cryptocurrency markets. They are also vulnerable to shifts in user trends favoring some games or blockchains over others. As a result, participants should be prepared to lose some of their investment at first as they hone their skills and knowledge. What is more, the sector is not immune to rug-pulls by fraudsters.

However, GameFi can help people demystify crypto finance with an intuitive and visual gaming world. This could be the bridge that will lead to cryptocurrency adoption in the coming years. It gives people worldwide the first foot on the financial ladder.

GameFi’s unique selling proposition is simple — it’s entertaining. It is much more than can be said about the seriousness of traditional finance and the complexity of DeFi. In addition, this sector is especially attractive to the younger generation who grew up playing video games.

About GameFi ecosystem

The GameFi ecosystem uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment.

In a decentralized GameFi ecosystem, platforms offer the ability for gamers, creators, and crypto enthusiasts to engage. Creators and developers have the liberty to work on creating immersive games and engagement mechanisms, and gamers oblige. The value created in the form of “in-game tokens” and non-fungible tokens (NFTs) is distributed across stakeholders through robust economic models referred to as tokenomics.

How to Start Playing a GameFi Game?

The particular starter requirements of each GameFi title varies, but most games need users and players to possess a digital wallet and buy a few in-game items to participate.

  • Get a crypto wallet like MetaMask

  • Fund your wallet

  • Buy beginner in-game items

Bottomline

To ensure that your participation in an IGO is successful, it is important to use a launchpad to establish and fulfill investments. Those platforms offer a safe space for investors and entrepreneurs to match democratically and anonymously.

Source: BullPerks

Placing your money in a launchpad not only gives you a chance to make profits but also helps to scale the growth of the blockchain gaming industry, building up the success of several small entrepreneurs and projects along with it.

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