More than just fun or the possibility of making money playing (play-to-earn, P2E), blockchain games linked to the metaverse have turned the projects in this segment into a kind of “great work” and investment. Because these worlds often allow people to be what they want, something that is almost never possible in the physical world. Dynamic ecosystems that have already attracted the attention of investors in 2021, with the purchase of non-fungible tokens (NFT) of virtual land, for example. Anchored in blockchain technology, this realm promises to drive the market in 2022, even with the uncertainties of Bitcoin at this point in the year.
On Thursday afternoon, for example, Token Magic (MAGIC) was trading at $ 4.31. That represents a rise of 101.98% in seven days, according to the graph from CoinMarketCap, which seven days earlier was tracking the crypto asset trading at $ 2.10. However, when this story began to be edited, the metaverse game mapping recorded a weekly gain of almost 150% for a few minutes.
MAGIC weekly performance. Source: CoinMarketCap
MAGIC, a metaverse project in which the NFTs represent treasures, assets that produce income for the owners of the tokens, is not an isolated case, after all the valuation of some games minted in blockchain perhaps helps to explain why 2021 has been labeled by many as the “year of the metaverse”. A term that is likely to be rectified to “metaverse biennium” if 2022 lives up to expectations.
According to CoiMarketCap mapping data collected by asset management fintech Hashdex, Gala (GALA) tops the 2021 list among metaverse gaming cryptocurrencies with a market value of more than $ 100 million, the cryptoasset of Gala Games. recorded a revaluation of approximately 52,000% between the end of December 2020 and the same period last year, jumping from $ 0.005 to $ 2.63. At the time of writing, CoinMarketCap’s annual chart indicated a price of $ 0.3784 for GALA, more than 31.5 thousand percent higher than the $ 0.0012 the chart indicated a year ago.
GALA’s annual performance. Source: CoinMarketCap
Also according to the Hashdex survey, Axie Infinity (AXS) ranks second with a valuation of around 18,000%, followed by The Sandbox (SAND) with around 15,000% and Terra (LUNA) hovering around 14,000%. Meanwhile, other metaverse-linked projects are on experts’ radar for 2022, with a 200% profit outlook.