TOP 10 GAMEFI PROJECTS BY MARKET CAPITALIZATION
As of August 2022, the top 2 GameFi projects based on market capitalization still belong to the two biggest players in the Metaverse – Decentraland ($MANA) and The Sandbox ($SAND) with the market cap of $1.8B and $1.6B respectively. This is thanks to their having 3D browser-based platforms that give users the tools to create 3D assets and then tokenize them as tradable NFTs. Furthermore, the two giants also provide users with the tools to build games, galleries, concerts, casinos, and everything else that can be virtually conceived.
In the third place, we have Axie Infinity (AXS) – a world-renowned GameFi project that received huge attention due to its high earning potential, well-developed game plot, and amazing gaming experience.
The other positions belong to other familiar projects with high growth potential such as Enjin Coin ($ENJ), Gala ($GALA), and Radio Caca ($RACA) with a significantly lower market cap of less than $619M. However, it is highly anticipated that these projects’ market cap will soar highly in near future.
With these impressive statistics, the GameFi market is expected to thrive and prosper on a greater scale and it is anticipated that more new projects will soon join the top 10 GameFi projects based on market capitalization.
Which GameFi projects do you expect to see joining the top 10 in near future? Let us know in the comments below.