2021-11-20 19:26 |
UFO Gaming, the decentralized gaming platform bridging traditional games onto the blockchain, has been touted as the next Axie Infinity by established experts in the GameFi space.
The comparison to giant Axie Infinity is no easy feat for game developers just starting to break into the industry. UFO Gaming has managed to achieve plenty during their short time in the play-to-earn market.
They’ve made history as the first-ever GameFi company to sponsor an e-sports tournament, with an Apex Legends Tournament that was hosted by Twitch streamers Apryze and Nokokopuffs and a $10k cash pool at stake.
They’ve also recently announced themselves as Technology Sponsors of the Chainlink Fall 2021 Hackathon, amongst other industry leaders including Google Cloud, EY, Filecoin and Polygon, thereby establishing themselves as a truly community-oriented project.
Built on the Ethereum blockchain, UFO Gaming places players within the ‘Dark Metaverse’, a closed-loop ecosystem consisting of different P2E games. Players generate in-game assets, such as skins or weapons, which can be used within quests. Gamers can additionally purchase Virtual Land, treated as NFTs in the game, staked to earn rewards from the game’s revenue.
The comparisons to Axie Infinity are only natural, given both company’s play to earn backgrounds. While Axie Infinity recently hit a record market cap of $10 billion dollars, UFO Gaming is set to hit a market cap of over $1 billion dollars in its first year alone. Both companies also present real-world value to anyone interested in social gaming.
The key difference? UFO Gaming sets itself apart with ambitious goals and richly designed games. With goals to partner with AAA studios and prestigious partnerships already under their belt, it’s not long before $UFO rises in valuation and breaks through the GameFi industry.
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