When it comes to crypto Gaming, the first names that come to mind are Decentraland, ApeCoin, Axie Infinity, and My Neighbor Alice. This is because they weren't worth much a few years ago, and then they literally exploded, making multiple millionaires.
With the development of Web3 via blockchain technology in the last few years, we have witnessed a growth in the number of crypto gaming projects. As many metaverse gaming crypto projects allow players to monetize their experience, investors are looking for the best GameFi crypto tokens to trade.  In this video, we will review some best gaming crypto projects to invest in 2023. So, watch this video all the way through, so you don’t miss anything.
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Now, let's get started.
The gaming industry is bigger than the film and music industries combined.
2022 was a huge year for the play-to-earn (P2E) gaming scene. An influx of capital and users was followed by a sharp downturn in blockchain game token prices and a decrease in players — and the market is still reeling. And, with the fallout from the FTX disaster reaching into every corner of the industry, play-to-learn's prospects seem bleak on the surface. But peeking under the hood, the numbers tell a different story: Strong funding this year has set the stage for serious “building” in 2023.
A consistent flow of strong raises for Web3 gaming studios has been silently infusing the market with funding for months. In August, UnCaged studios raised $24 million, contributing to nearly $750 million raised by Web3 gaming studios in that month alone. The momentum continued through September when Revolving Games raised $25 million, and October, when Odyssey Interactive, Stardust, and SkyWeaver pulled in $19 million, $30 million, and $40 million, respectively. Thirdverse raised $15 million for Web3 and virtual reality (VR) games in November;
These numbers directly contradict the plunging asset prices and player enthusiasm about the Web3 gaming space. But even as gamers and tokens falter, venture capitalists are betting big on the future of blockchain gaming.
Looking at these raises combined with long-term trends in Web3 gaming, we start to see that some patterns are beginning to shape the industry’s future. So which cryptos are well-positioned to explode in the coming years?
The first crypto that we believe will explode in the coming years is Gala Games.
In recent years, the gaming industry has been dominated by a handful of large companies such as Ubisoft, Activation Blizzard, and Tencent. However, a new player is emerging on the scene, ready to shake up the status quo and change the way we play and think about games. That player is Gala Games.
Gala Games is a company that specializes in creating blockchain-based gaming platforms. They believe that players should have full ownership and control over the virtual items they acquire in games, and those game developers should be incentivized to create high-quality games. To achieve this, the company uses blockchain technology to create a decentralized gaming platform.
With its innovative approach to gaming and its commitment to creating a fairer, more equitable experience for players and developers alike, Gala Games is poised to become the next big thing in gaming. They have the potential to challenge the dominant companies and disrupt the industry, much like Netflix did for television and Spotify for music.
Now, the main reason we think the GALA token has a bright future is that
Gala Games has specified that all games within its ecosystem will use GALA as the primary token. GALA is the native currency of the gaming portal and gifts users to vote on proposals.
Subsequently, the platform updated the community that they plan to re-launch Town Star in partnership with “The Walking Dead Empires.” In the same vein, several gaming titles will be launched in 2023 and 2024.
This year, Gala Games added, they expect more intellectual property holders to join their growing ecosystem. Some of them include PokeGo and AMC. On January 23, Gala Games announced the acquisition of Ember Entertainment and its gaming portfolio comprising over 15 games. Together, these games have been downloaded over 20 million times since deployment.
On their plans to move to mobile, they will avail web3 games such as Meow Match and Aqua Blast to gamers. Meow Match, Gala Games added, will be the first to integrate a monetization strategy. The decision to move has been part of the Gala Games’ strategic plan over the years. As they do so, they said they expect to retain high quality, as expected by the over 2.8 billion mobile gamers, while enabling players to take charge of their digital assets.
The next crypto that will make a difference in the gaming industry is going to be UFO Gaming.
While many companies are building Metaverses following Facebook's rebrand to Meta, UFO Gaming was among the early pioneers that announced audacious plans on building one long before this - and it has now finally come to fruition.
UFO Gaming is the first initiative to establish a unique multichain Metaverse with concrete advantages for gamers, providing them with digital assets such as NFTs in the form of in-game items, virtual land, and monetary value. $UFO holders may take advantage of a variety of perks, including dividends and community participation.
UFO Gaming enclosing their gaming platform within their Metaverse was a strategic move; a recent analysis by McKinsey&Co (2022) projects that the Metaverse market will top $ 50 billion by 2026.
The rise of ambitious crypto projects such as UFO Gaming is important in driving Metaverse growth and adoption. UFO Gaming utilizes virtual reality technology combined with the power of the blockchain to create uniquely immersive gameplay and future value for the $UFO token. The Metaverse market is expected to be driven by the increasing adoption of blockchain technology, the growing popularity of crypto assets, and the rise of UFO Gaming.
Mckinsey surveyed over 3,400 consumers and executives on the Metaverse to find the vast majority believe that it will become increasingly important in the years to come. While Metaverse adoption is in its early stages, it is clear that it has the potential to revolutionize the way we live, work, and play. Those who don't start planning for the Metaverse now may find themselves at a serious disadvantage in the years to come. One way to get involved is to research early pioneers in the Metaverse space such as UFO Gaming.
Tamadoge is another interesting gaming project.
(TAMA) is the native cryptocurrency of the Tamaverse - a play-to-earn (P2E) ecosystem leveraging tradable NFT protocols, allowing players to monetize their gaming experience.
One of the top crypto gaming coins, TAMA is used to purchase Tamadoge pets - virtual dog-like avatars which can be purchased on the Tama store. These pets are used in community-wide competitions, allowing the top players to earn TAMA as a reward.
With a total of just 2 billion coins, TAMA has one of the smallest circulating supplies in the meme coin space. Concluding one of the best crypto presales in 2022, Tamadoge raised $19 million in 8 weeks and then pumped to an all-time high of $0.194 in late 2022.
The price has since retraced but a breakout year is expected with its main game, two arcade-style mini-games, and an Augmented Reality (AR) Tamadoge app - retaining the same P2E dynamics as the web-based platform - on the way in 2023.
The supply will also soon be subject to a 5% burn, decreasing the number of tokens and increasing their value - with all purchases in the pet store subject to the burn.
All told, we expect Tamadoge to be one of the fastest-growing cryptocurrencies in 2023.
Now, do you think these projects will explode any time soon?  As always, share your thoughts and opinions in the comments section below. And don't forget to do your own research before investing in crypto.
If you have any questions or concerns, leave them in the comment section below and we will come back with another video.