The cryptosphere is all set to embrace massive changes, as traders and investors gear up to make most of the year in hand. While mainstream cryptos, Non-fungible tokens, metaverse, and DeFi projects are now part of every investor’s portfolio. Traders are now keen on other sectors which have relatively lesser exposure, that include Play-to-Earn projects and DAOs.
Shedding light on Play-to-Earn (P2E) projects is probably a necessity, as these projects are primed to make virtues for the year. The rise of NFTs, and metaverse coupled with the interests revolving around passive earnings could lead P2E projects to the forefront. P2E projects are now emerging as potential bags for seekers of high-yielding assets.
Will P2E Projects Revolutionize 2022?
Folks from crypto town have been on the quest of high yield assets which are relatively less prone to economic impacts in the world. As mainstream cryptos are subject to economic activities and regulations by government authorities. Play-to-Earn projects and games have been emerging as an ideal choice as these are less prone to external factors, and help users earn passively. The following projects are now under the radar of professionals in the game.
Gods Unchained (GODS):
Gods Unchained is a trading card game, which enables gamers to assemble a deck and tactics to triumph over the rivals. Winners in the game are rewarded with rare cards. The GODS tokens can be earned by selling achieved cards for higher returns in the marketplace.
GODS at press time is trading at $3.18, which is down by 2.76%, the market cap of the project is at $75,340,016. While the volume of trades for around the clock are up by 22.29% at $24,305,627. The digital asset is down over 60% since its ATH, which suggests the scope of the asset.
The Sandbox (SAND):
The Sandbox, a top-tier project from the world of metaverse, the project houses The Sandbox game, which allows gamers to earn rewards by completing tasks, playing games, selling NFTs, selling and renting out lands. The project has been the front runner in the virtual world, and holds significant dominance in the P2E world.
The native token SAND at press time is trading at $4.43, which is down by 6.07%. The market cap of the project is up by 5.11% at $4,124,146,599. While the trade volumes for 24-hours are at $317,547,533. SAND is down about 47.47% since its ATH.
Axie Infinity (AXS):
Axie Infinity is one of the renowned players from the P2E space. The project enables users to collect, breed, raise, battle and trade characters which are known as Axies. Which are NFTs with different capabilities. AXS is the governance token of the ecosystem, players need to hold three AXS to initiate the game.
Participants of the game can earn SLP tokens by selling, breeding AXS for the marketplace and competing in PvP battles. Tokens can also be earned by triumphing over enemies and by selling or owning land parcels.
AXS at press time is trading at a discounted price of $73.13, which is down by about 9.5%. The asset remains one of the undervalued ones to buy, as the market cap is down by 9.48% at $4,454,186,112. With the price being down from its ATH of $165.37 by 55.75%.
Summing, the crypto town hosts a myriad of projects, catering to numerous and emerging sectors. Play-to-Earn projects are now arguably one of the potential assets, as a number of these projects are available at a discounted price. With ways for passive income on offer, traders are keen on these investments.