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Since the launch of Ethereum-based blockchain game CryptoKitties in 2017, the decentralized gaming industry has exploded and is currently valued at nearly $30 billion. The marketplace, called GameFi for its utility and financial incentives, allows gamers to play to earn money and provides them with passive income while enjoying games. With over 2.5 billion online gamers worldwide, the GameFi industry shows clear signs of growing into a trillion dollar market over the next decade.


GameFi projects have tokens that players can buy or earn in-game, making it easier for them to work in-game, or they can be sold for cash on open marketplaces. However, with so many games hitting the market every other day, it's difficult for players entering the GameFi industry to choose the most profitable and entertaining blockchain games. But do not worry, below we explain some of the best new GameFi projects to look out for in 2022.


Axie Infinity


Our first pick needs no introduction, as it is the biggest and one of the fastest growing GameFi projects. According toDappradar, Axie Infinity is the largest gaming protocol by monthly volume and has spent over $1.1 billion in the last 30 days. The protocol has a rare, unique and expensive collection of NFTs with an average of 120,000 players per day.


Axie Infinity was launched by Vietnamese company Sky Mavis and offers a collection of decentralized play-to-earn (P2E) games where users partially own the system. Players earn or win their own AXS token, which qualifies them to participate in the decentralized management of the platform, contribute to the platform's growth, or act as a financial investment - as the coin has grown 15,000% in the last year.


Simply put, Axie Infinity is a blockchain-based Pokémon-like game where the game's characters, called Axes, have different abilities and offer players endless opportunities to team up with and battle against other players. Unlike Pokémon, Axes are unique and rare digital objects known as NFTs that are stored on Axie's own blockchain.


DeFi Kingdoms


DeFi Kingdoms , a new addition to the blockchain gaming scene, gives Axie Infinity the opportunity to make money by expanding its P2E and NFT games on the Harmony One blockchain. The platform offers its own version of tokens, Heroes. These are characters that players use in quests to win and earn more tokens. These are programmable NFTs that players can upgrade and equip with additional gear to increase their chances of winning the quest.


According to Dappradar, DeFi Kingdoms currently ranks first in terms of transaction volume over the past 7 days. The decentralized game log recorded over $300 million worth of transactions last week, and the platform has 25,000 daily users.


Liberty Gaming


AlthoughLiberty Gaming goes unnoticed, it is considered one of the fastest growing blockchain games on the market. Launched in 2021, the platform offers unique features and functionality that allow players to enjoy the benefits of GameFi through lower barriers to entry, new investment opportunities for players, and a diversified portfolio of decentralized games.


Liberty is also committed to training and mentoring these players and providing them with the opportunity to earn money playing games. To help players enter the P2E metaverse, the protocol launched the Liberty Gamers Guild in November, which allows players to minimize the risk of earning just one game. Members of the platform use a portfolio of seven games and invest in them immediately, which helps players own a diversified game portfolio. The available games include Axie Infinity, The Sandbox, League of Kingdoms, Star Atlas, Guild of Guardians and Illuvium.

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