The Game Developers Conference (GDC), attended by the video game industry and followed closely by the global player base, started on March 20. 5 GameFi coins, which will take the stage at the event sponsored by giants such as Google and Meta, may show positive price movements.
GameFi coin market prepares for an active week
Hosting the big balls of the industry, the Game Developers Conference is held every year as part of the Game Developers Choice Awards and Independent Games Festival. Sponsors of this year’s conference include Google, Epic Games, Meta, Microsoft, Amazon, and Polygon and Gala Games as Blockchain representatives.
Blockchain games in companies such as Ubisoft and Blizzard will showcase titles and presentations at the conference. As Kriptokoin.com, we mentioned that the GameFi coin market gained momentum with the upcoming event.
https://twitter.com/Official_GDC/status/1621599408570654720
These 5 game coins can be featured
In addition to Arbitrum and Polygon, which offer scaling solutions for Ethereum, the Binance-backed BNB Chain team will also take part in the conference alongside competing Layer 1 projects. These networks will showcase their advantages in incorporating various GameFi projects into their platforms.
Alien Worlds (TLM), Gala Games (GALA), The Sandbox (SAND), Axie Infinity (AXS) and Immutable X (IMX) are among the participants of the conference. GMT, MAGIC, and GALA are among the coins that are gaining momentum, according to the chart below that shows how the GameFi coin market has been performing against Bitcoin recently.
Why do games need Blockchain technology?
Blockchain allows games to be managed securely and transparently, as it has a decentralized structure. Thanks to blockchain technology, in-game economies, in-game assets and other game items can be exchanged securely between players and recorded.
Also, Blockchain technology can prevent other players or counterfeiters from stealing or copying in-game items, allowing game developers to verify and control ownership of items inside games. Therefore, Blockchain technology has great potential in the gaming world and is finding more uses in the gaming industry.
Axie Infinity launches the GameFi Coin market
Axie Infinity achieved great success in 2021 and made a name for itself in the cryptocurrency world. This game can be described as an NFT based game running on Ethereum. Players breed, battle and trade their own digital creatures called Axie.
Axie Infinity’s success in 2021 is particularly associated with the rise in popularity of NFTs. The game reached 2 million monthly active users in July and recorded a daily trading volume of $ 7 million during that time. In addition, the price of AXS, the token used within Axie Infinity, has increased significantly throughout 2021. AXS, which was around $ 0.30 at the beginning of the year, rose to the level of $ 170 in December.
In summary, important topics may emerge from the Gaming Conference, which will take place between March 20 and March 24. The event has just started and the first images are appearing.
Hope you’re ready, San Francisco. I know we are. #GDC23 pic.twitter.com/yrhmRWVyOu
— @ GDC (March 20-24) (@Official_GDC) March 20, 2023
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