Five GameFi Projects to Monitor in 2024.

In the midst of various new sectors in the crypto industry, it seems that the gaming Web3 or GameFi sector refuses to lose popularity. Based on a report from CoinGecko, there will be 720 GameFi projects created in 2023, which is the second highest number after 2021.
It is likely that the GameFi sector will have good potential in 2024, based on last year's achievements. This article looks at five GameFi projects worth paying attention to in 2024.

ScapesMania

ScapesMania is a game where players can enjoy an interesting story, minigame, and customization of building their own house and garden. Players gain ownership of a small plot of land near the city and players can decorate the house and garden as attractive as possible.
Image: Homepage ScapesMania. Source: ScapesMania
This game has a native token called MANIA which functions as a reward to players, governance rights tokens, and can be staked to earn returns.
Apart from that, there is a mechanism token buyback namely buying back MANIA with revenue < a i=4>platform and token burn i.e. cutting the number of tokens in circulation. This can maintain the total supply of tokens and potentially appreciate token prices.
As of this writing, SpaceMania has succeeded in raising funds of US$4 million through presale. The presale stage is still ongoing at a price of US$0.00753 per token.

Illuvium

Illuvium is a game of the genre role play developed fantasy on the Ethereum blockchain by a decentralized autonomous organization (DAO) called Illuvium DAO.
At the end of 2023, Illuvium announced that Illuvium Beta 3: PvP is available on the Epic Games Store. Please note that Epic Games is a publisher and game marketplace popular among < /span>.gamer

🌟 Major Announcement, Rangers! 🌟

Mark your calendars for November 28th! The moment you've all been waiting for is here! Illuvium Beta 3: PVP is coming, and that's not all—we’re live on the @EpicGames Store! While you can’t download it just yet, add it to your wishlist and… pic.twitter.com/NNdpBLa1h8
— Illuvium (@illuviumio) November 8, 2023

Illuvium has a native ILV token which in the last year has experienced an increase of +122% from US$38.15 to US$84.76. With the price all time high (ATH) at US$1,930, there is still plenty of room for ILV to experience price appreciation when GameFi starts to shine.

Pixels

Pixels is a game with the genre open world with the theme of farming, exploration and creation. This game is part of the ecosystem developed by Sky Mavis, the developer of play to earn games popular Axie Infinity.
Image: Appareance game Pixels. Source: Gam3s.gg
This game has two tokens native namely BERRY as a token reward to players and PIXELS tokens as governance rights tokens. PIXELS tokens have not yet been released and will be distributed via the airdrop method at a later date.

Treasure

Treasure is a decentralized gaming ecosystem platform built on the Arbitrum network. Its nativetoken, MAGIC can connect players to all the games available in the Treasure ecosystem. The platform consists of at least 12 games with some popular ones such as Bridgeworld, Realms, and Beacon.
Image: A collection of game in the ecosystem Treasure. Source: Treasure
MAGIC has recorded an increase of around +100% from US$0.488 to US$0.972 over the last year. The ATH price of this token is US$6.92, or around 7 times the price per article written (9/1/24).

Vulcan Forged

Vulcan Forged is a gaming Web3 ecosystem consisting of gaming studios internal and external studio partners, game marketplace, and an incubator program for budding developers. Since 2022, Vulcan Forged has its own blockchain network called Elysium
Image: Homepage Vulcan Forged. Source: Vulcan Forged
Vulcan Forged has a native token called PYR which functions as a governance rights token as well as a medium for interacting on the platform. PYR has experienced an increase of +164% from US$2.66 to US$7.02 in the last year. The ATH price of this token is US$55, or around 8 times the price per article written (9/1/24).