Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Metaverse Trend in Gamefi projects. What to look for if you missed the trend half a year ago 

CryptocurrencyDec 08, 2021 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Metaverse Trend in Gamefi projects. What to look for if you missed the trend half a year ago 

In the last year we’ve seen projects rise to all time highs in the GameFi sector. Recent trends have carried between NFT and GameFi projects and even major companies like Facebook (NASDAQ:FB) seem to be crossing paths with the latest “metaverse” term trending across twitter. Could we see a metaverse crypto take the lead over the once majority “meme coin” market? It’s the perfect time to dive into some market research and Telegram communities to learn more about the up and coming projects.

As an advocate of crypto and GameFi enthusiast I encourage people to always ask, “what is it you’re selling?” If a cryptocurrency or token can’t answer that question they have no value beneath the hype. This is what makes GameFi so much more powerful, because at the end of the day you have a real digital asset that still provides entertainment and collectability. This is what first attracted me to major projects like Sandbox (SAND) which have recently gone viral with personalities like Snoop Dogg building their own house within the metaverse.

Sifting through the smaller metaverse projects has been a challenge over the last month, but twice now I have run into this Meta Hangry Games. One of my colleagues sent this over and the more I dug into it the more serious of an investment opportunity it seemed to be. The tokenomics are well built, setting aside prize pools and distribution to holders. The high tax prevents the short term bots that we see in many of the new communities. Last of all they are backed by what seems to be a major Chinese investor and a group known as Lbank Labs. So I dug deeper to find out the timeline and details on this already bullish find.

In Q2 of 2022 Meta Hangry Games plans on releasing a play-to-earn function which has been known to spike GameFi projects immensely. They are launching their website, social media, and Telegram ahead of their preseason. Finally they are built from a dedicated development team that has no team wallet set aside outside of the developing budget. Of all the cryptocurrencies I have looked through in the last few weeks, this is the only one that checks every box.

It’s not to say that this is the perfect investment but I would also add that I’ve missed out on more opportunities than I’ve lost in projects that didn’t work out. When crypto has the potential to show you 5x and maybe more returns in a month, why wouldn’t you dive into a few brand new projects? This has driven me to make a substantial amount and per discussion in some of the twitter spaces investing chats, many others feel the same way.

I will definitely be following this project over the next year to track what could be one of the largest successes of 2022. I am told there will be a referral system for telegram invites so new investors are encouraged to bring their friends and family. I support this as well seeing that more than 70% of the groups in our recent poll say word of mouth has been their strongest marketing tool.

Stay tuned for further updates and if you have time please follow on social media and share this article with your friends! If you have any other promising gems feel free to tag or DM me with information and I will have a look at the projects that seem promising. Thanks for stopping by and good luck on your research!

Continue reading on CoinQuora

Metaverse Trend in Gamefi projects. What to look for if you missed the trend half a year ago 
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email