GameFi analytics helps blockchain players find crypto games

From the massive drop in Bitcoin’s (BTC) price to the collapse of crypto exchange FTX, 2022 was full of upheavals for the blockchain industry. But the blockchain community has always been resilient, finding new ways to evolve in the most challenging times.

A striking example of optimism and growth is the development of the GameFi industry, which combines gaming, decentralized finance (DeFi), nonfungible tokens (NFT) and the metaverse.

In 2021, GameFi became a growth leader in the crypto space, with successful projects such as Gala Games, Decentraland, The Sandbox and Axie Infinity.

The GameFi sector has continued to develop, attracting more and more investment. In 2022, the volume of venture investments in Web3 games and the metaverse amounted to 7.6 billion dollars. Some analysts predict a $2.8 billion valuation for the GameFi sector by 2028.

However, a sudden influx of investors into this growing sector has also resulted in many low-quality games suffering from poor in-game finances, as well as monotonous and underdeveloped gameplay.

How can a player looking for a good project find the right one? Cointelegraph has found several GameFi analysis resources to help potential players weigh the pros and cons of each platform.

DappRadar

DappRadar is one of the most popular decentralized application (DApp) analytics services. Founded in 2018, it provides statistics on DeFi, GameFi and NFTs. The platform has data for over 2,000 NFT games.

Benefits

One of the most popular features of DappRadar is located in the “rankings” tab, which allows users to rank multiple DApps related to GameFi, DeFi projects, gambling, exchanges, NFT collections, marketplaces, social networks, and various blockchains. DApps are ranked according to criteria such as the number of unique active wallets (UAW), number of transactions, transaction volume and the total balance of funds in the smart contract.

The page for an individual project contains the assessment, tags and links to social networks, as well as the description. In the middle of the page, standard indicators (UAW, number of transactions, volume, balance) are displayed in addition to a graph of changes for different periods.

General statistics about DApps can be obtained in the “Industry overview” tab after selecting the period, category and protocol. DappRadar also periodically publishes analytical notes, which are placed in the “Reports” and “Blog” sections.

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There are two additional options for NFTs. First is the NFT Explorer, where users can sort not only the general list of collections, but also the NFTs of an individual collection and even a general gallery of NFTs from different collections. The page for an individual NFT shows the name, owner, minimum price, last sale price, blockchain, NFT metadata and trade history. Another option is the NFT Value Estimator, which shows the expected price of an NFT based on current and past price performance.

For game developers, DappRadar has a “Developers” section where game founders can promote a new product through advertising campaigns and other marketing techniques.

Cons

The amount of information provided for each project can prove difficult to navigate for newcomers who may only want basic information about a project.

Another disadvantage of the platform is that for a long time the selection of NFT games was limited to those on the Ethereum blockchain, while projects on other blockchains were not taken into account.

The situation improved this year when the number of monitored blockchains increased from three to 48. Substantial funds have also been allocated for the development of new technical solutions.

Dapp.com

Dapp.com is the world’s largest DApp distribution platform. Dapp.com lists over 8000 DApps built on more than 20 blockchains such as Ethereum, EOS, TRON, Steem, TomoChain, IOST, Stacks and others. The platform showcases DApps based on data analysis, community feedback and user comments.

Benefits

The platform has a built-in wallet called DappStoreWallet so users can easily access and use DApps linked to various blockchains.

The ecosystem of the project is powered by Dapp Token (DAPPT). Token holders can participate in voting on the platform, launch projects on the platform through staking and more.

The platform has a “Market Report” section where users can view quarterly reports in various areas, including gaming.

The advantages of the platform include a simple interface and navigation, where users can see game ratings according to various criteria – for example, by increasing or decreasing the prices of tokens, by user reviews or by risk level.

Users of the platform can not only see the ratings of NFT projects themselves, but also read general news about NFT projects.

Cons

For an inexperienced user, it is almost impossible to find the quarterly analytical reports section. The link to the page with reports is at the very bottom of the page and represented in small text.

At the same time, the reports themselves have clearly stopped for a couple of years, with the last one appearing for Q2 of 2020. At the same time, the quality and depth of the analyzes are almost on par with DappRadar.

The project listings are not informative and contain only a short description of the project in a couple of sentences without the current price of the token or the number of active users. Such information must be seen in the overall assessment of projects, which is inconvenient. The majority of the page for each project is devoted to user comments, which are very important, but it seems that Dapp.com is primarily aimed at creating a community and not providing analysis.

CryptoSlam

CryptoSlam is an NFT market data aggregator. The platform can be used to analyze trading volumes in the NFT market, identify the most popular collections of digital assets and track release dates for new tokens.

The CryptoSlam team has posted various information about the projects on the pages of the collections and the individual NFTs themselves. The project description has a section on online sales statistics, which the system updates as owners change. The platform can also be used to collect data on NFTs of interest.

Benefits

The main function of the platform is real-time data showing movement in the NFT industry. Selected data includes the volume of sales of NFT tokens, the number of token holders, which blockchain an NFT resides on, and the number of holders.

It is convenient that users can sort NFT projects in several tables on one website according to various parameters such as sales volume within a certain game, or according to the price of tokens.

A unique feature of the platform is its direct sales section, where one can see which user sold an NFT token and at what price, including from which address and to which address. This parameter is continuously updated automatically.

This platform is a very convenient service for continuous tracking of the work of an NFT project, where real transactions can be tracked.

Another plus of the platform is that it evolves. In January 2023, the Forkast.News company and CryptoSlam joined forces to create the Forkast Labs project. The product can offer users a new media analysis platform for the digital economy. According to the team, the decision to create Forkast Labs was made due to the lack of a standard methodology for determining the true value of digital assets, which is mainly measured by the current prices of cryptocurrencies. The time for the launch of the project is still unknown.

Cons

A disadvantage is that the platform has no analytical reports. The service only allows monitoring of NFT projects, albeit in real time, but does not evaluate activities for a specific period. Maybe this bug will be fixed after the launch of the Forkast Labs project.

Another disadvantage is the inability to separate NFT projects by industry – for example gaming, gambling or finance. If the user only wants to see NFT game projects and assign them to a separate slot machine or table, they will not be able to do this since the service does not have such a function.

Just like Dapp.com, this platform contains a lack of detailed information about projects, such as creators, at what stage of development the project is, news about collaborations, etc.

Conclusion

The main reason for using NFT analysis tools is to help limit the amount of fraud in the major marketplaces. Investing in NFTs can be time consuming, somewhat risky and almost impossible unless users spend hours on social media platforms and NFT trading platforms looking through the countless NFTs available.

As can be seen from the description of the most popular analysis platforms, there is no perfect one that contains all the relevant information in one place, but such projects are critical for crypto enthusiasts.

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Sebastien Borget, president of the Blockchain Game Alliance, told Cointelegraph that he believes analytics platforms should pay more attention not only to numbers, but to players and users:

“NFT game analytics platforms should expand beyond just the on-chain transaction data to reflect what’s happening in a game or how popular it actually is, and work to expand to all the activities the games have to offer players – to show that the games are first. and primarily fun entertainment products where people spend time, and transactions are not the only game in them.”