Axie Infinity is likened to UFO Gaming, the new star of the crypto world

Blockchain gaming is spreading like wildfire and the world has already seen proof with Axie Infinity. Pioneering the industry, they were one of the first to aim high and succeed, however, pioneers are rarely alone. As UFO Gaming gains more momentum, the comparisons to Axie Infinity are evidently manifesting themselves and for good reasons–read on to find out all you need to know.

Axie Infinity Likened to UFO

The Comparison

Axie Infinity was the first to disrupt the gamify sector, and UFO Gaming is aiming to do the same. Disrupting an entire industry is an incredibly ambitious, and unsurprisingly challenging task, but taking the lead and becoming the trailblazing project of the sector is even harder. UFO Gaming made headlines exactly for this reason: it not only introduced unmatched technology and features, but also joined Axie Infinity at the forefront of blockchain gaming soon after its launch. Taking the crypto world by storm, UFO Gaming combines cutting-edge innovation with vividly popular games and constant development, so it should come as no surprise that many argue it's set to match, and eventually exceed Axie Infinity.

Since UFO gaming's launch back in Q3 of 2021, it naturally must play catchup in terms of market presence due to its late entry into the segment, however, that doesn't mean there's any indication it will remain that way. UFO's exponential growth over the past 6 months has given experts all indications that it will start competing with Axie in terms of both segment popularity and market cap, the latter of which means a 1,300% growth as of January 2022 .

A Rapidly Growing Industry

Needless to say, gaming is one of the most significant and fast emerging segments of the global tech sector and it's created the perfect environment for the early adoption and blitz scaling of revolutionary concepts.

Integration of games onto the blockchain is one such concept, and decentralized blockchain gaming is now becoming a proven leader in terms of growth pace and future potential, both of which are mostly driven by a couple of top players in the industry. Industry leaders typically manifest their dominance over traditional gaming with three outstanding trademarks: a customer-first approach, exponential expansion, and supreme features. With that in mind, the similarities start showing themselves between Axie Inifinity and UFO Gaming, and the latter seems to be the next potential hit of the crypto world, considering its recent partnerships and unprecedented price development. In any case, by looking at these two pathfinders of blockchain gaming, it's safe to assume that the future of the industry lies in safe hands.

Final Thoughts

Both Axie Infinity and UFO Gaming have demonstrated their power of concentrated scaling and became the leaders of decentralized Play-to-Earn (P2E) platforms. Even though both deserve a huge shoutout, one of them unquestionably comes in first place - UFO Gaming not only managed to almost instantly step up to the leaderboard of its industry but also succeeded in gaining the trust and loyalty of multiple hundred-thousands of satisfied players in the meantime. A solid base combined with progressive ambition to take blockchain applications mainstream undoubtedly make UFO Gaming an evident competitor to Axie Infinity.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/axie-infinity-is-likened-to-ufo-gaming-the-new-star-of-the-crypto-world-301461323.html

SOURCE Axie Infinity; UFO Gaming

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
NorthStar Gaming Launches Spring Tournament Series with Up To $100,000 Prize Pool on Slots, Parlay and Blackjack Tournaments

NorthStar Gaming Launches Spring Tournament Series with Up To $100,000 Prize Pool on Slots, Parlay and Blackjack Tournaments

Innovative new events position the Company as the destination for tournaments and prize pools

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") is once again raising the stakes and offering a total prize pool of up to $100,000 to be won.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced that it has issued a $3.5 million unsecured, interest-bearing promissory note dated as of December 16, 2024 (the "Note") to Playtech plc. The Note shall bear interest of 8% per annum, payable in arrears at maturity. Unless otherwise accelerated pursuant to its terms, the Note will become immediately due and payable on the earlier of (i) April 25, 2025; and (ii) the date on which the Company or any of its subsidiaries completes additional financing transactions with aggregate gross proceeds of at least $10 million, subject to certain exceptions. Proceeds from the Note will be used to fund the Company's continued growth and for general corporate purposes.

Keep reading...Show less
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Holdings


Keep reading...Show less
Person holding phone that says "GameStop" in front of stock trading charts.

GameStop Frenzy Cools, E*Trade Considers Roaring Kitty Ban

GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3).

The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill.

Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$175 million position in GameStop shares and call options.

Keep reading...Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less

Latest Press Releases

Related News

×