Globally decentralized gaming platform UFO Gaming has a $1 billion market cap. Experts predict the gaming company’s success to rival Axie Infinity.
Despite their recent decline, UFO Gaming ($UFO) tokens have gained over 150 percent in two weeks. Since its launch in July, UFO’s value has increased by over 15,000 percent, from $0.00000035 to $0.000054. This is a big win for a token that only launched this year and has yet to release its first game, Super Galactic, in Q4 2021.
UFO Gaming Is Experiencing Rapid Growth
UFO Gaming’s team has quickly established itself as a serious player in the GameFi space. They recently announced their sponsorship of ChainLink’s prestigious Fall 2021 Hackathon, joining industry heavyweights such as GoogleCloud, EY, and FileCoin.
Additionally, the gaming company recently made headlines for hosting the first-ever P2E E-Sports tournament, which featured Twitch streamers Apryze and Nokokopuffs and featured a sizable $10k cash pool.
The Gaming Industry’s Future
After achieving one of their year’s main goals, UFO Gaming set their sights on something bigger and better. With a few high-profile partnerships already under their belt, the team is looking for AAA studios to develop highly playable games and its Dark Metaverse.
Gameplay in Super Galactic is RPG-like, with players generating in-game assets like skins and weapons for quests. Gamers can also buy Virtual Land, which can be staked to earn rewards from the game’s revenue.
Many unknowns (Super Galactic, Metaverse, NFTs, and Tournaments) have drew the attention of industry veterans and P2E gaming enthusiasts alike. If past performance is any indication, UFO Gaming will be a company to watch in the coming year.
UFO is now the 107th largest cryptocurrency by market capitalization, with a market cap of more than $1 billion.
Concerning UFO Gaming
UFO Gaming is a self-contained gaming company focused on the development of blockchain-based games within an ever-expanding ecosystem. Within the Dark Metaverse, players form their own clans, acquire and trade virtual land, and earn NFTs and cryptocurrency.
Through peer-to-peer (P2P) gaming, UFO Gaming hopes to bridge the gap between blockchain and traditional mobile and PC games. Also, the Dark Metaverse is a closed loop ecosystem made up of P2E games with breedable in-game NFTs. By utilizing the decentralized mechanics of blockchain, UFO Gaming creates a new paradigm in the gaming industry.