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Trending Dapps – Play-to-Earn Games & Virtual Worlds, DeFi Yield Farming on IoTeX & Hot NFT Collections

Posted by
Ian Kane

Your weekly update to discover new dapps in a variety of categories, including DeFi, NFT and games.

Your weekly update to discover new dapps in a variety of categories, including DeFi yield farms, NFT collections, and play-to-earn games. This week we check out some of the hottest play-to-earn game opportunities. Dive into three leading virtual world platforms as the Metaverse starts to pump. Plus, a look at three exciting NFT drops making waves right now.

The blockchain is full of dapps that are under constant development. At DappRadar we track thousands of them across 20 different blockchains. Every week DappRadar dives into the ecosystem to uncover the dapps that are trending, upcoming, and interesting to discover. No matter whether it’s DeFi on Ethereum, an NFT collection on Wax, or yield farming on Binance Smart Chain, we got you covered.

DeFi & Yeild Farming on IoTeX

The total value locked (TVL) in the IoTeX blockchain has risen considerably of late. Now, since integrating the network into the DappRadar rankings it’s possible to see which dapps are driving that value. Its TVL has grown to more than $9 million across its DeFi dapps. As such, it’s time to dig in and see what’s driving the majority of the value and user activity on IoTeX right now. Additionally, we look at three other DeFi services on other chains performing particularly well right now.

  • Mimo v2, is a new protocol currently fueling decentralized finance (DeFi) on IoTeX
  • ZoomSwap is a cross-chain infrastructure project that builds liquidity for layer-one blockchains, AMMs and partnering projects
  • ioTube is the safe, fast, and secure bridge for exchanging assets between IoTeX and other blockchains
  • An on-chain order book AMM powering DeFi on Solana
  • Faster and cheaper than Ethereum services
  • Automated yield optimizer & liquidity source aggregator
  • Get rebates when you use the AMM
  • Katana allows anyone to easily swap between the various assets within the Axie Infinity ecosystem

Play-to-Earn Games & Virtual Worlds

Games are fun, but blockchain-powered games add a whole new economical layer to the experience. Suddenly you can play a game and make money from it. Not all games have the same type of financial incentives, but every blockchain asset gains value when a community grows.

  • Celestial is a cross chain metaverse game that combines Gamefi, Socialfi, and NFT Swap with the theme of interstellar warfare
  • REVV Racing is the first fully playable racing game on Polygon
  • Utilizing NFTs for a play-to- earn experience
  • Powered by REVV tokens
  • 3D NFT blockchain game
  • Ethereum blockchain based IMT token economy
  • Promising roadmap and future development plans
  • Somnium Space is an Open, Social and Persistent VR
  • Desktop and VR modes available
  • Powered by CUBE tokens
  • Leading virtual world platfrom
  • Desktop access, no VR required
  • Powered my MANA and LAND tokens
  • A decentralized gaming platform made by players
  • Big surge of active users in last 2 weeks
  • Powered by SAND tokens

Hot NFT Collections

CryptoPunks and Art Blocks have become some of the most sought-after NFT collections out there. However, there are plenty of other projects that serve as great collectibles. Here we highlight three NFT projects that are interesting to explore with more drops on the horizen. Did you know you can buy and sell NFTs on DappRadar? Just log in and start using our Portfolio Tracker!

  • A collection of NFTs on Solana
  • Aurorians will be playable characters in the upcoming game
  • Inspired by the award winning television series The Desperate Housewives
  • A collection of 10,000 Desperate ApeWives NFTs
  • A collection of unique pixel art NFTs from the creators of Bitcoin Billionaire, the hit mobile game with over 10 million downloads

Top NFT Shards

Given that NFTs are selling for notable amounts of money the idea of fractionalization is popping up, giving smaller investors a chance to get involved. The technical process of fractionalization, or sharding as it is also known, is quite simple. Take an NFT, lock it into a vault, and receive tokens in return. These tokens then represent ownership over the NFT that has been locked away, and their value increase or decrease means value fluctuations for the NFT asset. Investors can then buy these tokens and own a shard of the NFT. To learn more check out our complete guide to fractionalized NFTs.

  • The infamous Doge NFT has been sharded in 1.1 billion pieces
  • Each DOG token is currently worth $0.0103
  • Etherrock was one of the first Ethereum collectible NFTs
  • Each PEBBLE is currently worth $0.00143
  • A collection of 104, floor priced CryptoPunks
  • Each FLOOR token is currently worth $0.0448

The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in ETH, BTC, NIOX, AGIX, MATIC, MANA, SAFEMOON, SDAO, CAKE, HEX, LINK, GRT, CRO, OMI, GO, SHIBA INU, AND OCEAN.

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