Research Summary
The report discusses the potential growth of Avax gaming subnets in 2024, highlighting five promising projects: Shrapnel, Play Off The Grid, Merit Circle, Pegaxy, and Meta DOS. These projects are expected to leverage blockchain technology to revolutionize the gaming industry.
Key Takeaways
Shrapnel’s Potential
- Strong Financial Backing: Shrapnel, a first-person shooter game, has raised $37.5M from investors such as Polychain, Dragonfly, and FTI Global. The game has a total supply of 3B tokens, with 240M tokens currently circulating.
- Impressive Social Media Presence: Shrapnel has amassed 350K followers on Twitter and about 80K members on Discord, indicating a strong community backing.
Play Off The Grid’s Unique Features
- Advanced Gaming Capabilities: Play Off The Grid, a cyberpunk-themed battle royale game, boasts capabilities for 150 players PvP and a 60hr PvE. The game is set to be available on PS5, Xbox, PC, and Avax.
Merit Circle’s Ambitious Plans
- Revolutionizing Gaming: Merit Circle aims to make blockchain technology a cornerstone of the next generation of games. The DAO has plans to capitalize on its investments of $40M over 2 years and expects 2024 to be a breakthrough year for blockchain gaming.
Pegaxy’s Undervalued Status
- High Potential: Pegaxy, a PVP mecha horse fighting game, is considered undervalued with a market cap of $4M compared to XAI Games’ $22M. The game has strong development team and tier 1 grade VC investors.
Meta DOS’s Gasless Gaming Experience
- Innovative Approach: Meta DOS offers a gasless gaming experience on DOS Chain, built on Avax subnet. The game is a metaverse battle royale game and is incubated by SeedifyFund.
Actionable Insights
- Monitor Shrapnel’s Progress: Given its strong financial backing and impressive social media presence, it would be beneficial to keep an eye on Shrapnel’s development and market performance.
- Assess Play Off The Grid’s Capabilities: The game’s advanced capabilities could potentially revolutionize the gaming industry. It would be worthwhile to assess its impact on the market once it’s launched.
- Track Merit Circle’s Growth: As Merit Circle aims to revolutionize gaming with blockchain technology, tracking its growth and the success of its ambitious plans could provide valuable insights.
- Research Pegaxy’s Potential: Pegaxy’s undervalued status and high potential make it a project worth researching further.
- Explore Meta DOS’s Innovation: Meta DOS’s innovative approach to gaming could have significant implications for the industry. Exploring its gasless gaming experience could provide insights into future trends.
