Avax Gaming Subnets Set to Explode in 2024

Jan 22, 2024

Big moves coming to Avax gaming subnets in 2024.

Major partner(s) lined up to supercharge growth in Q1

Here’s my 5 best picks from blue chips to undervalued gems🧵👇

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🔷 Shrapnel 🔷

@playSHRAPNEL is the Call of Duty on-chain

PlaySHRAPNEL is a 1st moddable extraction shooter game built using UE5 and its own Avalanche subnet

Owning thier NFTs gives access to the game as well as its native token, $SHRAP

Play-test is set to launch in Q1.

Soon to launch AAA first-person shooter game on $AVAX, involves players battling for $SHRAP tokens and other items from the project.
Built by the Neon Machine team, experience in building AAA games like Call Of Duty, Star Wars, CSGO, and Westworld.

Strong financial backing, $37.5M raised @polychain, @dragonfly_xyz, and @FTI_Global. The highest round of $20M took place in October 2023.
350K followers on Twitter and about 80K members on Discord
Total supply of 3B tokens, circulating 240M tokens (about 8% of the total supply)
Low selling pressure unlocks until November 2024, then team unlock over 12-48 months.
10,000 NFTs with a total volume of over 2650 $ETH, increasing floor price since launch. Not overly hyped, which is good as the game has not yet launched.

MC is low compared to other AAA games and considering the over $37M raised.
After the 35M $SHRAP airdrop from Bybit, there is some sell pressure but upcoming game release would attract players.

@playoffthegrid built by @GunzillaGames is a cyberpunk-themed battle royale.

Insane capabilities to allow for 150 players PvP and a 60hr PvE

Coming to PS5, Xbox & PC and to @avax

$GUNZ token might be round the corner

They are hinting that users are able to run nodes and gets NFTs.

@MeritCircle_IO $MC is a DAO that aims to revolutionize gaming by making blockchain technology a cornerstone of the next generation of games.

They’ve built @BuildOnBeam and this would have positive effects on $BEAM as the DAO grows.

As the DAO treasury went up $24m and $beam MC went up by 1.2bn.

The ratio of treasury increase to MC increase is 1/50.

So if $MC get to $1bn treasury, which is an $880m increase at a 1/50 ratio.. $BEAM MC may increase by $44bn.

@MeritCircle_IO has these plans for 2024

Belief that 2024 will be the breakthrough year for blockchain gaming, where we see multiple anticipated blockchain game titles after years in development.
Merit Circle focused on capitalizing on its investments of $40M over 2 years.
Beam ecosystem removes blockchain complexity for game developers. 20 games integrated so far, with more deals signed.
Network of partners across gaming and crypto industries, including Polygon, Avalanche etc.

Goal is to capitalize on trends by growing community, Beam ecosystem, and launching anticipated game titles.

Another undervalued gem that caught my eye is @PegaxyOfficial built by @TheMiraiLabs on $AVAX subnet

They are a PVP mecha horse fighting game where you battle against players

$PGX is basically what $XAI @XAI_GAMES want to be

$PGX MC 4M vs $XAI @XAI_GAMES 22M

$PGX potential is 5x more.

They have tier 1 grade VC investors and a strong development team in Vietnam

@MetaDOS gasless gaming experience on @DOS_Chain is build on $AVAX subnet and incubated by @SeedifyFund

.They are a metaverse battle royale game

Building team hails from Vietnam and it seems like many great games are coming out from this part of the world