Decentralized Apps Besides Finance (DeFi) and Collectibles

Everyone knows a handful of decentralized finance (DeFi) applications, including Uniswap and Pancakeswap DEX exchanges, Compound and Aave lending platforms, or yield aggregators like Yearn Finance. However, not many people know that there is growing activity in other decentralized segments such as social networks, gambling, sports betting, and games.

How to Access Decentralized Services?

Even though the backend of those applications runs on a blockchain, there needs to be a front-end. It usually consists of a website or a regular mobile app to communicate with the user. The most popular wallet for accessing decentralized services is MetaMask, available as a browser extension or standalone for mobile iOS and Android.

Although MetaMask functions as a regular crypto wallet, its effective strength is the seamless interaction with smart contracts and decentralized apps (dApps). So, make sure to back up your seed words and preferably use a metal wallet to write it down.

What is There Besides Regular Cryptos and Tokens?

Metamask can handle standard Ethereum ERC-20 tokens and even Binance Chain BEP-20, but what really makes non-financial dApps interesting is the non-fungible tokens, such as the ERC-721. That’s how games can store your avatar name, skins, accumulated points, or weapons.

There are even social networks being built using a decentralized backbone. Besides, for those worried about the front-end relying on centralized DNS servers, the MetaMask mobile app offers an integrated Web 3.0 browser.

Are You a Fan of Sports Betting?

Sportbet.one offers standard bets that can be accessed using an EOS wallet. No KYC, e-mail, or passwords. Every action is visible in the smart contract, and the dApp offers bets on multiple sports, including live ones.

Furthermore, the payouts are instant, transparent, and settled by the EOS smart contract. However, the platform also accepts credit cards, PayPal, and Venmo deposits if you prefer these options instead.

crypto Sports Betting

Currently, most platforms are not fully decentralized, although some are implementing oracles to match results and stats. This is undoubtedly an area greatly benefited by blockchain and cryptocurrencies as traditional payment gateways usually censor or limit such transactions.

Animated Creatures for Multiplayer Battles

Axie Infinity is a trading and battling game where players can collect, breed, battle, and even trade some fun and nice-looking animated digital creatures. “Axies”, as they’re known, are NFTs, and they can be bought using AXS tokens, which serve both for governance and staking.

Axie Infinity

With a 30-day volume getting close to $200 million, the game became a vast NFT marketplace. It generated multi-million-dollar revenue from “Axie” and land sales, besides fees from breeding and trading.

Why Not Shoot for the Stars?

Crypto Space Commander is a multiplayer online combat game that utilizes the Ethereum blockchain to store digital assets and enforce peer-to-peer trustless contract actions. As spaceship commander, you’ll undertake missions, discover resources, and acquire new skills. The objective? Dominate the galactic frontier.

Crypto Space Commander

Although the game development had been slow, the control has been recently acquired by the well-funded Animoca Brands, a venture capital with vast mobile games experience.

CryptoPunks Put to Good Use

CryptoPunks is definitively among the most widely recognizable NFT projects. The collection of pixelated avatars became a sensation among digital asset collectors. However, PUNKS Comic is the most exciting use of the CryptoPunks characters from a technical and artistic perspective.

The PUNKS Comic first issue, “The Hunt for the Lost Robbies,” is a full-color 24-page comic drawn by Marvel and DC comics artist Chris Wahl. Buyers of this NFT can stake their comic for fractional ownership in the collection of the 16 CryptoPunks.

Ah! You also get a physical copy of the comic. How awesome is that?

Leave a Reply

Your email address will not be published.

Related Articles
Read More

Guild Of Guardians – A New Blockchain Game Going To ICO

With the recent push to the metaverse, these blockchain games and experiences have gained traction, as major corporations such as Microsoft and Facebook (now known as Meta) have also placed their bets on the concept. Play-to-EarnHowever, Guild of Guardians is not a newcomer to this...
Read More

GameStop Announces A Native NFT Marketplace

GameStop partnered with Immutable X to launch not only a marketplace, but a special fund for game developers. The marketplace is expected to go live later this year, marking the company’s entry into Web3 technologies. GameStop recently unveiled plans to launch a native marketplace for...
Read More

Interoperability Across The Metaverse With GuildFI

It also bridges traditional gaming experiences–like online multiplayer games or trading card games–with new digital assets and industries such as crypto exchanges and decentralized applications (dapps) in the growing metaverse. The concept of creating guilds in the crypto space was born out of play to...
Total
0
Share