CryptoLenz | Undervalued Crypto Gamefi projects for 2024 - Unlocking Potential Opportunities
Submit a Request

Undervalued Crypto Gamefi projects for 2024 - Unlocking Potential Opportunities

Published On
09 Feb 2024 15:09

In the ever-evolving world of cryptocurrency, Gamefi has become a major marketing tactic to attract users and boost the market visibility of cryptocurrencies worldwide. Gamefi is the short form of Gaming Finance - a market segment that combines online gaming with decentralized Finance. It integrates Blockchain Technology and Cryptocurrencies into the gaming ecosystem to create an interest in particular Blockchains and Cryptocurrencies.

The key factor of the Gamefi ecosystem is Play to Earn known as the P2E concept which rewards gamers with in-game cryptocurrencies and NFTs for their time and effort in Gamefi projects.

There are many Gamefi projects are there but some are undervalued. Undervalued Gamefi projects are the ones that are listed and under $50M market with high potential, strong teams, and a sustainable economy. we have found 5 undervalued Gamefi Projects with good market potential in our research and we listed out them in this guide in a detailed way.

1. Aurory: 


Project Summary:

Aurory is a gaming studio delivering immersive, free-to-play Web3 games and experiences. They were founded in early 2021 and currently have over 70 employees,  many of whom were former talents at reputable game studios such as Ubisoft, Gameloft, EA, Warner Bros., Rovio, and more. 

Aurory has raised $106M in its public sales, making it the largest IDO on Solana. They are building in the open towards a vision of a robust ecosystem of multiple games, mini-games, and dApps. Each of these experiences, which are all based on original lore, will utilize interoperable assets, meaning that players can use them across the entire platform.

At the moment, Seekers of Tokane and Aurory Tactics are Aurory live games. Additional products and experiences are in the pipeline as well, namely a remastered version of Aurorians on Expeditions, which is a gamified idle experience in which players can send their Aurorians on virtual quests to retrieve useful items or have a limited-time opportunity to complete certain objectives.

SyncSpace is another product that Is built by Aurory. It is a hybrid on-chain/off-chain inventory system. The main purpose of the system will be to minimize friction for users by limiting the number of blockchain interactions when interacting with our ecosystem, and it will also allow for cross-chain interoperability.

Aurory Tactics:


Aurory Tactics is a PvP, timeline-based battle arena in which your team of three Nefties fights against an opponent’s team. The goal is to be the first to knock out all of your opponent's Nefties.

Competition is fierce, so you'll want to find the right team composition that works for your playstyle and study their abilities to hold your own in the arena! Matches are played on a battle grid containing scattered obstacles that impact mobility.

Some Nefties will be able to jump or fly over these obstacles; others will have to go around them. There is also a battle-royale-style "danger zone" to encourage confrontation between opponents. After a while, cells on the sides will become dangerous to Nefties, dealing serious damage to those who end a turn on one. The effect will progressively spread to other cells!

Seekers of Tokane:


A cartoon of a child pointing at a purple animal

Description automatically generated


Seekers of Tokane is an immersive RPG in which you embark on a thrilling journey through diverse landscapes, each brimming with wondrous creatures known as Nefties. These magical beings are yours to collect, train, and trade as you navigate and battle your way through the universe of Aurory.

Your adventure will start in the village of Blanche. Here, you'll give your character a cool look thanks to numerous customization options.

The game will feature multiple villages, which are communal places where players can meet and socialize. Each village will host events and tournaments where the best players can earn exclusive rewards.

This is a game that combines exploration and battles, as well as encounters with other players and strategy, for a well-rounded, rewarding, and captivating gaming experience that taps into players' desires for progression, collection, and social interaction.

Aurory's Tokenomics:
    • Ticker : $AURY
    • Market Cap: $49,916,727 
    • Fully Diluted Valuation: $98,307,431
    • Circulating Supply: 50,076,148 
    • Total Supply: 100,000,000

A screenshot of a computer

Description automatically generated


Aurory Use Cases:
    • The Aurory marketplace is $AURY-driven, which means all trades are settled with $AURY.

    • Players can hatch Prime eggs by paying an $AURY fee to get new Neftie companions.

    • Art upgrade fees and land sales will be based in $AURY.

    • Buying Crystals with $AURY gives players a discount.

    • Additional use cases will go live over time.

What we like in Aurory:
    • They launched in the peak bull market of the last cycle and raised over $100M, which means they have plenty of funds and runway to develop their games. Aurory’s team has over 70 members with varying levels of experience across the blockchain and gaming industries, which is crucial to us because building original games, in general, is not easy and takes a lot of resources.

    • The vesting for seed investors is done, and 50% of the Team & Advisors allocation is vested. The rest that is still vesting is just Game Rewards and the Ecosystem Fund.

    • Aurory is a GameFi company. So, we invest in the company's token here; they are building many games, and the more games you have, the better the chances of success.

    • Good use cases for the token.

    • The team’s main focus is Sustainability (which many GameFI projects failed to do and got hyperinflation to the point the project is dead). “Play-And-Own” is Aurory’s ethos, it means that people don't come to earn a salary; they play games because the games are good, and as a bonus, they will own their assets, be they consumables, skins, $AURY, NFTs, etc.

    • Free-to-Play: Players do not need to invest or make any purchases to play Aurory games. This eliminates a common entry barrier and widespread adoption.

    • Play Without A Wallet: Players do not need a crypto wallet to try Aurory games. They can connect a Twitter, Discord, Facebook, or Google account.

Project Links:     Website | Twitter  | Discord |Coingecko

2. Voxies:


Voxel NFT game


Project Summary:

Voxie Tactics is a retro-styled tactical RPG that is heavily influenced and inspired by the vein of classical 1990s and early 2000s tactics games, but with some modern twists sprinkled in and some updated gameplay mechanics to make the game feel both nostalgic and modern at the same time.

Voxie Tactics is a Free to Play game, but the game allows players to bring their own Voxies character that they own from the Voxies NFT project across into the game, for additional benefits to the gameplay, as well as customize the playable experience tailored to the Voxie characters that the player owns.

The game features 2 core gameplay modes - Exploration and Battling, as well as lots of ancillary RPG gameplay mechanics that you would expect from any Role-Playing Game.


The exploration mode is presented as a story-driven experience that will allow the players to freely explore the world of Voxie Tactics and encounter many different types of adventuring experiences as they uncover the backstory of the game and explore the vibrant world. 


The battling aspect of the game will take place in specific battle arenas and will be turn-based with characters moving around a 3d tile-based map and using their multitude of different actions to try and satisfy certain battle conditions, such as defeating all enemies in a battle.

The battle gameplay will be "Easy to get into, but hard to master" as it represents an ever-growing challenge to your wits, but will be explained to the player progressively so as not to overwhelm new players during the beginning of the game.

The team behind Voxies are AlwaysGeeky Games. They have over 20 members with 15+ years of games development experience and they have worked at worldwide studios like EA Games and Ubisoft. They have contributed to major AAA game projects like the Assassin’s Creed franchise, the Farcry franchise and the Harry Potter games. They have also been involved in the indie gaming community for several years, have taken part in countless game jams, and generally spend working days making great games.

Voxies’s tokenomics:
    • Ticker: $VOXEL
    • Market Cap: $23,980,243 
    • Fully Diluted Valuation: $59,921,692
    • Circulating Supply: 120,057,907 
    • Total Supply: 300,000,000

voxies token allocation

A graph showing a number of different colored lines

Description automatically generated with medium confidence


VOXEL Tokens can be earned by playing the Voxie Tactics game in various game modes. VOXEL Token holders will be able to redeem their VOXEL Tokens for in-game items in the Voxie Tactics marketplace (weapons, armour, consumables, etc.). Holders will also be able to craft items using their tokens and consumable items, as well as use the VOXEL Token to pay entry fees to the Voxie Tactics PvP arenas.

What do we like in Voxies?
    • Team vesting is 2/3 complete, and advisor vesting is finished. Private sale vesting is at 1/3, but private sales only have a 3% allocation, which is small in our opinion.

    • They are invested in by Binance Labs and were introduced on Binance Launchpad, which usually shows really good performance in the long term.

    • It is a free-to-play game, and players will be able to earn VOXEL tokens. However, to boost earnings and progress faster in the game, players will need Voxies' NFTs.

    • The game is addictive to play if you enjoy competition and has the potential to attract people with Minecraft's graphic style.

Project Links:   Website |Twitter |Discord | Coingecko

3. League of Kingdoms:


Project Summary:

League of Kingdoms is a blockchain MMO strategy game. Gamers build kingdoms, farm resources, fight monsters (PvE), and compete with enemy kingdoms (PvP) or alliances (MMO) where all the land plots are non-fungible tokens (NFT) along with tokenizable resources, skins, and many other game assets. Currently, the free-to-play strategy game is available on mobile (Android, iOS), as well as on the PC.

All the lands in the game are non-fungible tokens and can be owned by users. Not only gamers can own these Lands, but also gather resources on the Lands and mint them into NFTs to trade. All these tokenized assets are transparently and trustlessly transacted and traded across the blockchain, without intermediaries. 

A screenshot of a video game

Description automatically generated

Players do not require any prior experience or knowledge of cryptocurrencies to play the game and do not need to own Land NFTs to farm resources that can be tokenized into NFTs. With the adoption of the LOKA token, League of Kingdoms is enjoying greater player adoption, inclusion, and activation as players can effectively own, propose, vote and earn on the game platform.

League of Kingdoms has raised a $3M token round led by crypto venture capital (VC) firm Hashed, which was joined by Andreessen Horowitz (a16z Crypto), Binance Labs, Sequoia Capital India, BlockTower Capital, and strategic investors like Sky Vision Capital, Yield Guild Games (YGG), and Korean blockchain ecosystem builder, DeSpread.

The League of Kingdoms game platform and its technical infrastructure for the League of Kingdoms Arena token are developed by the NOD Games team, a pioneering blockchain game studio that has a proven track record of building and shipping quality games and infrastructures. The NOD Games core team has its headquarters located in Seoul, South Korea.

League of Kingdoms tokenomics:
    • Ticker: $LOKA
    • Market Cap: $27,474,672 
    • Fully Diluted Valuation: $48,043,562
    • Circulating Supply: 114,916,312 
    • Total Supply: 200,698,307

A colorful pie chart with white text

Description automatically generated

A graph of different colored lines

Description automatically generated

LOKA’s utilities:
    • LOKA token holders can propose and vote on network governance decisions.

    • Users can use LOKA tokens to make payments and purchase in-game items.

    • Users can potentially earn LOKA tokens as rewards by winning in-game competitions.

    • Users can use LOKA tokens to mint and upgrade NFT assets.

    • Users can stake LOKA tokens to earn LOKA rewards, as well as other special NFT assets.

    • Get access to exclusive assets such as special limited NFTs

    • Breed Drago NFT and upgrade other NFTs to be potentially made available 

    • Purchase assets from the game shop at a discount

    • Many other perks and benefits are to be added in the future...

What we like in League of Kingdoms:
    • Private sales vesting is done, the team and advisors are vested 75%
    • They have top-tier backers with a16z, Sequoia, and Binance Labs. They also were on Binance Launchpad
    • RTS game has the potential to attract huge player bases and also really competitive which could boost the buying pressure of $LOKA
    • The game is well built, addictive to play and achieves the quality level of traditional games. The team are adding more features to it such as the E-sports dashboard, and the GameFi dashboard and they are planning to move to layer 2.
Project Links: Website | Twitter|Discord |Medium |Coingecko



Project Summary:

SIPHER is a multiplayer looter shooter ARPG, set in a dream-like universe of alien worlds, vibrant characters, and dangerous mysteries. Players take the role of either INUs or NEKOs in an attempt to save the virtual universe created by a god-like artificial intelligence, where the future of humanity has been reborn and must fight to explore and protect their new home.

In the Sipher metaverse, players will find themselves in control of digital organisms resulting from a combination of CRISPR-genome extraction and ethereal elements: Siphers.

These meta-digital beings operate as the player’s avatar in the meta-universe. Siphers are limited NFT game characters built as ERC-1155. More than just avatars, they are the medium by which players can interact with the Sipheria metaverse to play games, socialize, and trade with other players. Siphers can also be customized via outfits and accessories designed by artists and more.

Sipherian Odyssey lets players buy, trade, acquire, and sell commodities and items as a core element of its gameplay. Each of Sipheria's multiple worlds has a unique distribution of limited resources, all of which can be gathered and utilized in deep crafting systems.

You can consume resources you've gathered or bought from other players to craft equipment and sell the items you create to grow your fortune, allowing players to drive the state of the in-game economy.

    • Battle to Earn
    • Tournaments
    • Craft to Earn
    • Build Community to Earn
Sipher’s tokenomics:
    • Ticker: $SIPHER
    • Market Cap: $46,685,307 
    • Fully Diluted Valuation: $56,573,019
    • Circulating Supply: 94,356,648 
    • Total Supply: 1,000,000,000

A colorful circle with numbers and a logo on it

Description automatically generated


A chart with blue and purple lines

Description automatically generated

$SIPHER is the governance token of Sipher. $SIPHER is required for the cloning creation of new characters, the marketplace transaction fees for in-game items, and the purchase of special items from the Sipher Laboratory. $SIPHER can be used for staking for Sipher Vault Governance and earn staking rewards, incentivizing all participants who contribute to the Sipher Universe.

$ATHER is the secondary token of SIPHER, it is one of the needed resources used to power all the in-game creation and progression activities such as crafting, levelling up characters and equipment, unlocking new skills, and constructing buildings on top of in-game land.

$ATHER will be minted and rewarded to players every day for their participation via PvP & PvE and other activities. $ATHER will be burned as required by in-game activities. The amount of $ATHER a player can accrue over time daily is determined by a combination of the difficulties of the levels, character levels, temporary buffs, and land that the player currently possesses in-game.

A screenshot of a video game

Description automatically generated

What we like in SIPHER:
    • They have raised over $57M and are backed by tier 1 funds such as Arrington Capital, Hashed and Konvoy Ventures, Dragonfly Capital, CMT Digital, BitKraft Ventures, and Delphi Digital.
    • The full Fully Diluted Valuation is problematic as they are currently only vesting 1/10 of the total supply. But the Team, Seed Sales, and Private Sales are vested about 50%. The major portion that is still waiting to vest are just Rewards and Reverse
    • The game is high quality, ARPG style which is easy for adaptation. According to our research, the alpha game got positive reviews from players.
Project Links: Website | Twitter | Discord | Medium |Coingecko


A video game screen capture

Description automatically generated

Project Summary:

SIDUS HEROES is a pioneering, Web3, space-based gaming metaverse with epic lore, tradable tokens and valuable resources. Your Hero’s progress is saved across multiple games that fall under one interplanetary ecosystem and a groundbreaking, profit-sharing Module System. This unique strategy takes community engagement, in-game enhancements and endless possibilities for shaping players’ destinies and fortunes to another level!

  • Nidum: Nidum Arena Battler is a turn-based arena game within the SIDUS Metaverse, accessible via WebGL browsers. Immerse yourself in a world where three warlike races collide in high-intensity arenas. Equip your heroes with weaponry, gadgets and armour for unparalleled power. The game is built on a Layer 2 solution and incorporates the Module Economy concept.
  • Xenna: Xenna is a fusion of real-time strategy and Battle Royale mechanics inside the SIDUS HEROES Metaverse. It is a pioneering, Web3-based, gaming ecosystem featuring epic lore, tradable tokens and valuable resources. Play as a robot operator in a 10-player match, capture towers, deploy robots and weather the final storm for coveted rewards.
  • Tembazar: Tembazar is the SIDUS Metaverse’s adrenaline-pumping, browser-based, 3rd-person shooter. Dive into dynamic gameplay as you explore captivating locales on the tumultuous Temb Azar planet. Use advanced weaponry and technology to secure valuable resources. Customize your cyborgs with a variety of build components, adjust your strategy and defeat your enemies!
  • Asterally: Asterally is a hybrid-casual game within the SIDUS HEROES Metaverse, designed specifically for Telegram users. You must pilot a spaceship, dodging asteroids while collecting coins. Enhanced visuals and dynamic lighting enhance the experience. The objective is to outmanoeuvre competitors, gathering ammo and rewards to outlast them.
Sidus’s Tokenomics:
    • Ticker: $SIDUS
    • Market Cap $47,913,666 
    • Fully Diluted Valuation: $140,130,000
    • Circulating Supply: 10,193,847,039 
    • Max Supply: 30,000,000,000

A chart with numbers and a diagram

Description automatically generated with medium confidence


    • Ticker: SENATE
    • Market Cap: $15,100,031 
    • Fully Diluted Valuation: $41,610,000
    • Circulating Supply: 108,846,574 
    • Max Supply: 300,000,000

A pie chart with numbers and text

Description automatically generated

Sidus Utilities:
    • Sidus is the utility token of the Sidus ecosystem and is used in a larger number of processes inside the game.
    • The labor market
    • Transaction fees
    • Upgrades
    • Infrastructure construction
    • Marketplace Operations
    • Replication
    • Wrapping NFTs
    • Resources exchanges
    • Other in-game functions

$SENATE is the governance token of the SIDUS ecosystem. This token can be used for a political system inside the game (eg. presidential or senate elections), real estate processes, spaceship construction, and voting processes. The voting system uses third-party solutions or specially designed contracts.

Deflation Mechanism:

Each month the SIDUS HEROES team burns tokens from module investments and profits from in-game purchases. The total supply gets smaller, while new players joining the game increase demand. All this supports the token value, which increases the value of user stashes

What we like in Sidus:
  • They have a huge gaming ecosystem with 4 games and more are coming. All of their games are high quality and complicated mechanics which could attract long-term players
  • The tokens have many use cases which could boost the price of the token if there is adoption.
  • They have raised over 30M from various funds, some of the big names such as Animoca Brands, Merit Circle, Polygon Ventures, OKEX Ventures
  • All tokens from private sales and advisors are fully unlocked. The only allocations that are still vesting are Game Rewards and Team.
Project Links: Website | Twitter | Discord | Medium |Coingecko

Leave a Comment