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Choosing one of the best cryptocurrencies to invest in today can potentially yield returns of 10 times or more, while subpar projects may struggle, particularly during crypto’s volatile downturns.
We’ve curated a selection of 10 cryptocurrency gaming coins with the greatest potential, aiming to assist you in making well-informed investment choices. By evaluating these market leaders alongside the latest projects, you can pinpoint the 10 most promising gaming tokens for current investment.
Best Crypto Coins for Gaming
- Decentraland. MANA token is the in-game currency of Decentraland and also serves as the platform’s cryptocurrency. MANA is an ERC-20 token that lets users purchase or trade LAND and pay for goods and services in the virtual world
- The Sandbox. SAND serves as the utility token within The Sandbox’s versatile ecosystem. It facilitates the creation of ASSET tokens, enables transactions for the purchase and sale of ASSETS on the marketplace, plays a role in LAND-related transactions, and allows for interaction within user-generated experiences.
- Flow. The FLOW coin plays a central role in enhancing the operational efficiency of the Flow crypto platform and its extensive ecosystem. It’s utilized to cover the costs of services offered within decentralized applications (dApps) on the network and to facilitate the utilization, deployment, and development of smart contracts for applications built on the Flow platform.
- Illuvium. LV, as an ERC-20 token, is the driving force behind the Illuvium game. Within the Illuvium universe, players find themselves within a 3D open world, where they embark on adventures to capture deity-like creatures known as Illuvials.
- Axie Infinity. AXS, an Ethereum-based token, serves as the lifeblood of Axie Infinity, a blockchain-centric game that empowers players to engage in battles, gather unique creatures, and construct a digital realm for their virtual pets. Holders of AXS tokens can unlock rewards by staking their tokens, participating in gameplay, and taking part in significant governance decisions.
- Merit Circle. Merit Circle is a decentralized autonomous organization (DAO) with a primary focus on optimizing returns in play-to-earn (P2E) games and the metaverse. This DAO effectively oversees the distribution of capital among managers and players, who work collaboratively to earn cryptocurrency assets through gameplay. MC is an ETH-based token established in 2021.
- Ultra. UOS empowers the entire Ultra ecosystem, facilitating seamless and transparent value transfers among various stakeholders, including developers, influencers, and players. Within the ecosystem, all transactions involving game purchases, virtual items, and services necessitate the utilization of UOS tokens.
- Gala. GALA, an Ethereum-based token, fuels the Gala Games platform, dedicated to blockchain gaming. GALA serves as the medium of exchange for all interactions within the Gala Games community, including transactions for in-game items and various in-platform activities.
- Gods Unchained. GODS, an Ethereum token, serves as the driving force behind Gods Unchained, a blockchain-powered trading card game. Within the Gods Unchained ecosystem, GODS tokens are instrumental in crafting NFTs and various digital assets. Moreover, they play a crucial role in the decision-making process regarding the platform’s future through voting mechanisms.
- WAX. WAX is a blockchain and protocol token meticulously designed for the purpose of expediting, simplifying, and securing e-commerce transactions. The WAX Blockchain employs Delegated Proof of Stake (DPoS) as its consensus mechanism and boasts backward compatibility with EOS, offering a robust foundation for e-commerce endeavors.
Popular crypto gaming (GameFi) coins/tokens to watch out
If you are searching for more new crypto gaming coins to invest in or are uncertain about which gaming token is the best, consider exploring other well-known cryptocurrency tokens for gaming
- Memeinator: Ideal for harnessing AI and social buzz to drive consistent price surges.
- My Neighbor Alice: A builder game with plots of land where players can create their own farms.
- Metacade: Optimal for cryptocurrency gaming, play-to-earn incentives, and access to exclusive tournaments.
- UFO Gaming: The go-to gaming cryptocurrency for reaping eSports rewards. Ultra: The preferred gaming coin for developers seeking to construct blockchain-based games.
- Battle Infinity: A metaverse cryptocurrency boasting a prominent GameFi collection.
- LOKA: An MMO GameFi token with substantial potential for growth.
What are Gaming Tokens in Cryptocurrency?
If you’re a gamer, you’ve likely come across the growing phenomenon of gaming token cryptocurrencies within the realm of video games. This development is quite revolutionary, as it allows players to potentially earn real money while enjoying their favorite games.
This concept has already been successfully demonstrated in games like Axie Infinity, which has provided a source of income for individuals in South East Asia.
Gaming tokens are digital coins used in games that might be worth real money and can be traded or redeemed like actual ownership
So, what exactly are gaming tokens in the world of cryptocurrency? Essentially, they are akin to traditional cryptocurrencies, but with a specific purpose within video games. What makes them especially exciting is the Play-to-Earn (P2E) feature, which means that the crypto earned as points or rewards in a game can be exchanged for real-world currency.
These gaming tokens take the form of in-game assets, which can be utilized to acquire various in-game items and services. They are commonly referred to as “crypto-tokens” or “crypto-coins.” While they are also occasionally termed “in-game currency,” we believe it’s more fitting to simply refer to them as “tokens.”
With a gaming token, you gain the ability to engage in the buying and selling of in-game assets and services. For instance, imagine you’ve bred a new Axie from your collection of Axie pets and wish to sell it. You can do so by listing it on the marketplace for AXS tokens, which are actively traded. These AXS tokens can then be converted into actual cash, effectively turning your Axie breeding into a profitable venture.
Read also: Best GameFi projects to Watch this year
What is Blockchain Gaming?
In a nutshell, blockchain gaming represents the convergence of blockchain technology and NFTs (non-fungible tokens) to create a brand-new gaming experience. The journey begins by attaching NFTs to in-game assets, allowing players to experience the advantages of owning and trading these digital assets.
The primary objective of blockchain gaming is to disrupt the conventional model of the gaming industry. To appreciate this shift, let’s take a journey through the evolution of the gaming industry.
In the past, gaming companies would release titles that required players to make upfront payments before they could dive into the gaming world. Think of games like FIFA, which were distributed on CDs for platforms like PlayStation and Xbox. Subsequently, we saw the emergence of games offered for free or at low initial costs, exemplified by titles like Call of Duty and League of Legends. These games relied on the expectation that players would make in-game purchases.
Enter blockchain gaming, a concept that completely flips the traditional model on its head with the introduction of Play-to-Earn (P2E). Under the P2E model, players are rewarded with cryptocurrency for their gameplay, while gaming companies generate revenue by collecting a portion of the fees from in-game transactions between players.
While blockchain-based ownership was first introduced in 2017 with the advent of Crypto Kitties, the Play-to-Earn concept gained substantial momentum in 2021, with key players in the industry expressing their interest in exploring this innovative space. Blockchain gaming now allows users to receive financial rewards for the time and effort they invest in playing games, marking the dawn of a new era in the world of video gaming.