Best Gaming Crypto Coins to Buy in 2022
With over $476 million in funding in the first half of 2021, blockchain gaming startups received more than double the game’s volume in 2022. Despite the market downturn, interest remains high.
Video games and digital currencies are two fascinating worlds combined in the crypto gaming sector. In this article, we’ll discuss Best Gaming Crypto Coins, how to acquire them, and why to invest in them.
What are gaming coins?
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A gaming coin is an in-game cryptocurrency for a specific game. Among other things, you can acquire gaming coins to purchase in-game items and characters. Participants may earn cryptocurrency by completing various tasks. As a new trend emerges, non-fungible tokens (NFTs) are also used more frequently in these games.
Although the use of gaming coins is still in its infancy, many of them have already gained considerable acceptance in the traditional gaming industry. At the beginning of September 2020, Atari, the iconic home entertainment company, announced a collaboration with the gaming firm GameFi to support the creation of Atari’s modern game computer network (ATARI VCS), which will be available for home entertainment users.
At the end of 2021, all P2E cryptocurrencies will be worth more than $25 billion in market capitalization. Clearly, there is an increase in interest expressed by companies in the gaming and cryptocurrency industries and investors in the gaming currency ecosystem.
Top crypto gaming coins
Among the various Best Gaming Crypto Coins that are out there, a few stand out from the rest. In the following, we highlight six of them:
1. Axie Infinity (AXS)
The axie infinity game is a trading and battling game that uses blockchain technology to allow players to collect and trade a variety of creatures (Axies). Every Axie token is a unique ERC-721 NFT. It can be staked, played, or voted. There are various ways to earn rewards for AXS holders. As many as 500 body parts are available for axies.
With a market capitalization of $1.8 billion, Axie Infinity is the first pay-to-earn gaming platform. AXS, the native token in the game, continues to perform well and attracts an army of players worldwide.
Many new people are becoming interested in Axie Infinity due to the fact that it has a promising earning potential. In July 2021, for example, Axie Infinity collected more fees over seven days than Bitcoin or Ethereum.
In developing nations, the game seems popular because it generates income after COVID-19. Many gamers in markets like Vietnam make significant money through their Axies. Some even play the game to finance their home expenses.
2. Enjin Coin (ENJ)
A service called Enjin offers game creators the ability to create in-game tokens, including both fungible and non-fungible assets. On the Enjin market, ERC-1155 assets are available for purchase and sale.
A collaboration between Enjin and Microsoft has led to the creation of Azure Heroes in 2020. Azure Heroes aims to recognize and reward developers with blockchain-based smart badges for their achievements and contributions. In the words of Enjin, every badge is made in the form of an NFT and has “verifiable scarcity, strict circulation restrictions, and a unique identification system.”
On the original Enjin network, there are over 20 million members and hundreds of communities. There are currently nearly forty gaming businesses using the platform.
In addition to linking to Enjin, Enjin has made successful links to other platforms such as Ethereum. As well as that, millions of Minecraft users continue to use Enjin’s team communication software package to converse with various other players.
3. The Sandbox (SAND)
In the Sandbox, SAND is the native utility token and a play-to-earn metaverse. The land is the digital real estate that makes up the metaverse and the unit of the domain ownership. Through the use of NFTs and SAND, gamers may design, own, and sell their own gaming experiences. Using the Sandbox Game Maker, it is possible to incorporate the digital assets created by the players as NFTs.
Additionally, Sandbox has been designed to provide players with a set of instruments that will allow them to interact with other players across the Metaverse. In addition, the users have the freedom to design their 3D game settings and digital objects that may be used as part of their games.
Sandbox, a company that works with Atari to build VR theme parks, has been working with the company to develop several limited-edition LAND-based theme parks. It is estimated that there are only 166,464 LAND plots in the sandbox, yet every day thousands of game worlds are built on The Sandbox, which is why plot prices can rise to $50,000 (sometimes even higher)! SAND is the native currency of Sandbox, which people can use to purchase digital assets with LAND and other digital currencies.
As a result of the popularity of The Sandbox, SAND will be inextricably linked to the game’s success. The game’s success is sure to increase if the game becomes a common gaming community fixture.
4. Gala (GALA)
The Gala Games token serves as a way for Gala ecosystem players to trade among themselves. The token can also be used for gala users to participate in game development.
In the GALA token ecosystem, the best participants are rewarded. Gala Games token holders can choose which games will appear on the Gala Games network.
Sources suggest Gala Games has sold over 26,000 NFTs since it launched in 2019 and has over 1.3 million monthly active users. The most expensive NFT sold in 2019 was worth $3 million. In its vision, Gala aims to let players benefit from the billions made by gaming platforms. This network aims to provide its users access to gaming ecosystems through NFTs and other digital assets.
5. Star Atlas (ATLAS)
Star Atlas is an online multiplayer game played within a virtual gaming environment. Star Atlas combines elements of strategy with other genres. Players must create tactical plans of action to communicate with other factions. A key element of gameplay in this game is the exploration and fight of deep space and the building of space stations and ships.
It has been reported that Star Atlas and the Sandbox are working together to revolutionize the way games are interoperable between Ethereum and Solana. It would appear that the collaboration will lead to a contest called the Star Atlas Vox Edit contest, which will allow players from Sandbox to act as envoys for the game.
6. Yield Guild Games (YGG)
The Yield Guild Games are a decentralized autonomous organization (DAO) that invests in virtual networks of firms. The token of the DAO is YGG, which is regarded as one of the best gaming crypto coins out there.
In an effort to create the largest virtual economy in the world, the organization aims to create maximum utility for its assets and provide revenue systems to its investors. One of the primary sources of revenue for Yield Guild Games is leveraging the assets of the Yield Guild Network, either directly or indirectly. A portion of the in-game rewards goes to community members in exchange for using these assets.
The Best Gaming Cryptos: Where Can You Find Them?
When looking for the best gaming cryptos on the Internet, there are many options to choose from. On these dedicated channels, gaming cryptos are covered in-depth and in the most recent way:
Reddit allows members to curate and promote content through voting as a social news website and forum. This is an online community where people can explore their interests and hobbies.
Reddit has created a niche for the crypto industry. In this regard, the platform is a great place to find information on top gaming cryptocurrencies.
Crypto News platforms provide the latest breaking news on cryptocurrency trends. With the development of crypto news platforms in recent years, they have established themselves as one of the most reliable sources of information on the top crypto gaming coins.
For learning about crypto, YouTube has been a reliable source. On the platform, several crypto professionals are eager to share their knowledge with newcomers.
Social Media Influencers
Gaming crypto platforms usually partner with social media influencers. New investors can turn to these influencers to obtain accurate information about an asset.
Often, these influencers have firsthand knowledge of how the platform works or have been early investors in the crypto gaming platform.
Game crypto coins: Where to buy them
To invest in gaming cryptos, it’s important to choose crypto platforms that ensure user funds are safe, transaction fees are low, and the platform is easy to use. eToro is a great place for investors who want to invest in crypto gaming.
With eToro, investors can access crypto assets anytime and anywhere via their mobile devices. These platforms make it easy for customers to buy Bitcoin and several other assets.
In addition, it’s one of the best places to buy gaming and metaverse coins. A simple user interface makes navigating the social trading platform easy for new investors to get onboarded seamlessly. It doesn’t take long to sign up for eToro.
Also Read how to invest in crypto
Gaming coins are designed to facilitate faster transactions and secure rewards while providing easy access to in-game items. MANA and SAND are two of the best gaming cryptos.
This crypto asset has experienced significant price movement since its launch, with MANA on top. Upon the publication of these crypto gaming coins, investors were able to receive a return of 65x, which is a high investment return for new gaming tokens. By mid-May 2022, the cryptocurrency asset will launch its first prize draw, providing value to investors.
Crypto assets can be purchased on a secure platform like eToro, which is affordable and secure.