The gaming sector has witnessed a drastic change in the last couple of years with the introduction of metaverse and crypto gaming platforms. Developers have introduced such platforms equipped with AR/VR experiences. In addition to playing games, you can also make purchases, explore, buy real estate and get collectibles.
But for this, you will require digital currencies. Here’s where the crypto gaming coins (and tokens) enter.
The following sections provide a detailed guide on the top crypto gaming coins that you can consider if you want to explore the metaverse gaming sphere.
Below is a list of the top crypto gaming coins that you can invest in 2022.
MANA is Decentraland’s crypto token based on the Ethereum blockchain. Within the virtual world, you can use it to purchase in-game products like avatar costumes, real estate, goods and services, wearables, unique names, etc.
In addition, you can also vote on future Decentraland developments using these tokens. Finally, there are also a lot of in-game materials you can sell to other players for crypto.
Enjin Coin (ENJ)
Enjin is an Ethereum-based cryptocurrency that supports both non-fungible and fungible tokens. Furthermore, as it is an ERC-20 compliant token, you can transfer and receive them using an Ethereum-based wallet.
The Enjin platform lets you create, store, list and exchange NFTs from one location. Furthermore, there are in-game items that you can sell to other players and earn money. You can also sell your Enjin coins on secondary markets.
Axie Infinity (AXS)
AXS is one of Axie Infinity’s in-game tokens. Besides using it as a currency, you can also use it as a Governance token. In addition, you can also use it to stake in orders for claiming rewards.
Axie Infinity is a platform based on the legendary gaming franchise Pokémon-Go. In this game, there are creatures known as ‘Axies’, which you can digitise as NFTs. You can breed, raise, battle, and trade them. You can also breed and sell your Axies based on their stats. The higher the stats, the greater will be their prices.
In addition, you can earn in-game tokens called Smooth Love Potion (SLP), which you can exchange for money.
The Sandbox (SAND)
Sandbox is a virtual environment that allows you to build landscapes, games, hubs, and complete tasks to earn SAND tokens. In addition, you can develop digital items and sell them as NFTs to earn SAND tokens.
You can also buy land in this game and sell it later as the value rises. Unlike other popular play-to-earn games, Sandbox allows users to customise anything with free and simple design tools.
GALA is the token name of the Ethereum-based Gala Games. The play-to-earn gaming system gives you tokens as a reward for completing quests. You can exchange the tokens or NFTs through this game or off-gamer exchanges.
WAX is the token you can use on the Worldwide Asset Exchange platform to buy and trade in-game items like costumes and gear globally. In addition, this platform lets you create and trade NFTs with ease.
ATLAS is the token of a multiplayer virtual game known as Star Atlas. In this game, you must develop tactical strategies and plans to interact with rival factions. This game focuses on space exploration, developing spaceships and space stations, and combats.
ATLAS has a market cap of a little over $17.2 million at the time of writing.
In this digital age, investing in crypto gaming coins is a great idea, given that the crypto gaming industry is expanding by leaps and bounds. You can use your crypto and buy in-game currencies that will help you in the course of the game.
As you proceed, you will earn rewards for completing quests and activities. You can exchange or sell your rewards for cryptocurrency that you can later convert into cash. You can also earn money by collecting, trading, and selling rare in-game items that other players value.
There are some games where you can also use NFTs as currency to obtain tokens or get cash. In short, there are many ways to invest in crypto gaming coins and earn money from them.
Good knowledge about the game is crucial, and holding on to the right item until it appreciates.
Although cryptocurrency volatility is well known, given the booming crypto gaming industry, the future of crypto gaming tokens is pretty bright. Putting your money in crypto gaming coins, like any investment, requires thorough research. Keeping current trends in view and selecting the token that fits your budget and aligns with your risk profile is vital.