What are Gaming Crypto Tokens?
Gaming has always been an industry pushing the boundaries of technology and innovation. Along with this, digital games create an environment for players to play in. They are like mini worlds inside our computers where people spend a significant amount of time. Games have alternate economies too. This is why gaming and crypto are made for each other. The gaming community has been buying digital assets for ages. The inclusion of crypto just skyrocketed the concept. Blockchain has revolutionised the industry by introducing true ownership of in-game digital assets. Let us explore the 10 best crypto gaming tokens to look for in 2024.
Read more: What is Crypto Gaming
Top 10 Best Gaming Crypto Tokens
| Gaming Token | Market Capitalisation |
| Axie Infinity (AXS) | $1.4 Billion |
| The Sandbox (SAND) | $1.35 Billion |
| Decentraland (Mana) | $1.1 Billion |
| Gala Network (GALA) | $1.7 Billion |
| Enjin Coin (ENJ) | $608 Million |
| Chiliz (CHZ) | $1.8 Billion |
| Immutable X (IMX) | $3.9 Billion |
| Ultra (UOS) | $83.5 Million |
| Illuvium (ILV) | $464 Million |
| Bloktopia (BLOK) | $36.9 Million |
Axie Infinity (AXS)- Axie Infinity is a pioneering play-to-earn (P2E) game that has captivated the crypto community. The game enables players to breed and battle digital creatures known as Axies, which can then be traded and sold on the in-game marketplace. Axie Infinity’s distinctive gameplay and the opportunity for players to earn real-world income through participation have contributed to its immense popularity. With over 1 million daily active users, Axie Infinity has emerged as one of the most successful blockchain-based games to date.
The Sandbox (SAND)- The Sandbox is a virtual world game that empowers users to create, own, and profit from their own digital experiences. By leveraging blockchain technology, the game ensures true ownership of in-game assets and offers a platform for creators to showcase their talents. The Sandbox has garnered substantial interest from both gamers and investors, with its recent token sale raising over $3 million within just four hours.
Read more: Decentraland Vs Sandbox
Decentraland (Mana)- Decentraland is a virtual world game that empowers players to explore, interact, and create within a digital realm. By leveraging blockchain technology, the game ensures true ownership of in-game assets and offers a platform for developers to build and monetise their creations. Decentraland has experienced a surge in popularity, with its virtual real estate selling for millions of dollars.
Read more: What is Decentraland (MANA)
Gala Network (GALA)- Gala Network is a blockchain-based gaming platform that provides a diverse selection of play-to-earn (P2E) games. By utilising its blockchain infrastructure, the network aims to deliver a seamless gaming experience with fast and secure transactions. Gala Network has forged partnerships with prominent game developers, positioning it as a compelling investment opportunity.
Read more: Play to Earn vs Play to Own
Enjin Coin (ENJ)- Enjin Coin is a platform that equips developers and users with the tools and services to create and manage gaming assets on the blockchain. It aims to bridge the gap between gaming and blockchain technology by offering a user-friendly platform for developers to seamlessly integrate blockchain capabilities with their games.
Chiliz (CHZ)- Chiliz is a token designed for sports entertainment and fan engagement platforms. It empowers fans to participate in diverse activities, including voting and predictions, and earn rewards in return. The platform has established partnerships with prominent sports teams and leagues, positioning it as a unique investment opportunity within the gaming landscape.
Read more: What is Chiliz (CHZ)
Immutable X (IMX)- Immutable X is a blockchain protocol specifically engineered for the development and scaling of play-to-earn (P2E) games. It seeks to address the scalability challenges encountered by many blockchain-based games, offering a smooth and seamless gaming experience for players.
Ultra (UOS)- Ultra is a platform that aims to bridge the gap between traditional gaming and blockchain technology. It provides a user-friendly platform for developers to create and publish their games, while also offering a marketplace where players can buy and sell in-game items.
Illuvium (ILV)- Illuvium is a play-to-earn (P2E) game that blends role-playing mechanics with creature-based battles. By leveraging blockchain technology, the game ensures true ownership of in-game assets and offers players the chance to earn rewards through their gameplay. Illuvium has garnered substantial interest from both gamers and investors, with its recent token sale raising over $5 million in just 24 hours.
Read more: Play-to-Earn Must Have Gaming Equipment
Bloktopia (BLOK)- Bloktopia is a 21-story virtual skyscraper that functions as a hub for the blockchain gaming community. It is known for providing a platform for players to share, connect, and trade their in-game assets. The platform has forged partnerships with prominent game developers and publishers, positioning Bloktopia as a promising investment opportunity.
Should you Invest in Gaming Crypto?
Gaming in itself is a skill-based activity. The mentioned tokens have skyrocketed in value and market capitalisation. Here, the possible profits are not only based on the market sentiments and utilities of a token but also the knowledge of the game-play. We recommend you research each token and have a comprehensive understanding before making any investment decision. Kindly note that this blog is not an investment advice.
Conclusion
The convergence of gaming and crypto has unlocked a realm of exciting opportunities for investors. The top 10 gaming crypto assets we have explored in this article each offer distinctive features and the potential for substantial returns. These tokens are rapidly changing the gaming industry and it will be certainly interesting to watch their growth and performance.
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