In 2021, the popularity of blockchain gaming, often known as GameFi, skyrocketed. This was owing to an increase in play-to-earn gaming, as well as technological advancements that enable better games. Gaming crypto coins are an extremely risky form of investment. They’re generally unproven and are not an investment for everyone. However, a few of them have had exceptional success in the past year, and they may be the next big thing in the video game world. Today I will talk about 5 Crypto Coins for gaming that you should have on your radar for the year 2022.
Now let’s go ahead and just get straight into these Gaming Crypto coins.
The most popular gaming crypto coin is Axie Infinity. This browser-based game uses Ethereum smart contract technology to provide users with complete control over their accounts. Players start with three Axis to play the game, and they can exchange these for AXS gaming tokens. This means they can buy in-game products and upgrade to premium versions of their games. This is the ultimate cryptocurrency for gamers! The game has gained huge popularity thanks to its unique features.
Anybody who got early to axie Infinity made so much money
I’m sure you guys have all heard the stories about people over in the Philippines playing Axe Infinity. Now they’re making three, four, five times the average daily wage, just sitting around playing video games all day.
Decentraland’s ecosystem is highly customizable. You can create custom environments, marketplaces, and applications. You can also use the Decentraland platform to build and sell goods and services. In addition, you can monetize LAND by selling art and games. This allows you to earn MANA for your work and for your personal needs. This digital currency is available to anyone who wants to buy it. But you need to know what MANA is and how to use it.
Decentraland is a burgeoning blockchain-powered virtual world built on the Ethereum network, and MANA is its crypto token. This virtual environment, which debuted in 2017, may be explored and utilized to develop multiplayer games. Hundreds of 3D items are available in the Decentraland Builder, which may be used to design or generate nearly anything in this virtual environment as game tokens.
These game tokens can be bought, sold, and traded by players.. Open marketplaces can also be utilized to acquire and sell virtual land holdings connected to Decentraland. It’s no wonder that Decentraland is one of the most popular crypto gaming coins.
Gala Games (GALA)
The Gala games ecosystem is designed to provide users with the opportunity to own in-game items. Developers can leverage the blockchain infrastructure to develop and distribute games. As a result, developers can create more engaging and profitable games with the Gala network. As more people join the platform, the potential for further growth is high. The game is also supported by a blockchain-powered community. You can also invest in Gala by purchasing the token on the Coinbase exchange.
In November, the price of Gala Games reached an all-time high, jumping by about 550 percent in only one month. It has now recovered, and it is now about 100 percent higher than it was six months ago. The platform claims to create “games you’ll actually want to play,” and it is presently working on a number of titles.
The only one accessible right now is Town Star, a play-to-earn game in which players compete to build the best town. A survival shooter named Last Expedition, an interplanetary strategy game called Echoes of Empire, and a tower defense game called Fortified are among the seven projects under development.
Enjin is pushing the cryptocurrency industry forward into new terrain. The ERC-1155 token standard is being utilized, which is based on Ethereum. Developers acquire this blockchain-based gaming token, which is then minted into blockchain gaming products, allowing users to earn $ENJ instead of needing to buy them on cryptocurrency exchanges by purchasing gaming things and getting them in games.
An increasing number of game creators are being drawn to Enjin’s well-developed toolset of development tools, which make it simple to produce tokens and integrate them into games and gaming platforms. Furthermore, the Enjin Marketplace allows users to securely exchange ERC-1155 digital assets backed by ENJ tokens.
The Sandbox (SAND)
The Sandbox is a virtual universe in which avatars interact with each other. It is a place where people play, work, learn, and play together, without any barriers. The developers are trying to create a community where these avatars can socialize with each other.
They’re trying to create a platform where all players can build, explore, and share. In the meantime, the SAND token will be the common currency of the game. The Sandbox platform was founded by Pixowl, a company that develops games and other digital assets.
It was launched in 2011 and has since been acquired by Animoca Brands. It shares many similarities with Minecraft, such as the ability to interact with other players, make certain materials, and upload worlds to a public gallery. In August 2018, The Sandbox was listed on the New York Stock Exchange. The company plans to use the SAND to launch its own DAO in the future.
Yield Guild Games (YGG)
YGG stands for Yield Guild Games. This game company has been around for a few years now, and they are currently working on a new DAO to facilitate this. As part of this, YGG is allowing its members to participate in the voting process. This way, they will be able to make key decisions regarding products and services. The voting process will be facilitated by smart contracts that will allow members to cast their votes and send proposals.
The main goal of Yield Guild Games is to create the most stable virtual economy. The game’s incentive system revolves around NFTs, which enable community members to own assets. This allows players to accumulate value over time. This makes the virtual economy more stable than most other projects, and it’s expected to grow much faster than other gaming-related ICOs. The gameplay itself is very exciting and rewarding, but it is best played on a mobile device.
The community-led cryptocurrency project UFO Gaming aims to bridge the gap between traditional games and blockchain technology. The team behind the game is passionate about player empowerment and the principles of community-driven development.
They’ve created the first-ever P2E e-gaming tournament, the UFO 10K Cup, which featured top-level e-gamers and a $10,000 prize pool. In addition, they’ve created a virtual land where players can buy and sell virtual properties and use the virtual currency to play games.
The platform’s success stems from its decentralized organization model. Unlike most centralized platforms, UFOs are community-managed ecosystems. Since there’s no leader or team, everyone’s contributions to the project’s success are equal. Holders can propose ideas and contribute to its growth. With this model, UFOs have the potential to be the largest gaming ecosystems ever created.
Illuvium ILV is a blockchain game that users can earn in-game rewards by participating in competitions and quests. Moreover, the ILV token is tied to the ILV price, so that you can sell it or exchange it for real money. To earn ILV, you must first stake your Ethereum in a core pool. Then, you can buy back the ILV tokens. Then, you can store the ILV in an external wallet.
The Illuvium DAO sold 20% of its tokens in seed rounds. Another 15% went to developers and treasury. Ten percent went to a launchpad for future investors. The rest of the tokens are divided between yield farming and in-game rewards. The DAO’s code is designed to guide the project’s activities and decisions. The majority rules. This means that you can reap huge rewards by mining Illuvials in the game and staking ILV.
Lastly, remember to read about the game’s reputation and value before investing. It’s a risky proposition to buy Illuvium, but it’s definitely worth the risk.
Loom Network (LOOM)
The Loom Network ICO launched on November 7, 2017. It has since gone through a number of phases, ranging from the development of its app to the launch of its first tokens. In addition to its app, the company has also launched its first cryptocurrency, the LOOM. This is the first token issued by the Loom Network, and the company has been busy promoting it in various online publications. In order to attract more investors, the Loom team has also announced the availability of an ICO.
Loom Network ICO has an open beta phase, and you can join it to participate. The ICO is a platform where you can build and launch your own digital asset. As a developer, you will be able to choose from a variety of Ethereum-based platforms for your project. The Loom SDK lets you create your own DAppChain, and you can select any sidechain elements that you want to add to your DAppChain. You will need an Ethereum wallet to hold the LOOM tokens you wish to buy.
These are the Best Gaming Crypto coins That will be 50X in 2022. Please do your own research before investing in these coins.