The successful collaboration between crypto and the gaming industry has sparked a new trend in gaming token investment. Here's a guide to the top 10 gaming tokens you can consider.

The cryptocurrency industry has grown into a large one with a variety of projects available that investors can choose from. One of the most popular projects right now is gaming tokens even though it is relatively new to the crypto industry. The main reason for the popularity is because they are a combination of two highly popular industries: cryptocurrency and video games. Many of them are online games where cryptocurrency is used as the in-game currency.

The crypto in these games can be utilized by players to buy weapons and characters. The games also tend to use a play-to-earn model that involves players earning crypto when certain tasks are completed. It is safe to say that the blockchain gaming sector experienced a boom in recent months and it is currently one of the 'hottest' blockchain projects to invest in right now.

Top 10 Gaming Tokens

Crypto gaming startups raised almost $500 million in the first half of 2021. In fact, half of all blockchain usage in 2021 was from blockchain games as $2.32 billion was generated in sales in the third quarter of last year for in-game collectibles alone. Even though the market has experienced a downturn, interest remains very high because gaming tokens are seen to have immense potential. We will now be looking at the top 10 gaming tokens in the crypto industry currently.

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Axie Infinity (AXS)

This is inspired by Pokémon and it is viewed as one of the best gaming platforms in the crypto industry. It essentially allows players to buy, sell, and battle creatures known as Axies. These Axies are Non-Fungible Tokens (NFTs) from which participants need to purchase a minimum of three to commence playing. The Axies are variants which means they can take several forms as there are over 500 body parts available in the game.

This game gained high popularity last year mostly because players get rewarded with AXS gaming tokens when they play. It is reported that some players earn between hundreds to thousands of dollars worth of crypto every month. Axie infinity is one of the first platforms with a pay-to-earn gaming model and currently has a market capitalization of $1.8 billion. This shows that the asset has a significant number of holders and as more investors get on board, AXS will continue to build its stability.

The model adopted by Axie Infinity has enabled it to attract multiple players around the globe and its native AXS token continues to perform strongly. The game is quite popular in developing countries around the world as it was helpful for citizens of such countries in generating income after the outbreak of the COVID Pandemic. For instance, gamers from countries such as Vietnam earned significant cash daily by playing this game. Some used the proceeds from the game to take care of house bills and other necessities.

 

The Sandbox (SAND)

The Sandbox is a virtual gaming platform that enables gamers to play and earn rewards. It integrates the distinct features of DAOs and NFTs to create a decentralized system that favors gaming enthusiasts. The platform concentrates on developing an innovative play-to-earn model that enables players to create and play games simultaneously.

The Sandbox is essentially a decentralized game that enables players to create personal 3D game worlds via visual scripting tools. This means that players do not need to have any coding knowledge to achieve this. The Sandbox has a digital real estate known as LAND and this is where players create games and store assets.

The Sandbox is powered by SAND tokens. These tokens are used by players for in-game transactions like purchasing equipment and LAND. The number of available LAND plots is limited to 166,464. Up to this point, The Sandbox has assembled a large and diverse list of partnerships that could help expand its user base. At the same time, it is working with Atari, a gaming company, to create virtual theme parks. Various celebrities such as Snoop Dogg have invested in The Sandbox and already have their virtual estates set up. The Sandbox currently has a market capitalization of $2.4 billion with a 3.37% rise recently.

 

Decentraland (MANA)

Decentraland is built on the Ethereum blockchain and enables users to build, own, and govern its metaverse. Like other virtual worlds, it makes plots available known as LAND which players can buy and use in whichever way suits them.

Therefore, Decentraland classifies as one of the top crypto gaming projects using DAO for governance decisions. It is powered by MANA tokens and holders of MANA are in charge of how the platform works. These controlling decisions include LAND auctions and the kinds of content allowed in the metaverse.

The unique thing about Decentraland is the freedom it makes available to its users. LAND can be used for a variety of things such as artwork, digital tourism, games, and so much more. Decentraland also features communities known as Districts which are built around specific themes. A good example is Aetheria which is one of the biggest Districts and is based on cyberpunk aesthetics.

The metaverse of Decentraland has hosted various events where it provided orientation for various gaming enthusiasts that are looking for the best way to conduct themselves in the virtual reality platform. Decentraland currently has a market capitalization of $2.6 billion.

 

Yield Guild Games (YGG)

This is a Decentralized Autonomous Organization (DAO) that focuses on investing in virtual NFTs. The DAO's token is known as YGG and ranks as one of the best gaming crypto coins. Yield Guild Games intends to develop the biggest virtual economy that can create optimal utility for its assets and provide streams of revenue to its investors. The major source of revenue for Yield Guild Games is the direct and indirect leveraging of YGG NFT assets. Users can utilize the assets in exchange for a share of the in-game rewards.

Yield Guild Games recently announced a $4.6 million financing round aimed at furthering the investment of YGG in digital assets in virtual worlds and games across the play-to-earn ecosystem. Over the last few weeks, YGG has been in a downward trend with the crypto asset presently trading at $1.49 and a market capitalization of $160 million. Investors thus have an incredible opportunity to invest at a low price and make significant profits when the price rises in the future.

 

ApeCoin (APE)

APE is an ERC-20 token of governance and utility that is used in managing the ApeCoin ecosystem. It was created with the aim of incentivizing and empowering the decentralized community. Holders of the ApeCoin token are in charge of the ecosystem through the DAO and can vote on how to use the ecosystem. The purpose of creating the DAO was for the building and maintenance of the ecosystem exclusively while also providing infrastructure that will enable collaboration between ApeCoin holders.

ApeCoin was launched in March this year and it has recently taken substantial strides in the market due to a recent announcement from OpenSea, the largest NFT marketplace by trading volume. The announcement was that ApeCoin will now be an accepted form of payment in the marketplace which was not the case initially. The market capitalization of this crypto asset is $4 billion.

 

Enjin Coin (ENJ)

Enjin is a distinct gaming platform that provides software kits to developers for the creation of in-game collectibles and digital assets linked to the platform. Enjin Coin is not tied to a particular blockchain game as it is designed to work with a variety of several games. The wallet of Enjin can be used by players for inventory storage of the games linked to Enjin's platform.

ENJ is the native crypto of the platform and it is locked in smart contracts so that the real-world value is ensured. In the second quarter of this year, Enjin carried out some upgrades to its affinity so that crowd loan rewards can be distributed. As part of its development plan, Enjin has focused on the security testing of its wallet 2.0 to ensure that users' funds are safe. The market capitalization of ENJ currently sits at $925 million.

 

Gala Games (GALA)

Gala Games intends to provide gamers with control over their games by using blockchain technology to introduce innovative thinking to games. This way, players can have control over both their games and in-game assets. Users with ownership of NFTs have a say in the governing process within the ecosystem. Gala Games has a variety of blockchain games that users can choose from and have fun with while blockchain is running in the background.

Fuzzles, the first 'living' NFT series was launched by Gala Games. The Fuzzles NFT collection is made up of 9,997 friendly Fuzzles with 'flesh and blood bodies' but having a brain that is powered by a computerized AI. The native crypto asset of Gala Games is GALA and has a market capitalization of $960 million.

 

Battle Infinity (IBAT)

This is widely regarded as the best gaming coin in terms of platforms using the play-to-earn model. What distinguishes Battle Infinity is the way it combined gaming elements and the metaverse to create a realistic NFT fantasy game. As such, excellent metaverse platforms such as IBAT Premier League, Battle Stake, and Battle Arena are available on IBAT.

Users of Battle Infinity can earn rewards in the process of building teams. Users can also battle it out in the Battle Stake to determine who will end up with the highest annual percentage yield. However, to get started on the platform, players need to purchase IBAT and this can be done on Battle Swap. Players can always exchange their rewards for other currencies.

IBAT enables users to activate advertising on the billboards that are available in the game. They can also contribute to the global stake pool which rewards active users. There is Battle Market which assigns a value to things that the gaming industry is yet to put a value on and this enables players to enhance their gaming experience while also earning more rewards. There is also Battle Games which enables access to various games as well as buying and selling their gaming assets along with their winning NFTs. Battle Infinity has immense growth potential and investors will do well to check it out.

 

Star Atlas (ATLAS)

This is a multiplayer online game that is available in the virtual gaming metaverse. The game integrates different genres and a part of it requires strategy. This is why players need to develop solid plans of action to interact with other groups. The fundamental pillars of gameplay are combat and deep space exploration along with building space ships and stations.

Star Atlas recently collaborated with Sandbox to enhance game interoperability between Solana and Ethereum. The native token of Star Atlas is ATLAS and its market capitalization is currently at $36.4 million. With the current downtrend in the crypto market, investors can capitalize and position themselves to benefit from the recent partnership between Star Atlas and Sandbox.

 

Lucky Block (LBLOCK)

LBLOCK is the native token of Lucky Block and it facilitates blockchain transactions of this cryptocurrency. It is a new crypto asset that has a myriad of applications in the gaming industry, which is why it is seen as one of the best gaming tokens to invest in.

Lucky Block is essentially a BSC-based crypto asset that has taken advantage of the low fees of the Binance Smart Chain to provide investors with smoother transaction processes. The purpose behind the creation of Lucky Block is to improve transparency as well as trust-building among players during weekly competitions or tournaments.

Lucky Block has been taking some steps towards building adoption via its marketing actions. Dillian White, a heavyweight boxer, was recently onboarded by the platform just a few days before his match with another heavyweight boxer, Tyson Fury. As a result, he was geared up in Lucky Block merchandise for the match which piqued the curiosity of fans and everyone that watched the match.

The platform also signed Florian Marku, an Albanian boxer who is the welterweight champion. With this marketing initiative of leveraging influential athletes, the price of LBLOCK is bound to rise as the interest in crypto investment keeps increasing.

The market capitalization of LBLOCK is currently at $57 million, which is quite impressive for a crypto asset that is barely three months old. In the last few weeks, the whole crypto market has been experiencing a downward trend and LBLOCK has not been left out. However, investors can capitalize on this to invest at a cheap price.