Investing in Gaming Coins

Investing in Gaming Coins

With so many different types of cryptocurrency, investors have a variety of projects they can check out. Gaming coins, a relatively new type, have been growing.

Gaming coins combine two extremely popular industries: crypto and video games . Many are online games that use a cryptocurrency as the in-game currency. Players can use the game’s crypto for purchasing characters and weapons. These games also often use a play-to-earn model, where players can earn crypto as they complete tasks.

Blockchain gaming companies raised $476 million over the first half of 2021. Since this is a new industry, gaming coins could have serious growth potential. Image source: Getty Images. Gaming coins to watch

Here are some of the best gaming coins to watch and consider as an investment: Cryptocurrency Market Capitalization Description Decentraland ( CRYPTO:MANA ) $1.35 million A virtual world where players can own land that they use for games, art, activities, and more. My Neighbor Alice ( CRYPTO:ALICE ) $260 million A builder game with plots of land where players can create their own farms. Axie Infinity

Axie Infinity has carved out a place as the leader in crypto gaming. It’s the biggest cryptocurrency game, and it has also become one of the biggest cryptocurrencies in the world.

Inspired by Pokémon, Axie Infinity lets players buy, trade, and battle creatures called Axies. These Axies are non-fungible tokens (NFTs) , and you need to buy at least three to start playing.

One reason the game is so popular is because players can earn AXS gaming tokens for playing. Some players report earning hundreds to thousands of dollars worth of crypto per month by playing.

Early investors are undoubtedly happy with Axie Infinity’s stock performance. It was worth about $0.54 at the beginning of 2021 and would later surpass $150, an increase of more than 28,000%. Gains will almost certainly slow down, but, as crypto gaming grows, Axie Infinity will be the one of the first names seen by new investors. The Sandbox

The Sandbox is a decentralized platform where players create their own 3D game worlds using visual scripting tools, which means no coding knowledge is required. Players make games and store assets on LAND, The Sandbox’s digital real estate.

SAND tokens power The Sandbox. Players use these tokens for in-game transactions, such as buying equipment and LAND. There are a limited number of LAND plots available. Only 166,464 will exist, and some have sold for more than $50,000.

So far, The Sandbox has amassed a large and varied list of partnerships that could help build its user base. It’s working with gaming company Atari to create virtual theme parks. Several celebrities, including Snoop Dogg and Deadmau5, have also gotten involved with The Sandbox and set up their own virtual estates.

DappRadar reports that more than 100,000 worlds are created on The Sandbox every day. This crypto game’s token has seen several large price movements in 2021, including gains of more than 3,000%. Enjin Coin

Enjin Coin is a different way of investing in gaming coins. It’s not tied to one specific blockchain game. Instead, Enjin Coin is made to work with a variety of different games.

The company behind this cryptocurrency, Enjin, offers software development kits. Developers can use these kits to create digital assets, such as in-game currencies or special items, for their blockchain games. Players can use Enjin’s wallet to store their inventory for games connected to Enjin’s platform.

When developers make digital assets on Enjin, they must lock Enjin Coin into a smart contract . This ensures that assets on Enjin have real-world value.

Enjin Coin started 2021 at $0.13 and had risen to $4 in April. The price dipped after that, and since then, it hasn’t grown as much as other major gaming coins. However, this cryptocurrency’s versatility could help it do well in the future. Decentraland

Built on the Ethereum ( CRYPTO:ETH ) blockchain, Decentraland is a shared virtual reality platform. Similar to other virtual worlds, it offers plots called LAND that players can purchase and use however they want.

What makes Decentraland special is its freedom for players. LAND can be used for games, artwork, activities, digital tourism, and much more. Decentraland also has communities, called Districts, dedicated to specific themes. For example, one of the largest Districts, Aetheria, is built around the cyberpunk aesthetic.

The native token for Decentraland, MANA, is used for in-game transactions, such as buying LAND. It’s also a governance token that gives holders voting rights.Decentraland is still in the early stages of building its user base, with monthly user numbers in […]

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