Blockchain gaming has been a booming crypto industry since 2021 and has managed to launch a few well-known brands so far. In this article, we have reviewed 9 gaming coins from the analyst list that are giving strong signals in terms of price. Here are the details…
9 highly anticipated game coins and metaverse
Enjin Coin (ENJ)
Enjin Coin is one of the most popular crypto gaming coins. Built on Ethereum, it allows developers to create, manage and trade virtual goods, enhancing the overall gaming experience.
ENJ is used as a utility token to purchase virtual items in games. It also serves as backup value for printed assets. Additionally, it often acts to support the value of NFTs.
Decentraland (MANA)
Decentraland is a decentralized virtual reality platform where users can buy land, build infrastructure and have various experiences. The native cryptocurrency MANA powers this virtual world.
MANA allows users to purchase virtual parcels of land, participate in the management of Decentraland through a DAO structure, and purchase virtual goods and services.
Axie Infinity (AXS)
Axie Infinity, a blockchain-based trading and war game, uses the AXS token in its ecosystem. AXS is used to participate in the management of the game, raise Axies (virtual pets) and purchase in-game items. Players can also earn AXS by playing and staking games.
The Sandbox (SAND)
Sandbox is a virtual world where players can create, own and monetize their gaming experiences. The platform also uses SAND, an ERC-20.
SAND is used for transactions within the platform, staking for rewards, and governance participation. Players can also earn SAND through gameplay, contributions, and content creation.
Gala Games (GALA)
Gala Games tries to give players control over the games they play with local GALA. Players can use GALA to purchase in-game items, vote on game improvement suggestions, and get rewards. They can also earn GALA by owning and operating the Gala Games node operator.
Yield Guild Games (YGG)
Yield Guild Games is a decentralized gaming guild of players and investors who generate returns from NFT-based games. YGG is used as a currency in the ecosystem. YGG token holders can earn rewards.
My Neighbor Alice (ALICE)
MyNeighborAlice is a multiplayer Blockchain game where players build and create on shared islands. ALICE is the native currency of the platform. At the same time, it acts as a medium of exchange, a reward for tasks. However, it provides governance functions for players on the platform.
Star Atlas (ATLAS – POLIS)
Star Atlas is a grand strategy game of space exploration, territorial conquest and political domination powered by Blockchain technology. It has two native tokens, ATLAS and POLIS. ATLAS acts as an in-game currency for transactions, while POLIS is a management token that allows its holders to influence game development.
Illuvium (ILV)
Illuvium is an Ethereum-based open world fantasy war game. ILV is the native cryptocurrency of the Illuvium platform. It is also used for in-game purchases, rewards and participation in the game’s DAO mechanism.
Comparison of traditional gaming and crypto games
In traditional games, game developers have full control over the in-game economy, operations, rules and all other aspects of the game. Players have limited rights to their in-game assets. In addition, the value earned in-game often remains locked in it.
Crypto games fundamentally change this dynamic. By leveraging Blockchain technology and token science, crypto games can facilitate true ownership of in-game assets, enabling P2P transactions. However, it can provide scarcity and allow the possibility of holding assets in different games.
Key elements for crypto games and gaming coin
Tokens and cryptocurrencies
Cryptocurrencies or tokens are an integral part of crypto games. They can be used in-game as a means of exchange, a representation of value, or a reward mechanism. Examples are Enjin Coin (ENJ) in the Enjin ecosystem or AXS in Axie Infinity.
Blockchain
Blockchain technology powers crypto games. It provides transparency, decentralization and security. By storing game data on a Blockchain, it validates in-game transactions and ensures their immutability.
NFTs
NFTs are unique digital assets stored on a Blockchain. In crypto games, NFTs often represent in-game assets such as characters, terrain or equipment. Because they are unique and scarce, NFTs can be of significant value. As Kriptokoin.com, we include hot developments from the NFT world on this page.
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