Blockchain technology has had a revolutionary impact on almost every sphere of life. One great example of the same would be the concept of crypto gaming, with play-to-earn cryptocurrencies. Here, avid gamers purchase tokens using cryptocurrency to play games online.
As they play the game, they earn more tokens. The gamers can then exchange the tokens for other cryptocurrencies. Further, crypto games allow players to have complete ownership over their virtual assets, which they can sell or trade for cryptocurrency.
The coins or tokens that gamers earn in crypto games are known as gaming crypto coins. And, lately, five of them have been ruling the roost – Axie Infinity, Decentraland, The Sandbox, Enjin Coin, and Illuvium.
Best Gaming Crypto Coins and Tokens
The five gaming crypto coins listed below have covered all the bases, ranging from market cap, volume, circulating supply, and many more. The primary criteria here is the market capitalization of each coin.
Axie Infinity (AXS)
This NFT-based video game was inspired by Pokémon. Here, players can collect, train, battle, and trade pets known as the Axies.
The game was developed in 2018 by Sky Mavis, with Trung Nguyen and Aleksander Larsen as the co-founders.
One of the most popular Blockchain trading games, Axie Infinity, involves two major tokens: Axie Infinity Shards (AXS) and Smooth Love Potions (SLP), with the latter required for breeding Axies.
Both AXS and SLP are up for grabs in the form of ERC-20 tokens. Currently, the statistics for AXS are as follows:
The best exchanges for players to trade AXS are Huobi Global, FTX, Mandala Exchange, and Binance.
Decentraland is an absolute haven for anyone on the lookout for a platform that can cater to their various needs. Known as the Metaverse, the game’s virtual world is segmented into 90,000+ LAND parcels, each of which is denoted by ERC-21 tokens.
The game was co-founded by Esteban Orando and Ariel Meilich. In Decentraland, MANA and LAND tokens are used.
Here’s how it works: The players need to collect as many MANA ERC-20 tokens as they can. They can later burn/destroy the MANA ERC-20 tokens for LAND ERC-21 tokens.
Alternatively, they can also use the MANA tokens to buy avatars or things to jazz up their land. Decentraland’s largest district is known as Aetheria.
The Sandbox (SAND)
At the core of Sandbox is a philosophy: to allow gamers to turn creators. In line with the same, this is a game where people can gather and use the decentralized platform to do anything digital – buy, exchange, trade, or sell.
Co-founded by Arthur Madrid and Sebastien Borget, what makes The Sandbox genuinely innovative is its ability to offer the best of dual worlds: the thrill of gaming coupled with blockchain technology innovation.
All transactions in this play-to-earn game are done using the SAND tokens. Lately, their performance in the market has been quite impressive. Some important statistics related to the SAND tokens are as follows:
CoinTiger and FTX are some of the many exchanges that permit players to trade in The Sandbox.
Enjin Coin (ENJ)
First launched in 2009, Enjin is one of the largest and most popular platforms for crypto-gaming today. Enjin boasts of having over 250,000 gaming communities under its fold. All of them are powered by a common cryptocurrency, the Enjin Coin (ENJ).
The Enjin Coin is very valuable and brings a host of benefits to the table, like:
- A safety net in the form of reserve value
- Great transparency levels
- Good liquidity levels
- A unique ‘melting’ function
At its core, the Enjin Coin (ENJ) is an ERC-20 token minted exclusively at the Enjin Platform. The co-founders, Maxim Blagov and Witek Radomski, collectively transformed the gaming landscape with the Enjin platform.
To top it off, gamers can trade their Enjin Coins on Enjin’s very own cryptocurrency exchange, the Enjin Marketplace. Here’s more about Enjin Coin:
Illuvium is what you get when the genre of fantasy games collides with the sophistication of blockchain technology. This game requires players to battle and capture creatures known as the Illuvials. Once captured, the players can choose to restore their health.
This makes the captured Illuvial loyal to the player, and they become a part of the player’s army. The ILV tokens are a mainstay feature of the game. They can be used for many purposes, including:
- to recognize players’ achievements in the game
- to facilitate players’ participation in the Illuvium DAO
The game has many interesting DeFi elements, daily quests and battles, and a solid storyline.
Conceptualized by the brothers Kieran and Aaron Warwick, Illuvium has long held the record of being one of the best AAA offerings, with a loyal fan base. Here’s a little more about Illuvium’s ILV tokens:
As people flock towards crypto gaming, the rise of gaming crypto coins is somewhat inevitable.
Besides the coins mentioned above, BORA, Verasity (VRA), and Star Atlas (ATLAS) are some more gaming crypto coins to watch out for!