Coupling the appeal of gaming with the ever-booming blockchain industry, gaming coins are in-game cryptocurrencies that might just be the next big thing. These coins are used by gamers to make in-game purchases like items and characters among other things. Players can earn gaming coins by completing various tasks or missions in the game. Once again, blockchain technology has created opportunities for crypto game developers to add real-world economics to their games.
If you’re interested in investing in gaming coins, here are four gaming coins set to soar in 2023.
How To Buy Gaming Coins?
Before we get into the gaming coins to invest in, let’s discuss buying them. Since gaming coins serve as in-game currency for the games they’re native to, they’re very different from cryptocurrencies. Sometimes you might be able to find gaming coins on popular cryptocurrency exchanges, if not, you’d have to buy them directly from the platform they are native to.
To buy on the platform, you need to know what type of currency is accepted. For cryptocurrency, you can purchase via fiat currency, and the same goes for gaming coins. Some platforms also allow you to pay with cryptocurrency.
You just need to find the platform that works best for you; for instance, if you want to buy with your credit card, you just have to find where you can buy crypto with your credit card.
Here are four gaming coins you should be on the lookout for.
Frankfurt, Hesse, Germany – April 17, 2018
Axie Infinity (AXS)
Axie Infinity is a blockchain-based battling and trading NFT game in which players can trade and collect the game creatures called Axies. Each Axie is a unique ERC-721 NFT. They can take various forms with over 500 available body parts. Axie was one of the first play-to-earn gaming platforms (P2E) to emerge on the blockchain. Gamers are rewarded with AXS tokens worth around $31.04 on the gaming platform.
To show that the asset has a considerable number of holders, Axie Infinity has a current market cap of $1.8 billion. As a result of this, AXS can achieve more stability as more investors get on its platform.
The Sandbox (SAND)
The sandbox is a play-to-earn metaverse where users can create, buy and sell digital assets. This metaverse uses digital real estate units known as LAND. SAND is the token used in The Sandbox. Players can use SAND and NFTs to develop, own and sell gaming experiences.
The Sand Coin trades at $2.10 and the crypto asset has a current market cap of around $2.4 billion.
Enjin Coin (ENJ)
Enjin is a gaming platform that offers game developers software development kits that enables them to create in-game tokens, collectibles, and digital assets linked to the platform. Its users can trade, manage and collect NFTs, play online games, house their cryptocurrency, and more on this blockchain platform.
ENJ is the gaming platform’s unique crypto and is one of the top-ranking gaming coins. To ensure the real-world value of the crypto asset, ENJ is locked in smart contracts.
Enjin Coin has a market cap of $925 million and is ultimately worth $1.09. Hundreds of communities and over 20 million members are on the original Enjin network, with almost 40 gaming businesses using the platform.
Decentraland (MANA)
Similar to Sandbox(SAND), Decentraland is a 3D, virtual reality, Ethereum-based platform where users can purchase, build and monetize virtual land. The platform lets creators and artists interact with other users while sharing and monetizing their assets.
MANA is the token used by Decentraland, it also uses the LAND token. MANA is an ERC-20 token that can be burnt to obtain the LAND tokens which are non-fungible ERC-721 tokens. MANA can be used to make various purchases like avatars, names, clothing, and others.
The Decentraland asset trades at $1.53 at present and has a market cap value of $2.6 billion.
