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The cryptocurrency industry is now actively being described by most people familiar with it as the future of finance and the economy. However, more than that, its underlying technology, the blockchain, is being described as the future of everything.
From the internet to supply chains, digital finance and running smart cities, blockchain can be implemented virtually anywhere. However, there is still a long way to go before this is the case and before adoption gets anywhere near these proportions.
However, there are industries where the blockchain is getting a decent foothold, outside of the financial industry. One of them is gaming, which has managed to bring under one roof all of the most powerful crypto trends, including DeFi, NFTs, and even the newly-emerging metaverse, which is likely going to be the dominant term in crypto headlines of 2022.
Gaming seems to be the perfect industry for crypto, and the two work extremely well with one another. One reason for that is the fact that crypto/blockchain need gaming to maintain some of their use cases, while gaming needs crypto and blockchain to bring closer the financial aspect. Crypto needs supporters and gaming needs ways to provide real-world payments to those who participate, export in-game items, and alike which is why the two industries go hand-in-hand.
In fact, their relationship appears to be getting tighter and tighter, as some of these projects are getting quite successful. Here is a short list of the biggest crypto gaming projects and their coins.
1. Axie Infinity
The first on our list is Axie Infinity. Now, this project has emerged quite rapidly, and it rose through the ranks in a matter of weeks, carving out a place as the leader in digital currency and blockchain-based gaming. Right now, it is the biggest crypto game in the market, and one of the biggest cryptos in the world.
Of course, nowhere near Bitcoin or Ethereum as of yet, but it is growing quite enthusiastically. The game was actually inspired by Pokemon games, as it allows players to buy, sell, trade, or battle creatures. The creatures are called Axies, and they come in the form of NFTs, so they can be bought and sold on NFT markets.
In order to play the game, you must first own at least three Axies. However, this investment will pay off, as you get to earn AXS gaming tokens as you play the game. Some people have reported earning anywhere from hundreds to thousands of dollars in crypto per month by playing this game, so there is certainly potential to earn there. Early investors were the luckiest thus far, as the token price went from $0.54 earlier this year to above $150, representing a 28,000% increase.
To learn more visit our Investing in Axie Infinity guide.
2. The Sandbox
Next up, there is The Sandbox — a decentralized platform used for creating 3D game worlds that uses visual scripting tools. As such, it can be used without actually needing any coding knowledge. The platform was, naturally, created to bring the possibility of creating unique and inspired worlds to everyone and anyone, regardless of their technical expertise.
The project offers digital real estate known as LAND, where players get to make games and store assets. In addition to LAND plots, the project also features tokens called SAND, which power it. Tokens can be used for in-game transactions, buying equipment, and buying LAND itself. With a limited number of LAND (166,464) the demand for virtual real estate is huge, and some plots have been sold for as much as $50,000.
To learn more visit our Investing in The Sandbox guide.
Decentraland is actually quite an old and well-known project, which was created on Ethereum. The project comes as a shared virtual reality platform, offering LAND that players can purchase and use in any way they see fit. That includes even creating businesses and building anything they can think of.
LAND in Decentraland can be used for artwork, games, various activities and events, and even digital tourism. There is no limit really, other than the players’ imagination. The project also has a number of communities named Districts, which are dedicated to various themes. The largest one is based on the cyberpunk aesthetic, and it is known as Aetheria.
Now, if you wish to get more familiar with the project, you can buy some of its native token, MANA. Mana is used for all kinds of in-game transactions, including the purchase of LAND, governance, and more. Decentraland is likely to skyrocket to a high position in the near future, given the popularity of metaverse and its role in the future of the internet, gaming, and cryptocurrency.
Fortunately, it is not too late to get in on the action, as Decentraland is actually still in its early stages of creating a community and enriching its user base.
To learn more visit our Investing in Decentraland guide.
4. Enjin Coin
Nearing the end of the list, we have Enjin Coin, which is a bit different from the others on this list. Enjin Coin is not tied to a particular game, but it was designed to be compatible with plenty of different games.
The coin was developed by Enjin, a company that offers software development kits. These tools can be used by developers to create a variety of different things, including digital assets such as in-game currencies, special items, and more — whatever their blockchain games need. The inventory for games can be stored in the Enjin wallet.
Another thing to note is that Enjin Coin is necessary for making digital assets on Enjin in the first place. The coins need to be stored in smart contracts, which will ensure that the developed assets will actually have real-world value.
The coin itself also offers great potential for earning, and early investors already managed to profit off of it, as they bought it at $0.13 or so, only to see it rise to $4 in barely a few months. After that, the price dropped somewhat and it did not see a lot of growth yet, but it is likely only a matter of time, now that blockchain gaming is becoming a trend.
To learn more visit our Investing in Enjin Coin guide.
5. My Neighbor Alice
Lastly, we have an upcoming blockchain game called My Neighbor Alice. The game is still in the testing phase, but once it is fully launched, it will act as a multiplayer farm and builder game. It will allow players to purchase land on six different islands, farm it, purchase animals, and more. The game has a very relaxing, lighthearted design, which will likely remind most people of games like Animal Crossing.
Meanwhile, ALICE tokens will serve as the in-game currency, used for marketplace purchases, and players will be able to get them by completing various quests. Additional profits can be obtained through staking. However, this is generally considered a risky game to invest in, as the coin’s price fell significantly after the release. Their price can still skyrocket if the game becomes a hit, although it is impossible to predict whether or not it will actually happen.
Visit our How to Buy My Neighbor Alice guide.
Blockchain gaming is skyrocketing, and many projects connected to it are seeing more success than ever, be they around for years or fresh off some IDO platform. What matters now is to quickly recognize the right opportunities and take advantage of them early on. Of course, risk is still present, which is why any such investment needs to be extremely well-thought-out, and investors must be ready to face losses.