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In the world of blockchain, the gaming sector has witnessed a tremendous rise in demand in the last 2 years. The craze for play-to-earn games started post the Covid Pandemic providing an alternate income source to the masses. This in turn increased the demand for gaming cryptos.
Metaverse Gaming Cryptos have a fun element attached to them. Unlike traditional cryptos that can only be held for value and traded in the market, gaming cryptos offer various in-game utilities across the platform they are a part of.
Since most people have started earning more by playing blockchain games than they use to earn from their regular jobs, it has become a way of life and the main source of livelihood across many nations.
If you have a craze for online games and want to explore the world of Metaverse gaming, you need to hold the underlying token to get access to any game. To help you begin your Metaverse crypto investment, we have prepared a list of 6 Top Trending NFT Metaverse Gaming Cryptos.
6 NFT Metaverse Gaming Cryptos
1. Axie Infinity Shards (AXS)
Axie Infinity is an NFT-based Metaverse play-to-earn gaming platform. The game ecosystem consists of a digital community wherein players own a digital pet named “Axie”. Axies are owned and fed by players for using in battles and for earning rewards.
Different Axies have different attributes and appearances making each one of them unique. Players can also purchase virtual plots of land in the game.
On completing daily quests and matches, players can earn Small Love Potion, an ERC 20 token. These are required to breed the Axies and create offspring. Each Axie can produce a maximum of 7 offspring. This limit is applied to avoid hyperinflation.
The AXS token is the governance token of the platform with a max supply of 270,000,000 in the game. Users can earn AXS by selling their Axies or finding them while solving daily quests. Holders of this ETH-based token can make decisions regarding the future of the game.
This token can also be bought from popular exchanges like eToro, Binance, and Coinbase. It is currently trading at a price of $15.62 with a market cap of $1,349,886,336.
Your capital is at risk.
2. Enjin Coin (ENJ)
Enjin is a blockchain ecosystem that provides developers with a platform to create and manage digital goods, in-game assets and NFTs. It aims to eliminate the high fees and risks involved in the transfer of in-game goods and collectables across different properties.
The platform provides software development kits (SDKs) that can be used to create digital assets on Ethereum. These assets can be integrated into games and apps. These assets can be created with customized characteristics to fit the requirement of the specific games.
The platform also works as a marketplace for buying and selling digital items. It currently hosts over 10 million blockchain-based assets.
It operates a digital asset distribution system that allows users to transfer assets with a QR code scan.
ENJ is an ERC 20 token designed to be used as the native currency across the Enjin ecosystem. The token is used to transfer digital items to other players across the platform.
It is also required to mint virtual items. Hence, each asset minted on the platform is backed by the ENJ coin and holds a reserve value. A user can destroy his blockchain assets anytime through the melting functionality to retrieve the underlying ENJ value from the same.
ENJ token is currently trading at a price of $0.56. It witnessed an increase of 17.40% in its value in the last 7 days.
Your capital is at risk.
3. Deepspace (DPS)
Deepspace is a space-based play-to-earn game. It is built on the Binance Smart Chain. The game exhibits a space ecosystem wherein players can explore the expansive universe and mine planets for resources while battling opponents and other players as a part of in-game obstacles.
The Deepspace universe is full of roaming enemies and wormholes that a player has to evade or fight. He can mine resources like ore and rare minerals as he keeps levelling up. These resources can be used for ship upgrades and modifications. They can also be sold in the Deepspace marketplace.
Deepspace ships are NFT-based ships. There are four types of ships available on the platform, namely, fighting ships, tank, mining, and support ships.
DPS is the native token of the Deepspace metaverse. It can be used for ship and resource trading.
The token is currently trading at $0.10261 with a market cap of $5,865,402.
Buy DPS Token via Pancakeswap Now
Your capital is at risk.
4. DeRace (DERC)
DeRace is a blockchain-based NFT horse racing ecosystem. Players can buy and breed NFT horses with unique features to gamble on them in real-time and earn rewards. Players can also own their own NFT hippodrome to organize races.
It aims to provide a fair and transparent customized horse gaming experience, as opposed to centralized gaming platforms. Transactions are cheaper and settlements are faster. It also offers participants the opportunity to be a bookmaker on the platform. They can horse races on their hippodromes. They earn huge chunks of profits from the fees and bets placed by participants.
The DERC is used for all in-game transactions within the DeRace ecosystem. It can be bought on Ethereum and Binance Smart Chain. It is used as the native currency of the platform for Trading NFT horses, Trading NFT hippodromes, participating in races, hosting races, breeding horses, earning rewards and payouts, betting on races, and more.
Holders also get early VIP access to the platform, NFT asset drops and an invite to test new features. DERC is also the governance token of the DeRace metaverse. The current floor price of the token is $0.3299 with a market cap of $17,866,382.
Buy DERC Token via Crypto.com Now
Your capital is at risk.
5. Yield Guild Games (YGG)
Yield Guild Games or YGG is a decentralized autonomous organization (DAO). It focuses on providing a platform for users to facilitate the trading of non-fungible tokens that are used in the blockchain gaming sector.
The platform blends the aspects of DeFi and NFT to create a P2E gaming metaverse economy wherein P2E gamers can build a global network and collaborate to maximize their rewards.
Its primary earns profit through the sale and rental of company-owned NFT assets. Players can also exchange their assets/NFTs for in-game prizes. A gaming project needs to have the following three mandatory elements to qualify under the YGG protocol:
- A virtual land-based economy
- A native token powering the economy
- Play-to-earn functionality where players are rewarded native tokens for in-game activity.
YGG is the game’s native token used for yield farming. That means that it can be used to supply liquidity to LPs on other DEXs to earn liquidity mining rewards. A portion of the DEX transaction fees is also earned.
It is also used for paying transaction fees across the network. Being a governance token, holders can vote and participate in the decisions relating to major changes in the DAO. The token’s value had an impressive growth of around 59.51% in the last 7 days.
The current price trajectory is bullish, which makes it a promising long-term investment for the years to come.
Buy YGG Token via Crypto.com Now
Your capital is at risk.
6. Sandbox (SAND)
The Sandbox is a decentralized play-to-earn gaming platform built on the Ethereum blockchain. The platform facilitates creating, building, buying and selling of digital assets across players. Thus, players across the globe get the chance to collaborate with other players and develop a strong gaming network.
These players can also contribute to the platform’s development and degradation. The platform uses three integrated products to provide a comprehensive gaming experience to the users, namely, VoxEdit, Marketplace, and Game Maker.
The VoxEdit is a tool used to create anime 3D gaming objects. The marketplace provides a platform for the users to trade their NFTs and game assets. The game maker allows anyone to build 3D games for free.
The two basic elements of the platform are LAND and ESTATE. The Land is a digital piece of property in the Sandbox metaverse. Every user needs to own a piece of LAND to create and play games on the platform. An ESTATE is a combination of multiple LANDS.
SAND is the basic utility and governance token of the platform. It is required to acquire assets, lands, play games, buy equipment, customize avatars, and more. It can be staked to earn rewards. Its holders can participate in Governance decisions on the platform.
It is currently trading at a price of $1.04 with a market cap of $1,312,050,180. In the last 1 week, it witnessed a rise of 19.66% in its value.
Your capital is at risk.
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FAQs
Which is the best gaming crypto?
The above list mentions some of the most trending cryptos of the current time. You can choose any of these to include in your portfolio. Since all these cryptos are differently priced, you can decide based on your finances.
Which is the best platform to buy gaming cryptos?
Which is the best platform to buy gaming cryptos? eToro is our top recommended platform to buy gaming cryptos for being a highly regulated platform. It has competitive trading fees and unique trading features. There are other trading platforms such as Binance and Coinbase, which can also be used if you are looking for advanced trading features.
Are gaming cryptos profitable?
Every crypto is subject to market volatility and risks. It is highly recommended to conduct thorough research before buying any crypto.
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