The world of cryptocurrency has exploded recently, with various digital currencies vying for attention and investment. Some of the many options available have stood out in the gaming industry.
Whether for use in online casinos, purchasing in-game items, or even as a reward for skilled players, these gaming-focused cryptocurrencies have made a splash in the gaming world. Additionally, this could be the perfect time to start since the Metaverse is expected to be a trillion-dollar gaming industry.
So continue reading as we explore some of the top crypto gaming tokens that could be a part of your portfolio in 2023. But first, let’s understand the concept in detail in the following section.
Gaming Cryptos: What Is This Digital Asset About?
Gaming cryptos are coins or tokens utilized exclusively within a gaming ecosystem or platform. They can be used to access premium content, make in-game purchases, or take part in other platform activities.
Players can purchase and sell some Gaming cryptos for other cryptocurrencies or fiat money by trading them on cryptocurrency exchanges. Having a more fluid and engaging gaming experience is one advantage of investing in gaming cryptos.
Gamers could use these tokens instead of conventional payment methods to receive prizes, make purchases, and engage with other players. In terms of investors, they could reap the profit of a growing token from a mere investment.
But before you start, it’s crucial to consider which gaming cryptos are worth watching as we advance to 2023.
Top Gaming Cryptos To Have In 2023
Axie infinity (AXS)
Starting our list of the top gaming tokens for 2023 is Axie Infinity. The game introduces a unique P2E concept where players can gather and fight against virtual creatures called Axies in the expanded Metaverse. Players can earn rewards by participating in the game’s “play to earn” system. In addition, the in-game utility token, AXS, can be used by players to purchase, sell, breed, and trade their Axies on the market.
Axie Infinity is working on integrating third-party applications and services into its platform, delivering new features like NFTs, and providing in-game products like weapons and armor. Axie Infinity is expected to rank among the top gaming crypto coins in 2023 thanks to its big user base and active developers who are always working on upgrades.
When discussing the new breed of game tokens, it’s hard to miss out on Decentraland. The virtual-real estate game is all about limitless possibilities that allow people to create, use, and make money from content and apps in a virtual world. Once signed up, players can purchase real estate in the virtual world using the platform’s cryptocurrency, MANA, and engage in other activities like trade.
The platform is also dedicated to expanding its user base beyond its current one million users by incorporating play-to-earn games, which are expected to drive the next phase of MANA’s price surge. In the coming year, Decentraland is expected to see a significant increase in its user base thanks to its incorporation of cutting-edge crypto technologies and its focus on expanding beyond its current user base.
Following AXS and MANA, we have Tamadoge, an innovative gaming experience around pet breeding. This is a great option to think about whether you’re a gamer looking to purchase and sell stuff in the Metaverse or an investor searching for a cryptocurrency with a finite supply. The doge ecosystem, which includes the cryptocurrency Tamadoge (TAMA), strives to benefit and reward its members, as 5% of every TAMA coin is burned when spent.
What’s more? Tamadoge has a declining supply as opposed to Dogecoin, which has an inflationary supply. The demand for TAMA is likely to rise due to this reduction in supply, which might raise the cost of the token. Additionally, the team at Tamadoge has developed their ERC-20 token for added functionality. Investors storing the tokens in their wallets can either stake them or purchase rewarding NFTs. Overall, TAMA is sure to be well-liked by many users because of its usefulness and incentives.
Lucky Block (LBLOCK)
Next, we have Lucky Block, one of the unique mergers between decentralization and gambling. Yes, you read it right, Lucky Block is a unique platform that aims to introduce transparency in one of the most notorious sectors, lottery tickets. The platform hosts multiple lotteries over its platform, allowing users to win big almost every day.
Sitting at the core of its transactions is the LBLOCK token, a unique ERC-20 token that streamlines transactions over the platform. The token is a fast seller, reaching $1 billion in market valuation in the first three weeks. So if you’re an investor, LBLOCK could be an excellent opportunity to make the most of crypto transactions.
Calvaria is a fascinating metaverse project fighting for the cryptocurrency community’s attention. In the P2E battle card game, located beyond the veil of death, you can duel, earn, and upgrade your cards to become the most potent opponent conceivable. In addition, players can participate in several tournaments on the platform using their fighting card NFTs—which represent a range of characters, each with their special abilities.
You can earn rewards and upgrades by using creative techniques to defeat opponents. Calvaria is managed by seasoned Blockchain and cryptocurrency professionals who have significantly contributed to several notable crypto projects. Investors can either leverage the token’s rising prices or convert their tokens into rare NFTs in the in-game marketplace.
Star Atlas (ATLAS)
Next, we have Star Atlas, a platform that introduces players to a virtual gaming environment where they can engage in multiplayer battles. It includes a variety of genres where players could experience a different role in each game. The primary game pillars are Deep Space Probes, Warfare Space Stations, and Vessel Construction. Recently, Star Atlas and the Sandbox collaborated to transform the interoperability of games between Ethereum and Solana.
ATLAS has marketed itself as one of the best gaming tokens in the market. Due to the unique Blockchain Star Atlas uses, transactions can be completed quickly and with little cost. The active development team, sizable user base, and cutting-edge features of Star Atlas will likely make it one of the most popular gaming cryptocurrency coins in 2023.
The Blockchain-based game platform STEPN has an open atmosphere, player-versus-player challenges, and unique awards (GMT). The platform’s money, known as GMT tokens, can be used to purchase in-game goods, access premium features, and bet for rewards. STEPN differentiates itself from the competition and allows users to earn coins by partaking in regular physical activity because of its particular emphasis on lifestyle and well-being.
With the rapidly growing Solana Blockchain integration, users can now access speed and scalability for their unmatched move-to-earn experience. Another benefit is that GameFi cryptos may be more secure and efficient than traditional payment methods. In addition, because they are based on Blockchain technology, they can be more resistant to fraud and facilitate faster and cheaper transactions.
Note: It’s important to understand that the value of GameFi cryptos can fluctuate, and they may be subject to the same risks as other cryptocurrencies.
Editor’s Pick: Some Takeaway Tokens
Being an investor, you need to be aware of the possible options that you have in hand. While gaming tokens are the trend, here are some exceptions that could be a part of your crypto portfolio in 2023.
Enjin Coin (ENJ)
Enjin, the company that produced this currency, offers software development tools. Developers can utilize the kits to create digital commodities for their Blockchain games, such as in-game money or one-of-a-kind items.
Players can utilize the wallet to maintain their inventory for games connected to the Enjin platform. Using Enjin Coin is a different way to purchase gaming currency. It has nothing to do with any specific Blockchain game.
The ERC20 utility and governance token APE regulates the Apecoin ecosystem. Right now, one of the leading crypto gaming coins was created to inspire and empower the decentralized community.
The Decentralized Autonomous Organization (DAO) that ApeCoin owners control governs the ecosystem and decides how it should be used. The DAO was created to promote cooperation among ApeCoin owners while also building and upholding the ecosystem openly and inclusively.
The native cryptocurrency of the Tron Blockchain network, TRON, combines strong scalability with tools that are convenient for developers and a thriving app ecosystem. So why TRX is preferred above other cryptocurrencies by game developers makes sense.
The Tron Blockchain can efficiently execute up to 2,000 transactions per second. As a result, it makes for an appealing platform for various decentralized applications, including gaming Apps.
In summary, using a gaming cryptocurrency provides a novel and cutting-edge approach for players to monetize their abilities and knowledge. Furthermore, it is an intriguing choice for players and game producers because it uses Blockchain technology to enable a secure and open transaction system.
Remember, one of the key benefits of the gaming crypto token is that it allows players to make money doing what they enjoy. So while you may not be an ardent gamer, investing in these gaming tokens could bear great returns in the long term.