Isn’t it true that we’re all attempting to stay up with the latest trends? Especially when we’re talking about the crypto world.
The cryptocurrency world is constantly changing, and the most recent trend is gaming crypto blockchains. As the name suggests – this is the place where users can earn cryptocurrency by playing games. How cool is that?
In this blog article, we will dive deep into everything you need to know about gaming tokens.
Let’s get started!
What is blockchain gaming?
Blockchain gaming is a type of game that uses the same blockchain technology that underpins cryptocurrencies like Bitcoin and Ethereum to deliver actual item ownership.
This is a game-changing breakthrough for players who had previously accepted that their stuff would be stuck in games indefinitely.
In most games, players are used to wall gardens that prevent them from freely moving things in and out. Players can use blockchain gaming to authenticate the rarity of their items and send anything to anyone.
This new capacity is available without jumping through hoops or selling your entire account to move just one meager thing that the customer desires.
This allows for a new player-driven economy, where games don’t have to worry about new releases or dubious DLCs, and instead focus on creating tradable content that keeps players engaged. Everyone gains if they can extend their favorite games’ playtime while spending more money in-game.
As a result of their inventive features, blockchain games have grown in popularity.
They use the blockchain for a variety of purposes:
– Give gamers control over the game through their native governance tokens.
– Allow gamers to steer the game in the direction they see fit.
– Authorize gamers to take advantage of specific features within the game by holding onto the native cryptocurrency tokens available there.
Each native cryptocurrency token in each metaverse or game provides something unique. The difficulty that blockchain gaming overcomes is that you may convert your work into real money, regardless of how well you perform in the game. The more time you spend playing a game, the better your reward will be.
Each game has its own payment system and a gaming token that players can earn, mint, or obtain by doing particular actions within the game. After that, the tokens can be used in various ways in the game.
Use cases for gaming tokens
Tokens can be used for several different things, including:
– To improve or create weapons and armor within the game.
– To develop a new species with unique qualities, breed or mix different in-game creatures.
– To access exclusive in-game events, locations, or customization choices.
– They can be obtained by just playing the game and accomplishing missions or specific objectives.
The primary aim of these tokens, on the other hand, is to drive the in-game economy. Hence they all have monetary worth.
This not only piques their interest, but it also piques bitcoin investors’ interest. The more tokens you have and can earn in the game, the more money you can gain in the real world by selling these tokens on an exchange.
In any case, gaming tokens serve many purposes. The most important is to keep players involved in the game by letting them know that their time is being used to earn real-world money in the long term if that is their goal while playing.
How to get gaming tokens?
Gaming tokens can be obtained in a variety of ways:
Go to a cryptocurrency exchange or cryptocurrency brokerage that supports the token you want and purchase it with FIAT currencies or other cryptocurrency tokens if the exchange or brokerage supports it.
Play a game where you can acquire an in-game asset by playing it or completing specific actions within it.
To sum up, to buy gaming tokens:
Go to a cryptocurrency exchange or brokerage, link your credit card or cryptocurrency wallet, and buy or sell your existing cryptocurrency token for the gaming token.
Alternatively, simply play the game, learn everything you can, and figure out how to get the in-game token that fuels the entire ecosystem by merely playing and putting your time in it.
Both strategies will work, and the choice will come down to your personality and what matters most to you. If you have the time to devote to a game, “hunting” for these gaming tokens can be a fun and worthwhile experience, but purchasing them can be a better option if you don’t have the time.
What are the most popular gaming tokens in 2022?
The rise of the blockchain put an end to all previous play-to-play games and allowed all gamers globally to participate in play-to-earn (P2E) games.
But, with so many play-to-earn games available, how do we choose the right ones to increase our earnings?
Let’s go together through the top 5 gaming tokens in 2022.
These game tokens can be bought, sold, and exchanged by players. Users can also utilize these free and open marketplaces to buy and sell virtual parcels related to Decentraland.
Players can also use MANA to buy in-game items like avatar costumes and cast votes on future Decentraland advancements. A single MANA token represents one vote.
The Sandbox (SAND)
Players can use non-fungible tokens (NFTs) and $SAND to create, own, and monetize gaming experiences. The Sandbox Game Maker can include digital assets made by players as NFTs into games.
Axie Infinity (AXS)
Axie Infinity is a game inspired by Pokémon that allows players to buy, trade, and battle creatures called Axies. These Axies are non-fungible tokens (NFTs), and you must purchase a minimum of 3 to begin playing.
The fact that users can earn AXS gaming tokens for playing the game is why it is so popular. By playing, some players claim to be able to make hundreds to thousands of dollars in cryptocurrency each month.
ApeCoin is a new Ethereum coin based on the NFT project of the Bored Ape Yacht Club. Holders of Bored Ape NFT can get free tokens, and they can also be bought on exchanges.
Its purpose is to provide gamers with more control over their gaming experiences. NFTs (non-fungible tokens) are a type of token that allows Gala attendees to vote on new games and influence how they are run.
The GALA token can be used to buy these NFTs and in-game items. Gala One presently only has one playable game, Town Star, but more are in the works.
The year 2022 is a watershed moment for gaming tokens. Furthermore, developers from all over the world are working late to create exciting projects that will significantly help crypto enthusiasts and gamers.
The goal of building a vast gaming environment is becoming a reality. As businesses see the rising need, we will undoubtedly see a fascinating blockchain gaming arena emerge.