NFT or Non-Fungible Tokens have been making news since the last year due to their use cases and mind-blogging selling prices. NFTs are gaining even more traction now, especially because of NFT based games.
Yes, you heard it right: games!
NFT based play and earn games have successfully driven people into the crypto sphere. When you interact with these immersive games and level up, you gain gaming tokens that you can cash out for fiat currency in exchanges. It is similar to dividends you earn from stocks.
So here we bring you five gaming tokens to invest your time and money.
Top Gaming Tokens To Invest In
AXS and SLP
Both gaming tokens are associated with the project Axie Infinity. This crypto game tops our list as over $3.7 billion of assets is traded in the marketplace. Thus, making it one of the strong contenders for success. The creators modelled the game after Pokémon folklore, where each player has a unique NFT based pet called AXIE.
Smooth Love Potion or SLP is the crypto coin you earn while playing. The game rewards you SLP when you just fight and defeat your opponents.
However, only the top 200 players receive AXS as rewards each season. AXS or Axis Infinity Shards is the governance token used to make critical in-game decisions. You can stake the AXS to earn new AXS. Breeding AXIE also requires AXS tokens.
Last year, AXS jumped 18063%, making it one of the best cryptocurrencies to buy.
Sandbox is one of the oldest and most renowned names in the metaverse world. This play-to-earn game allows users to buy and sell lands.
You can even create your own game and publish it on your land. Sandbox uses the gaming token SAND, the primary cryptocurrency in this game.
You can use SAND to buy land, NFTs, build structures on your land. Moreover, there are many ways to earn SAND: renting out your lands, charging entrance fees for your published games and concerts, etc.
Even staking the token can give you handsome profits. The chances for earning in this project are unlimited.
The project Illuvium is an online RPG auto battler like the World of WarCraft but on the blockchain. The gaming token associated with this game is ILV, and players can earn it in various ways.
- By interacting with the game,
- By defeating their game, and
- By combining characters to create rare characters.
ILV is also used to help govern the project, where users cast their votes to help shape the path of the game. The developers based the voting power on the ILV someone holds. So, holding on to more ILV gives you higher decision-making power over others.
Illuvium is one of the fastest-growing metaverse projects, with over 10X growth since its inception. The game also holds tournaments where you can earn large amounts of ILV.
Decentraland, as the name suggests, is an entirely decentralized metaverse game. The sole purpose behind its creation was for creators to showcase their NFTs, hold concerts, and build an immersive shopping experience.
You can use MANA, the gaming coin of this metaverse, to buy parcels of land, which is very limited in supply. Thus, making the flipping of land a highly profitable venture.
MANA is an ERC-20 token that we can earn by leasing your land or running an advertisement. You can also buy and sell in-game NFTs in the marketplace using MANA. It is thus among the profitable crypto game tokens you would want in your portfolio.
Aavegotchi is a decentralized NFT game built on top of the Ethereum blockchain. Each character has a pixelated ghost appearance and has multiple personalities and appearances.
These characters are the playable assets that also act as DeFi networks. Thus, we can safely say that these characters have more usage than just playing the games. That is what makes holding GHST more beneficial than any other crypto token.
Users can earn GHST, the platform’s native token, by staking it in liquidity pools while gaining real-time interest from it. You can also earn GHST by selling rare Gotchis on the exchange.
The majority of holders of GHST are also positioned to earn high-end game items. We can further use them to evolve our Gotchis into rarer ones. Obviously, the rarer the Gotchis, the more price it fetches.
Cryptocurrency and blockchain-based applications are gaining new heights every day. Cryptocurrency is here to stay as new companies and institutions develop their own NFTs and blockchain-based services every day.
Along with that, play-and-earn games will be at the helm of this wave. These games will help new users understand the metaverse and the world of cryptocurrency while earning money out of it.
We have highlighted the five best cryptocurrencies for you to invest in. But there is a vast library of games available, which you can check out later.