Non-fungible token (NFT) gaming coins are tokens you earn from playing blockchain play-to-earn games. In this article, we’ll be talking about the five hottest NFT gaming tokens in the metaverse right now. These games might be based on a virtual world but they are making millions of real dollars. And their in-game tokens are making their holders quite rich too, thanks to a massive marketwide rally.
So, what are these tokens? Without further ado, here they are!
Axie Infinity Shards (AXS)
Even if you’re new to crypto gaming, you must definitely have heard of Axie Infinity. This crypto metaverse game is rallying like crazy and might just be racking in a billion dollars in revenue. That’s how profitable this game has become.
The game is inspired by popular games like Tamagotchi and Pokemon. So, if you loved these games in web2, consider Axie Infinity the upgraded web3 version of these games.
In Axie Infinity, you get to collect monsters known as Axies. You can then breed, raise, battle, or even trade them if you want. Each Axie is an NFT, which means that you have true ownership of each Axie you collect and breed unlike what you have in Pokemon and Tamagotchi.
According to statistics, Axie Infinity has about two million monthly active players. Most players are found in developing nations, the Philippines to be precise, where players are earning their monthly wages’ worth just from playing this game.
And as a pioneer in the industry, the success of Axie Infinity seems to be an indicator that the play-to-earn niche will take over the mainstream economy soon.
To begin the game, you’d need to purchase three Axies first. So, you’re looking at an upfront fee of about $400, which depending on your financial situation might or might not be affordable.
Luckily, some innovation around the niche has led to the development of gaming guilds. These guilds offer scholarship opportunities for players by paying for them to start and then taking a percentage of the revenue made by the players.
The Axie Infinity ecosystem uses a governance token called the Axie Infinity Shards or AXS. You also have the Smooth Love Potion (SLP) which is the in-game currency of the Axie Infinity gaming metaverse. This is what you’d need to collect your Axies.
GALA
Where Axie Infinity is like Tamagotchi and Pokemon 2.0, Gala is more like a platform that supports a range of blockchain games and rewards players in the form of GALA tokens for playing these games.
The Gala team prides itself in creating blockchain games that you’d actually want to play. And each of the games offered on the platform is entirely player-owned and controlled.
Think of Gala Games like the Steam store or GOG. Currently, the platform, which was launched in 2020, is working on five different games, which are:
Mirandus: An RPG game where you can battle monsters, build land, and earn revenue.
Spider Tank: A MOBA game where you get to battle other players using spider tanks and other armaments.
Town Star: For lovers of building and development. You can compete with players from all over the world and earn rewards in NFTs.
Fortified: If you love PvP, this game allows you to put your strategies to the test in a tower defense game.
Echoes of Empire: This will appeal strongly to lovers of SciFi. Resources are scarce in this empire so players will have to fight one another for rights over the resources.
Right now, the platform has about 1.3 million active users worldwide. The platform also has its own utility token, known simply as GALA, and is used for purchasing items, facilitating peer-to-peer payments, rewarding nodes, and more.
Speaking of nodes, you can contribute to the system by running a Gala node. To do that, you simply buy a license, and then you get to run a node software from your computer. For your efforts, you’ll get paid some GALA tokens as well as some super rare NFTs.
As mentioned earlier, there are five games currently in development, although Town Star is already in beta. 1.3 million users had been waiting in line to get in on these games. So, demand for the GALA token looks like it is going to surge in the near future.
Enjin
Enjin is a decentralized platform that allows users to create digital assets on Ethereum and incorporate them into games and apps. And the platform does this through the use of software development kits, called SDKs.
The utility token of the Enjin platform is the Enjin coin. With this token, users will be able to store and manage their in-game assets as well as trade NFTs.
Besides that, developers on the Enjin network can issue their custom tokens and other unique items backed by the Enjin Coin. You can even stake your Enjin coins on a couple of exchanges for a chance to earn interest in it.
There are a couple of games that use the Enjin coin currently.
Space Misfits: A 3D low-poly space Sandbox MMO.
9Lives Arena: You could be a Barbarian, Gladiator, Viking, Ancient Atlantean, or Samurai. Choose your favorite character and get to battle for a chance to win huge rewards.
The Six Dragons: It’s an open-world RPG with three character classes (warrior, mage, and cleric), and epic fights.
War of Crypta: This is a PvP multiplayer game where you select heroes and battle against other players for power.
Nestables: In this one, gamers collect, breed, and trade unique 3D cubes. They also get to design and decorate nests for these cubes that they collect.
As of now, the Enjin Coin sells for about $1.27, with a circulating supply of about one billion and a trading volume of a little over $50 million. Altogether, this platform has about 20 million registered gamers.
SAND
The Sandbox is a blockchain gaming metaverse where users can create, buy, and sell digital assets.
What the creators of The Sandbox are trying to do is create a decentralized platform for play-to-earn games where both gamers and creators can get rewarded. To facilitate transactions on the platform, the Sandbox makes use of a utility token, called SAND.
What makes The Sandbox truly stand out is the fact that it focuses primarily on user-generated content. This creates a metaverse where players are equally invested in growing the ecosystem and making it truly successful.
Players get to share their opinions and make decisions about what direction the project goes through the use of the SAND token. Naturally, the more SAND tokens a holder has, the more of a say they have in the ecosystem.
Currently, the Sandbox is rallying hard. The project was able to raise close to a hundred million recently in the second round of funding, led by SoftBank. This windfall led to a 60% surge for the token and the project has been growing stronger since then.
As of now, the Sandbox has over half a million users with 166,464 pieces of land and about 12,000 unique virtual land owners. Some of the most prominent names who own land in the Sandbox include Binance, the Winklevoss twins, South China Morning Post, and more.
The platform has also partnered with close to 200 brands including Snoop Dogg, The Walking Dead, The Smurfs, and many others.
MANA from Decentraland
Decentraland is a virtual reality platform on the Ethereum network. Users get to purchase land and then create whatever they want on the land they purchase. You can then go on to monetize whatever you build and make some revenue.
Decentraland is quite identical to the real world as we know it. Adjacent plots cluster together to form estates. And communities revolving around the same theme cluster together to form districts. So, on Decentraland, you will find art districts, crypto districts, sports districts, and so on.
Decentraland Mana runs on MANA, which is the in-world token of the metaverse. You can use this token to buy plots of land and pay for other in-world assets.
At first, land used to be sold for 1000 MANA. However, now that there’s a secondary market, land on Decentraland has gotten a tad bit expensive. The cheapest currently sells for about 12,000 MANA.
The platform was launched in 2017 and since then, it has generated about $1.4 billion dollars.
Explore blockchain experiences and earn NFT gaming coins
The crypto metaverse gaming niche is blowing up like crazy, and some experts project that this industry might be worth a trillion dollars in a very short time. The best part is this industry is still very much in its early innings. So, there’s a lot more this space has to give.
If you want to make the most of the progress in crypto gaming, you might want to try earning NFT gaming coins as much as you can. Of course, it’s no fun when the gameplay itself isn’t that rewarding or challenging. But, thanks to our creative blockchain game developers, you could explore the games we mentioned above and have the most satisfying quests.
Now you know the five hottest NFT gaming coins in the metaverse and how you can get started. With Facebook’s entry into the metaverse and Vitalik Buterin’s vision for replicating real-world cities in the metaverse, 2022 and beyond looks promising for the industry.
So, what’s your play going to be? Feel free to share in the comment section.
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