Gaming has undergone significant changes since its inception. One of the most recent changes involves integrating advanced Blockchain technology and bringing into gaming different crypto coins and projects.
Most Popular Gaming Crypto Coins & Projects of 2023
Gaming crypto coins and projects have gained many people’s interest. Last year, Blockchain gaming generated about $4.6 billion in revenue, which is expected to rise to about $65.7 billion by 2027. Many projects are being created, and the following are the most popular gaming crypto coins and projects of 2023.
Axie Infinity (AXS)
Axie infinity is one of the earliest gaming crypto platforms that allows players to trade, collect, and battle the game’s non-fungible tokens (NFTs) creatures, known as Axie. Axie can be in different forms, with over 500 body parts available. It currently has a utility token, AXS, worth about $8.61 and a market capitalization of approximately $1 billion. This gaming crypto was inspired by Pokemon Go and attracted most people’s attention in 2021, as players can earn AXS tokens for completing challenges and quests in the virtual space. Players can also use these tokens to buy armor and weaponries to enjoy their gaming and beat others. Axie is fun to play, and the minimum number of AXS tokens you need to buy is 3 to start playing.
Enjin Coin (ENJ)
Enjin is a Blockchain-based gaming platform where different games can be played on it. It offers software development kits that allow developers to manage and create virtual objects, such as in-game currencies or other special items, and integrate them into their existing Blockchain applications and games. This project also has a native wallet that allows crypto and NFTs trading. It also has a native token, ENJ, worth $0.39 and a market cap of $385 million. Gamers can also use this token to buy virtual items and other services to enjoy their gaming.
The Sandbox (SAND)
The Sandbox is one of the most popular Blockchain-based virtual gaming platforms, with a large ecosystem comprising gamers, investors, and developers. It allows players to create their virtual 3D gaming world without coding knowledge, share, and creatively play to earn. The gaming crypto platform has its native token, SAND, with a $0.65 value and a market cap of $975 million. Players can use SAND to buy in-game items and other services, such as equipment and LAND. LAND is the place where players store their assets and games. The maximum limit of LAND that can exist in this game is 166,464.
ApeCoin (APE)
ApeCoin is one of the most popular gaming crypto in 2023, designed for game trading and transactions. It reshapes gaming crypto culture through NFTs. It was developed by Yuga Labs inside the Bored Ape Yacht Club (BAYC) ecosystem and was launched in March 2022. Due to its dynamic development team, variable features, fast transaction time, and low transaction fee, it has amassed a large user base. The ApeCoin token, APE, currently has a worth of $4.06 and a market cap of $1.5 billion.
Decentraland (MANA)
Decentraland is a 3D virtual reality platform enabling the interacting, sharing, and monetizing of content between artists and creators. According to the market cap, it is the most significant metaverse crypto gaming coins platform. It is built on the Ethereum Blockchain and has a native token, MANA, used for facilitating transactions, such as LAND policies voting, virtual real estate acquisition (LAND), and reward earning between individuals on the platform. Players can use the NFT-minted LAND bought in Decentraland for games, artwork, digital tourism, and other activities. MANA is worth $0.5998 and has a market cap of approximately $1.1 billion.
Gala Games (GALA)
Gala games are mainly designed to allow players to control their games, due to the decentralized and transparent gaming experience it offers, unlike the traditional platforms. It is built on the Ethereum Blockchain network, allowing players to have their in-game assets through NFT technology and the crypto rewards they earn while playing. Gamers also have governance decision benefits due to the crypto they possess on this platform and can play games they like. The native crypto asset of the Gala games is GALA, with a price of $0.04147 and a $289 million market cap.
Illuvium (ILV)
Illuvium is a decentralized gaming crypto where gamers track NFTs creatures, known as Illuvials, and store them in their wallet. This is done repeatedly until the player wins the competition or tournament to earn Illuvium tokens as a reward. This gaming project has high-quality graphics that can allow players to enjoy immersive metaverse crypto gaming and advanced narrative experiences at every step of the game. The Illuvium gaming platform is built on the Ethereum Immutable XL2 network protocol for Ethereum NFTs. This protocol gives Illuvium project the advantage of no gas fees, instant confirmation, and high levels of scalability. Illuvium has a token known as ILV, with a value of $67.1 and a market cap of $158 million.