TL; DR Breakdown
- Crypto gaming has been on a steady rise. Today the sector accounts for more than $300m in revenue.
- The differentiation of the projects has seen some emerge tops in their offering. Their unique offering continues drawing gamers to them.
Crypto gaming is booming. Market statistics show that the sector produced a turnover exceeding $300 million in 2020. All indicators are that this figure will grow further.
Today what started as a fad is turning out to be a serious investment opportunity. And developers are outdoing one another in producing the next significant invention in that space.
In 2021 several crypto gaming projects stood a cut above the rest in terms of their offering. The following five continue to hog the top spots in the sector. Here’s why they keep doing so.
The game adopts a play-to-earn model and uses two kinds of cryptocurrencies. These are Axie Infinity Shards (AXS) and Smooth Love Portion (SLP).
AXS is both its governance and utility token. You earn AXS by playing the game, Staking your funds, plus voting on crucial decisions.
Axies are central components of this game. These are fearsome creatures that hunt and battle for treasure. You may acquire them from the marketplace or breed them using SLP.
The platform’s other significant feature is Axie Land which is a plot of virtual land. You can acquire land to develop rare virtual resources.
MetaWars is an RPG with a futuristic twist. This sci-fi game takes players through an immersive space adventure.
Its P2E model gives you the chance to monetize from the game’s war economy.
The game has three main features. First of these is the Exploration aspect. The second is Fleet Formation that enables you to customize your fleet ships and robots. Finally, it has a Combat bit.
Players can collaborate in discovering different galaxies. They can then revolutionize them by completing several missions. Additionally, they can collect NFTs from the various auctions.
MetaWars further enables your earning of WARS tokens through staking. WARS is MetaWar’s in-game purchases and governance token. It’s also the tool for customizing your gaming assets, thereby earning unique rewards.
A product of Pixowl Inc, Sandbox is a metaverse running on the ETH BC. It facilitates your owning, building, and monetizing of gaming experiences.
The platform’s utility token is known as SAND. You may use it for trading NFTs, staking, plus participating in its governance.
Sandbox offers you three products. These are VoxEdit, Marketplace, and Game Maker. VoxEdit is software that enables you to create voxel assets(NFTs).
You can then trade your collectibles on its marketplace. On its part, Game Maker is a 3D scripting tool. It’s a handy tool for integrating NFTs into your games.
Sandbox’s other key feature is LAND, a digital piece of real estate. You build experiences (assets and games) atop it. Several LAND creates an ESTATE.
Illuvium is an ETH-based RPG game that’s big on adventure. In the game, your journey through an extensive landscape hunting down Illuvials.
The platform supports two different digital assets. ETH is the currency of the in-game purchase, while Illuvium (ILV) token is its utility and revenue sharing token.
Illuvials are deities embodied in collectibles. They come in different forms and abilities. You can capture them for PVP battles or trade them for ILV tokens.
The game’s Immutable X integration is significant as it eliminates gas fees from trades. Users enjoy instant and gas-free transactions that guarantee the safety of their assets.
Besides gaming, you can earn ILV through staking. Holding ILV gives you voting rights on crucial platform decisions.
Gods Unchain is a leading free-to-play crypto gaming platform that blends NFT tech with traditional card trading aspects. The platform supports a native ERC-721 token, GODS.
You earn the cards in one of two ways. The first is winning a PVP contest, and the other is buying them from other players.
The game’s ranked mode pits you against opponents of equal ability. Moreover, every win earns you experience points.
Each complete experience meter pushes you a level higher and wins you new cards. You can trade these GOD token-backed cards either on the platform’s marketplace or the open market.
These five are a snippet of the exciting crypto gaming products available today. The sector has nothing but a bright future based on the innovations rolling off the production lines.