Play-to-Earn, NFTs and Co.: Top 5 Crypto Gaming Tokens

Non-fungible tokens (NFT) in combination with blockchain technology and cryptocurrencies create a new way to play and rethink conventional game models. Move away from free-to-play and pay-to-play to what is often referred to as play-to-earn games, where players own game items on the blockchain and receive rewards in the form of NFTs or cryptocurrencies for their achievements. able.

What has so far been largely received negatively by the gambling community – it is always a question of pure greed – can already flush a lot of money into the wallet of one or the other speculator.

Below we look at the five largest tokens by market capitalization in the play-to-earn sector.

Source: Play-to-Earn token by market cap, Source: www.cryptorank.io

1. Decentraland (MANA) – $1.52 billion

Decentraland is currently the undisputed number 1 in the crypto gaming sector and can best be described as the decentralized answer to the classic game Minecraft.

But unlike Minecraft, almost everything in Decentraland is an NFT. Players can buy, sell or farm digital land in Decentraland to create virtual casinos, museums or other things.

The MANA token is at the heart of Decentraland and functions both as a utility token (means of payment) and a governance token that allows holders to actively participate in the future development of Decentraland.

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2. The Sandbox (SAND) – $1.50 billion

When talking about crypto games, sandbox cannot be missing. The game is similar to Decentraland in many ways and is also known to many outside the cryptogaming scene, thanks in part to Snoop Dog and other celebrities who have discovered the virtual playground themselves.

As in Decentraland, users in Sandbox can buy digital land, construct buildings, create virtual services and trade freely with each other within the virtual world.

In addition, Sandbox scores particularly well with strong partnerships. In addition to Binance, rapper Snoop Doog, DJ Deadmau5, companies such as Samsung, ATARI, LG Technology Ventures, Adidas and recently also TV chef Gordon Ramsay are among the game’s partners.

Sandbox crypto game
Source: Partners of Sandbox, Source: www.sandbox.game

3. Axie Infinity (AXS) – $1.32 billion

Axie Infinity is one of the first and at the same time most successful play-to-earn games in the entire crypto space. Similar to the evergreen gaming Pokémon, Axie Infinity focuses on cute monsters that are bred, traded and sent into battle by players.

Unlike Pokémon, however, the little monsters (“Axies”) are immortalized on the Ethereum blockchain as non-fungible tokens according to the ERC-721 standard. This makes them truly unique compared to “normal” game characters or game items and cannot be replicated and changed at will.

Additionally, users can purchase virtual properties, train and evolve their pets (axes), and compete against each other to generate cryptocurrencies.

4th Gala (GALA) – $413.49 million

Gala Games is a platform where users can play a variety of crypto games. However, unlike gaming platforms such as Steam or Electronic Arts, all Gala Games games are based on blockchain technology.

Gala Game (GALA)
Source: app.gala.games

In addition, all games from Gala Games are free to play, with only two games out of a total of 12 scheduled games being playable. All other video games are still in development. Gala Games partners include AMC Networks, Opera, Ozys, Peter Molyneux, Will Wright and C2 Ventures.

The GALA token has several functions in the Gala Games gaming platform ecosystem. On the one hand, it acts as a means of payment for NFTs and as a reward for completing missions in the various Gala Games games. On the other hand, GALA can be bet, which gives the owners influence on the development of Gala Games.

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5. BinaryX (BNX) – $265.00 million

BinaryX is the project behind the CyberDragon play-to-earn game on the Binance Smart Chain (BSC). The game is a classic MMORPG (like World of Warcraft) that has integrated DeFi elements into the gameplay in addition to NFTs.

In CyberDragon, players can create characters, acquire rare equipment, and battle in dungeons. The goal is to defeat the cyber dragon, which is the final boss of the game. The game is currently in beta, but you can already get a glimpse of the game on Youtube and Twitter.

Also, similar to Axie Infinity, BinaryX’s game has a dual utility token system, where BNX is the governance token and GOLD and CRYSTAL are the two utility tokens used in the game’s economy.

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