Key Takeaways:
- Gaming tokens have gained rapid popularity in the crypto space in recent times.
- The top gaming tokens each have their own unique features and strong community support.
- Trade the gaming tokens listed below on the Crypto.com App and Exchange.
Introduction
In this article, we explore the top crypto gaming tokens to know in 2024. With their increasing popularity, these tokens have the potential to make a significant impact in the gaming industry as a whole. From unique features to strong community support, they offer the potential for growth and innovation in the crypto gaming space.
Immutable X (IMX)
Immutable X is Ethereum’s first Layer-2 scaling solution for non-fungible tokens (NFTs), offering immediate trading, scalability, and zero gas costs for minting and trading — all without jeopardising user or asset security. The IMX token is the Immutable X protocol’s native ERC-20 utility token, which users may earn by participating in pro-network activities like trading, and which can be used to pay fees, perform governance, or stake on the protocol.
Key Features
- First NFT Layer-2 scaling solution for Ethereum.
- Offers immediate trading, scalability, and zero gas costs for minting and trading.
- IMX token is the protocol’s native ERC-20 utility token in which users may earn, pay fees, perform governance, or stake on the protocol.
Axie Infinity (AXS)
Axie Infinity is a popular game based on NFTs where players collect, trade, and battle creatures called Axies. With its play-to-earn (P2E) model, players can earn AXS tokens by participating in various in-game activities and through user-generated content initiatives. AXS holders may earn prizes by staking their tokens, playing the game, and voting in critical governance decisions.
Key Features
- NFT-based game with collectible creatures.
- Play-to-earn (P2E) model with AXS tokens.
- Strong community support and active player base.
Gala (GALA)
Gala Games, a blockchain gaming platform, was launched in 2020 to create a gaming environment that gives its players complete ownership and control over their in-game assets. Gala (GALA) is a functional utility token that works as a medium of exchange amongst Gala Games ecosystem players. GALA is now based on the Ethereum blockchain and adheres to the ERC-20 standard.
Key Features
- Aims to give players complete ownership and control over their in-game assets.
- GALA is based on the Ethereum blockchain and adheres to the ERC-20 standard.
- GALA works as a medium of exchange amongst Gala Games ecosystem players.
MultiversX (EGLD)
MultiversX is a blockchain protocol that uses all aspects of sharding (network, transaction, and state). The smart contract execution platform describes itself as a technology ecosystem for the new internet, which includes decentralised finance (DeFi), real-world assets (RWAs), and the Metaverse. EGLD, or Electronic Gold, is MultiversX’s native token and acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators, where users pay transaction fees in EGLD and validators participate in the consensus process.
Key Features
- Smart contract execution platform that uses all aspects of sharding.
- Blockchain protocol caters to ‘the new internet’ (DeFi, RWAs, and the Metaverse).
- MultiversX’s native token, EGLD, acts as a store of value and serves as a medium of exchange between platform users and validators.
The Sandbox (SAND)
The Sandbox is a decentralised platform that allows players to create 3D game worlds and experiences using visual scripting tools. The native token, SAND, is used for in-game transactions, such as purchasing equipment and LAND — a digital piece of real estate in The Sandbox’s Metaverse.
Key Features
- Decentralised platform for creating 3D game worlds.
- Visual scripting tools for easy game development.
- SAND token used for in-game transactions, such as purchasing LAND.
Decentraland (MANA)
Decentraland is a decentralised virtual world built on the Ethereum blockchain, allowing players to own virtual land and create various experiences, such as games, art, and activities. With its native token, MANA, players can acquire virtual land and participate in the platform’s governance.
Key Features
- Decentralised virtual world with user-owned virtual plots of land.
- Built on the Ethereum blockchain.
- MANA token used for in-game transactions and governance.
Chiliz (CHZ)
Chiliz is a platform that uses blockchain technology to give the ultimate fan experience for sports and entertainment. It aims to provide fans with a new way to engage with sports teams and help sports enterprises monetise through tokens that let fans hold a stake in their team. The Chiliz (CHZ) token is an ERC-20 utility token on the Ethereum blockchain that serves as the digital currency for the platform, where fans can buy branded NFTs to show their support for their favourite athletes, teams, and entertainers.
Key Features
- Uses blockchain technology to provide fans with a new way to engage with sports teams.
- Chiliz token is an ERC-20 utility token that serves as the digital currency for the platform.
- Fans can buy branded NFTs to show their support for their favourite athletes, teams, and entertainers.
Illuvium (ILV)
Illuvium is an open-world role-playing game with elements of popular games like Final Fantasy and Pokémon. Players can hunt for NFT-based creatures called Illuvials and earn ILV tokens for winning competitions and tournaments.
Key Features
- Open-world role-playing game.
- NFT-based creatures called Illuvials.
- Play-to-earn (P2E) model with potential to earn ILV tokens.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a smart contract platform that gives gaming communities the required crypto-backed value and tools for implementing and managing virtual commodities. It is an Ethereum-based cryptocurrency used to directly back the value of blockchain assets created with the Enjin platform. ENJ is a tradeable ERC-20 token running on top of the Ethereum blockchain and has a specific use case within the Enjin ecosystem.
Key Features
- Smart contract platform provides tools for implementing and managing virtual commodities.
- Ethereum-based cryptocurrency used to directly back the value of blockchain assets created with the Enjin platform.
- ENJ is a tradeable ERC-20 token running on top of the Ethereum blockchain.
APEcoin (APE)
APEcoin is a decentralised cryptocurrency created within the Bored Ape Yacht Club (BAYC) ecosystem. As a governance and utility token, APE owners can vote on issues affecting the ecosystem, and the token can be used within the upcoming NFT-based game Dookey Dash.
Key Features
- Decentralised cryptocurrency linked to BAYC.
- Governance and utility token.
- APE will have utility in the upcoming NFT-based game Dookey Dash.
How to Buy Gaming Tokens With Crypto.com
To buy gaming tokens with Crypto.com, follow these simple steps:
- Download the Crypto.com App and create an account.
- Verify identity by providing the necessary information and documents.
- Fund account by depositing fiat currency or transferring cryptocurrency from another wallet.
- Search for desired gaming token(s) in the App.
- Select token(s) and click on ‘Buy’ to initiate the purchase.
Conclusion
These crypto gaming tokens — and many more — offer unique features, strong community support, and potential for growth in the world of crypto. As both the gaming industry and crypto continue to evolve and merge, much more innovation is ahead. Whether a casual gamer or an avid crypto enthusiast, these tokens represent some of the most exciting opportunities in the crypto gaming space today.
To start trading gaming tokens, download the Crypto.com App.
Due Diligence and Do Your Own Research
All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.
Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
