Top 5 Gaming Cryptocurrency to Watch Out for in 2022
In the past few years, cryptocurrency has exploded onto the scene, becoming a big part of the gaming landscape. It’s no longer just about buying cryptocurrencies like Bitcoin and Ethereum for speculative purposes; gamers can earn crypto by playing games or contributing to open-source games with their own time, skills, ideas, and art.
There are loads of different cryptocurrency gaming projects out there right now, a particular stand out is ethereum price aud. The following cryptocurrencies are worth keeping an eye on as they will likely gain traction in the months and years to come.
Gala Games (GALA)
Gala Games is a new blockchain game development studio. It is a blockchain-based game studio focusing on creating games that use NFTs. The company is backed by Binance, the world’s largest cryptocurrency exchange and a major investor in the industry. Gala’s first game is called Town Star, a casual farming and town-building game similar to FarmVille.
In addition to being backed by Binance, Gala Games is also supported by some of the most prominent venture capitalists and angel investors in the cryptocurrency space, such as Mike Novogratz of Galaxy Digital. GALA was designed to be used as the native cryptocurrency of Gala Games’ ecosystem. The token is used for purchasing items and services within games, staking rewards, and gaining access to premium content and services.
Star Atlas is an upcoming space-themed MMORPG with tokenized in-game items and resources. While many games have tokenized their digital items, Star Atlas is one of the only games using blockchain technology for building and creating content within the game itself.
The game allows players to build their spaceships and explore the galaxy, trade resources and engage in space battles with other players. The Atlas tokens can be staked to earn validator rewards or delegated to community-elected validators for voting rights in governance decisions. Players will even vote on which features are added to Star Atlas.
Yield Guild Games
Yield Guild Games is a new video game publisher looking to make a name for itself in the blockchain gaming space. Yield Guild Games is an NFT-oriented crypto gaming platform that focuses on leveraging blockchain technology to enable players to monetize their time spent playing games.
The studio aims to create “play-to-earn” games that reward players with real cryptocurrency while they play, rather than offering them an alternative currency. The guild invests in rare items and sells them for cash at a higher price when the game developer or publisher no longer sells them. The company allows players to earn YGG, its native cryptocurrency, by playing games in the ecosystem
Immutable X (IMX)
One of the most promising gaming cryptocurrencies is Immutable X. This project is an Ethereum Layer 2 decentralized asset exchange for non-fungible tokens (NFTs). The platform has been designed to offer near-instantaneous transactions with low gas fees, critical for gamers. It will be able to provide users with increased security and scalability.
Enjin (ENJ)
Enjin (ENJ) is another project that may gain popularity. This token can be used to create and distribute various NFTs, such as blockchain-based game assets. Enjin boasts a wide user base due to its Enjin Wallet and other products, making it an interesting play for game developers looking to break into the blockchain scene.
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