on the crypto
Gaming Blockchain, also known as GameFi, has skyrocketed in 2021. This is partly due to an increase in play-to-earn games, and partly because technology has evolved to power better games.
The concept of playing to earn was introduced by Axie Infinity (AXS), which grew over 17.000% last year as millions of users logged on to breed, fight and complete missions in this virtual world. Axie may or may not be able to hold its top spot in 2022. Regardless, it's good to put a few other gaming cryptocurrencies on your watch list, as blockchain gaming looks set to grow.
1. Gala Games (GALA)
Gala Games' price hit an all-time high in November, jumping around 550% in just one month. It has since dropped and has now risen by nearly 100% over the past six months. The platform prides itself on making "games you actually want to play" and currently has various games in development.
At the moment, Town Star, a game where people compete to build the best city, is the only one that's ready to play. The seven games in development include a survival shooter game called Last Expedition, an intergalactic strategy game called Echoes of Empire, and a tower defense game called Fortified.
2.Star Atlas (ATLAS)
We made a distinction between metaverse tokens that are virtual world-focused and game tokens that are game-focused. But there's a lot of crossover between the two. For example, Star Atlas is both a metaverse and a game token.
Built on the Solana network (quotation SOL), Star Atlas uses two game tokens, ATLAS and POLIS. Players sign up for one of three fractions in a future universe. Together, they can build, mine, explore and trade. It is a fantasy RPG with great graphics.
3. Yield Guild Games (YGG)
One of the daunting things about a game like Axie Infinity is that you need to have three non-fungible Axie (NFT) tokens to participate. This was one thing when the cheapest Axie was $ 10. But at the peak of Axie's popularity, they cost more than $ 200. You should have spent at least $ 600 just to get started. And it's not just Axie; there are various games in which you have to pay to participate.
In-game guilds allow people who don't want to spend that much money to sign up and borrow the items they need. The guild buys goods in various games and lends them to members. Members can then play using those resources and pay the guild a portion of the game earnings. There are a lot of these guilds out there, but Yield Guild is one of the most established. They are an interesting facet of the play-to-earn gaming industry.
4. Immutable X (IMX)
NFTs are the building blocks of blockchain gaming. Think of them as a form of digital ownership - whether it's for a piece of land, a suit for your avatar, or a game item like a sword.
Many NFTs are built on Ethereum (ETH), but with gasoline taxes of up to $ 100, the NFT business can get expensive. One way around this is to use a layer 2 - something that sits on top of the existing blockchain to improve its performance. Immutable X is an NFT focused layer 2 solution that works with Ethereum. It promises zero gas taxes and the creation of zero-carbon NFTs.
5. Enjin (ENJ)
Enjin is all about NFTs. It makes it easy to create, buy, sell and hold NFTs. In terms of gaming, Enjin allows people to create NFTs that can be swapped between games. This is one of the exciting aspects of blockchain gaming: before, you could spend hours playing a game but the points or items you earned would be worthless when you stopped playing. Now, blockchain gaming allows people to sell those assets or transfer them to other games.