As cryptocurrencies continue to become a worldwide phenomenon, various industries are looking for ways to incorporate this technology into their core services and products. The gaming space, in particular, has turned into a breeding ground for exciting crypto innovation.
A new approach to gaming interaction was born through blockchain’s decentralized nature, introducing the play-to-earn scheme. Gamers are being rewarded with in-game assets.
Crypto games are currently disrupting the traditional gaming market, and there has been a remarkable increase in the industry’s interest in cryptocurrencies. Among numerous newly launched blockchain-based games are the top 5 gaming cryptos that could make you a millionaire.
Enjin
Enjin is a decentralized gaming platform that focuses on creating player-owned digital items like non-fungible tokens, known as NFTs. They offer alternatives to establish tokens that can be utilized across different video games and platforms from mobile to PC.
Enjin non-fungible tokens enable players to have legitimate ownership of their game items. This enables them to trade their in-game assets with others, whether outside or inside of the game.
Enjin coin is powerful divisible crypto that backs the Enjin system. Forging blockchain-based assets like NFTs is the core utility of Enjin coin. Every token minted on their platform is infused with ENJ, and the amount of each asset may vary based on internal and external factors. Developers can instantly make commissions from these items as they get traded from player to player.
As the demand for NFTs continues growing, companies, influencers, and even hobbyists are fighting for the money and attention of pool collectors.
After the total quantity of non-fungible tokens scales over time, the demand will be overpowered by supply. ENJ has a finite resource immutably installed at 1 billion. Once they reached the fixed supply, no more supplies could be made. Hence, NFTs backed with ENJ guarantee the scarcity and value of your item.
Enjin takes centralized digital items that have been locked up and controlled in their own space, then given them real-world value. Have you heard of the multiverse where anyone can trade any item for another item? If Enjin could pull it off, they would be rewarded generously.
On the other hand, some risks go along with this gaming crypto, particularly adoption. Considering the fact that development companies want to make money, they might rather go for centralized systems rather than settling for decentralized gaming platforms like Enjin.
The use of NFTs is also a risk that needs some attention. While non-fungible tokens that are being used as gaming items seem to be exploding right now, there is still no guarantee that these NFTs will do well in the future.
Decentraland
Decentraland is a blockchain-based 3D world game governed by the decentralized autonomous organization (DAO). The game allows users to explore and create things like Minecraft. Unlike any other virtual world, the Decentraland world is split up into units of non-fungible tokens, which can be bought and sold. Decentraland is made up of 92,000 land units.
The community can be creating anything they want on the land they possess or just enjoy the mini attractions that are pre-built within the game. However, not just anyone can own land in the game because the land is expensive.
Aside from plots, users can also customize characters, buy the platform’s utilities and accessories through Decentraland’s currency mana.
One approach to making the most of this gaming platform is to utilize the land to create an NFT art museum and display your collection on the game to show them off or sell them. However, aside from land and NFTs, Decentraland offers mini-games, live events, and a community where users can socialize.
On the other side, it is worth noting that Decentraland has its own drawback too. This game that is only accessible to browsers is now transitioning to a desktop application which may affect their user base. Moreover, Decentraland’s interface and graphics are a bit outdated.
This project is in partnership with solid companies and has an active community. Although there are several good blockchain-based games in the market, Decentraland is surely among the top dogs.
Sandbox
Sandbox initially started as a community-driven sandbox art game but quickly rose to popularity after its beta launch. It is a video game involving buying pieces of virtual land and creating adventures and worlds where others can join in. Users can also access the level of other players and trade assets and items within the game marketplace.
Players can place every creation on the game’s virtual land known as LANDs, where they can establish interactive levels for other users to pay admission before playing them. The currency used for buying and selling lands is called $SAND.
The platform offers free software which can be used to personally design assets for the game and sell them within the game’s marketplace in the form of NFTs. This feature of the game gives an equal and golden opportunity for anyone to make money.
Sandbox has a simple Minecraft-inspired user interface. Anyone can easily understand how to navigate the game without difficulties. And since the game has its own cryptocurrency, they can quickly recover the investment they made by selling their in-game assets in the marketplace once they decide to leave the game.
Generally, Sandbox is designed to allow players and creators to enjoy designing crafts, play while earning, and trade without restrictions from central authorities. This increases the potential for higher earnings.
Quite a lot of people see a good future ahead of Sandbox as they are in partnership with famous names in the industry like Smurfs, Care Bears, The Walking Dead, and Atari.
Illuvium
Illuvium is a blockchain-based fantasy battle game publicized as the first-ever AAA game on Ethereum. They provide both sources of income and entertainment to use through their wide variety of collections and trading features.
The battle game is inspired by Pokemon, where players collect creatures. The Illuvium space is populated by creatures known as Illuvials, which can be obtained by players who beat them in battle. These Illuvials can be trained to become stronger and later become the player’s collection. Players can use them to fight during adventures to battle.
Unlike any other blockchain-based game, Illuvium features an entirely 3D environment with more than 100 unique creatures that are scattered in various regions. Every single Illuvial is designed by world-class professional artists who assure that they will appeal to gamers.
The game has a unique hallmark of a reward system where ILV rewards earned through production are locked in a specific period of time before stakers can actually withdraw them.
Unlocking the ILV rewards is possible if stakers turn it into an in-game-only secondary asset, called sILV. If stakers claim their rewards through sILV, they will receive the dollar equivalent of the sILV, which can be used to buy game items. However, sILV cannot be taken out of the game, and it doesn’t represent crypto assets.
Illuvium gives access to instant NFT trading with minimal fees.
Ultra
Ultra is used for a variety of services and products. It is comparable to Stream, only that it is a decentralized version. The platform aims to make blockchain-based games the norm.
Ultra’s target market is quite big, so there’s a bigger potential of making good bucks with it. However, some risks need heedful attention. For instance, unlike Stream that has famous games that back its credibility, Ultra has no popular game to back it up.
Hence, if someone comes up with a popular game and establishes a platform around it, most people within Ultra’s community are more likely to gravitate towards that new popular platform.
While there’s no guarantee that it would make you packs of money, Ultra is worth keeping an eye on.
