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Which crypto coins are most used for gaming purposes?
In the beginning there was Bitcoin. This was the pioneering cryptocurrency, although there were many critics at the time who thought it would pioneer straight into a black hole. Surely nothing could replace fiat currency – and certainly not an untested, volatile and fully digital decentralized token.
Only Bitcoin took off and, above all, it brought with it 13,217 other cryptocurrencies. There’s no doubt you’ve heard of it. Some of the most popular include Ethereum, Dogecoin, Solana, USDT, just to name a few. Some have very specific purposes, others were created just for fun – we’re talking about you, Dogecoin – and some have been used to completely rewrite certain industries.
Speaking of industry changers, it would have been hard to imagine in 2009 that there would eventually be something called a Bitcoin casino. In 2024, however, bitcoin casino sites are thriving, allowing players to use crypto tokens to play everything from poker, roulette, blackjack and more. And beyond the iGaming industry, cryptocurrency has also found its way into the gaming industry.
Through the Ethereum network, in particular, crypto games has become incredibly popular, with a number of fully decentralized crypto games. The games themselves revolve around what’s called the “play to earn” model. This is where you play and progress, completing levels and missions, and are then rewarded with in-game currency as a reward for your efforts. Imagine getting paid to play the new Baldur’s Gate 3: that’s it, only without any top-notch game developers… for now.
Best Crypto Gaming Coins
With these games in mind, what are the most popular crypto tokens used in games today? Well, that depends on the game itself. Dencentraland, for example, is one of the most popular crypto games on the market right now. It is based on the amazing Ethereum blockchain, which essentially acts as the world’s real estate agent. Similar to how a new construction property would be modeled, it allows people to purchase virtual land with their cryptocurrency, then develop the land and sell it for a profit, just as you would in real life.
The token itself is MANA and is usually used for in-game transactions. As much as it seems like this coin is flying, it hasn’t spread its wings yet: as of this writing, it’s sitting at $0.49. In terms of cryptocurrencies, they are still in their early stages and have yet to mature, but they are by far one of the most established gaming cryptocurrencies on the market at the moment.
Another top game on the market is known as Axie Infinity, which, oddly enough, was inspired by one of the the biggest gaming franchises: Pokémon. In the same way as the popular Nintendo classic, this game allows players to own, trade and even fight their creatures with each other. The coin used in this case is AXS, another Ethereum token that may not perform as well as MANA, but is still on the rise.
Conclusion
To summarize, gaming tokens are much more popular than you would expect, so much so that many mainstream games are starting to implement them. Of course, we just said that both AXS and MANA aren’t exactly flying, but the crypto gaming space is still in its infancy. As more and more crypto casinos appear and more games begin to implement crypto tokens – and more support is given to the future development of metaverse games – their value is only set to increase. This also applies to less popular gaming coins at the moment, such as IMX, FLOKI, GALA and BEAM, which all have low value, but huge potential to do well in the future. As always, we just have to keep playing and find out!
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