The GameFi industry has opened up a new spectrum of investment opportunities. The emergence of countless gaming crypto projects can make it difficult to choose one or two of the most promising GameFi projects to invest in.
With this in mind, this guide looks at the best GameFi crypto tokens to consider in 2022.
The best GameFi crypto tokens to buy in 2022
Based on our market research, we found that these 12 GameFi crypto tokens are the top coins to invest in. Today:
- Tamadoge – Overall Best GameFi Crypto Token To Buy In 2022
- Battle Infinity – GameFi Token With Growth Potential
- Lucky Block – Top GameFi Crypto Token Project
- Axie Infinity – Best Game To Earn GameFi Platform
- Enjin Coin : The GameFi Token Used to Mint NFTs
- The Sandbox – High Potential GameFi Crypto Project
- Illuvium – Play to Win an RPG with GameFi Token
- Decentraland – The Best GameFi Crypto Token for the
- Gala – GameFi Platform powered by GALA Coins
- ApeCoin – GameFi Token backed by the popular NFT
- Immutable X project – Crypto Token powering the NFT
- Yield Guild Games protocol – C rypto Platform for Ren ting NFT
You will find reviews of the best GameFi crypto tokens in the sections below to help you decide which of the above projects is worth considering.
A Closer Look at the Top GameFi Coins to Invest
The best GameFi crypto tokens are often associated with popular games to win games.
Below, we look at the top 12 GameFi coins to consider participating in 2022.
Tamadoge – Overall, the best GameFi crypto token to buy in 2022
Tamadoge is a new crypto game to play and win that includes its own native token, Tamadoge ( SIZE). In Tamadoge, players mint NFT virtual pets and then care for them as they grow to adulthood. Once the pets reach adulthood, players can fight each other. Winning players move up the game’s leaderboards and earn TAMA as a reward for their efforts.
The exciting thing about the Tamadoge game is that each NFT pet is unique. Additionally, the decisions players make about how to care for their virtual pet as it grows affect the pet’s final stats, strengths, and weaknesses. Notably, players can mint an unlimited number of randomly generated NFT pets in Tamadoge.
The TAMA coin is at the heart of this game. It is not only given as a reward to winning players, but is also used to purchase new NFTs as well as in-game upgrades and accessories. The TAMA supply is capped at 2 billion coins and 5% of each in-game transaction is burned. So as more people join Tamadoge and buy NFTs, the supply of this currency decreases and its potential value skyrockets.
Another thing we like about this GameFi coin is that there are no taxes or royalties when you buy and sell TAMA. The game makes money from in-game transactions, putting no barriers to the Tamadoge ecosystem.
TAMA is currently available for pre-order through the Tamadoge website. Look for the coin to be listed on major exchanges later this year when the first NFT pets are minted.
Battle Infinity: GameFi token with growth potential
We recommend Battle Infinity as the best overall GameFi Battle Infinity Token to buy in 2022. As users are looking to find the best GameFi projects that combine Play to Win (P2E) features with blockchain. technology, Battle Infinity is an upcoming platform that offers multiple features.
The Battle Infinity platform is a decentralized project that gives users access to the Battle Arena, its metaverse-based platform. With Battle Arena, players and creators have the opportunity to compete with others in a virtual environment to earn crypto tokens, staking benefits, and NFTs.
At the core of the Battle Infinity ecosystem is IBAT, the project’s utility token. For example, users exchange IBATs to get NFT passes to participate in the P2E game: IBAT Premier League. This game is a decentralized NFT sports fantasy league, where users can create their own strategic teams and compete for IBAT rewards.
As investors look for multiple ways to earn income from cryptocurrencies, Battle Infinity also offers opportunities for participation. For example, single bet is a feature where users can bet IBAT to get high APY. Another option is duo staking, where investors can stake any crypto token against the IBAT token to earn interest.
Additionally, Battle Infinity offers Battle Swap, a decentralized exchange where users can trade multiple cryptocurrencies by accessing a global liquidity pool. Other features include the IBAT Battle Market, where all assets are tokenized into smart contracts for NFTs. Therefore, Battle Infinity is trying to revolutionize the gaming industry by mixing monetization opportunities in the metaverse.
While the IBAT presale sold out in just 24 days, raising 16,500 BNB, it will soon be available on PancakeSwap. Interested users can access the Battle Infinity Telegram Group to learn more about the platform and stay up to date with the project.
Lucky Block – Top GameFi Crypto Project Token
Lucky Block is an upcoming crypto game running on Binance Smart Chain. This global platform has become an NFT competition platform that allows you to participate by purchasing NFTs and having the opportunity to win sweepstakes and rewards every day. The Lucky Block ecosystem is backed by GameFi’s crypto token, LBLOCK.
LBLOCK was launched in January 2022 and is now available to purchase on cryptocurrency exchanges. Those who wish to enter the Lucky Block prize draw will first need to purchase tickets with LBLOCK coins. Furthermore, LBLOCK coin holders can also connect their wallets to the Lucky Block platform and claim a free ticket every day.
LBLOCK coins were initially priced at $0.00015 and have since reached highs of $0.009. This means that early Lucky Block buyers saw their investment grow by nearly 6,000%, in just 30 days. However, the price of LBLOCK tokens has since dropped, making it one of the most undervalued cryptos to buy right now.
In addition, the Lucky Block project has positioned itself as one of the best games to win this year. Backed by blockchain technology, this platform ensures the legitimacy, fairness, and randomness of all of its giveaways. Funds for the raffle are raised from ticket sales, and according to the public blockchain address, the pool is already valued at more than $2 million.
If you have LBLOCK tokens and connect your wallet to the platform, you are also eligible to receive rewards in proportion to the number of coins you have. In addition to this, you can also purchase a Lucky Block NFT to receive other incentives, such as a lifetime entry to a daily raffle.
Axie Infinity – Best Gaming Platform to Earn GameFi
If you consider the most popular crypto games on the market right now, Axie Infinity is right up there with the best. This game to win was inspired by Pokémon and allows players to buy, trade, and battle creatures called Axies. These Axies come in the form of NFTs, with their own unique traits and rarity.
Axie Infinity rose to fame during the COVID-19 pandemic when people started spending time playing crypto games as a way to generate passive income. The main draw of Axie Infinity is that you can earn AXS tokens by completing in-game challenges. As one of the best GameFi crypto tokens, AXS has shown incredible growth in the blockchain market.
Since its launch in late 2020, the value of this GameFi Coin has increased by nearly 20,000%. In addition to using AXS tokens to make in-game purchases, you can also exchange these GameFi coins for fiat currency through crypto exchanges. This means you don’t even need to play Axie Infinity to benefit from the growth of AXS tokens.
Enjin Coin – The GameFi token used to mint NFTs
Enjin Coin is one of the best GameFi crypto tokens in terms of growth potential in the coming years. The company behind this cryptocurrency offers a suite of integrated products that make it easy to create and launch NFT projects. In this way, Enjin plays a key role in the GameFi ecosystem and the growth of the NFT sector.
The Enjin platform provides developers with access to software development kits, game plugins, crypto wallets, and payment solutions. When using Enjin to obtain digital assets, you must lock tokens in a smart contract. In this way, Enjin is used to directly support the value of non-fungible tokens created within the Enjin ecosystem.
At the time of its launch in 2018, Enjin Coin was priced at $0.017. In four years, the price of Enjin Coin has risen to over $1 per token, translating to a profit of over 5,500%. The versatility and functionality of this cryptocurrency makes it one of the best utility tokens to invest in right now.
The Sandbox: High Potential GameFi Crypto Project
Sandbox was first launched as a mobile game in 2012. Over time, this game to win has become one of the most popular platforms on the GameFi market. Within The Sandbox metaverse, you can own parcels of virtual land and create your own experiences.
The Sandbox ecosystem is powered by its native digital currency, SAND. GameFi Coin has different functions within this network. First, you can use SAND tokens to make in-game purchases of LAND NFTs and other digital items.
In addition to this, those who stake their SAND tokens are also eligible to assist in the governance of The Sandbox network. The Sandbox metaverse has amassed a long list of celebrity endorsements, including partnerships with Snoop Dogg and investments from Justin Timberlake, Katy Perry, Will Smith, and more.
In other words, the platform is very popular and continues to attract more users every day.
Illuvium – Play to Win RPG with GameFi Token
Illuvium is one of many new NFT projects to launch in 2022. This RPG is built on two different layers of the blockchain, Ethereum and Immutable X. This integration helps improve scalability and performance. of this gaming platform.
As with other crypto games and NFT games, Illuvium has launched its own native token to power its ecosystem. It combines NFT, a virtual world, and other in-game experiences to engage users. It has NFT creatures called Illuvial; however, unlike Axie Infinity, this game will be in 3D and will feature a story mode.
Also, if you sign up as a member early, Illuvium also gives you exclusive access to rare NFTs. Due to these unique features, Illuvial is one of the most anticipated games of this year. If the game lives up to its expectations, the value of the Illuvium GameFi Coin could also increase in the future.
Decentraland – GameFi’s Best Crypto Token for Long-Term Growth
Decentraland is another crypto game where you can buy and sell virtual land and property. This platform has many similarities with The Sandbox, in the sense that both games allow you to create virtual experiences and monetize them. However, in Decentraland, you must have MANA tokens to buy plots of land.
In addition to this, Decentraland users can also create structures on their virtual land, play games, have shop windows or implement digital tourism. And more importantly, MANA tokens function as the central currency within this ecosystem, facilitating all kinds of transactions. Furthermore, this ERC-20 token also serves as the government currency for Decentraland.
That said, Decentraland has also experienced some volatility in the last 12 months. Although the price of MANA tokens reached an all-time high of around $5 in November 2021, their value has since decreased. However, this coin has seen around 5,500% growth in value since its launch in 2018.
Gala – GameFi platform powered by GALA Coins
Gala is a blockchain-based crypto gaming platform that allows users to earn GALA tokens for completing challenges and achieving other milestones. As a player, you can also use GALA Coins to purchase NFTs in the game. Outside of this gaming ecosystem, it is possible to exchange GALA tokens for other cryptocurrencies or fiat money.
Gala is also unique in its business model. This crypto game aims to allow its players to become proactive partners and participate in the decision-making process. In fact, the gaming community has something to say about the kind of games they would like to see created on the Gala network.
GALA saw its price skyrocket to its all-time high of around $0.70 in November 2021. However, since then, this GameFi crypto coin has seen a lot of volatility. Despite this, this crypto project demonstrates a lot of room for growth and could be a valuable addition to your portfolio.
ApeCoin – GameFi token backed by popular NFT project
ApeCoin is the governance token of one of the leading NFT projects in the market, the Bored Ape Yacht Club. This collection features a selection of 9,999 NFTs, representing images of apes with unique attributes. Those who purchase these NFTs from BAYC have the option to claim Ape Tokens for free.
However, it is worth noting that a single BAYC NFT can cost you hundreds of thousands of dollars. So, if you don’t want to invest in an NFT, you can also buy ApeCoin through popular cryptocurrency exchanges like eToro. The ApeCoin token is designed for both utility and governance purposes in the BAYC ecosystem.
Those who own ApeCoins receive voting rights in the BAYC network. You will also be able to use this GameFi collection token to make purchases or access exclusive events organized by the BAYC platform. In addition to all this, you can also exchange these GameFi Coins for fiat currency through third-party exchanges.
Immutable X: Cryptographic token that powers the NFT protocol
To understand the role of Immutable X, one must first understand the shortcomings of Ethereum. While most NFTs are based on the Ethereum blockchain, this network has some limitations when it comes to scalability, speed, and fees. Immutable X serves as a layer 2 scaling solution for NFTs on Ethereum and aims to solve these issues.
This platform offers instant trade confirmation and low gas fees for minting and trading NFTs. More importantly, Immutable X makes this easy without compromising asset security. Given the role of NFTs in the GameFi space, it is easy to see why Immutable X has become one of the best crypto projects for high growth potential.
Its native token, IMX, serves as both a utility and governance currency within this ecosystem. The GameFi token is used to incentivize users on Immutable X and also to pay for transactions. Also, those who have IMX coins can earn rewards by staking.
Yield Guild Games – Crypto Platform for NFT Leasing
The final option on our GameFi Top 10 Crypto Tokens list is Yield Guide Games, also known as YGG. This is a decentralized platform that gives you access to NFTs used in different crypto games such as The Sandbox and Decentraland. In other words, you can use this market to rent NFTs instead of having to buy them.
In addition, it is also possible to lend and sell NFTs to other users through this platform. For example, if you have Axies, the NFT creatures from the Axie Infinity game, you can sell or rent them to other players through YGG. As with most GameFi projects, those who own YGG tokens gain rights to participate in the governance of this platform.
The platform was inspired by the demand for GameFi and NFT collections in the Philippines. During the pandemic, games like Axie Infinity had become the main source of income for many gamers in the country. The launch of Yield Guild Game helped gamers start their GameFi journey without having to make a significant investment.
What are GameFi Crypto Tokens?
The term GameFi is an amalgamation of two words: game and finance. In simple terms, it refers to the financialization of video games. Put another way, these blockchain games allow players to earn incentives in terms of cryptocurrencies and non-fungible tokens.
Now, GameFi tokens essentially function as the in-game cryptocurrency for earning projects. Depending on the specific game you choose, the best GameFi coins will also have different use cases.
You can use the best GameFi crypto tokens to:
- Buy in-game assets such as characters, weapons, crops, and other tools
- Gain access to in-game contests, tournaments, and virtual locations
- Participate in the governance of GameFi platforms
These coins can be purchased completing challenges or objectives within a game. Alternatively, you will also be able to buy the best GameFi crypto tokens through popular cryptocurrency exchanges like eToro.
Are GameFi Cryptos a Good Investment?
The blockchain gaming sector is estimated to be worth over $50 billion by 2025. And more importantly, this crypto gaming economy is powered by GameFi tokens.
Given the popularity of this emerging industry, GameFi Coins could benefit from substantial growth in the future.
That said, GameFi crypto tokens are still relatively new and as such many of these projects do not have an established history.
Also, Gamefi tokens are volatile by nature, which is another important factor to consider before making an investment.
With this in mind, let’s consider what makes GameFi cryptocurrencies a good investment.
As we noted earlier, GameFi crypto tokens play an important role in the blockchain industry.
These games to win give players the opportunity to earn cryptocurrency as a reward for completing tasks and other challenges.
- To get ahead in gaming, users must also make NFT purchases.
- These purchases are made using GameFi tokens.
- For example, to participate in the Lucky Block prize draw, you need LBLOCK tokens to buy entry tickets.
- One critical advantage, however, is that you can get raffle rewards regardless of whether or not you win.
- All you need to do is connect your wallet and you will receive rewards in proportion to the number of LBLOCK tokens you have.
In other words, those who have GameFi crypto coins can earn regular income without even having to play the game.
Also, if the crypto game in question becomes popular, the price of the associated GameFi token could rise as well, giving you another opportunity to increase the value of your investment.
Digital Asset Ownership
Unlike traditional gaming models, crypto gaming gives its users full control of their assets.
That is, if you purchase or earn GameFi Coins by completing challenges, you retain ownership of these tokens. This also applies to any other NFTs you earn from the game to win games.
And thanks to this provable property, you can monetize the best GameFi crypto tokens in different ways.
- You can use your GameFi collection token to buy in-game assets and sell them to other players.
- It is also possible to sell these in-game assets on secondary NFT markets or even hold an auction for them.
- You can also choose to exchange your GameFi token on a cryptocurrency exchange or exchange them for fiat currencies.
As you can see, while GameFi crypto tokens are closely associated with their respective platforms, they can also be used to earn money outside of their native ecosystem.
Applications in the DeFi sector games
that are based on blockchain technology also allow you to take advantage of DeFi functionalities.
For example, some GameFi projects support features like cryptocurrency staking, yield farming, and liquidity mining.
These DeFi features allow you to lock your GameFi collection token on a decentralized platform and earn additional rewards.
In addition to this, depending on the chosen project, owning GameFi tokens will also entitle you to participate in the network governance process.
- As we noted above, Decentraland is a GameFi project that supports staking.
- Furthermore, by staking MANA tokens, you also receive voting rights on the platform.
- The more MANA tokens you bet, the higher your voting power will be.
- Similarly, you can also stake YGG tokens to unlock exclusive content on the Yield Guild Games Discord channel and to earn additional rewards.
This gives you the opportunity to communicate and interact directly with the developers of a gaming platform and influence the development and roadmap of the project.
All that said, whether you can profit from these aspects of GameFi will ultimately depend on the crypto project you choose to invest in.
So make sure you understand who is behind the project and the risks involved before investing any money.
Where to Buy GameFi Crypto Tokens
If you are looking to invest in the best GameFi crypto tokens, the easiest way is to use a crypto broker or exchange that supports your preferred coins.
However, the question often comes down to which is the best altcoin exchange you can use to buy GameFi crypto tokens.
What you want is a secure platform that gives you access to a wide range of cryptocurrencies without paying high fees. And we find that eToro perfectly fits this description.
eToro – Best Online Broker to Buy GameFi Crypto Tokens
With over 25 million customers worldwide, eToro is one of the most popular online brokers today. Launched in 2007, this platform presents you with a simple and user-friendly interface to make investments. eToro supports over 70 cryptocurrencies including some of the best GameFi crypto tokens such as MANA, SAND, AXS and more.
Also, eToro charges a flat fee of only 1% when you buy cryptocurrencies. You do not have to pay any deposit fee when you fund your US dollar account. eToro is also flexible when it comes to payment methods and accepts deposits via bank transfers, debit/credit cards and e-wallets.
And interestingly enough, eToro also comes with a crypto wallet feature. This means that you can leave your crypto on eToro for the long term, without having to worry about the security of your tokens. Plus, this also makes it easy for you to track the performance of your GameFi crypto tokens, directly from your brokerage account.
If you are new to the crypto space, you can also take advantage of eToro’s innovative copy trading tools. This feature allows you to choose an experienced investor on eToro and copy their trades into your own portfolio, like for like. There is also a handy demo account that you can use to shorten the learning curve.
Above all, eToro is one of the few crypto brokers that is regulated on multiple fronts: by the SEC, FINRA, FCA, CySEC, and ASIC. You can also use this platform to invest in NFT stocks, ETFs, commodities and the forex market. And if you choose eToro to buy shares, you don’t have to pay any commission.
To get started, create an eToro account; all you need is $10 to buy GameFi tokens at industry leading rates.
The rapid development of the GameFi sector is impressive, and this trend will continue for years to come. The ability to own in-game assets and earn cryptocurrency makes GameFi platforms an attractive investment sector.
Our guide points out some of the best GameFi crypto tokens to consider right now. The list includes popular gaming currencies like MANA, SAND, and AXS, as well as digital tokens like Enjin and Immutable X, which facilitate the growth of NFT platforms.
From our research, we found Tamadoge to be the best overall GameFi crypto token to invest in right now.