Crypto Gaming Explained: How To Buy Gaming Crypto Coins

What happens when you combine the powerful appeal of the gaming industry with blockchain technology, crypto coins, and NFTs? You get a new sector of blockchain games and crypto gaming coins worth millions of dollars.

Gaming coins you can buy

One of the reasons why we love the video game industry so much is because it allows us to escape our day-to-day realities and embrace worlds beyond our imagination.

Gaming platforms bring together people from all walks of life and corners of the world, joined with one common goal: to experience a web of interactive stories that allow us to be anyone, anything, or anywhere we desire to be.

What happens when you combine the powerful appeal of the gaming industry with blockchain technology, crypto coins, and NFTs? You get a new sector of blockchain games and crypto gaming coins worth millions of dollars.

Not only the volume of crypto games doubled in size this year, but also the crypto gaming companies raised $476 million just in the first half of last year. Now, that's a lot of cookies!

This extensive guide covers everything you need to know about play-to-earn crypto games, from where to find and how to buy crypto gaming coins to the best digital assets in the gaming sector and all the reasons why you should invest in these tokens.

If you're also interested in NFT in-game rewards, check out our separate article that teaches you how to buy NFTs easily. Some of the steps include getting a crypto wallet, using cryptocurrency exchanges to buy the digital currency you need, finding an NFT marketplace, and bidding for your first digital assets.

Put your reading glasses on and get ready to explore the hottest trends in the cryptocurrency space.

Tokens related to different blockchain platforms

Where to find crypto gaming coins

First things first, let's see where you can search for the latest and hottest game tokens of the moment. There are many channels you can browse when looking for in-depth information about the best gaming cryptocurrency:

Reddit

The Reddit platform is very popular among crypto gamers that want to know the latest trends and crypto news. It works as a social news website and forum where members curate and promote content via voting.

The crypto gaming industry has gained a lot of momentum on the platform, making it one of the best places to look for gaming crypto coins.

Youtube

Many people use Youtube as a reliable website where they can find educational content about games and the crypto world in general. Several crypto gaming YouTubers like On Chain Gaming or Classy Crypto Gaming offer accurate information and interesting ideas on gaming platforms and crypto coins.

Video game channels

Crypto news platforms

Another great place where you can find information about popular or emerging gaming crypto coins is on multiple news media platforms that are dedicated to the crypto sphere. News sites like CoinMarketCap, Crypto Daily, and Coin Telegraph should be on the favorites list of your internet browser, so you can quickly access them any time you want to research new gaming tokens.

Crypto Social Media influencers

Another great source of intel is the niched Social Media influencers with standing partnerships with different crypto projects.

They usually are early investors or testers of the gaming platforms, so they will have first-hand information about a particular crypto game and its native token.

Playing games in virtual reality

How to buy crypto gaming coins in 3 steps

So now you know where to go if you want to stay on top of the latest crypto gaming trends. Your next question probably is: " Okay, but how do I buy the gaming coin I want?"

Nothing easier! Just follow our easy steps, and your crypto wallet will be full of gaming tokens in no time:

Choose the digital assets you want to buy

It might sound redundant, but the first step to buying your gaming coins is deciding which ones you want. With so many options on the market, it can become a bit overwhelming to choose, but we will tackle this topic further down in this article.

We'll give you a list of crypto coins that most token holders are buying nowadays.

Pick the platform to make the purchase

You can buy cryptocurrency on multiple platforms, so do some research before you create an account. Look at the platform's level of security, liquidity, and reliability.

Buy your coins

Once you've chosen the crypto platform, check what you have to do to buy the tokens. Some platforms might be more user-friendly than others.

You can either purchase the gaming coins with a fiat currency like the U.S. dollar or the Euro, or you can make the purchase using other cryptos. You will need a cryptocurrency wallet that supports both the desired crypto gaming assets and the other coins.

Game coins from different games

What is the best gaming cryptocurrency?

Just one? You must be kidding with such an impossible question!

There are so many play-to-earn games and fantastic projects to watch out for that nominating just one coin as the top gaming cryptocurrency would simply not be fair.

Instead, we've compiled a list of multiple games and their native tokens that are a must for every crypto enthusiast ready to get his hands on some gaming coins:

  1. FTW token- Win.app's native token for play-to-earn games
  2. Enjin coin ENJ- Blockchain-based gaming coin used for in-game purchases
  3. Decentraland MANA- Token used in the Decentraland ecosystem
  4. Tamadoge TAMA- Part of the Doge ecosystem
  5. Battle Infinity IBAT- One of the best play-to-earn tokens
  6. Axie Infinity AXS- Popular play-to-earn gaming coin
  7. Gala Games GALA- Non-refundable utility token for Gala Games ecosystem
  8. Yield Guild Games YGG- Crypto coin pertaining to the Yield Guild Games DAO
  9. WAX token- Native token of the Worldwide Asset Exchange platform
  10. Lucky Block LBLOCK- New crypto gaming asset with various applications

This is just a quick review of some of the top gaming tokens on the market right now. We will take a closer look at each of them later.

FTW tokens from the Win ecosystem

Should you invest in gaming coins?

If you're still on the fence about investing your money in crypto gaming assets, here are our reasons why we think it's a great idea.

Of course, you should not take this article as investment advice and do your own research ( let's not forget DYOR is of the essence) before venturing into any kind of crypto investment.

Significant role in the Metaverse

This type of cryptocurrency is at the core of the Metaverse, enabling more and more game developers to create software development kits that allow games to enable blockchain features.

If we look at the Decentraland Metaverse, we can see how investors buy in the early stages based on the massive potential that blockchain games have to power virtual worlds. The video games sector can profit massively from blockchain-based trading of such tokens.

Joining the Metaverse virtual world

Attracting institutional investors

The widespread adoption of blockchain technology in games has led to many institutions interested in investing in the sector. The virtual reality platform Decentraland has attracted global-scale institutions like Portion, an NFT auction house and marketplace; JP Morgan, Samsung, and PriceWaterhouseCooper (PWC).

Institutional investors are leveraging the ever-increasing hype around NFTs and play-to-earn crypto rewards to dive deep into the growing decentralized economy.

Blockchain platform attracts institutional funding

Secure payments

Gamers can pay for in-game items using the platform's native tokens. Each native token powers the entire blockchain network and can be used for any transaction. You can pay transaction fees with it, trade it and earn rewards in the form of that coin.

Take the FTW token, for example. The cryptocurrency that powers the Win ecosystem can be bought, sold, traded, or earned via gameplay.

Secure payments in the Win ecosystem

In-game utility

Play-to-earn cryptocurrencies have more purposes than just the main one. Besides buying in-game assets, token holders can use the crypto as governance tokens, having the right to vote on the future of the network.

The AXS coin linked to the Axie Infinity battling game can also be utilized to vote on proposals on how the treasury funds should be used.

Win heroes voting on the future of the network

Gaming industry secrets - Gaming coins to watch

Time to take a closer look at some of the hottest tokens of the year and see what they're all about and if they have real-world value.

FTW token

FTW is a fungible ERC-20 utility token built on Ethereum and designed to be Win.app's native currency, enabling payments, rewards, governance rights, and more.

It allows gamers to engage with the ecosystem, join mobile eSports games and participate in tournaments with massive crypto rewards. You can use it, trade it, stake it, and earn it.

Win Hero finding FTW tokens

Enjin coin ENJ

Enjin allows game developers to issue in-game digital assets, NFTs, and other currencies. They are using the Ethereum-based ERC-1155 token standard.

Developers purchase this blockchain-based coin and mint it into blockchain in-game items, meaning other players receive the Enjin coin from buying items and obtaining them in games without purchasing them from cryptocurrency exchanges.

ENJ Enjin Coin

Source: https://beincrypto.com/learn/enjin-coin/

Decentraland MANA

Decentraland is a virtual world project structured as a decentralized autonomous organization (DAO), giving the users complete control over governance issues.

Players can create their own avatars and buy in-game real estate. MANA is the native token of the Decentraland ecosystem and one of the top gaming tokens by market capitalization.

Decentraland Metaverse

Copyright © Decentraland

Tamadoge TAMA

TAMA is part of the Doge ecosystem, an ERC-20 token that can be added to centralized exchanges. It allows players to earn rewards using in-game assets such as food and toys to grow and develop their pets. Gamers who take the best care of their pets will receive the highest rewards.

Tamadoge current price

Copyright © Tamadoge

Battle Infinity IBAT

Battle Infinity is a P2E fantasy game that encompasses several platforms: IBAT Premier league (a fantasy sports league), IBAT Battle Swap (a decentralized exchange), IBAT Battle Market (NFT marketplace), IBAT Battle Games (P2E platform), IBAT Battle Area (immersive Metaverse with upgradable avatars), and last but not least, IBAT Battle Stake (a staking platform with multiple ways to earn).

Users must buy IBAT to play on the platform, which they can later trade or sell. It also allows players to activate advertising on the billboards within the game and contribute to the global stake pool.

Battle Infinity IBAT

Copyright © Battle Infinity

Axie Infinity AXS

AXS is in the top best P2E cryptocurrencies by market capitalization, and it's used in the play-to-earn phenomenon, Axie Infinity. You can utilize AXS to purchase, trade, or sell the game's creatures.

The cryptocurrency also gives governance rights to its holders. With a current market cap of $1.4 billion, it's clear everyone wants a piece of the action.

Axie Infinity

Copyright © Axie Infinity

Gala Games GALA

Another top cryptocurrency by market cap is GALA, a utility token used to trade between the ecosystem's players.

GALA holders can influence the development of any game from the ecosystem and vote on which ones get featured on the network.

Gala ecosystem

Copyright © Gala Games

Yield Guild Games YGG

Yield Guild Games is a decentralized autonomous organization (DAO) that invests in virtual NFTs. It sells and rents NFTs that can be used in different P2E projects.

If you own Axie creatures, you can rent them through the platform and make profits when another user plays with them.

YGG

Copyright © YGG

WAX token

WAX is the native token of the Worldwide Asset Exchange platform – a blockchain-based exchange that helps users buy and sell virtual items (like in-game costumes and gear) globally.

The Wax cryptocurrency

Copyright © Wax

Lucky Block LBLOCK

LBLOCK is a new digital asset that facilitates Lucky Block blockchain transactions. It has many applications in the game industry, making it a hot commodity. Lucky Block aims to improve transparency and build trust among gamers during tournaments or weekly competitions.

Lucky Block

Copyright © Lucky Block

Final thoughts

We've reached the end of our article, and by now, you should be confident about what you have to do to buy the P2E cryptocurrencies you want. You know where to hear about them first, where and how to buy them, and what assets we believe are worth watching. Time to spend some money on blockchain games!


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