Different NFT games and their pros and cons

Different NFT games and their pros and cons

Are you interested in investing in gaming coins? If you’re seeking for the greatest 2022 NFT games, you’ve come to the correct spot. We’ve listed the best gaming currencies with the most promising futures here.

The gaming business has achieved an all-time high globally, owing in part to the lockdowns and stay-at-home instructions stemming from the COVID-19 epidemic. The creation of a metaverse and immersive AR/VR game platforms for digital and crypto currencies. The possibilities presented by these platforms and metaverse are almost limitless – users may not only play games but also explore independently, build their own narrative arcs, purchase real estate, acquire collectibles, and battle monsters.

To achieve any of these things, though, you’ll need digital currency, which you may use to trade and acquire a digital collection or indulge in an exquisite experience. Thus, the heavenly marriage of the gaming sector with the blockchain network occurred, resulting in the birth of NFT games – coins and tokens – that have become game changers in the current crypto landscape.

Different NFT games and their pros and cons

What is All the Fuss About with Gaming Cryptocurrencies?

CryptoKitties was almost certainly the first cryptocurrency NFT games ever created. However, the gaming industry has made tremendous strides since its inception and use, and is now embracing blockchain technology to offer really unique experiences.

Decentralized finance has become one of the most discussed topics in the whole cryptocurrency industry, and its marriage with cutting-edge video games has resulted in something dubbed ‘GameFi.’ Within this realm, individuals may participate in virtual gaming metaverses, gain digital collectibles, and become certified owners and collectors of a variety of digital items scattered around various gaming metaverses.

Given that you’ll need in-game currency to carry out any or all of the aforementioned behaviors in the gaming metaverses, what better form to have than cryptocurrencies? Yes, cryptocurrencies may be credited for facilitating the design, development, and operation of these gaming metaverses like a well-oiled machine. Both cryptocurrencies and game metaverses are still in their infancy, and as a result, there is much potential for future uses.

In 2021, gaming currencies and tokens have already become heavily discussed buzzwords, with blockchain gaming businesses generating over US$ 476 million in the first half of the year alone.

Without further ado, let’s take a look at some of the most fascinating gaming cryptocurrency projects set to launch in 2022 that you may include in your portfolio to make significant returns.

Different NFT games and their pros and cons

Five of the Best Gaming Cryptocurrencies to Watch in 2022

If you’re considering investing in NFT games and their associated cryptocurrencies, consider the following.

MANA For Decentraland: The Best Gaming Cryptocurrency to Invest In For Long-Term Growth

Decentraland is a fantastic crypto NFT games startup to keep an eye on in 2022. Players may acquire LAND areas on the virtual reality platform and use them anyway they choose. It is based on the Ethereum blockchain network.

Individuals may purchase plots in the Decentraland crypto gaming project to farm, build structures, play games, implement digital tourism, or produce art. Additionally, gamers have complete flexibility to pick specialized portions of the platform, dubbed Districts, that are centered on a particular theme, such as SteamPunk or CyberPunk.

MANA is Decentraland’s native token, which is used to conduct transactions on the platform, including the purchase of LAND.

 Pros: 

  • The Security Advisory Board (SAB) is responsible for Decentraland’s community governance.
  • MANA enables the sale and acquisition of LAND as well as the auctioning of NFTs on the system.

Cons: 

  • A scarcity of fascinating and intriguing information that may entice people and compel them to participate; 
  • A dearth of diversity in the landscape of Decentraland.
Different NFT games and their pros and cons

The Sandbox: A High-Profitable 2022 Crypto Gaming Token Project

The Sandbox is a well-known decentralized platform that enables users to design their own 3D game environments and digital assets and then build on top of them. The crypto gaming platform does this via the use of several visual scripting tools and enables players to keep their assets and collectibles on LAND — the platform’s virtual real estate.

The Sandbox has teamed with Atari to construct virtual theme parks with the use of limited-edition LAND. There are only 166,464 LAND plots available, yet thousands of NFT games worlds are generated daily on the Sandbox, and so plot prices often exceed US$ 50,000!

US$, on the other hand, is not used to fuel in-game transactions. Individuals may purchase LAND and other digital assets with SAND, the Sandbox’s native coin.

Pros: 

  • Simple decentralized protocol with a focused ‘Marketplace’ for buying, selling, and trading assets, goods, and services. 
  • The platform includes cutting-edge NFT games creation materials and tools such as VoxEdit and Game Maker.
  • The protocol’s authentication technique is unclear, and nodes that process data are not compensated.
  • Extremely infancy project with a plan that will not be completed until 2023.
Different NFT games and their pros and cons

AXS For Axie Infinity: Axie Infinity Is A Hot Project in The Crypto Gaming Industry

Axie Infinity is one of the largest and most popular cryptocurrency games. It allows users to buy, acquire, combat, and trade creatures known as Axies, which are Non-Fungible Tokens (NFTs), with a minimum of three required to compete. In some ways, this game is akin to the mythical Pokemon Go, which provides players with a unique real-time gaming experience.

Axie Infinity is also one of the first peer-to-peer gaming systems, with gamers earning AXS gaming tokens as they play. Some gamers claim to make thousands of dollars every day in AXS gaming tokens, propelling the stock price of one particular game from US$ 0.54 at the start of 2021 to approximately US$ 80 as of January 8, 2022.

Pros: 

  • It is powered by Ethereum-based blockchain tokens – AXSs and SLPs – which are convertible to Ether and provide financial advantages. 
  • Axie Infinity is a play-to-earn blockchain environment that operates smoothly on desktop and mobile operating systems.

Cons: 

  • The quantity of AXSs that gamers may acquire and earn while competing on the platform is limited. 
  • The enormous initial investment in the gaming project is a deterrent for the majority of fans.

Enjin Coin: A Blockchain-Based Gaming Platform

Enjin Coin is another one-of-a-kind gaming cryptocurrency platform that provides developers with software development kits for creating in-game collectibles, currencies, and other digital assets that can be used across numerous NFT games platforms.

While developing digital assets for blockchain NFT games with Enjin Currencies, developers must secure these coins using a ‘Smart Contract’ that assures the gaming cryptocurrency’s real-world value. Additionally, they must utilize the Enjin Wallet to store their Enjin Coins and related goods in order to construct Enjin-connected NFT games.

Pros

  • Enjin’s native wallet facilitates smooth trading of cryptocurrencies and NFTs. 
  • Enjin’s ‘Beam’ helps enterprises to expand their customer base and keep them holistically.

Con

  • The Enjin wallet is not sufficiently vetted and is not open-source.

Comments are closed.