The GameFi sector has opened up a new variety of investment opportunities in the actively emerging Play-to-Earn infrastructure.
However, the emergence of numerous crypto projects makes it difficult to select the most promising GameFi projects worthy of your attention.
Gamefi Crypto tokens are vital because they can be used for NFT trading, rewarding players for in-game activity, and serving as a project management tool.
The value of in-game tokens rises in tandem with the game’s development and user base. We have gathered a collection of the best gameFi crypto tokens in high demand among players and investors.
Check out the list below but before then, let’s check what GameFi tokens are.
What Exactly Are GameFi Crypto Tokens?
GameFi is an abbreviation for two words: game and finance, and it simply refers to the financial liberalization of video games. Players in these blockchain games can earn rewards in cryptocurrencies and non-fungible tokens.
GameFi tokens now essentially serve as the in-game cryptocurrency used to earn projects. The best GameFi Crypto tokens will have different use cases depending on your game.
The best GameFi Crypto tokens can be used to purchase in-game assets like characters, weapons, crops, and other tools.
Gamers can also use it to gain access to virtual locations, contests, and tournaments in-game and participate in GameFi platforms’ management.
This GameFi token can be obtained by completing game challenges or goals.
GameFi Crypto Tokens: What You Need to Know?
NFT and GameFi is two technology fields vying for dominance in the blockchain industry, with one dough inextricably linked to the other. GameFi crypto tokens assist creators in monetizing their digital content while also ensuring copyright.
GameFi combines Decentralized Finance (DeFi) and Gaming, using a Play-to-Earn model rather than a Play-to-Win model. Players can profit by enhancing their characters.
Another benefit is that ordinary players maintain their funds rather than the companies. Even if a server fails, all tokens and NFTs will remain in users’ wallets. So GameFi is more than just entertainment; it can also be a source of income.
5 Best Gamefi Crypto Tokens You Should Invest
1. Axies Infinity
AXS has shown tremendous growth as one of the best GameFi crypto tokens in the blockchain market. Axies Infinity is one of the best games for earning money because it is inspired by Pokemon and allows players to buy, trade, and battle Axies.
These Axies take the form of NFTs, each with its own set of characteristics and rarity. Axie Infinity metaverse governance token, $AXS, adheres to the ERC-20 standard.
Holders can earn $AXS by playing a game, staking, voting on critical decisions, and purchasing or selling NFT in-game content. You can build and upgrade characters and fight in the arena against other players.
Aside from using AXS tokens to make in-game purchases, Gamers can also exchange these GameFi coins for fiat currency via cryptocurrency exchanges. It means you don’t even have to play Axie Infinity to benefit from the profitability of AXS tokens.
2. Enjin Coin
Enjin Coin is one of the best GameFi crypto tokens regarding future growth potential. The company that created this cryptocurrency provides integrated products that make creating and launching NFT projects easier.
Enjin coin is an ecosystem that facilitates the incorporation of NFT and GameFi elements into apps. The platform includes a comprehensive set of developer tools that do not require extensive technical knowledge to integrate.
A developer only needs to provide insight into a future app, connect the wallet, and create their collection assets in minutes.
Developers can use the Enjin platform to access software development kits, game plugins, cryptocurrency wallets, and payment solutions. To earn digital assets with Enjin, you must lock tokens into a smart contract.
Enjin is thus directly used to back the value of non-fungible tokens created within the Enjin ecosystem. Due to its versatility and functionality, this cryptocurrency is one of the best tokens to invest in.
3. SAND Tokens
A $SAND token is regarded as one of the most valuable gameFi tokens. With $SAND, you can buy and sell assets and land plots on the platform’s built-in marketplace, the foundation for all transactions and interactions.
The SAND digital coin powers the Sandbox ecosystem. Within this network, the GameFi coin serves several purposes.
To begin with, SAND tokens can be used to make in-game purchases of LAND NFTs and other digital items.
Furthermore, those who stake their SAND tokens are eligible to participate in the governance of The Sandbox network. The platform is top-rated and continues to attract new users daily.
4. GALA Tokens
Gala is a blockchain-based cryptocurrency gaming platform where users can earn GALA tokens for completing challenges and reaching other milestones.
You can also use GALA coins to buy in-game NFTs as a player. Gamers can exchange GALA tokens for other cryptocurrencies or fiat money outside the gaming ecosystem.
The Gala business model is also distinctive. This cryptocurrency game aims to allow its players to become assertive partners and participate in decision-making.
The Gala network’s player community has a say in the developed types of games.
These best GameFi Crypto tokens have experienced significant volatility. Despite this, this crypto project has potential and could be a valuable addition to your portfolio.
5. ApeCoin Token
The ApeCoin token serves both utility and governance functions in the BAYC ecosystem. ApeCoin is the governance token of the Bored Ape Yacht Club, one of the market’s leading NFT projects.
This collection includes 9,999 NFTs that illustrate visuals of Apes with distinctive traits. Those who purchase these BAYC NFTs will be able to claim Ape Tokens for free.
However, it is worth noting that a single BAYC NFT can cost hundreds of thousands of dollars. You can also use this GameFi collection token to transact or gain access to the exclusive events hosted by the BAYC platform.
Aside from that, you can exchange GameFi tokens for fiat currency through third-party exchanges.
Are These Best GameFi Tokens Good To Buy?
By 2025, the blockchain gaming industry will be worth more than $50 billion. And, crucially, GameFi tokens power this crypto gaming economy.
Due to the exponential growth of this emerging market, GameFi coins may see significant potential growth.
Although GameFi crypto tokens are still in their early stages, many of these projects lack a track record. Gamefi tokens are volatile, another essential factor to consider before investing.
Blockchain and crypto technologies can be hard to grasp for newcomers to the industry. The rapid growth of the GameFi market is outstanding, and it is expected to continue in the coming years.
GameFi platforms are an appealing investment sector due to the ability to own in-game assets and earn cryptocurrencies.
On the other hand, games are something that everyone understands and enjoys. They are still in development, but best gameFi tokens are already in high demand, and active players can make a lot of money on such projects.
This guide highlights some of the best GameFi Crypto tokens that are impossible to overlook as an asset.