The cryptocurrency industry has had a strong connection to the gaming industry for years, but that connection is currently more profound than ever, fueled further by the development of metaverse technology. Previously, there was a handful of crypto games, with the gambling dApps being the most dominant product that the two industries managed to create together.
Metaverse disrupted this by bringing actual games that offer a number of benefits, such as owning in-game items in the form of NFTs, or using the P2E (Play To Earn) model to reward users for playing the games with actual money in the form of cryptocurrency. Blockchain games bring transparency and security, and they are becoming better and better, with more features being added all the time.
Now, if you are interested in investing in some of them, or even if you simply wish to start playing them, here is our list of the top 7 crypto gaming projects for you to check out.
1. Decentral Games
The first on our list is Decentral Games, which is a platform that builds free, play-to-earn games in the metaverse that allows users full economic freedom through aligned incentives, delegation of yield-bearing assets, and self-custody. The project’s metaverse-based poker game, for example, known as ICE Poker, generates revenue for the DG Treasury using NFT mints, activations, secondary sale royalties, and upgrades.
Furthermore, the platform has its own token, DG, which acts as a governance token that governs the Decentral Game Treasury. Users can also stake DG, and staked tokens allocate votes on DG Treasury allocation and economic policy in order to help the project’s ecosystem grow and become stronger.
In order to participate in the project’s games, players will need to own at least one ICE NFT Wearable, which they can do through purchase or delegation. Once they become owners of the NFT, they will get a certain amount of Chips with which the poker game can be played.
To learn more visit our Investing in Decentral Games guide.
2. Axie Infinity
Next up, we have Axie Infinity, which is currently the largest metaverse game in the entire industry. The game has grown to be very popular very quickly, and it features creatures known as Axies, each of which comes in the form of an NFT. By owning the Axies, players gain access to a vast digital world where they can encounter and battle other players.
By winning these battles, players receive rewards in the project’s native token, AXS. They can improve their odds by upgrading their creatures with over 500 body parts in order to give them special abilities and advantages in different terrains. Players can also breed Axies in order to create new ones, which can then be trained and used for battle, or sold on NFT markets.
To learn more visit our Investing in Axie Infinity guide.
In the third spot, we have Illuvium, Ethereum’s largest AAA game, which is an open-world fantasy battle game. The game allows users to enter the world of Illuvium, which is inhabited by creatures called Illuvials. They can then capture these creatures by besting them in battle, and after they restore the creatures’ health, Illuvials will become a part of their collection.
This is a Pokemon-inspired game that is a mix of open-world exploration and PVP. It features fully 3D environments, and there is over 100 unique Illuvials scattered in various regions, where each was designed by a team of world-class artists.
Given the popularity of Pokemon over the last several decades, we expect that this game will also see a large number of users heading its way.
To learn more visit our Investing in Illuvium guide.
4. Mines of Dalarnia
Moving on, we have Mines of Dalarnia. This is a game that exploded recently after its launch on the project’s mainnet, as it finally opened its doors to players from all over the world. The game is similar to Minecraft, which has grown to be one of the biggest games of the last decade. It has two types of users — landowners and miners. Landowners buy LAND, which is just as the name suggests — a digital plot of land represented by NFTs.
Miners, on the other hand, are users who rent LAND from landowners, and then mine it in search of rare and valuable resources like minerals, relics, and alike. Once they find it, they can use these materials to upgrade their gear, in order to become more efficient, or sell it on the market. Obviously, by upgrading their equipment and becoming more efficient first, they will be more productive at mining and they will find more valuable things to sell later, which is a common strategy for most players.
In the end, it is a popular game, and there is no secret why, so we have great expectations from this game too.
To learn more visit our Investing in Mines of Dalarnia guide.
In the fifth spot, we have a game called MyNeighborAlice, which is a game inspired by another popular title from traditional gaming called Animal Crossing. Basically, users purchase an NFT created by the project which gives them their own digital island. They can then look for resources all across the island, build various items, meet new people, participate in contests, and more.
This is a great game for blockchain beginners to use for entering the world of crypto gaming, as it was designed in a way where players never get in direct contact with the blockchain. All purchases are done through an in-game character called Alice, which makes things significantly easier for the newcomers.
To learn more visit our Investing in MyNeighborAlice guide.
6. UFO Gaming
Nearing the end of our list, we have UFO Gaming, which is a decentralized gaming platform featuring DeFi, NFTs, and P2E elements. It is a platform meant to house multiple games, with the first one being Super Galactic, which is an RPG/arcade action game, featuring its own NFT collection, and an auto battler.
While the platform is built on Ethereum’s network, it manages to bypass Ethereum’s scaling issues thanks to the integration with a layer-two scaling solution called Immutable X. Other than that, in order to play the game, players need to obtain the project’s UFO tokens to farm the in-game utility points called Plasma Points. Plasma Points are then used to mint playable characters in the form of NFTs, which are known as UFOeps. While it might seem a bit complex at first, it is really simple once you learn how everything works, and the project can actually be quite rewarding.
To learn more visit our Investing in UFO Gaming guide.
Last, but not least, we have Splintershards, which is a digital, collectible card game based on blockchain technology, and inspired by Magic the Gathering and Hearthstone. These are the games where players build collections of cards featuring different attributes, and then battle other players in matches based on skill and the quality of cards. It is also very similar to Yu-Gi-Oh!, which used to be quite popular itself.
The project was created because even card games became digital, and players lost the ability to actually own their cards. In the past, they owned physical cards after buying them, but since things went digital, the cards are now the property of companies that issued the games. Splintershards wishes to allow players to buy the cards in the form of NFTs, and be the sole owners of those NFTs, granting them both, the benefit of playing games in their digital form, and the ability to be true owners of their cards.
And with that, we conclude our list. As you can see, there are already plenty of games available, and this is only a small sample of what blockchain gaming has to offer. Not to mention that new games are coming out all the time, they are becoming more advanced, richer with features, and as they continue to grow and attract more attention, their userbase and value will only continue to go up. So, if you are looking to invest early, there is still time to do that before the prices go sky-high.