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The 13 Top Gaming Cryptos to Invest in 2024

By Onose Enaholo - Updated 03 April 2024
Fact Checked

The crypto gaming industry is growing fast as blockchain technology evolves to provide enough throughput and computational power to run more immersive experiences and virtual worlds. Coupled with GameFi mechanics, a crypto gaming coin is shaping up to be a very lucrative investment.

However, like the rest of the industry, crypto gaming is plagued with scams and downright terrible games. And because of GameFi, the trick goes beyond finding a good game, to finding one that runs a sustainable financial model.

This guide dives into the best crypto gaming tokens on the market. We touch on the games, what they are about, and what role their coins play in their respective ecosystems and in-game assets. By the end of this guide, you should be able to select the best crypto-gaming projects with the most sustainable financial models.

Top Gaming Crypto Coins in 2024

1. Bitcoin Dogs ($0DOG) – Best Bitcoin BRC-20 Token

2. Chancer (CHANCER) – Best Predictive Market

3. Alt Signals (ASI) – Best Trading Service

4. Metacade (MCADE) – Best Overall Gaming Hub with High Potential

5. Treasure (MAGIC) – Crypto Gaming Token Option for Builders

6. Apecoin (APE) – Most Anticipated Metaverse

7. Gala (GALA) – Most Promising Gaming Studio

8. The Sandbox (SAND) – Best Game Builder

9. Decentraland (MANA) – Best Open World Experience

10. Axie Infinity (AXS) – Best Play-to-Earn Game

11. Floki Inu (FLOKI) – Upcoming Memecoin Ecosystem

12. Alien Worlds (TLM) – Highest Number of Users

13. Illuvium (ILV) – Best Auto-battler Metaverse Game

Best Gaming Crypto Coins Comparison

Crypto Gaming Coin

Market Capitalization

Blockchain Network

Where to Buy

Bitcoin Dogs ($0DOG)

None yet

Bitcoin

Buy $0DOG

Chancer (CHANCER)

None yet

Binance Smart Chain

Buy CHANCER

Alt Signals (ASI)

None yet

Ethereum

Buy ASI

Metacade (MCADE)

$19 million

Ethereum

Buy MCADE

Treasure (MAGIC)

$275.36 million

Arbitrum

Buy MAGIC

Apecoin (APE)

$1.55 billion

Ethereum

Buy APE

Gala Games (GALA)

$298.85 million

Ethereum

Buy GALA

The Sandbox (SAND)

$1.16 billion

Ethereum, Polygon

Buy SAND

Decentraland (MANA)

$1.09 billion

Ethereum, Polygon

Buy MANA

Axie Infinity (AXS)

$989.10 million

Ronin

Buy AXS

Floki Inu (FLOKI)

$336.13 million

Ethereum

Buy FLOKI

Alien Worlds (TLM)

$72.51 million

Ethereum

Buy TLM

Illuvium (ILV)

$149.78million

Ethereum

Buy ILV

The 13 Best Gaming Cryptocurrencies Reviewed

Bitcoin Dogs ($0DOG) – Best Bitcoin BRC-20 Token

Bitcoin Dogs’ native token, $0DOG, will launch as the first-ever ICO on the Bitcoin blockchain. Thanks to cutting-edge Bitcoin Ordinal technology, Bitcoin Dogs is pushing the boundary of what is being built on the Bitcoin network.

By combining memecoins, NFTs, and Ordinals, this project aims to go where none has gone before along with all who dare to run ahead of the pack. Given the industry’s love for breaking new milestones, this project will attract the interest of people within and outside the Bitcoin community.

Why invest in Bitcoin Dogs?

Bitcoin Dogs keys into strong crypto narratives like BRC-20 and the Bitcoin halving that could place it in investors’ sights, and allow for innovation and significant upside; several BRC-20 projects that have launched have garnered traction from investors and Bitcoin enthusiasts.

Bitcoin Dogs has gone further than most other projects to build the first Bitcoin-native gaming ecosystem with tokens, a planned NFT collection, and even games further down the line.

Bitcoin on-chain metrics data from Dune Analytics show a significant increase in transaction count on the blockchain that started close to the end of January 2023, when Ordinals was launched.

Higher volumes combined with the Bitcoin halving in April 2024 could catalyze significant growth for the network and its most promising projects, like Bitcoin Dogs.

Risks in Investing in Bitcoin Dogs

Bitcoin Dogs is a new project attempting a feat that has never been done before. As such, there are bound to be obstacles that are novel to this project, and a history of token launches shows that plans are hardly ever without hiccups.

$0DOG will be the native token of the Bitcoin Dog ecosystem. It has a maximum supply of 900 million units, 90% of which is allocated to the presale. This means that investors will get the bulk of tokens, making this as close to a fair launch project as possible.

To join this project early, head over to the Bitcoin Dogs website.

Chancer (CHANCER) – Best Predictive Market

Chancer is a predictive market that enables anyone to create a market based on a bet or prediction of an event, structure it however they like, invite people to join, and win or lose depending on the outcome of the event.

It adopts a trustless, immutable approach to making bets by ensuring that the terms are transparent and that winners are automatically paid.

Why Invest In Chancer?

The betting industry is an $83.65 billion market, with growth projection placing it at about $180 billion by 2030. That’s a lot of growth within a few years, and as blockchain adoption becomes more mainstream, it is not far-fetched to see more betting being moved on-chain with Bitcoin gambling sites and more.

This is one of the best new cryptos as future favors services like Chancer as they provide the infrastructure for anyone to create a betting market for pretty much anything that has a fixed, trackable outcome.

Everyday users will be able to bet on sports, politics, entertainment, and much more from the comfort of a crypto wallet.

The protocol will also feature a live streaming section with technology that allows community members to livestream anything they want and place bets in real time. For example, you could livestream a street race in your neighborhood while others across the world bet on the outcome while the race is ongoing.

Risks In Investing In Chancer

Chancer does not have a track record as it is a new project, hence, investors do not have past performance data. This makes investing in it riskier than normal.

The protocol will be powered by the CHANCER token. It will be required to create markets and participate in bets, and will be the reward token for winners.

You can join the presale and Buy Chancer now.

Alt Signals (ASI) – Best Trading Service

Alt Signals is a trading service that offers useful tools that help traders navigate the forex and crypto markets. These tools range from powerful algorithms to signal bots.

Its premier product, AltAlgo, is a bot that provides buy and sell signals for crypto traders and investors. The bot has achieved some success among the trader community with a 4.8 of 5.0 TrustPilot review.

Why Invest In Alt Signals?

While Alt Signal is not a crypto gaming token in the traditional sense, it possesses similar characteristics with games. It features a community of dedicated users, a sustainable service or product, an ecosystem that provides value, and mechanisms to keep users engaged.

The company has proven that they are efficient at creating algorithms and robots, thanks to the success of AltAlgo. However, the new ecosystem will be powered by an advanced version of their winning algorithm, called ActualizeAI.

The new ecosystem, which will include a suite of tools and services, will be built on the AI capabilities of their new algorithm.

Users will be required to hold the platform’s coming token, ASI, in their crypto wallets to access these services. There will also be trading tournaments and various other campaigns, with mouth-watering prizes, to spur community engagement.

Risks In Investing In Alt Signals

A successful product does not always translate to profitable token prices or performance. The team will have to prove that their means of transferring value from their products to the token is sustainable.

ASI is still in the presale phase where it is being sold at a discount to the listing price.

To participate, visit the Alt Signals’ website and click on Buy ASI.

Metacade (MCADE) – Best Overall Gaming Hub with High Potential

 Metacade is not a traditional game. Instead, it serves as a hub that connects gamers, builders, creatives, and other stakeholders in the Web3 crypto gaming space. While it is a new company that just completed its presale, it is already making strides in connecting the Web3 gaming industry community.

Why Invest In Metacade?

With Metacade, gamers can access a platform integrated with various popular play-to-earn games. Instead of players needing to head to the games individually, they can experience them all from one hub.

The ecosystem integrates leaderboards for various games so dedicated players know where they rank at all times. It also features a trending section for games that are hot right now, and a new section for upcoming games with potential.

If players are not sure what games to play, they can read reviews from other players to help them decide, and then leave honest reviews themselves to help both other players and game builders improve the games for the best gaming experience.

GameFi is an important part of crypto gaming projects, and Metacade understands that. The ecosystem helps players devise strategies for optimizing earnings while enjoying gameplay. And the more you participate and play games in the ecosystem, the more rewards you get via MCADE, the platform’s native token.

Risks In Investing In Metacade

The success of the Metacade platform rests largely on its ability to deliver on its holistic experience, which involves integrating with various blockchain gaming projects. This integration involves a fair deal of interoperability, a space that is still growing.

MCADE has a total supply of 2 billion, 70% of which was allocated to the presale (which took place in Q4 2022), 10% to development, 12.5% to centralized exchange listings and marketing, 5% to liquidity on decentralized exchanges, and 2.5% to competition winners.

You can Buy MCADE here.

Treasure (MAGIC) –  Crypto Gaming Token Option for Builders

Treasure is an ecosystem that creates a middle ground for game builders and players to contribute to an immersive gaming environment, interoperable games with customized player flows and multi-game challenges.

Why Invest In Treasure?

With Treasure, avatars, weapons, tools, NFTs, and other in game assets items can be moved between games that are built on the infrastructure. Player challenges can span between various games, and builders can create immersive and diverse gameplay experiences.

The platform, which launched in 2021, already has a total marketplace volume of $271 million, 10+ games, a 100,000 strong player gaming world community, and 344,000 unique token holders. It is also the premier source of gaming crypto coin liquidity on Sushiswap, is the leading gaming platform project on Arbitrum, and has enjoyed a 101% quarter-on-quarter growth.

The gaming cryptocurrency platform comes with a cross game trading application called MagicSwap that allows players to swap between in game assets and currencies within the ecosystem. A marketplace called Trove serves as the primary center for exchanging in-game items, releasing NFT drops, and discovering new games.

Risks In Investing In Treasure

Treasure is up against more established Metaverse projects like The Sandbox that also provide infrastructure for interoperable games. Game builders may be more skewed towards the wider community available on The Sandbox.

The entire ecosystem is powered by the MAGIC token. All items in the marketplace are priced in MAGIC, making it the primary vehicle for transferring value across the ecosystem.

MAGIC has a total supply of 350 million tokens, 213 million of which are already in circulation. This places its market cap at $295.37 million, a conservative number for a blockchain gaming project of this scale.

You can buy MAGIC on Binance.

ApeCoin (APE) – Most Anticipated Metaverse

ApeCoin is the token that powers Yuga Labs’ ecosystem which includes a Metaverse called Otherside and the Apecoin DAO, whose members vote on proposals that affect Yuga Lab’s ecosystem.

Why Invest In Apecoin?

While Otherside has not yet launched, Yuga Labs is already working with major real-world brands like Gucci to include signature pieces within their Metaverse. The coming Metaverse has gathered attention and could be the next big thing in virtual worlds upon release.

Otherside isn’t the only use case for APE. The token powers the entire Yugaverse which includes premium NFT collections like the Bored Ape Yacht Club, Crypto Punks, Bored Ape Mutant Club, Meebits, and others. These collections can be purchased on the Apecoin Marketplace.

Risks In Investing In Apecoin

Much of Apecoin’s utility will come from its use as the primary in game currency in the Otherside. However, the Metaverse is up against other giants, ie Decentraland. Much of APE’s future value will depend on the performance of the Metaverse in attracting users and transactions.

ApeCoin is a medium for exchanging value within this Yugaverse. It has a total supply of 1 billion tokens, 368 million of which are in circulation.

Some sell pressure is to be expected at future token release dates, but as long as the Yugaverse continues to provide value and successfully capture it using APE, the ecosystem should create enough demand to keep prices elevated.

You can buy APE on exchanges like Coinbase.

Gala Games (GALA) – Most Promising Gaming Studio

Gala Games is the blockchain gaming arm of Gala, a film, music, and gaming industry studio that develops games that are known for being enjoyable. The studio became popular at a time when crypto games felt more like a chore with repeated tasks.

Its first game, TownStar, was a rousing success as it incorporated play to earn mechanics into a game that was already great to play. Since then, this gaming platform released other games like the wildly popular Spider Tanks, with several others in development.

Why Invest In Gala?

Gala’s ecosystem is powered by the GALA token which is used to buy items and weapons within their various games. For example, you need to buy a tank to begin playing Spider Tank which is sold in GALA.

You can also use the native token to increase your Gala Power, which represents influence and increases the amount of rewards you get from winning challenges and battles. Most items are paid for with GALA, although some items are priced in Ethereum (ETH).

Risks In Investing In Gala Games

Gala Games is structuredRisks in investing in like a traditional gaming studio with various titles. However, there are reports in the gaming ecosystem of some issues with their games specifically Town Star, the simulation game which lags on some browsers

The token has a maximum supply of 50 billion tokens, however only 39 billion have been created. Of the created tokens, only 7.5 billion are in circulation.

You can buy GALA on exchanges like Binance.

The Sandbox (SAND) – Best Game Builder

The Sandbox is an open-world Metaverse that allows players to do pretty much anything they can think of and builders to create immersive experiences. While this guide focuses on games, Sandbox’s infrastructure allows for the creation of almost anything with virtual real estate, including Museums, Cinemas, and even virtual theme parks.

To begin building, game developers must buy virtual land, which are NFTs on the Ethereum/Polygon blockchains that guarantee permanent ownership. They can then access the game builder to begin developing blockchain games.

Why Invest In The Sandbox?

One thing we like about the Sandbox is the level of adoption it has achieved. Major brands already own large estates within its Metaverse and some are already developing experiences and digital assets, highlighting the real world value of top metaverse crypto.

For example, Game Publisher, Atari, owns a large estate, while The Walking Dead franchise is working with a blockchain game developer to bring the series franchise into the Metaverse.

Other game publishers can develop games and virtual assets as long as they have land, and several full-fledged games already exist.

The platform’s token, SAND, is integrated into the ecosystem. Digital assets such as land, accessories, weapons, avatars, and tools used in the game are purchased with SAND. Creators also need SAND to list their NFTs on the NFT marketplace and can impose a gate fee for their games and experiences.

Risks In Investing In The Sandbox

Sandbox is up against other Metaverse projects like Decentraland. However, it is also up against Web2 games like Fortnite which already have massive player bases. If gaming will truly be the bridge that brings retail users the Metaverse, then some legacy game’s popularity are way ahead of The Sandbox.

SAND has a total supply of 3 billion tokens, 1.58 billion of which are in circulation. There is still a sizable chunk of tokens that are yet to be released which could cause significant sell pressure at future release dates.

The token reached an all-time high of $7.51 in November 2021 and has since declined 94.8% to a recent low of $0.38.

You can buy SAND on exchanges like Coinbase.

Decentraland (MANA) – Best Open World Experience

Decentraland is another open-world Metaverse that leads the gaming industry in terms of usability and adoption. Like Sandbox, it is built on Ethereum (now Polygon) and provides the possibility for players and builders to explore their imaginations in this blockchain-based virtual world.

Why Invest In Decentraland?

We must admit that Decentraland has a smoother look and feel compared to Sandbox’s minecraft-style graphics. The open world has some breathtaking scenery (depending on the creators, of course) and teleportation stations to instantly transport you to various locations.

We’ve played games in Decentraland, and while much of its enjoyability depends on the creativity and expertise of the game developers, the graphics and feel does not differ too much from popular titles with addictive gameplay like Raft.

The ecosystem is powered by the MANA token. It is used to purchase land which is fundamental for creating experiences (including games). The token is also needed to list and buy items from the in-world marketplace.

A growing community of game creators can charge entry fees in MANA, and tokens used to purchase items in the marketplace are burned, creating deflationary token mechanics.

Risks In Investing In Decentraland

Decentraland faces the same risks as Sandbox as it must compete for users in both Web2 and Web3. Decentralanad also doesn’t command as much attention as Sandbox or even the much-anticipated Otherside Metaverse.

MANA has a total supply of 2.19 billion tokens, 1.82 billion of which are in circulation. This means that 83% of its total supply is already priced. While future token unlocks can create sell pressure, mechanics like burning crypto have been put in place to gradually reduce the supply of this gaming cryptocurrency.

MANA hit an all-time high of $5.12 in November 2021 and has since fallen to a recent low of $0.29.

You can buy MANA on exchanges like eToro.

Axie Infinity (AXS) – Best Play-to-Earn Game

Axie Infinity is a pretty straightforward game. You raise cute little virtual creatures called Axies, and then battle them against other Axies to gain rewards and XP. Everything that goes on in the game is centered around this purpose.

Why Invest In Axie Infinity?

Axie infinity is currently the third largest play-to-earn crypto game with a market cap of $988 million, 9,000 daily unique active wallets, $1-$2 million in daily volume, and a total value locked of $780 million, making it one of the best gaming coins

AXS gaming tokens are the Metaverse tokens for the Axie Infinity universe where you buy, breed, and battle your Axies across several planes. Axie Infinity started out as a game on the Ethereum blockchain that ushered in the era of play-to-earn gaming within virtual economies

The Metaverse has since moved to its own blockchain, called Ronin, but is still compatible with Ethereum. However, you’ll need to to get a Ronin wallet to transfer funds to purchase your first Axies.

To begin, you need to buy at least three Axies to form a battle team. Each one comes with special abilities and attributes. You can also breed your Axies to create rare variants with unique abilities.

Risks In Investing In Axie Infinity

The gaming space is developing quickly and games like Axie Infinity that incentivizes players with financial rewards may go out of fashion as games with both enjoyable gaming experiences and financial mechanics rise to prominence.

As of writing, Axie Infinity has processed $3.6 billion in transactions and has 2.8 million daily active users. Its coin, AXS, hit an all-time high of $150 in November 2021, but has since fallen to $8.66 as of writing.

AXS has a total supply of 270 million coins, 114 million of which are in circulation, which is less than 50%. Hence, some sell pressure is expected in the future.

You can buy AXS on exchanges like eToro.

Floki Inu (FLOKI) – Upcoming Memecoin Ecosystem

Once a memecoin without utility beyond community engagement, Floki Inu has evolved into a full-fledged gaming community ecosystem with a Metaverse, a DeFi platform, an NFT marketplace, and a learning academy.

Why Invest In Floki Inu?

The Floki community is 440,000 strong (i.e. token holders) and could grow as crypto onboards more users.

Its Metaverse, called Valhalla, is an NFT game where players can farm resources, join clans, battle opposing clans, engage in raids for various rewards, go on quests, and craft weapons and tools.

You can also buy NFTs, called Genesis NFTs, that grant access to early game launches, presales, and discounts on various items.

The Metaverse, as well as the entire ecosystem is underpinned by the FLOKI token. In-game items are priced in FLOKI and you’ll need some in your crypto wallet to be able to go on quests, battles, and raids.

Risks In Investing In Floki Inu

Despite Floki Inu’s progress in developing an ecosystem and growing community, it is still regarded as a memecoin ecosystem with services that are novel. These types of ecosystems don’t usually last long.

The token has a total supply of 10 trillion tokens, 9.7 trillion of which are already in circulation. This means that 97.8% of the total are already in circulation while 42% have been burned, i.e., they have been removed from circulation forever.

FLOKI trades at $0.0000342 as of writing with a 52-week high of $0.00005608 in February 2023 and a yearly low of $0.0000053 in June 2022.

You can buy FLOKI on exchanges like OKX.

Alien Worlds (TLM) – Highest Number Of Users

Alien Worlds is a space exploration game that places players on an exploratory path to discover the universe, find alien worlds, participate in elections, and earn rewards from GameFi activities like staking crypto.

The Metaverse is powered by NFTs as items from ships, avatars, land, weapons, and more are all NFTs that can be resold on the in-world marketplace as game finance or external marketplaces like OpenSea.

Why Invest In Alien Worlds?

Alien Worlds is on our list because it has shown an ability to us and the gaming industry to retain users with its captivating gameplay and financial incentives. As it stands, it is the most played game according to Dapp Radar.

As of writing, Alien Worlds has 248,000 daily active users, processes 12.28 million daily transactions worth $244,780 dollars, and has $2.61 million locked in its smart contracts.

The game is also spread out across the Ethereum, Binance Smart Chain, and Wax blockchains which allows it to access liquidity on these blockchains.

The gaming ecosystem is powered by a native token called Trilium (TLM) which serves as the major vehicle for transferring value and the in-game currency that players mine.

Risks In Investing In Alien Worlds

Alien Worlds relies heavily on GameFi mechanics to retain players. While the game can be profitable, its gameplay is a series of actions geared towards earning yields, not enjoyable gameplay like web2 games.

TLM has a maximum supply of 10 billion tokens, 5.8 billion of which exist. Of the total supply, 3.3 billion is in circulation, which means some sell pressure is to be expected at future release dates.

Alien Worlds also implements inflationary mechanics, so the Metaverse will have to retain users and value to match the tokens being released into the ecosystem each year.

You can buy TLM on exchanges like Binance.

Illuvium (ILV) – Best Auto-Battler Metaverse Game

Illuvium is another play-to-earn Metaverse blockchain-based gaming experience that caught our attention with its graphics, gameplay, and mechanics. It follows humans lost on an alien planet who discover beasts with special powers, called Illuvials.

Players buy, breed, and battle these beasts for significant rewards. However, the game goes beyond these Illuvials. Players can also buy mining tools to mine rewards on the various planets they discover.

You can join Syndicates, which are DAOs within the Metaverse that function similar to real DAOs with treasuries and decentralized governance token structures.

Why Invest In Illuvium?

The Illuvium ecosystem offers various experiences for different types of players. It is currently split into three distinct different games, Illuvium Arena, Illuvium Zero, and Illuvium Overworld.

Illuvium Arena is an arena-style pvp auto-battle game that pits players against each other for a chance to win rewards and other assets. This game depends largely on your Illuvials’ stats like their power levels, special attributes, and combinations.

Illuvium Zero is a world building game where players buy lands, acquire resources, expand their territories, and earn rewards for doing so, while Illuvium Overworld is the exploratory game where players explore new worlds and discover new Illuvials.

The Metaverse recently launched an in-game decentralized exchange for trading avatars, land, and other in-game items, called the IlluviDex.

Risks In Investing In Illuvium

Illuvium, like several open world games, are up against legacy games with millions of players and large development budgets. Illuvium is in beta as of writing and will need to prove that its gaming experiences are both enjoyable and profitable.

The Metaverse is powered by the Illuvium token (ILV). It is mostly used for battle and mining rewards as all marketplace purchases are made using Ethereum. This makes its token mechanics inflationary as users have less reasons to hold on to the tokens aside from staking.

ILV has a maximum supply of 10 million tokens, 7.4 million of which are in existence and 2 million in circulation.

You can buy ILV on Binance.

What are Crypto Gaming Coins?

Crypto gaming coins are tokens that power crypto gaming ecosystems. They are often used within games for various purposes that could range from general things like paying for tools and virtual assets, weapons, land, to specific tasks like completing quests.

Either way, their value is usually tied to the degree of acceptance and adoption of the blockchain games themselves. While it may be easy to overlook the games and focus on the coins, even the best gaming crypto coins do not grow sustainably if the game does not.

Gaming coins come in various types and serve various purposes. Some serve as an all-round token for transferring all forms of value within their gaming ecosystems while some are created strictly for GameFi purposes like staking coins to earn rewards that could be converted to cash.

Some others are used for DAO purposes, to vote on proposals affecting the entire ecosystem. At times, games could run a dual token system where a major token is used for governance and a minor token is used as an in-game currency.

When did Gaming Cryptos Become Popular?

The best gaming crypto coins became popular with the rise of Axie Infinity in 2021. It was the first time the concept of a functional play2earn model where players’ skills could be translated to real money was successfully implemented in the gaming industry.

As such, the game’s token became popular and also rose in value while other games that claimed to implement working play2earn mechanics also garnered attention.

Are Crypto Gaming Coins a Good Investment?

When looking to buy the best crypto, your focus should be more on the game itself. The rationale behind this is that the tokens are a part of the overall gaming experience that reflect the value of the game. If games perform well, so will their Gamefi tokens.

The factors that affect the acceptability of a blockchain based game are similar to those of traditional games. Some include.

Technology

The blockchain ecosystem that games decide to build on is important. For example, you’ll hardly see games building on Ethereum anymore because of high gas fees and scalability issues.

Granted, Ethereum has made strides in that regard, but good gameplay often requires more throughput than Ethereum can currently provide. Hence, most game developers move to faster networks like Polygon and Wax.

Gameplay

First generation crypto games were nothing more than a bundle of decentralized finance tasks with a fancy “gaming” theme. The tasks quickly became cumbersome and people lost interest.

Axie infinity was the first game to successfully combine engaging gameplay and GameFi, ushering in an age of play-to-earn gaming. Since then, several games have emerged that are nice to play, like Gala Games’ suite of games.

The more engaging crypto games are, the more likely people are to play them, and this helps to bring value into the ecosystem and earn money.

GameFi Mechanics

Crypto gaming is still in its early stages, so some of the best crypto games pale in comparison to their legacy counterparts. Hence, a significant reason people play crypto games are the financial incentives. Almost all of the top crypto games integrate gaming finance into their ecosystem in different ways.

For example, Town Star, the town building game by Gala Games, rewards players for completing tasks with Town Coin, which is a crypto with monetary value. Players can also buy NFTs that can increase the tokens they earn for completing the same set of tasks.

Tokenomics

Tokenomics underpins the other points explained in this section. If a game’s tokenomics are too inflationary or improperly designed, then its tokens may not capture value as they should. In this case, the game could tick all the boxes, but people still won’t buy its tokens.

While it is common to see game tokens reach maximum supplies of up to 1 billion units, irrationally high numbers like 1 trillion is a red flag. Also, token allocations matter. If a significant chunk of the token supply goes to the team, then that is another red flag.

Ultimately, there is no one size fits all with tokenomics. However, you can always look out for signs of foul play.

What is the Difference Between Gaming Cryptos and Gaming Tokens?

Technically speaking, there is no difference between the two. All cryptos that operate as (or as part of) dapps on a blockchain technology network are tokens, games included.

However, some may differentiate based on in-game utility as some games run a dual token system. An example is Axie Infinity which has the AXS and SLP tokens.

AXS is the game’s main token and is used for governance while SLP is a reward token for winning tournaments and for upgrading Axies. In this case, AXS would be the gaming crypto, while SLP the gaming token.

Gaming Crypto

Gaming Tokens

Usually limited supply Usually unlimited supply
Usually used for governance Usually used as in-game currency

Can You Earn Crypto Playing Games?

This depends on the game. Some games reward winners of battles, tournaments or guilds with crypto. A good example is Axie Infinity. Battle winners get Smooth Love Potion (SLP), the game’s in-game currency which can be used to upgrade Axies or be sold for money.

Gala Game’s TownStar is another example. Players who complete the daily tasks within the allotted time gain TOWN that can be sold.

However, keep in mind that some of these tokens, especially when a dual token system is used, like in the examples above, can be inflationary which means their value can decrease over time. At least until all tokens are unlocked.

How can You Find the Top Gaming Cryptos to Invest in?

To find the best gaming crypto coins, keep these points in mind.

  • Look at the player community: The presence of a player community shows that the game is enjoyable and engaging, which is good for its crypto.
  • Play the game: Possibly one of the most surefire ways to select gaming cryptos, playing a game gives you firsthand knowledge of how everything works. If you like it, others may as well.

Are Crypto Gaming Coins Safe to Invest in?

The safety of a gaming crypto depends on its platform’s security. Note that safety here means protection from loss due to hacks or common crypto scams, not the economic viability of the crypto. Before investing in any crypto gaming coin, ensure that you are aware of the following factors.

Smart Contract Security

The game’s smart contracts should be audited by a recognized audit firm like Certik. This does not eliminate all risks, but acts like a thumbs up to the project. It also hints at the honesty of the game developers.

Treasury Size

Games with large treasuries can afford to make investors whole in cases where funds are lost due to a technical error. Bootstrapped games less so.

How to Buy the Best Gaming Cryptos - Step-by-Step Tutorial

Most games have in-game exchanges that swap their tokens, however, an easy way is to use popular centralized exchanges. In this tutorial, we used eToro.

Step 1: Create an Account

If you already own an account with a centralised exchange, skip this step. If not, navigate to the eToro website and click on Start Investing. Alternatively, you can download the mobile application from the Play Store or iOS store.

Create an account by filling out the sign up form with your full name and email address.

Step 2. Verify Your Account

Next, verify your account by completing your profile and sending KYC documents like your National ID or driver’s licence and proof of residence (utility bill).

 

Step 3. Make a Deposit

Once your account has been verified, click on Deposit funds on the left pane of the page and choose a convenient method from the drop-down menu. Set the amount you’d like to deposit.

Step 4. Buy a Gaming Coin

Once your account is funded, search for any gaming coin in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.

  

Where To Buy Crypto Gaming Coins

To get your hands on gaming cryptos like Chancer that are not yet listed on exchanges, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download a Wallet

We used the MetaMask wallet for this guide. Download the app on your phone or use the web platform via a browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You’ll need BNB to buy new Chancer tokens. Buy some on an exchange like eToro and transfer to your wallet, or use a fiat onramp on the wallet app. You can use various methods on the wallet app or visit MetaMask’s portfolio site to buy using a suitable on-ramp.

Step 3: Connect Wallet

Navigate to Chancer’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy CHANCER tokens using BNB. Ensure you have enough to pay for gas fees.

Step 4: Wait to Claim

You’ll need to wait until the presale is over to claim your tokens.

Latest Gaming Crypto News

  • Gala Games burns over $600 million worth of GALA tokens in a push to improve its tokenomics
  • The Sandbox partners with MetaFight, an NFT-based MMA game, for unique MMA-themed virtual experience
  • Illuvium Secures Additional $10M Funding From Framework Ventures to expand its open world and an upcoming AAA game on Immutable X

Final Thoughts on the Best Gaming Crypto Coins

We explored the top crypto gaming coins and chose MAGIC of the Treasure ecosystem as our overall best because it creates an infrastructure for interoperable games without the need for a metaverse. It is also the leading gaming infrastructure on one of the fastest growing networks in crypto, Arbitrum.

With Treasure, game builders can create multi-world player journeys that attract more players to their games than they normally would thanks to the possibility of collaborating with other games.

However, all the gaming tokens on our list are good options with growth potential. To begin buying gaming coins, visit eToro.

Methodology - How We Picked the Best Crypto Gaming Coins

The tokens covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, gameplay, tokenomics, and competitive edge.

The tokens listed are the best we found in the various categories we listed them. For example, we listed GALA as the most promising gaming studio because of its suite of enjoyable games.

Check out our why trust us and how we test pages for more information on our testing process.

FAQs

Which is the best gaming crypto?
The best gaming crypto on our list is Treasure because of its approach to gaming. It is not a singular game whose options are to either fail or succeed. Instead, it is infrastructure for interoperable games. Something that can live on despite the games built with it.
What are the top crypto games coins?
The top crypto gaming coins are the ones listed in this guide. They are not the only coins of interest, but are the ones that show the most potential.
Which Metaverse coin is best?
This is hard to say as various metaverses bring different benefits. For example, Otherside is onboarding high class brands, Sandbox is home to various major brands like Atari, while Decentraland has great graphics and smooth gameplay. Ultimately, the best metaverse coin will be the one that provides the best utility.
What is the No 1 crypto game?
Again, the best crypto game depends on who is playing. From a play-to-earn perspective, Axie Infinity is doing quite well. Form a world-building perspective, Gala Games has a gem with Town Star.