Blockchain technology has enabled gaming platform developers to design internal economies within their games with their in game assets that have real word value. This combination of finance and gaming is called GameFi and players are already earning from the best GameFi tokens out there.
These projects are games or other game-like platforms that reward players for performing specific action, winning battles, and generally doing what players already love, playing. But with so many tokens out there, which ones give the best yield and stand the best chance of growth?
This guide dives into 13 of the best gaming crypto out there. It dives into what the games are about, why they are good investments, and the risks involved with investing in them.
1. Chancer (CHANCER) – Best GameFi Crypto Overall Option
2. Metacade (MCADE) – Best GameFi Crypto Community Token
3. Axie Infinity (AXS) – Best Play-to-Earn GameFi Crypto
4. Gala (GALA) – Best GameFi Entertainment Studio
5. Treasure (MAGIC) – Best Interoperable Gaming Infrastructure
6. Alien Worlds (TLM) – Best GameFi Space Exploration Game
7. Nakamoto Games (NAKA) – Best GameFi Gaming Store
8. Illuvium (ILV) – Best GameFi Auto Battler Game
9. Floki Inu (FLOKI) – Best GameFi Memecoin
10. Mobox (MBOX) – Best NFT GameFi Token
11. Vulcan Forged (PYR) – Best Medieval Metaverse
12. Star Atlas (POLIS) – Space GameFi Metaverse
13. Apecoin (APE) – Best GameFi NFT Metaverse
Type of Crypto
Where to Buy
Binance Smart Smart
Axie Infinity (AXS)
Alien Worlds (TLM)
Nakamoto Games (NAKA)
Floki Inu (FLOKI)
Binance Smart Chain
Vulcan Forged (PYR)
Star Atlas (POLIS)
Chancer is a protocol that enables anyone to create a prediction market based on real-world events, structure it however they like, and invite people to place bets. It adopts a trustless, immutable approach to making bets by ensuring that the terms are transparent and that winners are automatically paid.
Chancer is on our list as a GameFi crypto because of the way it has integrated its tokens into its betting mechanics. Users can stake its token to earn yields and also use it to create bets.
Chancer will disrupt the betting industry, an $83.65 billion market that is projected to grow to about $180 billion by 2030. As blockchain adoption becomes more mainstream, it is not far-fetched to see more betting being moved on-chain.
Chancer provides the infrastructure for a completely decentralized betting process, allowing anyone to create a betting market for pretty much anything that has a fixed, trackable outcome.
Chancer is a new project and as such does not have a track record that investors can use to value it or the efficiency of its GemFi ecosystem. This makes investing in it riskier than normal.
The protocol will be powered by the CHANCER token which will be required to create markets and participate in bets.
Join the presale on the official website to Buy Chancer.
Metacade is a hub that connects gamers, builders, creatives, and other stakeholders in the Web3 crypto gaming space. While it is a new company, it has already begun developing its own games and making strides in connecting the Web3 gaming industry community.
Metacade’s ecosystem is conducive for GameFi. Not only does the platform provide strategies for maximum earnings in several play-to-earn games but it also rewards users for community participation, winning games, and staking crypto with a native token, MCADE.
The ecosystem integrates leaderboards for various games so dedicated players know where they rank at all times, fostering healthy competition which feeds into community participation. It also features a trending section for playing 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.
While Metacade provides GameFi strategies for several third-party games, it does not integrate them into its system. Core fans of these games may not be incentivized to come back to Metacade once they obtain effective strategies.
You can buy Metacade here
Axie Infinity is a turn-based game that features cute little virtual creatures called Axies that battle against one another to gain rewards and XP. Everything that goes on in the game is centered around this purpose.
Winners of battles are rewarded with a token called Smooth Love Potion (SLP) which can be swapped for real cash or used as a game finance to upgrade Axies to win even more rewards.
Axie infinity is currently the third largest play-to-earn crypto game with a market capitalization of $988 million, 9,000 daily unique active wallets, $1-$2 million in daily volume, and a total value locked of $780 million.
The game also recently launched an iOS app that brings their gaming experience closer to mobile users.
The crypto gaming industry is developing quickly and as such, Axie will soon find itself fighting for market share against games with AAA graphics and gameplay.
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.
As of writing, Axie Infinity has processed $3.6 billion in transactions and has 2.8 million daily active users. 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 for these crypto gaming coins.
You can buy AXS on exchanges like eToro.
Gala Games is the crypto gaming platform arm of Gala, which is a film, music, and gaming studio that develops enjoyable crypto games. The studio became popular for creating games that expertly infused GameFi features with engaging gameplay.
Its two major games, TownStar and Spider Tanks have gathered a dedicated community of players. Statistically, 46% of all crypto wallets that interact with the game’s smart contracts are power users while 39% are everyday users, making up 85% of users that play the games regularly.
Gala’s ecosystem is powered by the GALA token which is used to buy items and weapons within the various games. All in game assets and items, skins, tools, weapons, and land are sold in GALA. For context, the total number of Gala users over time has increased from about 8,000 users in April 2021 to over 280,000 users in June 2023.
Gala Games is structured like a traditional gaming industry studio with various titles. However, there are reports of some issues with their games, specifically Town Star, which lags on some browsers when users play games.
You can buy GALA on exchanges like Binance.
Treasure is a protocol that lays the infrastructure for building an ecosystem of interoperable games where developers can create player arcs that span multiple games, thereby adding to a richer gaming experience and deeper financial markets.
With Treasure, avatars, weapons, tools, NFTs, and other in-game assets can be moved across games that run on the infrastructure. An investment in Treasure would be an investment in the infrastructure, which is a much safer play.
The infrastructure also comes with a cross game trading application called MagicSwap that allows players to swap between in-game currencies within the gaming world ecosystem. A marketplace called Trove serves as the primary NFT marketplace for exchanging in-game assets across all games.
Treasure is up against more established top Metaverse crypto 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 to sell in-game items are priced in MAGIC, making it the primary vehicle for transferring value across the ecosystem.
You can buy MAGIC on Binance.
Alien Worlds is a space exploration and virtual world building game where players discover new worlds, conquer them, run democracies, and earn rewards from GameFi activities like staking crypto gaming coins.
All in-game assets and items in this Metaverse are NFTs from ships to avatars, land, weapons, and more, that can be sold on the in-world marketplace or on external marketplaces like OpenSea.
Alien Worlds has one of the highest unique active wallets among all blockchain technology games with 390,000 unique active wallets interacting with the Metaverse’s smart contracts within the last 30 days, 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 of gaming coins locked in its smart contracts.
The game has also achieved multichain presence as it is available on the Ethereum, Binance Smart Chain, and Wax blockchains which allows it to access liquidity and users on these networks.
The game is powered by a native crypto gaming token called Trilium (TLM) which serves as the major vehicle for transferring value of the in-game assets and currency that players mine.
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 an enjoyable gaming experience like traditional gaming with web2 games.
Alien Worlds also implements inflationary mechanics, so the Metaverse will have to retain users within its virtual worlds and value to match the tokens being released into the ecosystem each year.
You can buy TLM on exchanges like Binance.
Nakamoto Games is a blockchain gaming studio on a mission to build games that allow players to generate a sizable and sustainable living from GameFi crypto games. The studio has developed several games to help players tap into GameFi’s earning potential.
The studio also operates as an app store of sorts by listing games that are developed inhouse as well as those developed by external developers within the gaming industry.
Gaming studios that list several games are usually a safer bet than a blockchain gaming developer that lists a singular game as the cumulative user base and transaction volume from several games can balance out, making the crypto gaming venture a net positive.
Some of Nakamoto’s games are quite enjoyable and the platform’s gaming tokens, NAKA, is needed to access all games and in-game assets within its growing ecosystem. By our count, the number of games in the Action category numbers up to 30.
With Nakamoto, the emphasis is clearly on GameFi. Projects that have focused mainly on earning in the past have ended up sacrificing too much gameplay, resulting in games with a gaming experience that feel more like chores.
You can buy NAKA on exchanges like Coinbase.
Illuvium is another play-to-earn Metaverse with high-quality graphics, engaging gameplay, and sound in-game mechanics. Players take on the role of humans lost on an alien planet filled with beasts with special powers, called Illuvials.
The game seamlessly integrates GameFi mechanics by allowing players to buy, breed, and battle Illuvials for rewards. Players can also use the in-game marketplace to buy mining tools to mine rewards on the virtual land 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 structures.
The Illuvium virtual environment and ecosystem has something for everyone thanks to the three distinct games that make up the Metaverse: 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 in-game assets and rewards. This game depends largely on your Illuvials’ stats like their power levels, special attributes, and combinations.
Illuvium Zero is a virtual world-building crypto game where players buy lands, acquire resources, expand their territories, and earn rewards for doing so, while Illuvium Overworld is an exploratory game where players explore new worlds and discover new Illuvials.
The Metaverse recently launched an in-game marketplace, a decentralized exchange for trading avatars, land, and other in-game assets and items, called the IlluviDex.
Illuvium’s token mechanics can be somewhat inflationary as it is not used to purchase non fungible tokens and items from the decentralized marketplace. It is mainly used for staking and battle rewards which subtracts from its utility, giving users less reasons to hold the blockchain gaming native token.
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.
Floki Inu is a memecoin that has grown into a gaming ecosystem with a Metaverse, an NFT marketplace, a DeFi platform, and a learning academy. Floki excels by channeling the huge community aspect of the best memecoins into sustainable gaming utility, something most memecoins fail to do.
The Floki community is its main strength. The developers are able to direct their 440,000 strong members to engage with the crypto gaming ecosystem.
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 of these gaming crypto coins in your crypto wallet to be able to go on quests, battles, and raids.
Despite Floki Inu’s progress in developing an ecosystem, it is still regarded as a memecoin ecosystem with novel services. Until it starts competing with the likes of GameFi projects like Gala Games and Illuvium, this crypto game may still fade away.
You can buy FLOKI on exchanges like OKX.
Mobox is another gaming sector ecosystem made up of several games. However, unlike studios like Gala with several independent games, Mobox’s gaming crypto games all revolve around characters called Momos.
Mobox has created a gaming crypto ecosystem complete with several games, a decentralized yield farming platform, and a Metaverse, called the Momoverse.
Avatars within this GameFi project ecosystem are NFTs that can be used across all the available games and GameFi platforms. The ecosystem currently has 26,000 unique active wallets interacting with its smart contracts and transacting $6 million worth of volume within a 30-day period.
Mobox has created several avenues to earn returns for playing games. One example is the Momo Farmer platform that allows users to provide liquidity to the in-game decentralized exchange and then stake the blockchain gaming LP tokens for veMBOX which comes with extra rewards, including NFT drops.
Players can also upgrade their Momos to increase its mining capabilities and then stake them to earn rewards.
With so many avenues to generate return, all of which are paid in the crypto gaming coins, MBOX, the token may constantly be under sell pressure as players look to cash in on their crypto gaming rewards.
You can buy MBOX on exchanges like Binance.
Vulcan Forged is a gaming studio that has launched a suite of blockchain gaming projects, a Metaverse, a decentralized exchange, and an NFT marketplace. Like some other projects on our list, it is a thriving ecosystem.
The studio’s decentralized finance activities are carried out on its inbuilt Dex, the VulcanDex. Here, players can swap between tokens used within the blockchain gaming Vulcanverse, provide liquidity, farm their LP tokens, and stake PYR tokens.
Given that the entire blockchain technology ecosystem has around 126,399 unique users (112,259 active), and has processed about $2 million worth of transactions, staking gaming crypto coins here could be profitable.
Public confidence in Vulcan Forged took a hit in December 2021 after a hack cost the ecosystem and investors $140 million worth of PYR tokens. While the team was able to replace the crypto gaming funds with money from the project’s treasury, the token fell 34% and has been on a decline since.
Nonetheless, Vulcan Forged is still among the top-rated Metaverse projects with GameFi properties. Since the post-hack redistribution, PYR reached an all-time high of $18 in April 2022 but has since fallen to a low of $2.69.
You can buy PYR on exchanges like Coinbase.
Star Atlas is possibly the most ambitious space exploration game with AAA-level graphics and an in-game financial ecosystem in blockchain gaming. Players explore the universe, settle on planets, and vote in planetary DAOs.
The Metaverse is being executed at a large scale, mimicking (as much as possible) the expanse of space with high-quality visuals from Unreal Engine 5.
The sheer size of the game makes for a very robust GameFi environment as there are several lands and planets to stake GameFi coins and tokens and NFTs on to earn rewards. These rewards are paid in the in-game currency called ATLAS.
We like the staking features on Star Atlas the DAO currency, called POLIS, is the one that is staked. Since users earn gaming cryptocurrencies and rewards in ATLAS, they are more likely to hold on to POLIS, thereby eliminating much of the sell pressure that is common to GameFi platforms that pay rewards in their native tokens, a good long-term crypto to invest in.
Other crypto gaming projects that are building on Star Atlas’ scale have been building for years. If history is any indication, investors shouldn’t hold their breath.
You can buy POLIS on decentralized exchanges on the Solana network, or a centralized exchange like Coinbase.
ApeCoin is the native token for the Yugaverse, Yuga Labs’ ecosystem of NFT art collections which includes a Metaverse called Otherside and a DAO, called the Apecoin DAO, whose members vote on proposals that affect Yuga Lab’s ecosystem.
Apecoin’s main utility will come from the blockchain games Otherside Metaverse which will start out as a game and then transition into an open world. Although the Metaverse has not yet launched, Yuga Labs has already secured deals with major brands like Gucci to bring their products (and hopefully customers) into their Metaverse.
Much of Apecoin’s utility will come from its use as the primary currency in the Otherside. However, the Metaverse is up against other giants like Decentraland. Much of APE’s future value will depend on the performance of the Metaverse in attracting users and transactions.
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.
GameFi cryptos are tokens and coins that are at the intersection of Web3 and decentralized finance. They usually belong to gaming ecosystems that integrate financial mechanics into their gaming to incentivise users to play the game or interact with the crypto gaming ecosystem.
Most GameFi cryptos have an element of game theory that can be used to predict how various participants will act and behave. The development team will rely on this to design the internal economics and in-game purchases of their system to make it sustainable and rewarding for users.
Because of this design, GameFi cryptos are popular among Web3 gamers because they can generate financial returns, gaming cryptos, from playing their favorite games.
Most GameFi tokens generate rewards in some ways, however, they may serve different functions within their ecosystems.
Some tokens are used for governance, giving their holders the right to vote on proposals and exert some level of ownership over the ecosystem. Some others are used for utility, allowing users to access certain services or abilities. For example, one of the best utility tokens, SLP in the Axie Infinity game can be used to upgrade Axies to make them stronger.
Platform tokens grant access to the blockchain gaming platform or ecosystem and are needed to play along the game.
Oftentimes, a token plays multiple roles. For example, a governance token can also be used as a platform token, like the case of Apecoin in the coming Otherside Metaverse.
Earning in GameFi depends on the model the game runs on. Some are play-to-earn, meaning that you need to engage in gameplay to earn crypto gaming tokens. A good example is Axie infinity where players earn tokens when they win battles against other players.
Alternatively, you can earn from various staking or mining activities. A good example is Alien Worlds where you can stake Trillium in various planets and earn a portion of all resources from that planet, which can be converted to crypto.
One of the major benefits of GameFi crypto investments is verifiable ownership of digital assets. And the reason this is important is because the digital assets you own can one day become very valuable.
A good example is buying land in the Metaverse like Sandbox or Otherside. Land in these Metaverses are NFTs, so land owners know that they own the properties bought. As Sandbox grows in usage, the land could grow in value.
Another benefit of ownership is that nothing is truly lost, provided you hold the NFT. You can move your assets to other games that are built on the same technology and standards, hence preserving everything you’ve spent your money on.
The next major benefit of GameFi investments is the profit potential from either the tokens or digital assets.
For example, at the height of the 2021 bull run, land prices on Sandbox were as high as $10,000 for average plots. In Axie Infinity, a regular Axie sold for around $200 while more exotic ones sold for higher prices.
The owners of these assets could have sold for a handsome profit (and many did).
GameFi projects provide a means to make profit for various people. A great example is Axie Infinity. When the game launched, the industry was saturated with stories about people in the Philippines who made money playing the game full-time.
Because the price of Axies were very expensive at the time, crypto gaming guilds sprung up, bought Axies, and loaned them out to these players for a cut of their profit. In essence, one game provided a source of income for players and the gaming guilds.
Any competent developer can hack together a “game”, create tokens for it and call it a GameFi project. This was rampant in the NFT space in 2021, especially on the Solana network as it was cheap and easy to create NFTs.
These projects don’t usually last long, create a lot of hype, and are not very clear on where the yield they pay stakers comes from. Unfortunately, several uneducated players fall prey to these types of projects.
Some scam projects also run scripts that steal tokens from your wallet immediately you connect. A good example was the SolCars NFT project that drained the wallets of several unsuspecting folks who connected to mint the new NFTs.
A project could be legit and still fail, sometimes due to reasons outside their control. There are several GameFi offerings in the crypto space, and there are only so many games people can play simultaneously.
As such, players tend to go for the most popular, profitable, and most visually appealing gaming experiences. This will inevitably leave out projects that were good, but not necessarily great. And you may suffer a loss if you are invested in their tokens.
Some GameFi projects fail due to bad economic models. Some print too many tokens and dilute their value, some others focus way too much on the financial side of the game and neglect engaging gaming experiences, driving away players who just want great games.
These projects can redeem themselves if they change their economic models or infuse engaging gameplay fast enough before players move on. However, there are no guarantees that the new changes will work.
Play-to-earn GameFi models are a system of fusing finance and gameplay that requires players to engage with the game in certain ways to earn financial rewards. Usually, the model requires that players win battles or tournaments or reach certain levels within a period of time.
In essence, the more players play and fulfill the conditions, the higher their chances of earning. This model motivates players to keep playing, thereby keeping the game alive and profitable. A good example of this is Illuvium where players can earn by exploring worlds, finding rare artifacts, and battling.
Pay-to-play models hide the game behind a paywall. This paywall may come in various forms. Sometimes, players are required to buy characters to be able to engage in the game. A good example is Axie Infinity that requires players to buy at least three Axies to begin.
Play-to-own models allow players to own digital property that can be sold or traded on a secondary marketplace. Oftentimes, these items are the loot from embarking on quests, defeating villains, or battling other players.
Once obtained, players exercise complete control over the items, usually NFTs, and can do with them whatever they please.
Go to the eToro website and click on the Start investing icon to create an account. Alternatively, you can download the mobile app from the Play Store/App Store and click on Sign up. Fill out the form with your full name, email address, and password.
Next, verify your account with personal details like your date of birth and a passport photo, after which submit KYC documents. These documents include proof of ID (National ID or driver’s licence) and proof of residence (utility bill).
Once your account has been verified, click on Deposit funds on the left pane of the page. The deposit options available will be displayed. Choose a convenient method from the drop-down menu and set the amount you’d like to deposit.
Once your account is funded, search for any Metaverse crypto in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.
To get your hands on GameFi 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.
We used the MetaMask wallet for this guide. Download the app on your phone or use the browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.
You’ll need BNB to buy new Chancer tokens. Buy some from an exchange like eToro and transfer to your wallet. Alternatively, you can use an on-ramp on MetaMask’s portfolio site to buy.
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.
You’ll need to wait until the presale is over to claim your tokens.
We explored the best GameFi crypto projects and chose Chancer as the most attractive overall option as its gambling platform features GameFi mechanics like staking that can be financially rewarding as well as its core betting features.
You can profit from Chancer by winning bets on the coming platform or purchasing the tokens which are still in the presale phase and as such are being sold at a discount to the launch price.
Nonetheless, all the other projects in this guide are great GameFi tokens with high-profit potential. You’ll need to sign up with a crypto exchange to invest in cryptos with GameFi potential.
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 Axie Infinity as the best play-to-earn GameFi crypto because of the financial model it runs where players earn with more battles they win.
Check out our why trust us and how we test pages for more information on our testing process.