The rise of “play-to-earn” (P2E) games has caused the GameFi industry to grow into a large field with many investment opportunities. But as more companies enter the market, it becomes harder and harder to choose the right GameFi crypto token to invest in for 2022.
If you want to know everything there is to know about GameFi before getting into this topic, you can read a different post that covers the whole thing.
Here is a list of the most important GameFi crypto tokens you should know about so you can figure out which projects are worth your time:
Play It Forward (PIF)
Since P2E games in the Philippines have high entry fees, crypto gaming guilds were formed to help people play them. Players could get a head start on their GameFi experience without having to spend a lot of money through PIF’s gaming guild, Railings University.
NFTs can be rented through Play It Forward, which is an ecosystem builder for the metaverse. This decentralized platform gives you access to NFTs that can be used in crypto games like Axie Infinity, Pegaxy, Cyball, and many more.
Those who have PIF tokens can take part in the governance of Play It Forward. The value of the GameFi crypto coin hit an all-time high in February 2022, with a limit of one billion PIF.
Axie Infinity (AXS)
Axie Infinity is a P2E game where players compete to win crypto tokens. During the COVID-19 pandemic, Axie Infinity shot to the top of the popularity charts in the video game industry. At that time, people started investing their time in crypto games as a way to make passive income, and Axie Infinity was one of the most popular games available.
Holders of Axie Infinity Shards (AXS), which are the game’s governance tokens, can get advantages by staking, playing the game, and taking part in governance activities. To get AXS, you will have to fight and win, as well as complete a number of challenges in the game.
AXS has made amazing progress in the blockchain market, which has made it one of the most valuable GameFi crypto tokens. You can buy things inside the game with AXS tokens, but you can also use crypto exchanges to turn these GameFi currencies into fiat money.
Gala is a platform for games that are mostly owned and run by the people who use it. Players can get GALA tokens by reaching certain milestones and doing certain things in the game.
The GALA token, which is the platform’s utility token, can be traded for a wide range of other cryptocurrencies and regular currencies. The people behind the cryptocurrency game said that they want to give players the chance to join as active partners and take part in making decisions.
The video game company Gala Games is making a lot of different games for the market right now. One game you can play right now is called Town Star. It is a player-versus-player (PvP) game where you compete with other players to build the best town.
Another one of the seven games being made right now is called Fortified, and it is a tower defense game. Players will soon be able to play other games, like Last Expedition, which is a survival shooting game, and Echoes of Empire, which is a strategy game set in space.
The Sandbox (SAND)
The Sandbox is a Metaverse introduced to the world in 2012. It quickly became one of the most popular GameFi projects. LAND can be used to buy individual plots of virtual land inside the game.
Its native utility token, $SAND, lets you create, own, and sell your own game experiences through its LAND. After that, you can trade these assets with other players. You can also stake $SAND to help run The Sandbox.
Enjin Coin (ENJ)
Enjin is a service that lets game developers make, buy, sell, and store NFTs. The Enjin marketplace makes it possible for people to buy and sell ERC-1155 assets.
When it comes to gaming, Enjin gives its customers the chance to create NFTs that can be transferred across different games. The Enjin platform gives developers access to a wide range of tools, such as software development tools, game plugins, cryptocurrency wallets, and payment solutions.
If you want to buy digital assets through Enjin, you have to keep tokens in a smart contract. This way, Enjin can directly back the value of NFTs that are made within its ecosystem.
Would you prefer to be a gamer or an investor of GameFi?
GameFi is such a limitless industry, players and investors are everywhere working together. There are millions of crypto fanatics building GameFi altogether across the metaverse by being a play to earn gamer or as a GameFi crypto token investor!
Enter as a gamer
Be one of the 3000+ RU guild gamers. Railings University (RU) is a massive guild managed by Play It Forward DAO with a lot of Crypto gaming partners and multiple GameFi projects. Now is the right time to start earning through playing P2E games with us. Talk to us either through Telegram and/or Discord.
Enter as a GameFi crypto token investor
You’re just step away from starting your journey as a GameFi crypto token investor, become a PIF token holder now! Being a crypto token investor has its ups and downs, but now is the right time to invest while market prices are low, eventually, the value of this token will rise sooner or later. Get in touched with us by joining Play It Forward DAO’s Telegram and/or Discord channels today.