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Gaming tokens have outperformed the rest of the crypto sector this year. Platforms like Sandbox (SAND) have taken the industry by storm, piquing the interest of seasoned crypto investors and pro gamers. Even prominent video game companies like Electronic Arts and Ubisoft have predicted that the most successful games in the future will be powered by blockchain technology, allowing players to benefit from complete ownership of in-game items.
Moreover, with the gaming metaverse taking flight, gaming crypto tokens are sprouting up rapidly, and many promising projects are getting into the game (pun intended). So, let’s look at some of the most interesting up-and-coming gaming projects and tokens of 2022.
Vulcan Forged ($PYR)
Vulcan Forged is a gaming crypto project that functions as a blockchain game incubator. This community-driven initiative assists creators with the resources, technology, and funding required. The platform also boasts its own NFT marketplace and its dApp and NFT construction tools, all of which are powered by the $PYR settlement, staking, and utility token. The platform also consists of a LAVA pool where players earn LAVA tokens by participating in any Vulcan Forged-created or hosted game.
UFO Gaming ($UFO)
UFO Gaming is a gaming project focused on creating a dark metaverse, which it defines as a closed-loop of an ever-expanding ecosystem of play-to-earn (P2E) games, breedable in-game NFTs, virtual lands, and other things. It has already launched its Super Galactic game, with other games coming. The platform features a one-of-a-kind ranking system that handsomely rewards active participants with $UFO tokens. The tokens are primarily used for making transactions within its gaming universe. The platform has recently ventured into eSports by hosting its own Apex Legends Tournament and Twitch streamers Apryze and Nokokopuffs.
Citrus is a gaming project that aims to speed the evolution of gaming while providing various solutions to the Blockchain world via its DeFi ecosystem, NFTs, and DApps. Using the power of crypto, Citrus is empowering multiple games with a scalable approach that will incorporate itself with various avenues. It has also launched its Clash CrushBlock, a blockchain-based play-to-earn game with added elements driven by simple simulation where players solve puzzles and convert game points to earn real $CTS tokens. Citrus also offers transparent and practical use cases, a sophisticated team, revolutionary social conscience, and a secure code audit to build the future of gaming.
Merit Circle ($MC)
Merit Circle is a new gaming project designed to maximise value creation across several games in the metaverse. It is branching the idea of a decentralised autonomous organisation (DAO) where members collaborate to participate in P2E games and trade NFTs to earn money collectively. $MC is the native token primarily utilised for in-game transactions, staking, and rewards. Merit Circle concentrates on the most popular games like Axie Infinity, which are frequently prohibitively expensive for novice players to enter independently. On the other hand, Merit Circle members establish subDAOs, each reflecting a different play-to-earn game. However, the mainDAO then receives contributions from all subDAOs.
Aavegotchi is a gaming crypto project inspired by the famous Japanese digital pet portable game Tamagotchi. The platform allows users to create and care for virtual pets and many other incredible benefits. Each Aavegotchi virtual pet is an ERC-721 non-fungible token (NFT) with a cryptocurrency stake. $GHST is Aavegotchi’s governance and utility token that will be utilised to purchase digital products like avatar wearables or to vote and participate in the game’s evolution. This investment structure comprises tokens acquired using the Aave DeFi lending mechanism, where players receive interest based on the tokens they invest within their Aavegotchies.
2022 Will Be a Big Year for Gaming Tokens
2022 will be a significant year for blockchain gaming, and these top 5 gaming cryptos are all set to explode. Moreover, developers from all over the world are burning the midnight oil for creating promising projects aimed at enormously benefitting crypto fans and gamers. The dream of creating a massive game environment is becoming a reality, and as organisations see this increased demand, we will undoubtedly witness a fascinating blockchain gaming arena.