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Top Play-to-Earn Gaming Projects to Watch in 2022

Top Play-to-Earn Gaming Projects to Watch in 2022

The Play-to-Earn gaming model is a new introduction to gaming powered by blockchain technologies. According to experts, it is reshaping the industry and making games more immersive than ever before. The way play-to-earn gaming overcomes the remaining roadblocks will serve as a model for other businesses considering widespread blockchain implementation. Because there are so many distinct types of cryptocurrencies, investors have a wide range of projects to choose from. Gaming coins are a relatively new variety that has been gaining popularity. Gaming projects bring together two hugely successful industries: cryptocurrency and video games. Several online games use cryptocurrency as the in-game currency. Players can buy in-game characters and weapons with the game’s cryptocurrency. These games frequently employ a play-to-earn concept, in which players can earn cryptocurrency by completing activities. Therefore, if you are thinking of investing in this space in 2022, here are the top tokens that will help you with the best returns. They hold the maximum growing potential this year. Axie Infinity (AXS) Axie Infinity is an NFT-based online video game that is inspired by Pokemon Go. It was the first metaverse project to introduce a play-to-earn gaming model. Axie Infinity runs on the Ethereum blockchain and has two cryptocurrency tokens associated with it i.e., AXS, which is a governance token that can be used by holders of tokens to vote on governance proposals to decide the future of the game. Beyond that, AXS holders can stake their tokens to earn more AXS tokens. The second cryptocurrency token associated with Axie Infinity is the Smooth Love Potion (SLP). Players here raise, breed, and battle their Axies (digital creatures) and after each victory in-game, they earn a Smooth Love Potion as a reward. These SLP tokens can be sold on exchanges. Axies and digital land in the game are NFTs that can be bought and sold by individuals in the game. As of writing this article, the price of the AXS token is 97.55 US dollars and has a market cap of 6.62 billion dollars. While the Axie Infinity game was built on the Ethereum blockchain, Sky Mavis, the parent company of Axie Infinity, build the Ronin sidechain to handle a large number of transactions. In its first month, Ronin’s launched its first decentralized exchange, Katana. The decentralized exchange had huge success after its launch as it gained 409,000 unique users, with more than $1.2bn in liquidity deposited. Axie Infinity is working hard on the problems currently faced by its users so that it continues to remain the market leader in the play-to-earn gaming space. Yield Guild Games (YGG) Yield Guild Games is a play-to-earn gaming guild, where players from around the world, coordinate with each other to earn crypto-based rewards. It also invests in NFTs such as virtual land, in-game assets, and members of the guild can also borrow these assets. YGG is made up of different community members, players, and contributors where they help each other to get on board and earn tokens by playing play-to-earn games.   Yield Guild Games has a scholarship model under which community managers who are active guild members recruit and train new players while the guild provides the players the necessary NFTs required to play games. Total revenue generated by players from these play-to-earn games is distributed among community managers, guilds, and players themselves. Players take 70% of the revenue, 20% is taken by managers, and the remaining 10% is taken by the guild. YGG is the native token of Yield Guild Games. It is a governance token that allows holders of tokens to participate in various DAO activities of the guild. YGG tokens can be staked to receive guild-related benefits and rewards such as token rewards related to YGG DAO’s overall activities, access to exclusive content and benefits within the YGG Discord server, access to exclusive merchandise selections, and voting in DAO-related matters. As of writing this article, the price of the YGG token is 5.45 US dollars and has a market cap of 376 million dollars Thetan Arena (THG) Thetan Arena is an e-sport game based on Blockchain technology. Users can gain coins by forming a team and battling with other teams. Thetan Arena’s gameplay is designed in a way so that combination of your personal skills and teamwork is used to win battles. Players can play various game modes: MOBA & Battle Royale that comes with monthly updates and attractive rewards. Unlike Axie Infinity, Thetan Arena requires no initial investment to start. Players do not need to pay a starting fee or own anything such as non-fungible tokens (NFTs) before beginning. Thetan Arena has its own token called THG. It is a governance token. Holders of THG tokens can participate in governance functions. As of writing this article, the price of the THG token is 6.95 US dollars and … Continued

The post Top Play-to-Earn Gaming Projects to Watch in 2022 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Top Play-to-Earn Gaming Projects to Watch in 2022

The Play-to-Earn gaming model is a new introduction to gaming powered by blockchain technologies. According to experts, it is reshaping the industry and making games more immersive than ever before. The way play-to-earn gaming overcomes the remaining roadblocks will serve as a model for other businesses considering widespread blockchain implementation. Because there are so many distinct types of cryptocurrencies, investors have a wide range of projects to choose from. Gaming coins are a relatively new variety that has been gaining popularity. Gaming projects bring together two hugely successful industries: cryptocurrency and video games. Several online games use cryptocurrency as the in-game currency. Players can buy in-game characters and weapons with the game’s cryptocurrency. These games frequently employ a play-to-earn concept, in which players can earn cryptocurrency by completing activities. Therefore, if you are thinking of investing in this space in 2022, here are the top tokens that will help you with the best returns. They hold the maximum growing potential this year. Axie Infinity (AXS) Axie Infinity is an NFT-based online video game that is inspired by Pokemon Go. It was the first metaverse project to introduce a play-to-earn gaming model. Axie Infinity runs on the Ethereum blockchain and has two cryptocurrency tokens associated with it i.e., AXS, which is a governance token that can be used by holders of tokens to vote on governance proposals to decide the future of the game. Beyond that, AXS holders can stake their tokens to earn more AXS tokens. The second cryptocurrency token associated with Axie Infinity is the Smooth Love Potion (SLP). Players here raise, breed, and battle their Axies (digital creatures) and after each victory in-game, they earn a Smooth Love Potion as a reward. These SLP tokens can be sold on exchanges. Axies and digital land in the game are NFTs that can be bought and sold by individuals in the game. As of writing this article, the price of the AXS token is 97.55 US dollars and has a market cap of 6.62 billion dollars. While the Axie Infinity game was built on the Ethereum blockchain, Sky Mavis, the parent company of Axie Infinity, build the Ronin sidechain to handle a large number of transactions. In its first month, Ronin’s launched its first decentralized exchange, Katana. The decentralized exchange had huge success after its launch as it gained 409,000 unique users, with more than $1.2bn in liquidity deposited. Axie Infinity is working hard on the problems currently faced by its users so that it continues to remain the market leader in the play-to-earn gaming space. Yield Guild Games (YGG) Yield Guild Games is a play-to-earn gaming guild, where players from around the world, coordinate with each other to earn crypto-based rewards. It also invests in NFTs such as virtual land, in-game assets, and members of the guild can also borrow these assets. YGG is made up of different community members, players, and contributors where they help each other to get on board and earn tokens by playing play-to-earn games.   Yield Guild Games has a scholarship model under which community managers who are active guild members recruit and train new players while the guild provides the players the necessary NFTs required to play games. Total revenue generated by players from these play-to-earn games is distributed among community managers, guilds, and players themselves. Players take 70% of the revenue, 20% is taken by managers, and the remaining 10% is taken by the guild. YGG is the native token of Yield Guild Games. It is a governance token that allows holders of tokens to participate in various DAO activities of the guild. YGG tokens can be staked to receive guild-related benefits and rewards such as token rewards related to YGG DAO’s overall activities, access to exclusive content and benefits within the YGG Discord server, access to exclusive merchandise selections, and voting in DAO-related matters. As of writing this article, the price of the YGG token is 5.45 US dollars and has a market cap of 376 million dollars Thetan Arena (THG) Thetan Arena is an e-sport game based on Blockchain technology. Users can gain coins by forming a team and battling with other teams. Thetan Arena’s gameplay is designed in a way so that combination of your personal skills and teamwork is used to win battles. Players can play various game modes: MOBA & Battle Royale that comes with monthly updates and attractive rewards. Unlike Axie Infinity, Thetan Arena requires no initial investment to start. Players do not need to pay a starting fee or own anything such as non-fungible tokens (NFTs) before beginning. Thetan Arena has its own token called THG. It is a governance token. Holders of THG tokens can participate in governance functions. As of writing this article, the price of the THG token is 6.95 US dollars and … Continued

The post Top Play-to-Earn Gaming Projects to Watch in 2022 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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