This article is updated on a regular basis to include all the latest and relevant blockchain game tokens.
Thanks to blockchain technology and the tokenization of game assets, game designers are now capable of assigning a certain asset to a certain player. With the tokens for these items in their wallet, players use, sell or trade any way they want. The more time they spend in a game, the more valuable their acquired resources might become.
In essence, a play-to-earn game is distributed freely, just like a free-to-play game. However, in the current blockchain gaming market, there are plenty of games that require an initial investment. In addition, there are games that are available freely, but basically require users to invest before they are really capable of generating value.
The purest form of the play-to-earn business model allows every player to experience the full game and generate value by doing so. The more time is invested, the more value can be created. Every player is an integral part of the open in-game economy, selling and buying items to their own likening.
In this article, we will introduce readers to the top blockchain game tokens that also have a purpose within the DeFi ecosystem allowing holders to earn. Each token within this article links out to a more in-depth article on that specific token explaining the basics of the token, highlighting the most popular trading pairs and price moves to-date.
Atari Token – ATRI
The Atari Token is a decentralized cryptocurrency based on the Ethereum blockchain. It was designed by Atari Chain Ltd — a subsidiary of the video game and consumer electronics firm Atari Interactive specifically for the needs of the interactive entertainment industry. Atari adds ATRI to its own casino websites and has been creating partnerships with companies like Chain Games, Animoca Brands, and Decentraland. Read more…
Axie Infinity Shards – AXS
Inspired by popular games like Pokemon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle, and trade token-based creatures known as Axies. Each Axie is a non-fungible token (NFT) with different attributes and strengths. These Axies can be entered into 3v3 battles, with the winning team earning more experience points that are used to level up an Axie’s stats or evolve their body parts. These Axies can breed together to produce new and unique offspring, which can be used or sold on the Axie marketplace.
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. Read more…
Decentraland Token – MANA
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes, and a variety of other interactive experiences.
Decentraland uses two tokens: MANA and LAND. MANA is the native ERC-20 token, and a percentage of the MANA gets burned every time someone purchases an NFT. This can either be virtual land, digital clothing for your avatar, or interactive installations sold as an NFT. Read more…
ENJ token
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold, and traded with real-world value. Read more…
GALA token
Gala Games is new to the industry and it is yet to be seen what they can produce. Their competitive farming simulator TownStar allows players to earn GALA, while players can spend the token on NFTs for the existing game and upcoming titles. The performance of the token in its infancy would indicate a strong community with many expecting big things. Read more…
SAND token
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using SAND, the platform’s utility token. Players can create digital assets as NFTs, upload them to the marketplace, sell and buy them, and then drag-and-drop them to create game experiences with The Sandbox Game Maker. Read more…
SLP token
Small Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves as a replacement for experience points. SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace. Read more…
MEGA Token
MegaCryptoPolis is a decentralized city builder game running on Ethereum blockchain that you can play in any browser or on a mobile device. In order to play MegaCryptoPolis, you are required to have an Ethereum digital wallet like MetaMask, Trust, or COINBASE Wallet that allows you to securely store all your game assets and will also act as your login to the game. Another option would be a Tron-powered wallet, like Tron Link. MegaCryptoPolis taps into the Ethereum, Tron, and Polygon blockchains. The MEGA token is central to the entire economy. Read more…
Crazy Defense Heroes – TOWER
Animoca Brands has launched The Tower Experiment as an initiative to blend traditional free-to-play gaming with blockchain technology. They want to enable play-to-earn for their players and push the adoption of blockchain through traditional gaming. The first game to undergo this change is the tower defense game Crazy Defense Heroes. Animoca is now rewarding players through gameplay by handing out TOWER tokens. Read more…
Decentral Games – DG Token
In January 2021?, Decentral Games announced the addition of 400 Decentraland LAND parcels to their decentralized autonomous organization (DAO) wallet with a $500,000 USD market value. Now, DG token holders who create community proposals can vote to build casinos, games, art galleries, and more on any of the 400 LAND parcels in the DG DAO. It is hoped that this progress will secure future expansion and boost the platform even further. Read more…
Animoca Brands – REVV Token
REVV is a cryptocurrency token created on the Ethereum blockchain with its purpose to be used by motorsport games within the REVV ecosystem, which includes F1 Delta Time created by Animoca Brands. Animoca Brands are attempting to become a leader in blockchain gamification by developing and publishing a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing intellectual properties such as Formula 1, and MotoGP. Read more…
Useful Links
- Dapp Game Rankings
- Latest Dapp Industry Report
- DappRadar Portfolio Tracker
