Cryptocurrency prices have been surging in recent months, with many digital assets seeing significant gains. This has increased the interest in the crypto market as more people want to invest in digital currencies. An important aspect of investing in the crypto market is the ability to identify “altcoin gems” – lesser-known cryptocurrencies that have the potential to generate strong returns. In this article, we review the top 3 gaming cryptos for 2023 that have great potential.
What are gaming cryptos?
Gaming cryptocurrencies, also known as in-game currencies or virtual currencies, are digital assets used as a medium of exchange within a specific video game or gaming platform. These currencies can be bought, sold and traded on various online markets and exchanges, and can be used to purchase virtual goods and services within the game. Some popular examples of gaming cryptocurrencies include Enjin Coin (ENJ) and Decentraland’s MANA.
These coins are based on blockchain technology, which allows for transparency, security and immutability of transactions. In some cases, in-game cryptocurrency can also be used to purchase physical goods and services outside of the game. The use of cryptocurrency for gaming is growing in popularity as it enables easier and more secure transactions within the gaming industry, and also opens up new revenue opportunities for both game developers and gamers.
Is Gambling Crypto Risky?
Owning Gaming Cryptocurrencies Can Be Considered loaded dice Like any other investment in the cryptocurrency market. The value of gaming cryptocurrencies can be highly volatile and subject to market speculation. The gaming cryptocurrency market is still relatively new and not fully regulated, which also adds to the risk. Also, the success of a specific gaming crypto is closely related to the success of the game or platform it is associated with. If the game or platform becomes less popular, the value of the associated crypto may decrease.
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Top 3 Gaming Cryptos for 2023
Ax Infinity (AXS)
Sky Mavis is a tech-focused game studio founded in early 2018 and is the creator of Axi Infinity. The Pokémon and Tamagotchi video games served as inspiration for the entire AXI saga. Axi Infinity is classified as an NFT game that allows players to earn money by performing game related activities such as breeding, racing, combat and trading Axi animals.
axs is governance token , Those tokens allow their holders to earn a piece of the AXI universe, as they will have built-in governance rights and quota sharing. Players can earn this token just by playing!
Upland is a blockchain-based virtual world that allows users to buy, sell and trade virtual real estate. The virtual world is built on the Ethereum blockchain and users can purchase virtual real estate using UPX, Upland’s native cryptocurrency. Users can use their virtual properties to create and monetize content, such as digital art, games, and social experiences.
Upland’s virtual world is based on real-world locations and uses data from real-world properties. Users can own virtual assets in specific locations, such as San Francisco or New York City, and trade or sell them on the marketplace. The platform allows users to explore and interact with virtual worlds using a web browser or mobile app.
Decentraland is a decentralized virtual reality game built on the Ethereum blockchain. It allows users to create, experience and monetize content and applications in a virtual world. The platform uses a cryptocurrency called MANA, which is used to buy and trade virtual real estate and other in-game items. Users can buy and sell virtual plots of land in the virtual world, called LAND, using MANA. These parcels of land can be used to create and monetize content such as games, social experiences and digital art.