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- Play-to-earn models are gaining traction, with Axie Infinity leading the charge.
- Investors are paying more attention to track-focused platforms including Decentralland.
- With gaming crypto, scalability solutions for NFTs like Immutable X are growing in relevance.
The combination of gaming and blockchain is still continuously growing and may create high-return business opportunities. Some of the cryptocurrency tokens linked to gaming have become market leaders because of the changes that have come into the market, and the brilliant future that is being predicted. The following is a review of five definitions of gaming crypto tokens that analysts expect to surge in 2024.
Axie Infinity (AXS): Pioneering Play-to-Earn
Axie Infinity has become one of the leading companies with play-to-earn games. Axies are little creatures, that are the basis of the game’s economy and have gained a significant number of participants. AXS is used to make important decisions to determine the future of the sport since it acts as the governance token for the platform.
Decentraland (MANA): Shaping the Metaverse Landscape
MANA is essentially an integral part of Decentraland’s VR business environment as it represents the decentralized virtual real estate market. With more and more people developing an interest in metaverse experiences Decentraland already occupies a position that might see its demand for MANA tokens rising.
Immutable X (IMX): Scaling NFT Transactions
For a long time, scalability has been a major problem In the NFT space and Immutable X solves this problem by providing gas-less minting and trading of NFTs. IMX is one the watch out for in the next year mainly because it specializes in gaming NFTs and works closely with game makers.
Enjin (ENJ): Facilitating In-Game Asset Creation
Using their ecosystem, Enjin empowers developers to share and coordinate various game assets within the blockchain. The ENJ token that was previously used to provide the value of different items that were given the NFT treatment through the platform has been eyed by players and crypto enthusiasts.
Gala Games (GALA): Empowering Player Ownership
Gala Games seeks to disrupt the gaming industry to participate by offering players full ownership of the items in the games. The main uses of the GALA token include use in governance and the distribution of rewards within the ecosystem.