There is an expanding array of cryptocurrency 'asset classes' available, ranging from decentralized energy tokens to those for transactions, covering a broad spectrum.
A newly emerging class of cryptocurrencies is designed specifically for various roles within the swiftly advancing gaming and eSports sectors, with developers eagerly uniting these fields.
Today, we're diving into some emerging crypto projects centered around gaming to give you better insight into this burgeoning category of cryptocurrency assets.
WAX
WAX WAX stands out among the most thrilling crypto gaming ventures today, offering a decentralized marketplace for trading digital game-related items like protective gear or weaponry in shooter games.
The market for game-related assets has surged, and WAX might be the global trading bridge these economies need.
This ambitious project has a talented team onboard, including macro investor Mike Novogratz, who has praised WAX.
Unikoin Gold
The Unikoin Aiming to be a decentralized esports betting market, this project foresees massive potential for growth in this arena, with Unikrn Gold positioned as the keystone for this explosive combo of betting, gaming, and blockchain.
Backers of this project, including Dallas Mavericks owner Mark Cuban and actor Ashton Kutcher, have invested heavily, making Unikoin a crypto to keep an eye on.
Enjin Coin
Enjin Coin This platform empowers gamers and developers to create and manage virtual game items via smart contracts on the Ethereum blockchain using Enjin Coin. ERC20 token .
The Enjin platform seeks to be a creative playground where content creators can utilize their work with the power of blockchain, opening up pathways for subscriptions, in-game assets, and more.
Consequently, Enjin is a notable player in the gaming crypto arena with the potential to expand its use cases significantly.
Decentraland
Decentraland Users can engage with a virtual reality platform strengthened by Ethereum blockchain, crafting, monetizing, and experiencing content. This platform is uniquely decentralized and user-owned.
Check out our full guide For further information, refer to our piece on Decentraland.
Chimaera
Chimaera is an intriguingly positioned gaming crypto that aspires to be a platform for seamless game creation and customization for broad dissemination.
Additionally, it explores off-chain scaling with 'game channels' or state channels, boosting swift and trustless gaming interactions on the blockchain. It includes essential features like an app store and a private messenger.
Keep an eye on this one for sure.
DreamTeam
DreamTeam DreamTeam focuses on forming ultimate eSports teams, setting up a network for gaming recruitment and management, which is critical as top gamers are becoming akin to star athletes.
As gaming markets grow more competitive, DreamTeam strives to harmonize them. Users and teams will find opportunities to monetize gameplay in what aims to be the ultimate eSports hub.
By the fall of 2017, DreamTeam's beta platform was operational.
First Blood
First Blood First Blood distinguishes itself by binding rewards to eSports; players earn 1ST tokens by outperforming competitors.
This play-for-profit aspect is anticipated to generate substantial interest. Combining gaming enthusiasm with the perk of payment on an Ethereum-based platform will redefine gaming.
Certainly, this ERC20 token deserves your attention moving forward.
Skincoin
Another ERC20 token, Skincoin This crypto, along the lines of WAX, concentrates on enabling the trade of 'game skins,' sought after in games like Counter Strike and Call of Duty, with Skincoin vying to become the main exchange for these digital assets.
Skincoin faces stiff competition from WAX, but in the crypto realm, even lesser-known endeavors can witness extraordinary growth if they fulfill their promises. Otherwise, they'll be eclipsed by established entities.
HunterCoin
HunterCoin HunterCoin prides itself on being the pioneering peer-to-peer MMO cryptocurrency game, leveraging a decentralized virtual universe over its blockchain.
Despite its innovation, HunterCoin is not a serious investment avenue; it remains an experimental hobby project with minimal marketing and a small, working-in-spare-time team, as per its website.
Nevertheless, HunterCoin showcases the potential of blockchain-built gaming worlds.
Skrilla
Skrilla is an Ethereum-based Skrilla offers a fantasy eSports betting experience where participants assemble teams and earn crypto for selecting standout performers.
Fantasy sports enthusiasts might find this appealing, yet they should beware: this mixture of fantasy sports betting, eSports, and crypto is intensely engaging and potentially addictive.
Given these factors, avoid rushing into Skrilla if you're not certain about managing it responsibly. Always avoid gambling with money you can't afford to lose.
BitQuest
BitQuest BitQuest is distinct from others, offering a Minecraft server with a 'Bitcoin denominated economy.' Fascinating, right?
A fork from an earlier iteration, the server maintains your transactions on a Bitcoin distributed ledger, letting you use a standard crypto wallet with a popular game like Minecraft. of Bitcoin BitQuest is expanding, having recently announced support for the 'jokecoin' Dogecoin.
There's significant growth potential within the eSports industry, paralleling cryptocurrency's evolution. While separate for now, these sectors might merge as both gain mainstream traction.
Conclusion
Professional gamers might find it challenging to grasp cryptocurrencies, yet the synergy between gaming and digital assets could naturally develop. We'll see how gaming cryptos carve out their future space.
The team-up could be explosively celebrated if the creators' visions come to fruition.
William M. Peaster, a seasoned writer and editor, specializes in subjects within the crypto economy like Ethereum, Dai, and Bitcoin, contributing to several notable platforms. He closely monitors components like smart contracts, DAOs, dApps, and Lightning Network, also studying Solidity. Contact him via Telegram at @wmpeaster.
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