Last updated on December 11th, 2024 at 05:32 pm
Gaming crypto tokens can fit into three different crypto token types depending on how you want to look at it. They serve in the capacity of utility tokens because they allow the holders to get the most out of the platform, security tokens as they lock out people who do not hold the token, and payment tokens because they can be exchanged on the platforms. It is an exciting mix of different uses on various platforms, and Lucky Pays casino leverages these tokens to offer seamless, innovative transactions for its players
Enjin is a blockchain platform designed for creating, managing, and trading virtual goods. It offers tools and infrastructure for game developers to integrate blockchain technology seamlessly into their games.
ENJ is primarily used within the Enjin ecosystem to create and manage non-fungible tokens (NFTs) representing in-game assets such as weapons, characters, and skins. These NFTs can be owned, traded, and used across different games that support the Enjin platform. Although not as popular as tether, bitcoin, and litecoin used by some of the popular crypto casinos here, there are currently a few online casinos offering Enjin coin for deposits and withdrawals.
Enjin emphasizes the concept of true ownership, where players have full control over their digital assets. This ownership is secured by blockchain technology, providing transparency and immutability.
Chiliz is a blockchain platform focused on the sports and entertainment industries, including gaming. It powers the Socios.com platform, which allows fans to engage with their favorite sports teams through blockchain-based voting and rewards.
CHZ is used as the native token for various activities on Socios.com, such as participating in fan polls, accessing exclusive content, and earning rewards through fan engagement. Sports teams and organizations can also create their fan tokens on the Chiliz blockchain.
Chiliz enables fan tokens to be traded on cryptocurrency exchanges, providing liquidity and utility to fans who hold these tokens. It aims to enhance fan experiences and monetize fan engagement in the sports and gaming sectors.
Theta is a blockchain-based video delivery and streaming platform that aims to improve the quality and efficiency of video content delivery, including live streaming.
While Theta is primarily focused on video streaming, it has applications in the gaming industry, especially for platforms that host live gaming content. THETA tokens can be used for various purposes within the Theta network, including rewarding content creators and viewers.
Theta utilizes a decentralized network of nodes to relay video streams, reducing latency and improving overall streaming performance. Content creators can earn THETA tokens by contributing their computing resources to the network or by engaging with viewers through interactive features.
Decentraland is a virtual reality platform built on the Ethereum blockchain. It allows users to buy, sell, and build virtual land parcels using MANA tokens.
MANA is used to purchase virtual land and digital assets within Decentraland. Users can create and monetize experiences, games, and art on their virtual properties, forming a decentralized virtual world.
Decentraland’s virtual world is governed by a decentralized autonomous organization (DAO), where MANA holders can participate in decision-making processes related to platform development and governance.
Sandbox is a virtual world platform where players can create, own, and monetize gaming experiences using blockchain technology.
SAND tokens are used to purchase virtual land, assets, and services within the Sandbox platform. Users can build and publish games, art, and social experiences, leveraging the platform’s tools and marketplace.
Sandbox emphasizes user-generated content and community-driven development. It provides a metaverse-like environment where players can explore, interact, and engage in various activities across virtual lands owned by individuals and organizations.
6. Axie Infinity (AXS) Platform
Axie Infinity is a blockchain-based game featuring collectible creatures called Axies. Players can breed, battle and trade Axies using AXS and Small Love Potions (SLP) tokens.
AXS is the governance and utility token of the Axie Infinity ecosystem. It is used for staking, voting on network proposals, participating in tournaments, and accessing premium features within the game.
Axie Infinity gained popularity due to its play-to-earn model, where players can earn AXS and SLP tokens by actively participating in the game’s ecosystem. The game combines elements of gaming, NFTs, and decentralized finance (DeFi) in a vibrant, community-driven environment.
Alien Worlds is a blockchain-based game that simulates a metaverse where players can own virtual land, mine resources, and participate in governance.
TLM is the native token of the Alien Worlds ecosystem. It is used for various in-game activities such as mining, staking, governance voting, and trading virtual assets.
Alien Worlds leverages NFTs for virtual land ownership and resource extraction. Players can compete for resources, collaborate in decentralized organizations (DAOs), and earn TLM rewards based on their contributions and achievements in the game.
