Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Gaming is a major industry globally that is worth more than $500 billion. One of the fastest-growing sub-sectors in the industry is associated with blockchain. Using blockchain, people can play-to-earn and avoid centralized gaming platforms. So, here are the best gaming projects and cryptocurrencies to invest in.
Axie InfinityÂ
Axie Infinity (AXS/USD) is the biggest decentralized gaming platform in the world. According to CoinGecko, the total market cap of the AXS token is more than $6.6 billion, making it the 26th biggest coin in the world. It is even bigger than Zynga, the parent company of Farmville, Mafia Wars, and Zynga Poker.
Axie Infinity is a platform that enables people from around the world to play games on their desktop and computers. The winners of these games is paid using the AXS token.
Axie Infinity is also building a digital land platform where people can buy plots and develop them for their metaverse. It is also one of the leading platforms for non-fungible tokens (NFT).
The AXS token price has done well in 2021. It has risen by more than 15,000% this year as the industry has become popular. It could keep rising in the future, making AXS a good gaming cryptocurrency to buy.
Gala Games
Gala Games (GALA/USD) is also a leading decentralized gaming platform. The platform enables people to play games in a decentralized way and then win GALA tokens. The developers have already unveiled a few games, including the Walking Dead, Mirandus, Legacy, Echoes of Empire, Last Expedition, and Town Star among others.
These games are all play to earn, meaning that winners are rewarded using the GALA token. Like Axie Infinity, Gala Games is also a major player in the NFT industry. A closer look at its marketplace shows that there are many NFTs worth more than $100k on sale. Others are sold out.
The GALA price has jumped by more than 600% in the past three months and the trend will likely continue. GALA is a good gaming cryptocurrency to buy.
Decentraland
Decentraland (MANA/USD) is another good gaming and NFT cryptocurrency to buy. It is a platform that enables people to create their own metaverse. One can buy virtual property and play online games with members of the community. All transactions in the network are implemented in MANA, the native token.Â
Decentraland is a leading NFT platform. Indeed, in the past few months, the prices of key items in the network has been getting expensive. People are even spending millions of dollars to buy its virtual land. Therefore, as the industry grows, there is a likelihood that the MANA price will keep soaring.
The post Top 3 gaming and NFT cryptocurrencies to buy in December appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.