If you’re even a bit into cryptocurrencies and blockchain, then there’s a good chance you already know that these technologies are slowly but surely carving their wait into our daily lives. While some industries are still reluctant to give into cryptocurrency and blockchain technologies, there are many who are accepting them with open arms.
Blockchain and cryptocurrencies have been disrupting industries such as banking, healthcare, real estate, rental and ride sharing, aid organizations for quite some while now. Among these well-established industries, there is one industry that seems to be pretty much perfectly suited for blockchain and crypto integration, and that is the gaming/eSports industry.
Unsurprisingly, during the last few years, the video game-related cryptocurrencies have exploded in price and volume. Below, we are listing some of the most notable gaming cryptocurrencies that promise to improve the worldwide gaming industry in 2019.
MobileGo is one of the most popular decentralized, blockchain-powered crypto platform to become highly associated with the gaming industry over the last few years. Created by GameCredits Inc. in 2017, it aims to bring eSports closer to everyone and revolutionize the industry as we know it.
The MGO is an ERC-20 token that runs on the Ethereum platform and is designed to facilitate P2P matchplay and all sorts of tournaments for competitive gaming. The token, that is currently ranked 80th on CoinMarketCap, is also responsible for ensuring that there is no fraud in prize money and that payments and rewards are always delivered once the competition is over.
Apart from this, the token offers its holders more rewards for gaming content creators, new and exciting opportunities for gamer-audience interaction, and the expansion of competitive gameplay beyond PCs to mobile devices.
GameCredits is a peer-to-peer and open source cryptocurrency platform that enables payments for both game developers and gamers. But most of all, the platform is focused on providing a secure, and reliable system that can potentially replace most in-game buying options and mechanisms. Released in 2015 under the name of GamersCoin (GMC), the project was later rebranded, even though it shares most of the principles of the first.
The GAME token brings a series of advantages for its holders. In the case of developers, these are 90% share for their services on the GameCredits store and the issuance of games free of cost with a minimum revenue share of 10% and getting paid in under 60 hours.
Decentraland is one of the most advanced crypto platforms of its kind as it tackles a very interesting concept in the gaming industry, that of VR. More to the point, this VR, blockchain-based platform allows anyone to purchase virtual land which can be used to create VR-specific games or apps.
Currently ranked 79th on CoinMarketCap, MANA, the project’s token, helps anyone monetize content on VR-based casinos or other types of gaming-related apps.
WAX is a modern, blockchain-based platform that acts as a complete marketplace for gamers. In short, the project focuses on providing a decentralized trading platform for digital, video game-based assets such as skins, weapons, and mods.
Currently, the token is sitting comfortably in 99th place on CoinMarketCap and has even managed to capture the interest of big names in the industry such as Mike Novogratz who praised the project for everything it stands for.
Enjin Coin (ENJ)
Enjin is a large gaming community platform that boasts nearly 20 million gamers worldwide. The platform’s crypto coin, the ENJ, is an ERC-20 token running on the Ethereum blockchain and it can be used to buy and sell items across thousands of games. The project boasts one of the most ambitious roadmaps and hopes to develop a smart wallet for in-game purchases, a plugin for Minecraft, and an escrow smart contract-contract for item trades.
The platform provides decentralization to allow the efficient management and trading of virtual goods. The token is now placed in the 115th place on CoinMarketCap.
Ionomy is a revolutionary project that aims to create decentralized gaming economy that unites players and game developers and move the industry away from billion-dollar tech giants that mostly aim to make a profit.
The project is based around on a static PoS algorithm, and the project’s token ensures that holders can compete for cash rewards, as well as trade digital assets. The token is currently ranked 416th on CoinMarketCap.
Loom Network (Loom)
Loom Network is a unique Ethereum-based, gaming, and social app development platform. The project is still very much in its infancy, but, if successful, it could pave the way to creating new giants similar in size and scope to massive hits such as World of Warcraft or other similar MMORPGs.
Games built with Loom Network would have multi-game-spanning universes, eternal worlds, tradable tokens, and a series of scarce items. Currently, Loom Network’s token, the LOOM, is ranked 110th on CoinMarketCap.
Without a doubt, there is a lot of room for growth and improvement in the gaming world of today. This is where cryptocurrency projects like the ones mentioned above come into play. Such projects will play an important role in decentralizing the gaming industry. The only real problem is the slow adoption rate.