Gaming tokens refer to the blockchain gaming industry, including different genres and formats. Blockchain technology has enabled fair and secure selling and buying of in-game items, thus providing gamers with a play-to-earn (P2E) economy. Hacker attacks became almost impossible because of data encryption and decentralized storage, encouraging gamers to switch to blockchain-based games and evolve and monetize their game characters. The gaming giants such as Epic Games and Ubisoft have broken into the blockchain market, catalyzing its growth.
Blockchain Gaming Market
By the end of 2022, blockchain gaming accounted for 52% of all blockchain activity. P2E games became very popular in developing countries, where citizens can earn massively more by playing than by having a local job. But most of the blockchain gamers are located in Japan.
In 2022, blockchain gaming attracted investments worth $12 billion, and the market size was $4.6 billion. By 2027, it is estimated to gain $65.7 billion, with a compound annual growth rate of 70.3%.
The gaming industry is also attractive for small investors as with blockchain and metaverse adoption, the awareness will increase, causing the growth of blockchain gamers' number and gaming tokens' prices.
Gaming Tokens at SpectroCoin
The Sandbox (SAND) - a user-generated metaverse
SAND is a utility token of The Sandbox play-to-earn platform. The Sandbox is a user-generated metaverse enabling gamers to create different items and whole games and participate in the in-game economy, monetizing their craft works and interacting with other users. The SAND token facilitates in-game transactions and also has governance functions. Users must stake SAND tokens to create games and items in the metaverse. The creator's role is accessible for all stakers as coding knowledge isn't required. All items exist in the form of NFTs and are unique. Besides crafting, users can hold events and even learn. Thus, in July 2023, the platform partnered with British Museum to make its collections accessible to the wide public by implementing its artifacts into the game space.
SAND is a small-cap token with a market capitalization of over $738 million, a market share of 0.063% and 68% of the circulating supply at the time of writing. According to CoinMarketCap, SAND is ranked #49 by market capitalization with 102,200 holders. Animoca Brands, a leader in digital entertainment and blockchain gaming, owns the Sandbox. The company attracts investors to extend the platform, and the game has growth resources.
Decentraland (MANA) - a virtual platform owned by users
Decentraland is a virtual reality world entirely built and owned by its community. Users can create content, hold and participate in events, make new friends, collaborate to design personal spaces and play. MANA is a utility token with governance functions giving access to the platform's features and products and the ability to submit and vote on operating proposals. The game items are issued as NFTs, and the MANA token is used to proceed with transactions. Users can buy and sell items on the Decentraland NFT marketplace.
MANA is a small-cap token with a market capitalization of over $620 million, a market share of 0.052% and 86% of the circulating supply at the time of writing. The MANA token is ranked #57 with 196,700 holders.
Enjin Coin (ENJ) - backs the value of blockchain assets
Enjin is a social gaming platform for individuals and businesses through which users can create websites and clans, chat, and host virtual item stores. The platform items are issued in the form of NFTs and are backed by Enjon Coin. Thus, items can be bought, sold and traded with real-world value.
Enjin Coin is a small-cap token with a market capitalization of over $261 million, a market share of 0.022% and 100% of supply in circulation at the time of writing. Enjin Coin is an ERC-20 token ranked #112 and held by 118,700 users.
How to Buy Gaming Tokens at SpectroCoin
You need to create or log in SpectroCoin account to buy or sell gaming tokens.
Then you need to deposit your account with EUR, USD or GBP using Skrill, Neteller, Payeer, Perfect Money, Advcash, SEPA, Faster Payments, Pacific Private Bank or Bankera or with cryptocurrencies using your wallet address.
And to purchase SAND, MANA or ENJ, go to the Exchange page, and choose the currencies you want to pay and receive.
You can safely store purchased gaming tokens in SpectroCoin crypto wallet.
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