There’s a lot that occurred in 2021 that can form the crypto market in 2022.
First, excessive electrical energy consumption of Bitcoin and Ethereum was a topic of debate in 2021. A report by PwC reveals that one other blockchain community, Tezos, has proven enhancements in energy use. Such occasions can affect costs of cryptos in 2022.
Second, the cryptocurrency area is fast paced towards discovering the true utility of blockchain tasks. In just a few cryptos, this utility is about gaming, and concurrently incomes. Play-to-earn is gaining traction, and the latter half of 2021 was extra about NFTs, metaverse, blockchain gaming than about Bitcoin. The craze mirrored within the higher-than-expected features in these tokens.
Listed below are high 5 blockchain video games that will proceed their bull-run in 2022.
Additionally learn: 5 breakout altcoins with metaverse underpinning
1. Axie Infinity (AXS)
We all know that Bitcoin’s dominance within the crypto world was challenged by meme currencies like DOGE and SHIB in 2021. If there’s one cryptocurrency that emerged as a meme forex rival, it was the AXS token of Axie Infinity.
From actually nowhere at first of 2021 to a multibillion-dollar cryptocurrency by the tip of the 12 months, Axie Infinity was on a wild journey. A lot of the worth appreciation may be attributed to the blockchain gaming craze. Axie Infinity permits customers to breed creatures, named Axie, use them in combats, and even promote them by itemizing their holding on NFT platforms like OpenSea.
Axie Infinity is a whole ecosystem the place metaverse’s digital actuality combines with gaming and token holding to reward customers. Tons of of million value of AXS tokens commerce in a matter of simply 24 hours. Axie Infinity dwarfs the features made by Dogecoin or Shiba Inu in 2021.
© 2021 Kalkine Media® / Information offered by CoinMarketCap.com
2. Decentraland (MANA)
We all know that Fb would possibly quickly come out with its model of a digital actuality world the place customers can do a whole lot of issues like constructing homes and places of work and making mates.
Decentraland could have already got delivered on this depend. This Ethereum’s blockchain based mostly platform is a spot the place customers should purchase a chunk of land, after which create their very own world, which may be monetized. The challenge was launched in 2017 after an preliminary coin providing (ICO) occasion.
Additionally learn: What are DeFi games & which are the most popular DeFi games?
The metaverse world of Decentraland is made up of tens of 1000’s parcels of ‘LAND’. The challenge has NFT attributes as nicely. MANA is constructed on Ethereum’s ERC-20 protocol. NFTs, too, use Ethereum providers. This implies Ethereum’s token Ether may additionally discover extra utilization in 2022.
Decentraland too has emerged from virtually nothing at first of 2021 to changing into a multi-billion greenback market cap crypto.
3. The Sandbox (SAND)
From Adidas to SoftBank, large names thronged to this digital actuality sport in 2021.
The Sandbox helps customers create a fantasy world and earn from their holdings. The idea is just like the Decentraland’s metaverse, however each worlds have their distinctive choices. The Sandbox can be an Ethereum-based challenge, with a linked SAND token, once more an ERC-20-based crypto. Adidas tweeted about constructing ‘adiVerse’ utilizing The Sandbox’s platform. SoftBank additionally pumped in over US$90 million within the challenge.
Blockchain gaming, be it in Axie Infinity, Decentraland or The Sandbox, is all the time underpinned by energy distribution amongst customers. This implies there isn’t a centralized authority prefer it exists in standard video games. Blockchain permits customers to take part within the governance of the linked challenge by staking their tokens.
The Sandbox’s token SAND rose multi-fold in 2021, and the challenge is now a multi-billion greenback market cap cryptocurrency.
Additionally learn: Thanksgiving & NFTs – Macy’s, Martha Stewart join the craze
4. Enjin Coin (ENJ)
Enjin is a minting platform the place players can flip their digital world holdings into tradable property. Enjin helps mint NFTs, which could be a income producing supply for players.
Enjin additionally supplies pockets providers and has an in-house market to commerce tokens. The challenge claims to supply minting providers with out the consumer having to jot down any code. The community helps constructing web sites and different software program merchandise.
Enjin, additionally an ERC-20 crypto token, makes use of Ethereum’s blockchain. The challenge has but to turn out to be as large as Axie or Decentraland, however it’s within the high 100 cryptos by market cap. It rewarded its backers in 2021 with an enormous worth appreciation.
5. Alien Worlds (TLM)
This fifth blockchain sport on the listing isn’t as large because the above 4 by way of market cap. However, it has one of many highest numbers of customers within the class.
Alien Worlds has but to turn out to be a billion-dollar cryptocurrency, however it’s gaining traction. It has a novel idea the place customers compete with each other to be elected as ‘councilor’ of some planet within the digital actuality world. Alien Worlds permits customers to personal and commerce NFTs, apart from having the identical decentralized autonomous group (DAO) attributes as different blockchain video games.
The linked TLM token of the challenge may be staked to take part in voting. It’s also used to reward customers. Alien Worlds has but to indicate its true potential by way of returns for its token holders. Regardless of the features registered by different gaming tokens like AXS, TLM token has but to exhibit an identical bull section.
Additionally learn: Explained: Cryptocurrency categories – DeFi, NFT, Metaverse
Backside line
All blockchain video games have at the very least one factor in widespread — decentralization of energy, with customers voting on essential features of the sport by staking their tokens. Apart from this, all video games have their distinctive digital actuality world or metaverse. NFTs, DAO and use of Ethereum’s blockchain are additionally shared attributes.
2021 lifted the standing of metaverse tokens and took some sheen off meme currencies, because of Fb plunge within the digital actuality world. What attracts customers is the characteristic of enjoying and incomes by changing NFTs into actual world cash. 2022 could possibly be a 12 months of much more cash going into metaverse tokens.
PS: Information & Figures as on December 8, 2021
