The Next Big Play-to-Earn Cryptos
Searching for the next ‘Axie Infinity’ of P2E Gaming
If you are familiar with Axie Infinity, it has become the most popular play-to-earn game this year sitting with a market cap of over 9 billion dollars and ranked #25 of all cryptocurrencies in the world.
Axie Infinity has recently become the most popular Play-to-Earn game showing the world the potential of P2E gaming. Although the market price of Axie Infinity has plateaued in recent weeks, there are many up-and-coming Play-to-Earn games that may rival the success we have seen with Axie.
In this article, we will look a some of the upcoming play-to-earn gaming projects.
Here are our top 5 picks:
In descending order of market ranking:
Decentraland (MANA)
Sitting very close to Axie Infinity (ranked #25), Decentraland is ranked #28 and possibly will surpass Axie Infinity in ranking within the short term.
Decentraland has been around for a while, with an ICO taking place back in 2017. Only last year (February 2020) did the project open to the public and since then it has climbed its way up the ranks. Currently, this Play-to-Earn game and has the potential to keep climbing, passing Axie along the way.
Decentraland is a fully-fledged and well matured virtual reality platform that allows players to purchase plots of land that they can navigate and build upon (as well as monetize).
An important feature of this project is that it uses a decentralized autonomous organization (DAO), hence ‘decentraland’ for governance decisions, thereby allowing token holders to be in control of how Decentraland operates, such as voting on policy updates and the types of content allowed in the Metaverse.
It can be said, this is the first-ever virtual world that is truly owned and operated by its users.
Recently the market price of MANA spiked and as we are seeing swaths of new users join and participate, the project has the infrastructure and backend development to support massive continued growth. I will be keenly watching this project over the upcoming months.
Links: Website | Coinmarketcap
The Sandbox (SAND)
Ranked closely behind Decentraland is The Sandbox, ranked #49.
The Sandbox has been around for many years, first launched in 2011 by Pixowl. It is a virtual world (similar in many regards to Decentraland) that allows gamers to create, build, buy, and sell digital assets within the game. This project has also adopted the DAO (decentralized autonomous organization) approach allowing users greater control of the in-game asset and game development.
As we see with both The Sandbox & Decentraland, the adoption of a DAO framework where gamers are able to express their views about the gameplay has really helped both these projects grow into very popular P2E gaming platforms. As we will likely see, decentralized governance will be a necessary component of the future of successful game development.
Over the last month, both the market price and popularity of this game have continued to grow and this trend will likely continue. We are quickly seeing many play-to-earn games reach the top 50 ranked cryptocurrencies (by market cap) and we will likely see the composition of the top 50 cryptos include more P2E gaming as this market continues to develop.
The growth of The Sandbox has been consistent and as more players and the community grows we expect to see it continue to rise up the ranks.
Links: Website | Coinmarketcap
Gala (GALA)
Gala is a new rising star that has made considerable gains over the last week. The project launched in 2019 and has over a million monthly active users and in excess of 26,000 NFTs sold on their marketplace.
Currently ranked #209, this project will likely rank within the top 100’s in a very short time. With a strong community and excellent in-game quality, this project is growing in both market price and popularity and will likely continue to do so.
Gala is a gaming platform that already supports a number of very popular games, including Spider Tanks, Townstar, Mirandus, Echos of Empire and Fortified.
With an existing NFT platform, an excellent selection of games, and continued game development we see this project continuing up the charts at a rather fast pace.
Just in the last week, Gala has increased by over 300% and is well-positioned to continue on this incredible growth streak. Keep an eye out for Gala as it’s one of the new rising stars making its way up the charts.
Links: Website | Coinmarketcap
CryptoPlanes (CPAN)
CryptoPlanes is part of the CryptoCity metaverse where gamers are able to fly planes across an attractive landscape.
CryptoPlanes is an expansion of the CryptoCity metaverse. The place where the famous NFT racing game CryptoCars was founded. There are many player options when it comes to this game, including Player-Vs-Computer, Player-Vs-Player, and training mode. The game even includes Player-Vs-Car battle gaming.
Over the last few weeks, this project has been consistently climbing the charts with impressive gains over the last week. Currently ranked #567, it would be easy to see this project reach the top 100 rankings. With an ever-increasing community of players and addictive gameplay, this project will likely continue to climb its way up the ranks.
Links: Website | Coinmarketcap
CryptoMines (ETERNAL)
Our favorite up-and-coming crypto game is CryptoMines. Recent reports show that Cryptomines has become the top GameFi protocol on Binance Smart Chain. At an incredible $459 per token, the popularity of this game only continues to increase. The game aims to become one of the best SciFi GameFi projects on the blockchain and given its fun and addictive gameplay it is easy to see this happening.
Cryptomines is a science fiction, Play-to-Earn NFT game based in space requiring players to collect workers and spaceships as they gather ‘Eternal’ while they travel through the space metaverse.
The goal is to acquire Mining Power, which is limited by the number of workers hired (minted). The workers are limited by the number of spaceships owned. The more spaceships, the more options and rewards a player can achieve.
The graphics are incredible, it’s highly addictive and most importantly fun to play. The project is currently ranked at #2741 and has an unknown market cap. Pancakeswap is the most popular market to purchase this token.
If you are into play-to-earn gaming, you need to check this out.
Links: Website | Coinmarketcap
