Pros and Cons of the Top Crypto Gaming Tokens In 2023
BLOGGA3ULL, 29 September 2023
The gaming world has been levelling up in incredible ways, and in 2023, the fusion of gaming and cryptocurrencies took centre stage.
The impact of crypto gaming and their respective tokens has grown significantly, with several emerging cryptocurrencies vying for dominance in this dynamic and ever-evolving landscape.
Thanks to blockchain technology, gaming tokens now offer true ownership, unique features, and the potential for serious profits.
In this article, we will explore the advantages and disadvantages of gaming tokens and identify the leading gaming cryptocurrencies that have captured the attention of gamers.
Let’s begin!
What are Crypto Gaming Tokens?
Crypto gaming tokens allow players to earn unique digital assets on the blockchain. Unlike traditional games, these tokens offer true ownership and versatility. As decentralized assets, they foster a fair and transparent gaming environment, enabling direct interactions among players without intermediaries. It's a revolutionary concept redefining how we value and trade in-game achievements.
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What is Blockchain Gaming?
Blockchain gaming combines blockchain technology with video games. In regular video games, everything is controlled by a central authority like the game developer or gaming platform. But in blockchain gaming, things change! The technology moves to a decentralized system called the blockchain, which is open and transparent for everyone. This shift allows players to have more control and ownership over their in-game items and transactions.
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Top Advantage of NFT Gaming Tokens
Here are the top benefits of token gaming:
True Ownership
One of the most incredible things about NFT gaming tokens is that they grant you true ownership of in-game items - they're securely yours on the blockchain. Imagine having rare and unique virtual assets to keep and trade as you like.
Scarcity and Rarity
NFTs introduce scarcity and rarity to the gaming experience. Certain items or characters can become limited editions, making them highly sought after by collectors and fellow gamers. Being one of the few to possess such a rare item adds a new level of pride and exclusivity.
Interoperability
NFT gaming tokens can be used across multiple games and platforms that support them. This means your hard-earned virtual sword or pet can transcend boundaries, travelling with you from one game to another. It's like carrying a piece of your gaming legacy wherever you go!
Player-driven economy
With NFTs, players can participate in a player-driven economy. You can freely buy, sell, and trade items with other players, setting your prices based on demand and rarity. This decentralized marketplace gives you more control over your gaming experience.
Transparency and Security
Blockchain technology ensures transparency in the ownership and transaction history of NFTs. You can trust that your prized possessions are secure and verifiable, protected from hacks or fraudulent activities that could ruin the fun.
Supporting game developers
NFTs enable direct support to game developers. When you buy in-game items as NFTs, developers can earn a share of the proceeds directly, encouraging them to create more engaging and immersive gaming experiences.
Inclusivity and a diverse gaming ecosystem
NFT gaming tokens open up possibilities for smaller indie game developers to thrive. They can create and sell unique NFTs, fostering a diverse and inclusive gaming ecosystem with fresh and innovative ideas.
Play-to-earn opportunities
Some blockchain games offer play-to-earn opportunities, allowing players to earn valuable NFTs simply by playing the game well. It's like turning your hobby into a rewarding venture.
Community engagement
NFTs promote a vibrant community around gaming. Whether it's joining forces to defeat a powerful enemy or collaborating in the marketplace, NFTs bring players together, forging strong social bonds.
Memorable gaming experience
Ultimately, NFT gaming tokens enhance the overall gaming experience. From the thrill of owning exclusive items to the joy of discovering hidden treasures, NFTs add depth and excitement, making gaming even more unforgettable.
Risk of Gaming Tokens
While gaming tokens offer numerous advantages, they are not without their drawbacks. Here are some of the cons associated with gaming tokens:
Technical Barriers
Using gaming tokens often requires an understanding of blockchain technology and how to manage digital wallets. For some gamers, especially those unfamiliar with cryptocurrencies, these technical aspects can be challenging to navigate.
Scams and Fraud
The popularity of gaming tokens has attracted some bad actors who create fake or fraudulent tokens to deceive players and investors. Scams and phishing attempts can lead to financial losses and undermine trust in the gaming token space.
Lack of Regulation
As a relatively new and evolving space, the gaming token market is not as regulated as traditional financial markets. This lack of oversight can expose participants to potential risks, such as market manipulation and fraud.
Network Scalability and Costs
Depending on the underlying blockchain network, gaming tokens may face scalability issues, especially during periods of high demand. Additionally, transaction fees (gas fees) on certain blockchain networks can be high during busy times, making small transactions less feasible.
Environmental Concerns
Many gaming tokens are built on blockchain networks that use a proof-of-work (PoW) consensus mechanism, which requires significant computational power and energy consumption. This has raised concerns about the environmental impact of blockchain gaming.
Gameplay Imbalance
In some play-to-earn gaming models, players who can invest more time or money may gain an unfair advantage over others, creating gameplay imbalances that could detract from the overall gaming experience.
Dependency on Project Success
The value and utility of gaming tokens often rely heavily on the success and adoption of the underlying gaming project. If a game fails to gain traction or maintain a player base, the value of its associated tokens may suffer.
Limited Integration
While blockchain gaming is growing, not all mainstream gaming platforms have integrated gaming tokens and NFTs, limiting their accessibility and impact on a broader gaming audience.
How Can You Earn Money With NFT Games?
Here is how you can earn money by playing token games:
Play-to-Earn Rewards
Many NFT games have a play-to-earn model, where players can earn valuable in-game assets, items, or currency by actively participating in the game. Completing quests and challenges or achieving certain milestones within the game can reward you with NFTs that have real-world value.
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Trading NFTs
You can sell or trade NFTs on various NFT marketplaces as you accumulate NFTs within the game. Some in-game assets may appreciate in value over time due to their rarity or demand, allowing you to make a profit when you decide to sell them.
Best Gaming Tokens in 2023
3ULL Coin (3ULL)
3ULL Coin is built on Avalanche Subnet technology, and is the core asset of the new PLAYA3ULL GAMES Marketplace. There will only ever be 50 billion 3ULL Coins. Coins are distributed daily through the PLAYA3ULL Games Master Nodes.
Enjin Coin (ENJ)
Enjin Coin is designed for the gaming industry and enables the creation of NFTs representing in-game assets, items, and collectibles. It aims to foster true ownership and interoperability across various games.
Decentraland (MANA)
Decentraland is a virtual reality platform where users can buy, sell, and build on virtual land parcels. MANA is the native cryptocurrency used for transactions and governance within the Decentraland ecosystem.
Axie Infinity (AXS)
Axie Infinity is a blockchain-based game where players collect, breed, and battle fantasy creatures known as Axies. AXS is the governance and utility token of the platform.
The Sandbox (SAND)
The Sandbox is a virtual world platform that allows users to create, own, and monetize gaming experiences and assets. SAND is the native utility token used for transactions and governance.
Immutable X (IMX)
Immutable X is a layer-2 scaling solution for Ethereum, specifically designed for NFTs and gaming. It aims to provide fast and gas-free transactions for gaming assets.
Render (RNDR)
Render (RNDR) is a gaming token with a unique purpose within the gaming industry. Instead of focusing on play-to-earn mechanics like some gaming tokens, RNDR aims to revolutionize the rendering of high-quality graphics and videos. Gamers and content creators can rent their idle GPU computing power to the Render network, earning RNDR tokens in return.
Gala (GALA)
Gala is a gaming token specifically crafted to establish a decentralized gaming ecosystem enriched with play-to-earn features. Within the Gala platform, players have the opportunity to accumulate GALA tokens through various activities such as engaging in games, contributing to the ecosystem's growth, or staking GALA to receive rewards. These earned tokens can subsequently be employed for in-game transactions or freely traded on various cryptocurrency exchanges.
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Conclusion
To participate in this exciting world of crypto gaming tokens, individuals should stay informed, exercise caution, and conduct research before investing time and resources. While the potential for growth and financial gains exists, it's important to approach the gaming token market with a balanced understanding of both its advantages and risks. Happy NFT gaming!
Want to experience the thrill of the Web3 game called NEXUS with others? The third-person MOBA is free to play now on the Epic Games Store. Download it here.
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TAKE3, 20 December 2024
Top 8 Blockchain Game Companies You MUST FOLLOW
With so many new blockchain game companies formulating over the years, finding good, reliable companies to trust can be daunting. With the inception of blockchain technology and Non-Fungible Tokens (NFTs), video games now have a way to verify ownership and give power back to the players. But what are some great companies to begin your Web3 gaming adventure with?
Below is a list of 8 blockchain game companies leading the charge.
PLAYA3ULL GAMES
PLAYA3ULL GAMES is a blockchain game company that is making waves by planning to release 30 games in 10 years. They already have two games out on the Epic Games Store, including NEXUS and ORDINEM, and they are simultaneously working on more innovative games. PLAYA3ULL GAMES is unique because they have their own subnet on Avalanche, and all games integrate their native in-game currency 3ULL Coin. Creating exciting multiplayer games of popular genres, PLAYA3ULL GAMES are constantly pushing the boundaries and even have a new AI division that will speed up game production and give players unique interactions in-game. Check them out if you haven’t already.
Notable Games - NEXUS, ORDINEM, DOGS OF WAR, STARVIN MARTIAN, and WAR OF STEEL.
Gunzilla Games
Gunzilla Games has dived into 2024 with an absolute bang. Their early access game Off the Grid has captured the attention of everyday gamers with the inclusion of popular Twitch streamers and a combination of proven game genres. The addition of NFTs has yet to be implemented in the game, which may deter traditional Web2 gamers from continuing. Still, Gunzilla Games has again shown the power of good blockchain game companies.
Notable Games - Off the Grid and TECHNOCORE.
Illuvium
Illuvium is the first blockchain game with a AAA video game budget. The community helps guide the direction of Illuvium, bolstering a thriving ecosystem with internal councils and decision-makers. The three games under the Illuvium umbrella help capture different audiences and game styles while providing in-game assets that convert to the next game. With Illuvium: Arena already on the Epic Games Store, they are primed to make a big splash in the coming years.
Notable Games - Illuvium: Arena, Illuvium: Overworld, and Illuvium: Zero.
Sky Mavis
Sky Mavis, the studio behind the original Play-to-earn game Axie Infinity, has built itself into a self-sustainable ecosystem of dedicated Web3 gamers. Creating the popular Ethereum sidechain Ronin that hosts many up-and-coming Web3 games and Axie Infinity’s suite of branded games. They were a big deal in the 2021 Web3 gaming run and continue to show dedication in listening to their ever-growing community about the types of games their community wants.
Notable Games - Axie Infinity: Origins, Axie Infinity: Homeland, Axie Infinity: Raylights, and Axie Classic.
Dapper Labs
Dapper Labs is one of the most iconic blockchain companies to blast into the Web2/Web3 world. They are the original NFT game creators that broke the internet with Cryptokitties and supercharged mainstream NFT adoption with NBA Topshots. They continue to wow audiences with their huge collaborations with big brands like NBA, NFL, La Liga, and Disney.
Notable Games - NBA Top Shots, NFL All Day, Disney Pinnacle, and Cryptokitties.
Animoca Brands
Animoca Brands is one of the premier NFT gaming investment companies that also produces their own blockchain games. Animoca continues the drive for better digital rights in the metaverse and publishes multiple research pieces on the current state of Web3 games and ecosystems. Their smash hits include the metaverse juggernaut The Sandbox and mobile gaming giant Benji Bananas.
Notable Games - The Sandbox, Mocaverse, Revv Racing, Phantom Galaxies, and Benji Bananas.
LiquidX Studios
LiquidX Studios is a relatively new blockchain company that has taken responsibility for a fallen NFT project called Pixelmon. LiquidX Studios bought Pixelmon (the most overhyped NFT project) and is steering the game in its intended direction. More impressively, they are creating multiple mini-games under the Pixelmon IP, attracting the casual gamer audience. Diversifying out, LiquidX Studios also has an anime scheduled in 2025 under the name Stealth. This is one company not to be overlooked.
Notable Games - Pixelmon, Wardens Ascent, Warriors of Novathera, Kevin the Adventurer, and Pixel Pals.
Immutable Games
Immutable Games should need no introduction. They are one of the biggest blockchain gaming companies in Web3 and have their own Ethereum layer-2 blockchain dedicated to fostering Web3 gaming adoption. Their two mainline games are Gods Unchained and Guild of Guardians, and both are making strides in the Web3 world. Immutable also hosts over 200+ games on its blockchain and is a great destination for gamers at every level.
Notable Games - Gods Unchained and Guild of Guardians.
With so many exciting new blockchain companies on the rise, it’s no wonder the web3 gaming world is primed for worldwide adoption. We’ll see you next week for another deep dive into the incredible world of video games and blockchain gaming.
Until next time, gamers - GG Well Played!
Want to experience the thrill of a Web3 game called NEXUS with others? The third-person MOBA is free to play now on the Epic Games Store. Download it here.
TAKE3, 07 December 2024
Monthly Recap | November 2024 | PLAYA3ULL GAMES
Welcome to the monthly recap by PLAYA3ULL GAMES! Here, we’ll give you updates on each game, team, partnerships, and other exciting events happening for PLAYA3ULL GAMES (PG). These include new updates and concept art for our collection of games,recaps and previews of upcoming events that we’re 3ULLISH on!
Get excited, because there’s so much waiting to revealed to you, our loyal audience. Let’s 3ULL rush in!
Web3 Gaming Update - PLAYA3ULL GAMES team
We’re excited to share that we’ve hired THREE new people to the PG family this month!
The new members include:
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Senior QA Engineer.
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QA Engineer.
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Art Director for DOGS OF WAR.
Give them a warm welcome, and let’s keep pushing the boundaries of Web3 Gaming!
NEXUS
Placing a turret to beam down incoming enemies.
NEXUS is a competitive third-person Multiplayer Online Battle Arena (MOBA) shooter that soared to the #1 trending game on the Epic Games Store in its first week of release.
Lock onto these exciting updates this month:
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A new and exciting first look at the revamped abilities dashboard.
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Exclusive footage of placing a turret onto a minion wave.
ORDINEM
Gaze at the upgraded ORDINEM main menu.
ORDINEM lets you command one of five mythical factions, using your deck of cards to cast spells and summon creatures.
Summon your eyes on these updates:
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The official release of ORDINEM is on Epic Games Store.
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Deck selection has been upgraded
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No more repeated cards cluttering the deck screen
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Dynamic new animation for card pack openings.
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New radial menu.
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New, cleaner icons.
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Brand new defeat screen.
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Skip the button to bypass the card opening animation.
STARVIN MARTIAN
New destructible rocks, junk, and rockets!
Build your farming empire on Mars with STARVIN MARTIAN. Through challenges and rewards, expand your holdings by growing intriguing alien crops and raising exotic livestock.
Voyage into the latest updates:
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More in-game assets: a new range of trees, coconut palms, a radioactive grapefruit tree, a plum tree, a prickly pear tree, a mining truck, a Martian mine, destructible rocks, junk, and rockets.
WAR OF STEEL
A new look at this HD render of a Mech.
WAR OF STEEL delivers fast-paced Battle Royale action, combining quick decisions, lightning reflexes, and explosive mech combat.
Dive into its highly anticipated updates:
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New concept weapons: assault rifle and shotgun.
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An exclusive clip of a mini-gun in full combat with a mech.
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New mech HD renders.
DOGS OF WAR
A blissful look at the environment of DOGS OF WAR.
DOGS OF WAR delivers stylish survival gameplay with a twist - you play as a hybrid canine-human genetically engineered for combat.
Sniff out the updates here:
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New environmental footage of the Waterfall, Small Town, Lakeside, Fishing Village, and the Mountain Caves.
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Footage of weather effects like thunder and rain.
Web3 Events Update - Aus Crypto Con 2024 recap
The PLAYA3ULL GAMES team of Michael (Credi3ULL), Ben (Transforma3ULL), Emily (Imagina3ULL), and Daelum (Likea3ULL) made the hard-to-beat 3ULLish team at the Australian Crypto Convention in Sydney, Australia, on November 23-24, 2024. PLAYA3ULL GAMES was a registration sponsor for Aus Crypto Con. This included a nifty booth, a panel talk, and a presentation about the state of crypto gaming and how PLAYA3ULL GAMES are innovating within the web3 space. We even had a mechanical 3ULL ride to celebrate the Q4 bull run!
Upcoming Web3 Event - Global Blockchain Show (Dec 12th-13th in Dubai)
PLAYA3ULL GAMES will showcase our unique ecosystem in Dubai at the Global Blockchain Show on December 12th and 13th. We’ll also have a panel discussion on Day 1 and a keynote on Day 2. Details are listed below.
Panel Discussion - Day 1
Topic: Building the Open Metaverse: Winning Web3 with Gamification
Time: 10:55 AM – 11:30 AM
Date: 12th December (Main Stage)
Panelists:
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Yat Siu, Co-Founder & Chairman, Animoca Brands
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David Palmer, Chief Product Officer & Co-Founder, Vodafone’s Digital Asset Broker (DAB) Platform
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Johnson Yeh, Founder & CEO, ROEHL/Ambrus Studio
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Jonathan Bouzanquet, Chief Strategy Officer & Founder, Playa3ULL Games
Moderator: Alnura Belyalova, Director of Public Relations, INPUT Communications Agency
Keynote - Day 2
Time: 9:40 AM – 10:00 AM (20 minutes)
Date: 13th December (Main Stage)
Topic: TBA
What a big month November was for us! We’re closing out the final month of 2024 with a bang and plan on continuing our 3ULLISH run into 2025.
With so much going on, stay in touch via Discord to find all the information you need about our upcoming games.
Did you know that we also release weekly video updates? Watch the video below for more sneak peeks of the fantastic games PLAYA3ULL GAMES are releasing next.
Subscribe to the PLAYA3ULL GAMES YouTube Channel to catch our weekly updates on our games.
Until next time, gamers - GG Well Played!
Want to experience the thrill of NEXUS with others and enjoy rewards for playing? The third-person MOBA is free to play now on the Epic Games Store. Download it here.
TAKE3, 29 November 2024
PLAYA3ULL GAMES wins crypto gaming at the Australian Crypto Convention 2024
The PLAYA3ULL GAMES team of Michael (Credi3ull), Ben (Transforma3ULL), Emily (Imagina3ULL), and Daelum (Likea3ULL) had the pleasure of attending the Australian Crypto Convention in Sydney, Australia on November 23-24, 2024. PLAYA3ULL GAMES was a registration sponsor for Aus Crypto Con. This included a nifty booth, panel talk, and a presentation about the state of crypto gaming and how PLAYA3ULL GAMES are innovating within the web3 space. We even had a mechanical 3ULL ride to celebrate the Q4 bull run!
Read our takeaways from the events below.
Leveraging the excitement at our booth
The 3ULL ride was a popular attraction at Aus Crypto Con.
The whole weekend was filled with excitement, and many new faces discovered PLAYA3ULL GAMES at our booth. We showed off our fantastic collection of games like NEXUS and ORDINEM, and people took the opportunity to share their details (either when registering their tickets or at our booth) to receive an exclusive 3ULL Coin drop after the event concluded. Meeting the local Australian community was also an incredible experience, as we were the only crypto gaming company at the conference.
Our mechanical 3ULL ride was a HUGE success! Riders eagerly tested their endurance, challenging themselves to see how long they could hold on. The top 10 riders with the best times shared in the total prize pool of $1,500 USD paid in 3ULL Coins. Everyone who participated in the 3ULL ride competition received merchandise from PLAYA3ULL GAMES.
Presenting WTF is Crypto Gaming & Why is it important?
Michael Hanlon (CEO of PLAYA3ULL GAMES) presents at Aus Crypto Con.
The atmosphere was electric as our CEO, Michael, gave a 25-minute overview of crypto gaming and its importance. Included in the presentation was:
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The explosive growth of the gaming industry
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How gaming can be the bridge to true mass adoption of Web3
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The rise of Web3 gaming and how we got here
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Key pitfalls and solutions for ensuring Web3 gaming is successful
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How PLAYA3ULL GAMES is approaching this new frontier
Another key topic was the distinction between Web2 and Web3 gaming. This included comparing limited ownership (Web2) vs actual player ownership in the form of Non-Fungible Tokens (NFTs) for Web3. Additionally, the play-and-earn model showcased how gamers can now generate real-world value. The presentation was insightful, and the crowd visited the PLAYA3ULL GAMES booth afterwards to learn more.
Panel - Why 2025 could be the most transformative year for crypto gaming?
Insightful panel about the future of crypto gaming.
PLAYA3ULL GAMES hosted a great panel at the NEXA theatre that covered ‘Why 2025 could be the most transformative year for crypto gaming.’ It was moderated by Ivan Vantagiato (Crypto Serpent), with panellists Simone Clow (Zebrar), Ida Mok (W3GG), Alistair Rennie (Protocol Theory), and Michael Hanlon (PLAYA3ULL GAMES).
The panel revolved around the significant hurdles Web3 gaming encounters, including scalability challenges, user retention issues, and concerns about the sustainability of economic models. Security risks and the complexities of regulation compound these problems. However, technological advancements and more player-focused design approaches offer pathways to improvement. PLAYA3ULL GAMES is a compelling example of innovation within this evolving space.
There’s no better time to get into the PLAYA3ULL GAMES ecosystem
PLAYA3ULL GAMES' booth at Aus Crypto Con 2024.
With over 30 games planned to be released in 10 years by PLAYA3ULL GAMES, we’re a dedicated and experienced Web3 gaming studio. We leverage popular video game genres and combine them with actual player ownership and rewards. With a thriving Discord community and two games already released on the Epic Games Store (NEXUS and ORDINEM). Our innovative games have already captivated the hearts of gamers and will continue throughout the years as we release more games and build utility for the 3ULL Coin.
Thanks for reading another exciting update from the PLAYA3ULL GAMES. The weekend was packed with enthusiasm, and we can’t wait for you to see what’s in store for 2025 and beyond.
Until next time, gamers - GG Well Played!
Want to experience the thrill of another Web3 game called NEXUS with others? The third-person MOBA is free to play now on the Epic Games Store. Download it here.
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