One of the big innovations in PC and mobile gaming has to be the development of gaming cryptocurrencies. These cryptocurrencies keep on evolving which can make it difficult for enthusiasts to keep tab on them.
Here, we discuss the top ten cryptocurrencies that one should consider investing in 2020.
10 Gaming Cryptocurrencies You Should Know in 2020
- Enjin Coin
The team that has created Enjin Coin has an impressive history. The team has initially created the Enjin Network especially for players that enjoy Minecraft. The network allowed players to set up servers and trade online. However, there are no games that use Enjin Coin at present.
- Etheremon Token (EMONT)
We are talking about one of the most popular gaming cryptocurrencies that is inspired by Pokemon. Etheremon is a blockchain-powered game where players have to collect ‘Mons’ which are cute creatures. To play the game, you will need the Etheremon Token or EMONT.
Popular as a social network cryptocurrency, Steem is also increasingly being used to play games. This is mostly due to the growing popularity of Steem Monsters. This is a trading card game where players can buy packs using the Steem cryptocurrency. There are many Steem Monsters tournaments where players are awarded Steem.
- Tron (TRX)
A smart-contract platform, TRON is basically used only for the entertainment industry the only exception being TRON Legend, a multiplayer online RPG. You can collect heroes, fight bosses, and do other cool stuff in the game itself. More than 2000 users play the game and use TRON cryptocurrency every week.
Another smart-contract platform, EOS’s use in gaming has been increasing. But, EOS games are not that popular. The most popular one was the EOS Knights which was ranked third in blockchain app rankings a few months back. The cryptocurrency is used to trade on the game and pay the transaction fees
Nakamoto Run, a racing game where eight guinea pigs compete is powered by RUN cryptocurrency. RUN tokens are earned to play the game. Basically, you will have to bet on the guinea pigs and if you win you will be provided with RUN tokens through a smart contract after every round.
- MobileGo (MGO)
This is one of the most used cryptocurrencies that can be used over 500 games like Baldur’s Gate, 55 Street, Black Shot Global, and more. These are generally browser-based games and are free to play. MGO can be used to buy in-games products and upgrade to premium versions of the games.
Decentraland is a virtual world running on the Ethereum blockchain. MANA is the cryptocurrency that can be used to create 3D objects, sell them or rent them out. However, MANA was originally created to enable the sale of LAND inside the virtual world. It will be used in the future as a currency for content-creators who wish to create and sell objects in the virtual world.
- Ionomy (ION)
It is the cryptocurrency that is used on the Ionomy platform. Ever heard of the Offroad HJeat? Well, it is the only game left on the network. ION can be used to buy products that are in the game and subscribe to premium versions of games available on Ionomy network.
The primary cryptocurrency for the Loom Network, LOOM was designed by people who launched CryptoZombies and Zombie Battleground, a digital CCG. Loom Network is a DPoS side-chain that is used to boost the speed of games running on Ethereum. LOOM solves the problem of scalability for all blockchain game designers.
There you have it. We hope this piece of content helped you understand more about the modern-day gaming and associated cryptocurrencies. Let us know in the comment what you think about the future of gaming! We’d love to hear from you.