Looking for the best video game cryptocurrency? Investors are always looking for the next best token in the Play-to-Earn space. Gamers use GameFi tokens to make in-game purchases, but let us not forget that investors can buy GameFi crypto, too, as an investment.
This article outlines exciting video game cryptocurrencies in the sections below.
The 12 Best Video Game Cryptocurrencies in 2023
With over 1,500 blockchain games out there, it can be quite a struggle to pin down the best video game cryptocurrency in terms of investment. We review ten to give investors a head-start in their research:
- Fight Out (FGHT) – Best Video Game Crypto with Industry-leading M2E Rewards
- Tamadoge (TAMA) – The Play to Earn Meme Coin With Huge Upside Potential
- RobotEra (TARO) – Upcoming Video Game Crypto with a Dynamic Ecosystem
- Battle Infinity (IBAT) – Pioneering Metaverse/Play-to-Earn Ecosystem Token
- Lucky Block (LBLOCK) – Token for Worldwide NFT Competition Platform
- Decentraland (MANA) – Token for Popular Play-to-Earn and NFT Metaverse
- Enjin Coin (ENJ) – Token for the Enjin Play-to-Earn Multiverse
- The Sandbox (SAND) – Classic Metaverse Token
- Gala (GALA) – Token for Player-Friendly P2E Platform
- STEPN (GMT) – Innovative ‘Move-to-Earn’ Token
- Axie Infinity (AXS) – Play-to-Earn Game Token Popular in Developing Countries
- Illuvium (ILV) – Fantasy Play-to-Earn Metaverse
A Closer Look at the Best Video Game Cryptocurrency to Invest in
Let us look at some of the most popular crypto games out there, as well as the tokens needed to play them.
1. Fight Out (FGHT) – Best Video Game Crypto with Industry-leading M2E Rewards
Fight Out is revolutionizing how people approach fitness by combining gamification with cutting-edge tools to help them achieve their fitness goals and live healthier lifestyles. With an emphasis on user engagement, the platform provides a one-of-a-kind experience that encourages users to continue their fitness journey.
The fitness platform has attracted significant investor interest during the pre-sale phase and raised a remarkable amount of over $4.7 million USDT.
It is anticipated that the upcoming launch of $FGHT, the platform’s native currency, via an Initial Exchange Offering (IEO) on April 5 will increase its value to $0.033 USDT per token. Early adopters who participated in the presale phase can profit from the increased value from the current rate of $0.02516 USDT.
Users can create Soulbound NFT avatars that enhance the gamification of their fitness journey upon registration.
Fight Out motivates users to maintain an active lifestyle and reach their fitness objectives by rewarding them with REPS. This digital currency can be earned by completing in-app challenges and participating in daily workouts. These REPS can be used to purchase NFTs and other subscriptions on the platform, giving users additional incentives to remain active and committed.
Moreover, the recent collaboration between Fight Out and MMA athletes Amanda Ribas and Taila Santos has increased the platform’s credibility. The extensive whitepaper provides a comprehensive overview of the platform’s offerings and growth potential.
$Tokenomics and Bonuses
Investors with $FGHT tokens can participate in platform tournaments and purchase REPS with a 25% bonus, making it a lucrative investment option. Those participating in the presale phase will have exclusive access to 13.5 percent of the 10 billion available tokens. In addition, investors who invest $500 or more will receive a 10% bonus over six months.
Users can join the Fight Out Telegram community to stay abreast of recent developments and announcements, ensuring they do not miss any critical updates.
14 December 2022
2. Tamadoge (TAMA) – The Play to Earn Meme Coin With Huge Upside Potential
One of the best emerging cryptocurrencies to buy in 2023, Tamadoge aims to bring a new and exciting spin to the canine-themed meme world of Dogecoin.
In 2021, investors who timed it right made good returns by choosing to buy DOGE. And now there’s Doge with utility: investors who buy TAMA can use it to breed their own NFT pets and compete to earn more TAMA.
The flourishing play-to-earn gaming platform has once again caught the eye of gamers with its latest game launch, “To The Moon.” This exciting new addition to their arcade lineup, totaling three games, has already amassed an impressive number of play hours. This game was launched following the highly successful debut of “Super Doge,” which garnered an overwhelmingly positive response from users in a remarkably brief period.
The commercial idea with Tamadoge is to leverage the massive popularity of the Doge world – and supercharge it with some rewarding Play-to-Earn gameplay. Players can buy and train their own NFT pet, which is represented in 3D graphics. Each pet is unique, with its own strengths and weaknesses. Pets compete in the Tamadoge arena to earn Dogepoints for their owner. And top Dogepoint holders are then rewarded in TAMA.
Tamadoge is not just aimed at serious Play-to-Earn fanatics. This gentle NFT-based game is aimed too at casual players who want to learn how to earn cryptocurrency playing games.
When it comes to tokenomics, a plus point of Tamadoge is that it is deflationary (so there’s always upwards price pressure), with 5% of pet store tokens burned making for an ever-decreasing supply of coins.
TAMA sold out its presale in record time before becoming one of the top projects of the year by pumping to nearly 2,000% from its presale price to an all-time high of $0.194.
The main game is still in development for 2023 – with the NFT Pets becoming the top trending collection on OpenSea when it launched – with mini games set for release in Q1 2023. Update – its first game Super Doge has now been released.
With its simple idea, Tamadoge could turn out to be one of the most popular crypto games in 2023, while the TAMA token is expected to pump in the coming months when crypto market conditions improve.
3. RobotEra – Upcoming Video Game Crypto with a Dynamic Ecosystem
TARO is one of the hottest video game crypto as it provides investors with several other methods of earning more coins in the RobotEra ecosystem.
In the newly launched project, which started its presale in November 2022, players use robot NFT avatars to rebuild the planet Taro after a cataclysmic event ruined it – with robots making a new contract agreement not to destroy each other, even in fierce conflict.
Players will improve Taro by building robots and then purchasing metaverse plots of land and building infrastructure on top of them.
Players can build robot companions with different attributes and skills for mining minerals, building factories and collecting raw materials. The unique companions can be upgraded and are customizable and can be held or sold on the marketplace as NFTs.
The game’s ecosystem enables players to connect to other worlds and build a new metaverse platform with NFT communities, participate in concerts and host events.
Players are rewarding for attending events, while can also build their own event spaces and charge admission to other players.
RobotEra also rewards players for monetizing land by selling advertising space on billboards, while the metaverse can be mined for assets and rewards and Taro can also be staked.
To take advantage of the multiple in-game rewards offered by RobotEra, players need to buy TARO coins.
Players will not need any coding knowledge to build in RobotEra as it has its own custom tools – the founders expect new use cases and revenue streams to develop over time with few limitations on what players can develop.
Investors can buy TARO tokens now for just $0.02 each in the first stage of the presale. Tokens will increase to $0.025 in stage 2, while the third and final stage, will see coins selling for $0.032 – that’s a 60% increase in value players will enjoy if they buy the coins during the first stage.
The RobotEra whitepaper states that the developers have allocated only 15% (270 million tokens) of the total supply to the presale. That’s a small portion of all the $TARO coins that will be priced low.
Investors might be disappointed if they wait for the coin’s exchange listing because of a possible price pump and only 3% of the total supply allocated to liquidity for exchanges.
Updates about the coin and the game are sent via the Telegram channel, but investors shouldn’t wait for the next telegram, as it could be a notification of the sold-out presale.
|Presale Started||Q4 2022|
|Purchase Methods||ETH, USDT|
|Min Investment||1,000 TARO|
4. Battle Infinity (IBAT) – Top Metaverse/Play-to-Earn Ecosystem Token
Judging by excitement in the gaming community, this fantasy sports metaverse is shaping up to be the next Axie Infinity. Battle Infinity is an exciting new metaverse bristling with NFTs and Play-to-Earn (P2E) opportunities. And its token IBAT is well-placed to become the best video game cryptocurrency for 2023.
This mega offering hosts no less than six areas to give gamers an immersive fantasy sports experience powered by the top Unreal 3D graphics engine:
- IBAT Premier League: players connect their crypto wallet to dive in.
- IBAT Battle Swap: players buy IBATs here and swap them for other crypto.
- IBAT Battle Market: The NFT nerve centre, where players can buy and upgrade their avatar, buy in-game assets as well as land and even billboard advertising.
- IBAT Battle Games: The store for stellar Play-to-Earn/NFT games.
- IBAT Battle Arena: The action-packed fantasy sports arena where players put their avatars to the test.
- IBAT Battle Stake: Gamers can put their IBAT to work with three types of crypto staking available.
Launched in India and already reaching out around the world, Battle Infinity is set to challenge the big players in India’s fantasy sports as the most popular crypto game: Dream11 (100 million users) and Mobile Premier League (85 million users).
The project sold out its presale in just 24 days and potential investors can now buy Battle Infinity, on a variety of exchanges with more expected to come in the near future.
5. Lucky Block (LBLOCK) – Token for Worldwide NFT Competition Platform
With its focus on prize draws and competitions, Lucky Block is perhaps the best game to earn cryptocurrency if a gamer/investor is not that fond of video games.
Users of the hot new Lucky Block platform can enter competitions with great prizes – with $1m in Bitcoin, a Lamborghini and even a house among the rewards currently on offer.
The investor need only buy Lucky Block (LBLOCK) and use it to buy NFTs onsite.
Each collection of NFTs available relates to a particular prize draw – so investors can get strategic. Exclusive giveaways are available for Platinum Rollers Club NFT holders and Lucky Block NFT owners even get to earn rewards after competitions end.
As one of the coolest NFT projects, Lucky Block has a fully-fledged roadmap to back up positive LBLOCK price predictions. Part of the grand plan is to offer two versions of LBLOCK: the BEP20 versions available on decentralized exchanges, and the ERC-20 token which is now listed on multiple centralized exchanges.
The earlier LBLOCK is linked to jackpot rewards but features a 12% transaction tax to prevent early dumps after its launch. The later LBLOCK is not linked to jackpot rewards and comes with zero transaction tax.
The Lucky Block project has some serious experience behind it. Founder and CEO Scott Ryder has a raft of successful crypto projects behind including a DEX called DeFi Swap and its native coin DeFi Coin (DEFC).
Ryder also recently announced that, along with more listings on bigger exchanges, LBLOCK V1 token holders are now able to bridge to V2 and convert their tokens..
He also revealed token is also subject to a 1% monthly supply burn, which will drastically cut the supply of LBLOCK tokens and drive up the price.
6. Decentraland (MANA) – Play-to-Earn and NFT Metaverse
Decentraland offers crypto video games as part of its metaverse – and gamers and investors alike can buy MANA to get involved.
The Decentraland metaverse is browser-based and presents a virtual reality map based on plots of land. Investors and brands can buy these plots as NFTs using in-house crypto LAND (exchangeable for MANA). Plots are used to build virtual properties, which are then used as shops or to host events.
Numerous corporate brands bagged a Decentraland plot in 2021, including Adidas, Atari, Miller Lite and Samsung. Sotheby’s have held a virtual auction onsite and, in March 2022, a Decentraland fashion show attracted big brands like Dolce and Gabbana and Estée Lauder.
Exciting cryptocurrency video games are beginning to show up on Decentraland. Wilderness Play 2 Earn is a Free-to-Play MMO-RPG set in Decentraland’s ‘Magical Forest’. (MMO stands for ‘Massively-Multiplayer Online Game, and RPG stands for Role Playing Game). Gamers can earn in-game crypto $WLDY and win wearable NFTs for their avatar.
7. Enjin Coin (ENJ) – Token for the Enjin Play-to-Earn Multiverse
ENJ is the token for a whole ‘multiverse’ of metaverses hosted by Enjin. This multiverse hosts many play-to-earn games in one integrated world. Players can buy the ENJ token and use it mint NFTs for in-game equipment and avatars. A further crypto Efinity is used ‘to fuel a decentralized metaverse’.
Enjn hosts an NFT marketplace with 3.2 million digital items traded, and over a billion blockchain assets to explore.
The Enjin Multiverse stands out because NFT items bought in one play-to-earn game are often useable in other games onsite, even if the games are hosted on different blockchains. Enjin confirms, for example, that owning ‘an APG-M55 Plasma Gun means that you have a deadly weapon to play in 24 games and counting.’
Another stand-out feature of the Enjin model is that Enjin NFTs can be ‘melted down’ and some of the Enjin tokens used to make them recovered.
8. The Sandbox (SAND) – Classic Metaverse Token
Founded back in 2011, The Sandbox was one of the first decentralized platforms for Play-to-Earn games. User participation and content creation is encouraged through the Sandbox Decentralized Autonomous Organization (DAO). As with Decentraland, players can buy plots of virtual land and monetise them, as well as building their own NFT avatar.
Sandbox has accumulated some high-profile brands as partners, including Adidas, Snoop Dogg, Atari and the Smurfs.
The Sandbox virtual world is secured on the Ethereum blockchain. It uses the Proof-of-Stake consensus mechanism (rather than the environmentally-unfriendly Proof-of-Work mechanism employed by Bitcoin).
SAND is the governance token. As an ERC-20 token, SAND may be staked, both in-game and elsewhere. The supply of SAND (like most GameFi tokens) is capped: at 3bn tokens. Currently 1.28bn SAND tokens are in circulation. SAND has an undiluted market capitalization of $1.7bn and a typical daily trade volume topping $350m.
Since June 18th, 2022 the value of SAND has risen from $0.7431 to a current price of $1.3542. That is an increase of 82% in 6 weeks.
9. Gala (GALA) – Player-friendly P2E Platform
GALA is the governance token for the Gala Games Play-to-Earn/NFT metaverse.
Gala has PVP brawler Spider Tanks and colony simulation Townstar in Beta, as well as over half a dozen games in other genres in development and testing.
Gala makes a bold claim: that it is ‘making blockchain games you’ll actually want to play’. With their evolving range of play-to-earn games, Gala’s emphasis is on fun, simple gameplay rather than complicated blockchain mechanics. This focus on player experience is reinforced by Gala developing their games in liaison with their Discord community – and having the whole platform run on their own player-owned node ecosystem.
There are three types of validation nodes which players can get involved with to earn rewards like GALA tokens and limited edition NFTs. Owners who buy a license to operate one of Gala’s 16,000 nodes get a vote on how the GALA network evolves.
Gala’s focus on player ownership makes its token GALA arguably one of the best cryptos under $1 for investors wanting to back the GameFi phenomenon. One GALA is currently priced at just $0.05976.
10. STEPN (GMT) – ‘Move-to-Earn’ Token
GMT is the tradable governance token for the STEPN fitness app. STEPN is pioneering a new category of crypto game: instead of ‘play-to-earn’, STEPN is all about ‘move-to-earn.’
STEPN aims to promote health and fitness by rewarding players who walk, run and jog in real-life. Players buy a pair of STEPN NFT sneakers/trainers and, thanks to GPS technology, earn in-game currency GST as they exercise. GST can be used to mint, repair and level up sneakers. And when players upgrade their sneakers to level 30, they earn GMT.
Investors can buy GMT without using the STEPN app. One GMT is currently worth $0.999. Since June 13th, 2022, the value of GMT has almost doubled: rising from $0.5645 to $0.9976 by July 31st. Investors can check out STEPN GMT price predictions before taking the plunge.
Based on the Solana blockchain, GMT can be numbered as one of 2023‘s best gaming crypto coins. STEPN’s synergy of real-world fitness and in-game financial reward is an idea with unique potential.
11. Axie Infinity (AXS) – Play-to-Earn Game Popular in Developing Countries
In its heyday in 2021, Axie Infinity was viewed as the most profitable crypto game. It had the most valuable collection of in-game NFTs on the planet as well as monthly player figures of nearly of 3 million.
Players in developing countries, such as the Philippines, made a living from Axie – and still do to a lesser extent – where at one point its rewards were higher than the average salary.
Axie players breed, train and fight NFT ‘monsters’ to earn in-game crypto SLP as well as utility token AXS.
But 2022 saw crisis strike. Axie is an Ethereum video game, built on the Ronin Network (an Ethereum sidechain). In March, hackers plundered the Ronin network to the tune of US$620m. As part of a wider NFT and crypto slump, the value of SLP was already significantly down. Now investor confidence was gravely dented, and the price of AXS has yet to recover. Price predictions for AXS are not, therefore, hugely optimistic.
And it is looking like IBAT – the token for the exciting new Battle Infinity fantasy games metaverse – is set to challenge Axie as one of the best GameFi crypto tokens to buy.
12. Illuvium (ILV) – Fantasy Play-to-Earn Metaverse
Illuvium is a Play-to-Earn metaverse based on the fantasy genre. Players can explore the 3D open world of Illuvium as well as build up a team of creatures called ‘Illuvials’ to do battle. Each Illuvial is represented as an NFT. Players mint and trade their NFTs with zero fees and virtually instant transactions, thanks to Illuvium’s use of Layer-2 scaling solution Immutable X (IMX).
With its 3D graphics, Illuvium is targeted at traditional gamers who may have not have much experience with NFT and crypto. And, as with Battle Infinity, the Illuvium platform hosts staking opportunities, an NFT marketplace for in-game items and a decentralized exchange focussed on the in-house token.
Having topped $1,800 per token in late 2022, the Illuvium in-game token ILV is currently priced at $120. As with other GameFi tokens, its recent fall in price is down to the general slump in NFT and crypto sectors thanks to wider economic fears.
History of Crypto Video Games
Let us be clear: crypto video games are online games which use crypto to reward players. We are not talking about the best video on cryptocurrency or crypto (like Livepeer, for example) which relates to video streaming.
Video games in primitive form have been with us since the early 1950s. The commercial video game industry took off in the early 1970s, with the rise of computer game arcades and the launch of the first home video console the Magnavox Odyssey.
- Blockchain games got going with the launch of NFT breed-and-fight game Cryptokitties in 2017.
- Then came play-to-earn classic Axie Infinity in 2018, which has been arguably one of the most profitable crypto games ever. Its NFT collection in 2021 was the most valuable in the world.
- Ubisoft has been one of the few traditional games developers to embrace NFTs in their games. Valve, the company behind giant games platform Steam, banned NFT/crypto games in 2021 on the basis that they contain in-game purchases.
Are Crypto Video Games a Good Investment?
The tokens for a crypto video game can be a great investment if the investor treats them as the high-risk assets they are.
The roller-coaster ride of the AXS token for the Axie Infinity game shows how quickly the fortunes of a GameFi token can turn; first it was the market darling of 2021, then the general downturn in the market as well as its own hacking scandal sent AXS into decline in 2022. This is despite the fact that the game still pulls in roughly 1m players a month.
This riskiness needs to be factored into an investor’s thinking. Of course, high risk potentially presents high rewards. But investment in crypto of any kind should be matched by a much greater investment in lower risk assets, like stocks, ETFs and commodities. Experts recommend that between 1% and 5% of an investor’s portfolio should comprise crypto.
Remember that investors can stake some GameFi tokens. Battle Infinity, for example, allows users to stake IBAT tokens on-platform. Other GameFi tokens may be staked with platforms like Binance.
How to Buy Fight Out ($FGHT)
Buying $FGHT involves five simple steps:
Step 1 – Set Up a Crypto Wallet
Metamask wallet is a good wallet to use for buying $FGHT as it is free and simple to use. It also offers multi-chain support (as we have seen above).
- Head to the MetaMask website.
- Click ‘Download’.
- Follow the instructions onscreen.
Step 2 – Purchase Tether (USDT) or Ethereum (ETH)
ETH or USDT can be used to buy $FGHT tokens.
Many ways exist to buy Ethereum or USDT, but the easiest way is to buy on a centralized exchange and then transfer to MetaMask.
Step 3 – Link Wallet to the Fight Out Presale Platform
- Visit the Fight Out website.
- Click ‘Buy.’
- Click ‘Connect Wallet.’
- Choose your wallet provider.
- Follow the instructions on the screen.
Step 4 – Purchase Fight Out ($FGHT)
- Enter the number $FGHT tokens you wish to purchase.
- Depending on which crypto you have bought to trade with, click ‘Convert ETH’ or ‘Convert USDT.’
- Confirm the transaction.
Step 5 – Claim $FGHT
Once the Fight Out presale ends, investors can get their hands on their $FGHT:
- Go to the Fight Out website and click ‘Claim.’
Above we have reviewed the pick of the best video game cryptos, that should interest both investors and gamers.
We are particularly impressed by the newly launched project ‘Fight Out,’ which allows investors to earn M2E rewards for leading a healthy lifestyle by completing daily workouts. At press time, buyers can grab the tokens for a presale rate of only $0.02516 USDT per token.
Fight Out - Next Big Train-to-Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $5M Raised
- Real-World Community, Gym Chain