10 Promising GameFi Tokens to Make Money in 2024

In infrastructure GameFi In active development, game project tokens play an important role – they serve for trading of NFT , rewards for player activity and also, often, as a means of project management. As the game expands, the number of its users increases and the value of the game token increases.

Experts have studied the topic and offer to familiarize yourself with the list of the most promising GameFi tokens, which are already in great demand among players and investors, and as the platforms associated with them continue to grow, there is a greater probability of an increase in price of these assets.

10 Highly Capitalized GameFi Tokens for March 2024:

Name Link Symbol Blockchain
ApeCoin apecoin.com MONKEY Ethereum
Myneighboralice myneighboralice.com ALICE Ethereum, BNB chain
sandbox sandbox.game SAND Ethereum
decentral and decentraland.org WHERE Ethereum
Infinite Axie axieinfinity.com AXS Ethereum
Render rendertoken.com RNDR Ethereum
Enjincoin enjincoin.io ENJ Ethereum
Gala Games gala.games GALA Ethereum
Stepn stepn.com GMT Solana, BNB network
Illuvium illuvium.io ILV Ethereum, Immutable-X

Briefly about the main thing

  • The segment GameFi , or “gaming finance”, is a combination of gaming and decentralized finance (DeFi), which allows you to earn cryptocurrencies while playing games.
  • One of the most promising GameFi tokens is Axie Infinity (AXS). This is an NFT-based game where players can earn AXS tokens by participating in battles, creating and selling Axies.
  • Among the wallets for storing promising GameFi tokens from gaming platforms are metamask , Trust Wallet , Coinbase Wallet , etc. The choice depends on which blockchain the token runs on.
  • Top GameFi tokens by market cap are presented in the website by Bybit .
  • The most popular gaming tokens by market cap are listed at Binance
  • Additionally, current lists of gaming industry tokens are presented on aggregator sites coinmarketcap , Coingecko .

The essence of GameFi

GameFi and NFTs are two technological trends that continue to dominate the blockchain industry, with one mass connected to the other. Non-fungible NFT tokens help content creators monetize their content and secure inalienable copyrights. And GameFi is a combination of decentralized finance (DeFi) and gaming, operating on a model to play to win rather than a play-to-earn model.

The main feature is the concept of distributing financial incentives through gameplay.

By leveling up and improving their characters, players can profit. An additional advantage is that it is ordinary players who manage their funds, not the company. Even if the server is shut down, all tokens and NFTs will remain in users' wallets. So GameFi is more than just entertainment, it can be a way to make real money.

Top 10 Promising GameFi Tokens by Market Cap

1. Axie Infinity (AXS)

Infinite Axie
  • Rate: $ 126.42
  • Market capitalization: US$ 8,319,592,135
  • Trading volume for 24 hours: US$ 640,453,028
  • Exchanges: Binance, OKEx, Huobi, Coinbase, FTX, Gate.io, Kraken, MEXC Global, Uniswap
  • https://axieinfinity.com/
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AXS is the governance token of the Axie universe, compliant with the ERC-20 standard. Holders can earn rewards on AXS by playing games, participating in betting, voting on important decisions, and buying or selling NFT in-game content. The gameplay allows you to create and improve characters and fight in the arena with their help.

2. Sandbox (SAND)

The sandbox
  • Course: $ 4.39
  • Market capitalization: US$ 3,915,577,688
  • Trading volume for 24 hours: US$ 3,632,869,616
  • Exchanges: Binance, OKEx, Huobi, Bybit, FTX, Gate.io, Kraken, WhiteBIT, MEXC Global, Uniswap
  • https://www.sandbox.game/

As part of the Sandbox platform, participants can create voxel games and content for them in a special editor. Using the SAND token, you can buy/sell assets and territories on the integrated trading platform. This is the basis of transactions and interactions on the platform.

3 Coin Enjin (ENJ)

Coin Engine
  • Rate: $ 3.2
  • Market capitalization: US$ 2,987,200,398
  • Trading volume for 24 hours: US$ 1,002,910,624
  • Exchanges: Binance, OKEx, Huobi, Coinbase, Gate.io, Kraken, Crypto.com, Uniswap, Balancer
  • https://enjin.io/

Enjin is an ecosystem that helps bring NFT and GameFi elements to apps. Provides a complete set of tools for developers and does not require in-depth technical knowledge for integration. The developer just needs to provide information about the future app, connect a wallet and create his own collectible assets in a matter of minutes.

4 Gala (GALA)

Gala
  • Rate: $ 0.23
  • Market capitalization: US$ 1,756,201,132
  • Trading volume for 24 hours: US$ 2,189,166,240
  • Exchanges: Binance, OKEx, Huobi, Coinbase, Gate.io, MEXC Global, Crypto.com, Uniswap, Sushiswap, PancakeSwap
  • https://app.gala.games/

A platform for creating blockchain games based on simple and accessible mechanics. Thanks to NFT technology, players take full ownership of what they create or purchase. A big advantage is that the team actively communicates with Discord users, discussing news. The ecosystem already has more than 16,000 nodes around the world that power the platform.

5 Something (Something)

SOMETHING
  • Rate: $ 0.23
  • Market capitalization: US$ 1,756,201,132
  • Trading volume for 24 hours: US$ 2,189,166,240
  • Exchanges: Binance, Huobi, Coinbase, Gate.io, MEXC Global, Crypto.com, KuCoin, Uniswap
  • https://on.wax.io/wax-io/

WAX is the world's widely used blockchain ecosystem for NFTs, decentralized applications and online games. Provides the opportunity to create, buy and sell virtual and physical items anywhere in the world. Project partners include Capcom, Funko, Atari, Sony's Funimation, etc.

StarLink
  • Rate: $ 0.00007
  • Market capitalization: US$ 727,512,264
  • Trading volume for 24 hours: US$ 67,603,759
  • Exchanges: OKEx, Gate.io, MEXC Global, Uniswap, Shibaswap
  • https://www.starltoken.com/

The Starl metaverse addresses space themes; it is based on “digital real estate” objects – satellites, space modules. The STARL token serves as the foundation of the ecosystem. Players can control their unique avatars, evolve in 3D space, and trade NFT tokens.

7 Games Yield Guild (YGG)

Yield Guild Games
  • Course: $ 7.79
  • Market capitalization: US$ 684,911,055
  • Trading volume for 24 hours: US$ 326,846,128
  • Exchanges: Binance, OKEx, Huobi, Gate.io, MEXC Global, Crypto.com, KuCoin, Uniswap, Sushiswap
  • https://yieldguild.io/

Yield Guild Games is a DAO, a decentralized autonomous organization where users vote on various games and virtual assets, share strategies, and communicate on Discord. In 2020, YGG financed an acclaimed mini movie about how people in the Philippines are making money with Axie Infinity.

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8 Illuvium (ILV)

  • Course: $ 997.99
  • Market capitalization: US$ 633,634,460
  • Trading volume for 24 hours: US$ 41,868,907
  • Exchanges: Binance, OKEx, Gate.io, MEXC Global, KuCoin, Uniswap, Sushiswap
  • https://www.illuvium.io/
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Illuvium is a collectible RPG with NFTs where you need to extract resources and fight by forming battle teams. Battle characters have unique characteristics that affect the overall strength of the team. The ILV token is not directly required for the game; is an asset for decentralized management, staking and profitable farming within the platform.

9Mobox (MBOX)

  • Course: $ 7.39
  • Market capitalization: US$ 618,353,347
  • Trading volume for 24 hours: US$ 1,186,241,379
  • Exchanges: Binance, Gate.io, MEXC Global, KuCoin, PancakeSwap
  • https://www.mobox.io/

The platform includes tools for creating game objects, an NFT marketplace, and management through a decentralized autonomous organization. The game's economy is based on the MBOX token, which allows you to earn passive income, trade non-fungible tokens and participate in management.

10 UFO Games (UFO)

UFO Games
  • Rate: $ 0.00002
  • Market capitalization: US$ 627,641,258
  • Trading volume for 24 hours: US$ 7,405,467
  • Exchanges: Gate.io, MEXC Global, Uniswap, Shibaswap
  • https://ufogaming.io/

A metaverse with a closed economy, which, according to the developers' plan, will include many games. And each new game added increases the potential value of the token. The main gameplay is done in the alien style, and the genre is RPG, where you need to complete missions and level up your characters.

The most promising GameFi tokens

According to analyst observations, the most actively developing game financing projects are:

Its developers not only constantly add new functionality to applications, but also pay great attention to cooperation with large exchanges and other platforms. And this plays a very important role in future growth.

Development prospects

Some GameFi tokens have shown significant growth in recent weeks and days. Particularly visible results were observed in the metaverse tokens – MANA, SAND – which grew by 300% and 240% in a week, respectively. This may be due to Facebook's Metaverse (META) announcement. Mark Zuckerberg, in his speech to users, it suggested the themes of decentralization and cryptocurrencies, which means the company may be considering their integration. However, one should not count on rapid development – Zuckerberg predicts that the development of the metaverse could take up to 10 years.

It's incredible that just one piece of news can cause so much growth in the GameFi industry. However, momentum alone is not enough; It is necessary to observe events and invest cautiously. The analyst from Currency.com, Mikhail Karkhalev, warns of the danger of entering assets after a sharp increase in the rate, as there is a high chance of its correction. During a correction, it is much more logical to buy assets.

In other words, despite all the industry's perspectives, no one repealed the market laws.

Where to buy tokens

Game universe tokens are traded on centralized and decentralized exchanges. So, you can use the platforms:

Some particularly popular tokens can also be found available for purchase in wallets and exchanges cryptocurrencies .

Common questions

What is GameFi?

This concept comes from the expression DeFi (decentralized finance), but implies the inclusion of a gaming component in financial transactions. Essentially, these are money-making games that use tokens and NFTs.

What are GameFi tokens?

Utility tokens for gaming blockchain projects that allow you to sell and buy resources on integrated markets and also provide incentives for in-game actions. They are also full-fledged trading assets, present on many exchanges.

How do gamefi tokens interact with game mechanics?

Typically, a token works within its own ecosystem and also interacts with external projects. Some games require assets as collateral. They can also provide various gameplay processes – from character development to weapon upgrades.

Will GameFi tokens grow?

In the article we list promising coins that are likely to grow, but everything is decided by related events – the development of the gaming protocol, new company partnerships and other news. It is impossible to say unequivocally how tall a specific token will grow.

Which tokens are the most promising?

Analysts highlight the projects Axie Infinity, Alien Worlds, The Sandbox and Decentraland. New projects appear regularly, many of which can also achieve good results.

Where can I buy GameFi tokens?

In many bags. The most popular tokens are listed on large centralized platforms, while less popular tokens are often available for trading on DEXs, where they can be exchanged for stablecoins or other cryptocurrencies.

Where to store game tokens?

The choice of wallet depends on the token format (ERC-20, TRC-20, BEP-20, etc.). Common non-custodial wallets to work with these coins: Trust Wallet, Metamask, imToken, Binance Chain Wallet.

What are the risks of investing in GameFi tokens?

Like most cryptocurrencies, these tokens have volatile values. Today they can be at the peak of popularity, and tomorrow they can fall 50% due to a glitch in the game or unpleasant rumors. And vice versa. Therefore, this type of asset is quite risky from a market point of view – it can bring both quick returns and serious losses.

What factors influence the price of GameFi tokens?

The following factors can be identified:
1) The quality of the game itself, interesting opportunities available to token owners.
2) Developer activity on social networks, communication with users.
3) Promising partnerships in the crypto industry.
4) Project Tokenomics – how many tokens the team kept for themselves, what deflationary mechanisms exist, etc.

Conclusion

Blockchain and cryptographic technologies can seem difficult to understand for those new to the industry. Liquidity pools, staking, farming, DEX – words seem to be available only to professionals (the biggest disadvantage of this is that a person does not understand where the profit comes from and therefore can easily fall into various Ponzi schemes).

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Games are a different matter – everyone understands and loves them. And after the recent victory from Team Spirit at The International, no one can deny that it is possible to make money with games, and a lot of it. This is where the huge layer of new blockchain-based games using the Play-to-Earn model comes into play. Most of them are at the development stage, but promising GameFi tokens are already in great demand and active players manage to earn significant money on these projects. Therefore, this type of asset cannot be ignored.