Video games are something that everyone can relate to while growing up. It was the best stress buster after school and an exceptional way to explore a parallel universe within a digital space. Perhaps, everyone recalls those wonderful Mario moments or Contra quests. As a result of increasing fascination to entertain oneself through role-plays, action & adventure, the gaming industry turned massive, amassing  $170 billion and expected to breach a  quarter trillion within the next five years. 

Those numbers certainly establish that the gaming economy is the next big thing to watch out for. However, players who are the prime drivers of the economy have very little to claim, apart from just entertaining themselves. What if players could take a share of their contribution towards making the gaming economy where it is now? 

It may sound a little out of the box for you, but Web 3.0 by harnessing NFTs and blockchain technology aims to achieve that. And to an extent, that trend has already started in South Asia at a mass scale since millennials have either started playing video games along with their day job as a side hustle; or some of them have quit their day job and dedicated all their hours to gaming. 

So, it is not surprising when some gaming cryptos record a 300% to 500% increase in value. Since most gamers are busy interacting with those environments by locking their gaming crypto as fuel to mine NFTs, upgrade skins or build unique avatars. That makes us question what gaming cryptos are in the first place. 

Gaming crypto is a gateway to experience the true essence of Web 3.0 where players get full control or ownership within a game environment using them. In erstwhile centralized gaming, players couldn’t own and monetize rare weapons, skins, and characters they have created within the game environment. Through the help of gaming cryptos, they can do so using NFTs and blockchain technology. These tokens are fuel running the game environment, where players take part in quests, interact with the game environment and win rewards. The upside here is that rewards can be encashed for real money in the physical world. 

Gaming crypto has turned into a fad because it is incentivizing the users for their time within the game environment in a variety of ways. Thus allowing gaming to evolve beyond a source of entertainment to an income-generating economy for gamers, developers, and gaming companies alike. To validate this point further, take for example millennials who are actively engaging in these games and earning a good income.

In the Philippines, more than 60,000 people are playing Axie Infinity as per Axie Infinity’s head of growth Jeffrey Zirlin and they are making as high as $2000 every month mining rare NFTs within the game environment. The ecosystem witnessed a massive surge in active users which jumped from 4,000 to 2 million in months due to such heavy rewards. 

Hence, it is much justifiable why the AXS price shot for the moon in a few months from a few dollars to as high as $165.37. As a result, people turned crazy investing in gaming cryptos allowing gaming companies to raise as high as $476 million only within the first 6 months of 2021. The trend would follow for the rest of the year and could even stretch beyond 2022 citing a lot of metaverse activities and the rise of metaverse gaming. Having that said, as it is a common saying, the trend is your greatest friend, if you want to cash in on this opportunity, here are a few top coins you should keep on your radar for 2022 while choosing gaming cryptos.

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In November 2021, Gala recorded an unprecedented 550% rise; however, recently due to the Fed’s tapering and pessimism in the crypto market, the token is down, establishing a very good entry point. With the Metaverse concept likely to explode in 2022, Gala could be a top choice to capitalize upon at the moment. 

There has been a lot happening in the metaverse and crypto gaming is on fire, when both of these revolutionary technologies converge, the sky's the limit for growth. Having said that, Star Atlas is a perfect amalgamation of both of these concepts fusing together. Within the Star Atlas gaming verse, players can build, mine, explore and trade rare NFTs within a metaverse gaming environment. 

The great visuals of the game environment would keep gamers fixated on the environment. On top of this, there are ample opportunities to cash in for gamers while making skins, indulging in quests, and doing a lot of activities within the ecosystem. With that said, Star Atlas could potentially explode in 2022  seeing the craze for gamification reaching a new pinnacle in 2021. 

Axie Infinity was indeed the best choice to participate in gaming cryptos when it was very new to the market. But at present, when you realize you need 3 Axie’s to participate in the game environment, it becomes hard to let that fact sink in deep. The reason is per Axie, at the moment costs $50. So, if you want to participate in the Axie Infinity play-to-earn game environment, it is mandatory to spend $150. 

The YGG token breaks such barriers to entry by establishing the concept of a shared economy for gamers. In this model, the gamers guild would provide the necessary assets to facilitate smooth entry within the play-to-earn gaming environment. In return, they would simply ask for a cut from your net income earned within the game environment. Perhaps, it wouldn’t be a bad bet considering the craze for play-to-earn games and the high entry costs involved for gamers. 

Immutable X is the next innovation that the play-to-earn gaming ecosystem needs at the moment. Using the Immutable X ecosystem, NFTs can be minted at nearly zero fees. Juxtapose the same using the Ethereum chain, users have to pay as high as $100 as gas charges. 

Moving forward in 2022, play-to-earn games would turn more mainstream than it is now and frugal solutions would be required to mint rare  NFTs. At such times,  this ecosystem would unequivocally be a hit since it can interoperate with multiple game environments built on top of different blockchains and at a fraction of the cost. In a way, unifying the entire game verse under one ecosystem for minting NFTs in a cost-effective and environment-friendly manner. 

In 2022, these tokens do have a strong potential based on the use-cases and utility they bring to the gaming ecosystem. If you have bought them in smaller amounts, storing them on an exchange wallet or hot wallet is a good way forward. However, if you have purchased in large volumes, a cold wallet is a much better choice for storing your cryptos safely. 

Enjin has been a slow starter consolidating at a specific price point throughout 2021, but it will end up as a project which was considered underrated but with immense potential. To understand this, you have to understand that though you do well in a game environment, there's no guarantee that the game will live forever or you may be interested to continue over there. 

Having said that, at times you may feel what if I can move this asset which I have created all this while to a new game environment and realize their value there. Is there a solution present to help achieve that? Through the Enjin coin, you can very well move your NFTs across multiple gaming environments in a seamless and cost-effective way. Players would get more freedom as a result and they could literally consider gaming as a gateway to sustain their livelihood when they can realize true value for their collectibles irrespective of the gaming environment where they operate. 

Over the last few years, the crypto market has been touted as one of the most successful in the financial market. This is in no little way the effect of the various digital assets in the sector. A cursory look through the entire market cap of the sector shows that it holds a cumulative total of $1.9 trillion presently. Although the figure was way over this limit, the usual volatility in the crypto market has dealt with tokens, thus pushing their market caps in decline. In this article, we will be looking at the various Crypto types in the crypto market and what they aim to achieve.

Cryptocurrencies are assets based on a digital network whose main usage is for exchange. Although most tokens have become more than intended, most are still used for exchanges. The assets can secure their network and verify individual transactions through a technology known as cryptography. This is also used to check the number of tokens a particular project will send into circulation. Cryptocurrencies are housed on a distributed ledger technology known as the blockchain. One key difference between digital assets and physical cash is that no central entity controls crypto while the Central banks of respective countries control physical cash.

Since most of these tokens do not have a central entity guarding their existence, all activities are done on their respective blockchains. Unlike physical cash or CBDC, the tokens do not have a physical existence. This means that they are mainly virtual and exist only on the blockchain. The price of the tokens is majorly decided by the various activities of traders across the market.

For instance, the value of a token drops drastically when there is a massive sell-off. In the same vein, tokens tend to appreciate when many traders hold the assets. Some miners create a piece after solving some complex mathematical problems. Besides that, traders purchase tokens from crypto exchanges that act as middlemen between miners and traders. Mining is known as proof of work because miners solve problems to create tokens. Another method of creating more tokens is the proof of stake, where users earn tokens for staking a certain amount of tokens on protocols.

Over the years since Bitcoin was created, developers have come up with various tokens. These tokens are used in the various sectors of the crypto market, serving different uses asides from the usual means of exchange. Below is a comprehensive list of the types of digital assets in the crypto market.

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Large cap cryptocurrencies are tokens that have a huge market cap which is usually more than $10 billion. These large-cap cryptocurrencies have been very successful in the crypto market, boasting a massive following. In turn, the token's value has soared, pushing its market cap above the figure mentioned above. Usually, most large-cap tokens take up the top 20 spots in the list of digital assets in terms of market cap. As of writing this article, the assets that fulfill the requirements to be classed in the top 10 categories include Bitcoin ($792 billion), Ethereum ($383 billion), Tether ($78.3 billion). Others are Binance Coin ($75 billion), Solana ($45 billion), Cardano ($41 billion), USD Coin ($39 billion), XRP ($36 billion), Terra ($25 billion) and Polkadot ($24 billion).

The decentralized finance industry is another sector in the overall crypto sector. This industry houses majorly DeFi tokens. One significant difference these tokens hold is that although they are on blockchains, they are run by smart contracts. Smart contracts in the sense that they are written code that guides the activities of the tokens. In the last few years, the DeFi sector has been a market to contend with, catapulting the tokens in the sector to the top of the pick in the market. A list of the top 10 tokens in the decentralized finance sector includes Terra ($25 billion), Avalanche ($21 billion), Chainlink ($12 billion), Wrapped BTC ($11 billion), and Uniswap ($9.9 billion). Others are DAI ($9.3 billion), Fantom ($6.6 billion), Tezos ($3.7 billion), Aave ($3.05 billion), and The Graph ($2.88 billion).

In the last couple of years, the crypto sector has opened up to various new use cases, and blockchain gaming has become one of them. This sector has grown far and wide, attracting more players every day. This is mainly because of the profits and huge rewards behind the games, giving players a feel of gaming and rewards. Various digital assets have been developed to help gamers ease into the feel of blockchain gaming. These tokens act as the main element players must possess to surge forward in their quest. Some examples of these tokens are MANA ($5.6 billion), SAND ($4.5 billion), AXS (4.5 billion), GALA ($2.4 billion), ENJ ($2 billion), and BORA ($830 million). Others include WAX ($801 million), CHR ($422 million), UOS($374 million) and ALICE ($354 million).

Meme coins entered the crypto sector not so long ago. What started as a joke-making jest of Bitcoin has seen the rise and birth of other tokens of the same family. The first-ever meme coin, Dogecoin, entered the market in 2013. Since then, there has been a massive rise in these tokens in the sector. Aside from being very volatile, these tokens take solace because they can build a massive community of followers. Other than that, they have enjoyed massive promotions from influential figures worldwide. A list of the top Meme tokens includes Dogecoin ($20 billion), Shiba Inu ($16 billion), Dogelon Mars ($742 million), samoyedcoin ($101 million), MonaCoin ($72 million), and Hoge Finance ($53 million). Others are ERC20 ($33 million), DogeBonk ($28 million), Banano ($23 million), and Doge Dash ($22 million).

The Internet of Things sector of the crypto market has been present for a long time. Even though they do not have the popularity of the other sectors, they have seen adoption. The internet of things ecosystem is mainly concerned with connecting various smart devices. In turn, they use the native token of the various blockchain that they run on to exchange data and information. A list of the IoT tokens in the sector includes VeChain ($5 billion), Helium ($3.7 billion), IOTA ($3 billion), IoTeX ($1 billion), and IOST ($534 billion). Others include DigiByte ($436 million), Fetch.ai ($376 million), and NKN ($219 million).

The non-fungible token sector of the crypto market exploded last year as major players entered the sector to buy rare art pieces. After taking over the market by storm last year, the sector would build on that in 2022. Generally, NFTs are rare pieces of art available on the blockchain. These art pieces sell as high as 0.9 ETH for the smallest. Beeple made history in the sector after selling his art for about $69 million in the early part of last year. A list of the tokens in the sector includes AXS ($241 million), FLOW ($54 million), GALA ($431 million), ENJ ($207 million), CHZ ($130 million), and ROSE ($178 million).

The crypto market has continued to make its mark in the financial sector due to the rise in these tokens' prices. With more players entering the respective sectors, the sector should continue going higher. However, traders must diversify their portfolios to edge in case of a loss. One most important aspect is carrying out in-depth research before buying any digital asset. This will provide traders with major insight into the performance and the future of the coin they are planning to purchase.