WHAT IS GAMEFI COIN?

These days, video games are no longer strange to everyone. Many people have seen online gaming as a pastime for entertainment, but now players can make money from it and turn gaming into a source of income. Sounds great, doesn’t it? The coins that players earn through playing games are called gamefi coins.

Are you confused about gamefi coin? Follow this article to the end for more information about the current gamefi coin and gamefi coin list.

What is gamefi coin?
What is gamefi coin?

Overview

What is Gamefi?

Gamefi are video games with financial elements, which can be seen as a combination of Game and DeFi. Players will be paid profits in tokens and can sell them for profit.

What is DeFi?

DeFi is understood as an online token lending and trading system, i.e. players can trade and sell tokens on DeFi. In DeFi, there is no centralized governing body but the community of buyers and sellers on DeFi will determine the price on this.

Gamefi coin 
Gamefi coin 

Gamefi coin

Gamefi coins are understood as tokens that you earn while playing games. Gamefi coins are functionally similar to cryptocurrencies, i.e. they will depend on the market capitalization and can fluctuate dramatically at any time. However, according to recent analysis data, most of the value of gamefi coins is growing very strongly and in the future it will be of great value. Gamefi tokens will typically be traded on DeFi or can be traded directly between buyers and sellers.

Gamefi coin market today

In 2021 when gamefi is officially of global interest, when traditional game elements combine with financial factors, it really has become a craze in the gaming community. Now game players are not only entertained but also generate income for themselves through characters, in-game items or tokens.

Currently, gamefi is one of the biggest growth areas in the crypto market. Gamefi related fields have grown by 2,934% in 2021. Since its inception, the gamefi market has been growing and growing continuously. That leads to an increase in gamefi coin. It promises to be the most developed cryptocurrency in the future.

Gamefi's total transactions in 2021 | Source: Footprint Analytics
Gamefi’s total transactions in 2021 | Source: Footprint Analytics

In the last 3 months of 2021, 39 successful capital raising deals in the gamefi field have been recorded. When the gamefi coin market develops rapidly, a large amount of investment money will be poured into the gamefi coin. Will 2022 be the year of the gamefi coin? Let’s look forward to the development of game coin in the future.

Gamefi coins you can buy yourself

Sand

San
San

For those who are passionate about online games, it is impossible not to know the Sandbox game ecosystem and sand is the token that players will use in this ecosystem. This is one of the most profitable trading tokens in recent years. These tokens also allow players to hold access and make decisions by voting,…

 AXS (Axie Ä°nfinity)

Axs (Axie Infinity)
Axs (Axie Infinity)

Axs or can be called Axie Infinity is a token in the game Axie Infinity. Axie Infinity is the most popular blockchain game in 2021. In August 2021 Axs surpassed Ethereum in revenue and achieved $1.1 billion in transaction volume. In Axie Infinity there are also NFTs that are in-game animals that players can sell on the market.

True Flip Token (TFL)

True Flip Token (TFL)
True Flip Token (TFL)

True Flip Token (TFL) is a game coin in the top 10 of good gamefi coins in 2020. It is used on True Group’s international iGaming platform – a popular platform today. Players holding this token will get a lot of benefits as it is available on KickEx crypto exchange right now and moreover, they can be offered on DEX and CEX.

MANA (Decentraland)

MANA (Decentraland)
MANA (Decentraland)

MANA (Decentraland) is an Internet currency of the metaverse. Users can use this token to buy land, learn real-life skills like understanding a language, or even play the guitar. The price of this token in 2021 is $1.46, however by the end of the year it drops to $0.46 and its price is currently fluctuating continuously depending on the market situation.

 Enjin Coin (ENJ)

 Enjin Coin (ENJ)
 Enjin Coin (ENJ)

Enjin Coin (ENJ) is a token used on the blockchain platform. Since its launch, it has attracted many people by the features it brings. The value of this token at its peak can be up to 3.27 USD and sometimes due to market influence it even drops to 0.9 USD. However, this will be a promising coin in the coming years.

Above is the information about gamefi coin that we have for you. Currently there are many gamefi coins that you can explore more. However, you need to remember that game coin is greatly influenced by the economy so it can go up and down at any time. Take the time to study it carefully and maybe you will earn a lot of benefits. big from it. You can refer to the top 15 gamefi coins you should buy in 2022 that we have compiled to get more information and make the wisest choices for yourself!

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