Many people were introduced to cryptocurrency in 2021, and we're not just talking about Bitcoin and Ethereum; we're also talking about altcoins like Dogecoin and Shiba Inu, as well as terminology like non-fungible tokens (NFTs) and the metaverse.
As we move closer to 2022, there's a lot more to look forward to, and one crypto industry that's projected to grow in the coming year is Web 3.0, commonly known as the internet's future. This five-part series will assist you in gaining a better grasp of the crypto world and its components.
Gaming & Metaverse
Decentralised Finance (DeFi)
The most important gaming and metaverse cryptos for 2022, Know more about the Best Metaverse Games to play and how to build your own metaverse gaming platform like Axie, Sandbox, and Decentraland.
Axie Infinity (AXS):
Axie Infinity is a real-time battle game in which users fight their Axies (creatures or characters). Each Axie is a one-of-a-kind non-fungible ERC-721 token (NFT). In the Axie universe, Axie Infinity Shards (AXS) are ERC20 governance tokens. Staking tokens, playing the game, and engaging in governance are all ways for AXS holders to earn rewards. AXS can also be earned through participating in games and creating content. Smooth Love Potions (SLP) are ERC20 tokens gained through gameplay and used to breed young Axies.
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Enjin Coin (ENJ):
Enjin Platform is a service that allows game creators to create in-game Ethereum tokens for fungible and non-fungible assets. ERC-1155 assets can be bought and sold on the Enjin marketplace.
Enjin Coin (ENJ) is a cryptocurrency based on Ethereum that backs the value of both fungible and non-fungible tokens.
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Gala is a gaming platform where players own and operate a share of the business. By playing, players can earn GALA tokens.
GALA is a "non-refundable utility token" that Gala Games ecosystem participants can use as a medium of trade. It can also be used to influence the progress of Gala's game.
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Decentraland is an Ethereum-based "virtual reality platform" that allows you to purchase, construct, and monetize virtual land parcels.
The two tokens utilised in Decentraland are MANA and LAND.
MANA is an ERC-20 token that may be used to get non-fungible ERC-721 LAND tokens by burning it. MANA tokens can be used to buy avatars, names, wearables, and other products on the Decentraland marketplace.
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The Sandbox (SAND)
The Sandbox is a "play-to-earn" blockchain-based metaverse (virtual world). $SAND is its native utility token. The metaverse is made up of digital land parcels known as LAND.
Non-fungible tokens (NFTs) and $SAND allow players to create, own, and monetize gaming experiences. With The Sandbox Game Maker, players' digital assets created as NFTs can be merged into games.
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