2023 is shaping up to be an important year for the crypto gaming industry, and cryptocurrency fans on Reddit recently announced which tokens to watch. In this article, you will find 7 of the major gaming cryptos that you cannot afford to miss. From established projects to interesting new projects, you will certainly find what you are looking for here.
1. Metacade (MCADE)
Metacade is a social P2E gaming hub that has gained traction with cryptocurrency investors on Reddit over the past few weeks. This is where users can connect with P2E enthusiasts. They are like-minded, find their edge in GameFi, and participate in one of Web3’s first democratic funding schemes for game developers. Players will be able to discover the best games, read reviews and gain access to the most promising GameFi alphas. All of this is made possible by Metacade’s commitment to maximizing user utility.
However, Metacade differentiates itself from other social platforms with new crypto and blockchain technology. Rather than expecting users to contribute to the platform out of envy, Metacade rewards them for developing the platform. In addition to the many possibilities of P2E, users can also earn the MCADE token in exchange for posting reviews and tips, and interacting with members in useful ways, for example.
Metacade offers multiple earning opportunities to users. They can learn how to maximize their P2E earnings and participate in tournaments, sweepstakes, and contests. Additionally, they can fully replace their regular income through the platform’s job posting site, slated for 2024. On this site, Metacade members will find opportunities to work with some of the gaming industry leaders and from Web3.
Crypto fans on Reddit consider Metacade’s Metagrant system to be one of the major projects for the GameFi industry. Metagrants allow users to direct platform resources to developers who create the games they want to play. To get funded, developers must get the most votes for their idea in a Metagrant competition. This helps drive innovation in the GameFi industry and empowers users to take a more active role in shaping the future of the games they love.
Finally, to realize its vision of true decentralization, Metacade will transition to a Decentralized Autonomous Organization (DAO) in 2024. This means that the platform will be entirely governed by players, providing a truly democratic decision-making process for the implementation further upgrades and determining the future direction of the platform.
With a focus on community, decentralization, and delivering value to gamers at every step, Metacade is ready to try and stand out in the P2E industry. Its pre-sale has already sold more than $8 million MCADE tokens in just 14 weeks since its launch. Metacade hopes to see this number increase in 2023.
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2. ApeCoin (APE)
ApeCoin is one of the most popular gaming cryptocurrencies among Reddit fans. It was created by Yuga Labs, the company behind the wildly successful NFT Bored Ape Yacht Club (BAYC) project. It is at the center of a decentralized community that shares a common vision. The APE is used to vote in the APE DAO and to gain access to exclusive merch, events, services and games.
Many Reddit users are eagerly awaiting the launch of Otherside. It’s an immersive experience of the Yuga metaverse, developed in collaboration with Improbable and Animoca Brands, Sandbox’s parent company. According to Yuga, his team is trying to develop the “best possible metaverse” where “thousands of people interact” at the same time.
Otherside allows users to create avatars based on their NFTs and own digital assets in the metaverse, known as Otherdeeds. Although the game has yet to launch, Otherdeeds has quickly grown to become the 4th most traded NFT project, according to OpenSea. This demonstrates the enthusiasm around this project. APE will be the in-game currency of Otherdeeds, and Reddit users are hoping the token will be appreciated upon the game’s release.
3. Shiba Inu (SHIB)
Although many consider it a simple memecoin inspired by Dogecoin, Shiba Inu has built itself one of the largest crypto communities on Reddit. r/SHIBArmy has nearly 500,000 members, many of whom are big fans of the Shiba Inu token. Unlike Dogecoin, which is based on bitcoin code, SHIB is an Ethereum-based token. This means it can be used as a form of payment for in-game purchases and NFTs, including Shiba Eternity and the upcoming SHIB: The Metaverse.
Shiba Eternity was released in early October 2022 following some hype. Players can use their Shiboshi NFTs in card battles against other players to grow their deck and climb the ranks. The game itself has over 100,000 downloads on the Google Play Store.
SHIB: The Metaverse, as stated on its website, is “the culmination of our history as a community. This is virtually displayed in stunning visuals that showcase our innovation and unity in a place you can truly call home. Although a release date has yet to be given, it is expected sometime in the year 2023. According to crypto fans on Reddit, this addition to the Shiba Inu ecosystem could benefit the SHIB.
4. The Sandbox (SAND)
The Sandbox is one of the best-known crypto gaming projects. Alongside Decentraland, The Sandbox caught the eye following Facebook’s rebranding to Meta. While Decentraland aims to provide a virtual world in which users can interact, The Sandbox is gaming-centric, allowing players to create, share, and monetize their gaming experiences.
It gives users all the tools they need to build immersive experiences without having to know a single line of code. The only requirement is that players own a plot of land, represented by the NFT LAND, to start building whatever they want. Dozens of games have already been created using The Sandbox infrastructure, providing players with hours of entertainment in the metaverse.
Crypto fans on Reddit cite The Sandbox’s number of interesting partnerships as one reason for optimism. Many brands, like The Walking Dead, Tony Hawk, Gucci, Adidas, and the Smurfs, all entered the metaverse with The Sandbox, and that list is set to grow in 2023.
5. Enjin Coin (ENJ)
Enjin consistently ranks high on Reddit’s crypto fan lists. It is, according to them, one of the best gaming cryptos. It is a platform primarily aimed at developers that offers multiple software development kits (SDKs) to help them stake things on the blockchain. Instead of building their proprietary solution, developers can use Enjin to easily integrate blockchain technology into their games.
Enjin makes the process simple. Developers simply mine NFTs corresponding to their in-game assets and assign a value to them using the ENJ token, which can only be redeemed once the NFT is destroyed. These NFTs can then be exchanged securely between players, quickly and visibly in Enjin’s Smart Wallet.
As more P2E and metaverse games emerge, Enjin will provide a valuable service for developers looking to take the hassle out of developing their asset ownership systems. Many crypto fans on Reddit expect ENJ to stand out in 2023 as the P2E and metaverse industries grow.
6. WAX (WAXP)
WAX, or the Worldwide Asset eXchange, is a blockchain designed specifically for trading digital assets and NFTs. Created by OPSkins, a giant in the digital collectible token industry, WAX offers an easy-to-use, carbon-neutral platform for storing and trading virtual assets. WAX, which is a notable gaming crypto, has already established partnerships with major brands, like NASCAR, Capcom, Sony, Mattel, and Lionsgate.
WAX aims to make launching NFT collections as easy as possible for brands. Like Enjin, WAX provides the infrastructure necessary for mainstream adoption of NFT and GameFi, making it a relevant network for companies looking to enter the world of P2E and metaverse gaming.
Many crypto fans on Reddit see the success of Alien Worlds as a primary indicator of WAX’s potential. The game, which regularly has over 300,000 weekly players (more than any other P2E game according to DappRadar) is developed on the WAX blockchain. Additionally, Splinterlands, the second most popular P2E game, also runs on WAX. As P2E continues to grow, many Reddit users are hoping for this native token of the chain, WAXP, to reach new heights.
7. Treasure (MAGIC)
MAGIC is the native currency of the Treasure ecosystem, a project that presents itself as “the decentralized Nintendo”. Treasure is a decentralized gaming ecosystem that consists of 3 distinct parts: cartridges (games), small communities and infrastructure. The ecosystem already has 8 P2E and metaverse games, each using the MAGIC token as game currency.
It also includes an NFT marketplace, Trove, which runs on the Arbitrum network. On this marketplace, players can trade their in-game assets, called Treasures, using MAGIC or ETH. The games have their own sub-community, but each has a commonality between them thanks to similar resources, groups, and philosophies.
Most importantly, Treasure provides the infrastructure developers need to build decentralized P2E and metaverse games. By creating an interoperable ecosystem unified by a single token, Treasure hopes to revolutionize the field of game creation. According to Bankless Times, Treasure has recently been listed on Binance, Gate.io and Huobi, which has made MAGIC evolve. Many crypto investors on Reddit believe that MAGIC can grow more easily as the project develops in 2023.
Crypto gaming: why be interested in Metacade (MCADE)?
The GameFi market continues to grow and becomes one of the crypto trends this year. If Apecoin and Shiba Inu live up to their visions of the metaverse, their respective tokens could see some success. Meanwhile, projects like Enjin and WAX hope to benefit from the growth of the industry as a whole by providing the critical infrastructure behind blockchain games.
However, in terms of potential, Metacade stands out as an attractive option. Communities are essential for gamers, and by providing a full suite of innovative features, Metacade just might stand out. Not only for P2E players, but also for a wide range of fans who can meet and explore the world of GameFi together. MCADE will not stay long at the price of $0.0155 before it sells out and moves on to the next phase.
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