The Best GameFi Tokens to Invest in Right Now

Playing to earn cryptocurrencies is just one element of the vast universe that involves GameFi tokens. In other words, we are talking about one of the main vectors that demonstrates the effectiveness of blockchain technology in practical applications in our daily lives.

First of all, crypto games are supported by this technology, bringing more security and versatility to games. As a result, investing in tokens from this universe ends up being a good strategy for many people.

Best GameFi Tokens to Invest in 2024

1. Immutable — largest market cap among GameFi tokens.
2. Gala — high-quality games are their main mission.
3. Ronin — strong community and foundation for the historic Axie Infinity game.
4. The Sandbox — in short, it brings together metaverse, mobile games and NFT.
5. Pixels — free game with a plantation theme and +900 thousand players.
6. Illuvium — good subdivision of games and Staking rewards.
7. XAI — wants to bring gaming to blockchains.
8. Portal — aims to unite the community through interoperability.
9. Guild of Guardians — $GOG tokenized RPG game that leverages Immutable.
10. BEAM — aims to serve developers with partnerships with Immutable and Polygon.

Detailed Analysis of the Best GameFi Tokens

Now, we will begin an analysis of each GameFi token. These are certainly the most popular and prominent names among crypto experts.

1. Immutable — IMX

Immutable is a solution for creating and trading NFTs on the largest blockchain for this purpose, Ethereum. First of all, in terms of market capitalization, its IMX token is the main one, exceeding 3 billion dollars.

Furthermore, the company also stands out in terms of the number of games it offers, marking an important advantage in the market. The success of the project, so far, is linked to the fact that this is a highly effective Layer 2 solution:

• Reduces Ethereum network costs.
• Groups transactions on the blockchain, bringing greater efficiency and speed.
• It has instant confirmation of transactions, bringing an interesting solution in the context of Ethereum.

The project also offers staking rewards and users can, for example, pay fees with the token and choose to put them in the pool. In this way, this also promotes more security and liquidity to the network.

Buy IMX

2. Gala – GALA

First of all, Gala is a project also based on the Ethereum network, but with an even stronger focus on building high-quality games.

This way, its play-to-earn system has won over many players who enjoy optimized games, creating a certain contrast with many GameFi token projects. After all, most games in this sector end up being too basic.

The $GALA token is used to purchase items, skins, and other in-game items, which are chosen not only by the project creators. Players and validators also participate in the decisions. In this way, the community is invited to participate and grow the project.

It is competing in the top positions in terms of market capitalization. In addition, it has also partnered with Polygon, aiming to speed up transactions and reduce fees.

Buy GALA

3. Ronin — RON

First of all, Ronin was the first blockchain made for games, having been created on its own sidechain, on Ethereum. This mechanism allows the project to acquire new functionalities while preserving its roots in the primary network.

While it is below many GameFi tokens in terms of market cap, it also has a considerable value, close to $900 million. However, on the downside, the project suffered a historic $600 million hack in 2022.

On the other hand, Axie Infinity, one of the best crypto games adopted by the community around its play-to-earn system. It is also possible to obtain staking rewards and to pay for transactions on the network, it is necessary to use the RON token.

In short, despite having some disadvantages, the project has many strengths and one of them is a very strong community.

Buy RUM

4. The Sandbox — SAND

The Sandbox is, first and foremost, an innovative project in many ways. Namely, it brings together some of the most promising technologies in the world, and of course, in the cryptocurrency market.

We are talking about the following names: NFTs, mobile games and metaverse. In this sense, it started as a game and today it is a classic GameFi project, whose token is SAND. In the play-to-earn system and based on the Ethereum network, its users must actively participate to get their GameFi tokens.

In short, players need to create in-game items and have them valued well. The platform’s NFTs involve virtual lands called LANDS, which can be purchased and valued as in a real context.

Community living is encouraged through events in the metaverse. In addition, those who stake tokens also have governance rights over the project.

Buy SAND

5. Pixels — PIXEL

PIXEL is a token from the Pixels ecosystem, which is based on the Ronin blockchain. As we said above, this is an Ethereum sidechain.

But before we get into the whole discussion of what this means—something we explored two projects above—let’s outline what Pixels is. It’s basically an online game where you build crops. By analogy, it’s easy to see what the token is all about.

In other words, PIXEL is one of your GameFi tokens used to obtain various advantages in the game. Namely, increasing energy, unlocking resources, purchasing items, etc. The game stands out for being free and delivering rewards to those who complete tasks there.

There are already more than 900 thousand players and one of the interesting points is that you can play with (or against) friends.

Buy PIXEL

6. Illuvium – ILV

First of all, Illuvium is based on the Ethereum network. The headline on its website is quite interesting: join the fight for ETH. In fact, considering one of the games in its ecosystem, this is literally a fight.

In addition to an Arena fighting game, the ILV token and other assets are involved in the rewards and NFTs given out by other games such as a city builder and an open-world game.

Just to give you an example, one of the most popular features is the chance to win prizes by capturing Illuvions, creatures from this latest open-world game. Once captured, they go to your ETH wallet.

The project also features staking rewards and a decentralized brokerage. In total, there are 4 marketplaces distributed among the games available in the system.

Buy ILV

7. XI

XAI is a platform that has one of the best GameFi tokens, however, it has a slightly different logic than those we have presented so far. In short, in contrast to tokens linked to specific games created in these ecosystems, it does not bring any game itself.

Its mission, on the other hand, is to be able to meet the potential demand of games that will migrate to the blockchain in search of its benefits. If you have followed this closely, you may remember what we discussed about Immutable.

It is a second-layer solution, aiming to solve Ethereum’s negative points. XAI, in turn, is a third-layer solution, based on Arbitrum, a second-layer solution that increases ETH’s scalability.

In this way, the project is able to offer a platform with different functionalities, reach the mainstream and ensure a user-friendly interface. In this sense, it is already possible to begin to better understand what XAI is proposing.

On the negative side, this type of layer 3 solution is still in its early stages. In other words, it has not yet proven to be robust enough, depending on the structure of the lower layers.

Buy LAMB

8. Portal — $portal

First of all, Portal is another project that fits differently into the world of GameFi tokens. While other projects are on layer one, layer two, or layer three, this one is known for being on layer zero.

In other words, this means that its ecosystem is focused on ensuring interoperability between these 3 layers. Therefore, this is fully in line with the Portal’s proposal.

Namely, its purpose is to be a space for buying and selling items and unifying market transactions. Therefore, this is something that attracts players, developers and has the potential to unify the community.

The project also grants governance rights to users, as well as offering Staking rewards and rewards to those who manage the nodes.

Buy $portal

9. Guild of Guardians – $GOG

Guild of Guardians is an upcoming RPG game in which users must choose characters and form teams. The game is mobile, available for iOS and Android.

Its $GOG token, in turn, is based on the Ethereum network. Logically, it is included in a play-to-earn system, but users can also acquire it on exchanges.

Crypto can be traded with other players and, in addition to being useful for the game, the project leaders also consider assigning governance to its holders.

Users can also pay transaction fees with $GOG and purchase NFTs. In the game, rewards are given based on player rankings. Last but not least, Guild of Guardians uses Immutable, the solution that made it to the top of our list.

Buy $GOG

10. BEAM— Merit Circle

BEAM is an ecosystem designed to facilitate game development, while maintaining the user experience as the centerpiece. Also on the Ethereum network, the project has an interesting set of products:

• App to record game assets and statistics.
• Sphere – marketplace for game assets.
• Beam Hub – a platform for finding games and tournaments.

Powered by the $BEAM token, the platform aims to be a place for game developers who want to integrate their product with blockchain technology or gamers who want to explore web3.

You can download the app for Android and iOS and trade assets with friends, and you can also participate in governance here. The system also aims to expand to more than one network. In this sense, it has partnered with Polygon and Immutable.

Buy BEAM

How to Buy GameFi Tokens?

First of all, to buy GameFi Tokens, you need to register on an exchange. This is the most convenient way to buy cryptocurrencies today.

So, let’s take a look at a detailed guide to this using the Binance exchange as an example. In short, the reason for this is simple: it is the exchange with the largest number of users in Brazil and the world.

1. Create a Binance account

Go to the official Binance website and create an account. In short, the process is quite intuitive. Don’t forget to verify your account and enable 2-factor authentication.

2. Deposit Money in Reais

You may then find options to buy cryptocurrencies directly. However, the simplest process is to start by depositing in reais.

3. Go to Spot Market

Once the money is in your Binance wallet, search for Spot market on the website.

4. Enter the GameFi Token Name (GALA for example)

Next, you should look for the search bar and type the name of one of the GameFi tokens you are interested in. This way, the BRL/(token name) pair should appear. In our example, we have BRL/GALA.

If the token is not pegged to BRL, identify the ones that are and buy it. Then, simply buy the final token you wanted before. Some GameFi tokens may not be listed on exchanges. However, most are.

5. Enter the Amount and Finish

Finally, to finish, enter the amount you want to buy of the token and finish. Your Spot wallet balance will be updated.

Methodology: How We Chose the Best GameFi Tokens

Of course, the simple fact that a token is GameFi does not guarantee anything, of course. The idea of ​​bringing together games and crypto is important and this should be one of the most successful paths in the application of Blockchain technology.

Therefore, we consider other factors to select the best GameFi tokens:

• Project utility — applications, number of games, and the benefits that NFTs themselves bring.
• Blockchain on which crypto games and GameFi tokens are based. Ethereum and NFT, for example, is an interesting combination
• Market capitalization — doesn’t say everything, however, tokens with higher capitalization show that it attracts investors.
• Project security level.
• Of course, evaluating the team behind the project is important. In this sense, it is important to prioritize people with experience in the gaming market.
• Is the game or solution truly innovative? Or are they just average games that don’t promise much popularity among players? In other words, this is also useful. The mobile gaming market, for example, will grow by more than 6% annually until 2027, according to Statista.
• We assess the strength of the community, indicating greater participation and acceptance of the token.

Conclusion

Today, we present the 10 best GameFi tokens on the market. These names bring diverse proposals, including simpler games and also some more complex ones.

Furthermore, you have understood how to invest in them in a simple way, by accessing an exchange for this purpose. Therefore, it is now up to you to continue your studies and, obviously, not consider this text as the only source for your final decision.

Frequently Asked Questions