Several cryptocurrencies are used in play-to-earn games, and the specific cryptocurrencies vary depending on the game and its underlying technology. Here are some of the commonly used cryptocurrencies in play-to-earn games:
Ethereum (ETH): Ethereum is one of the most widely used cryptocurrencies in play-to-earn games. Many games built on the Ethereum blockchain utilize ERC-20 or ERC-721 tokens for in-game currencies, items, or NFTs.
Binance Coin (BNB): Binance Coin is the native cryptocurrency of the Binance exchange, and it has gained popularity in play-to-earn games that operate on the Binance Smart Chain (BSC). BNB is often used for in-game transactions, rewards, and fees.
Axie Infinity (AXS): Axie Infinity has its own native cryptocurrency called AXS. It is used within the game for various purposes, including breeding, trading, and gameplay rewards. AXS has gained significant attention in the play-to-earn space.
Enjin Coin (ENJ): Enjin Coin is specifically designed for gaming and is used in various play-to-earn games. It enables the creation and management of in-game items, and its integration with the Enjin platform allows for the development of unique gaming experiences.
Flow (FLOW): Flow is a blockchain designed for gaming and digital collectibles. It is used in games like NBA Top Shot, where players can collect and trade basketball highlights as NFTs. Flow offers a scalable and developer-friendly environment for play-to-earn games.
Decentraland (MANA): Decentraland is a virtual reality platform that utilizes its native cryptocurrency MANA. Players can buy, sell, and trade virtual land, items, and services within the decentralized virtual world, offering play-to-earn opportunities.
Polkadot (DOT): Polkadot is a multi-chain platform that enables interoperability between different blockchains. Some play-to-earn games leverage Polkadot’s infrastructure for their in-game economies and transactions.
Solana (SOL): Solana is a high-performance blockchain that has gained traction in the gaming space. Several play-to-earn games use Solana as their underlying infrastructure, utilizing SOL for in-game transactions, rewards, and governance.
It’s worth noting that this list is not exhaustive, and new play-to-earn games and cryptocurrencies may emerge over time. Additionally, some games may have their own unique cryptocurrencies or tokens specific to their ecosystem. Before getting involved in any play-to-earn game, it’s important to research and understand the specific cryptocurrencies and their utility within the game’s ecosystem.