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5 Most Used Cryptocurrency For Gaming Industry

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Cryptocurrency is growing rapidly, as it’s becoming more and more familiar with the masses across the world. There is one such industry that has embraced Cryptocurrency like its long lost sibling, which is the online gaming industry. Esports and gaming are one of the biggest industries today, and Cryptocurrency is a trending technology.

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When both come together, it can create miracles, expanding vastly with billions of users worldwide. With gamers spending an average of $85 each on the free online slots game, generating $300 million a month for the game’s creators, cryptocurrency luminaries are looking actively for a thing to get them to do it using their tech.

Cryptocurrencies empower players to collect and trade in virtual assets, which they can exchange and trade across anywhere in the world. Hence, it offers the online gaming industry a safe and easy medium to make money.

The cryptocurrencies of the gaming industry should therefore be set particularly for 2020 and beyond. Among these, let us check the 5 most used cryptocurrency:

FunFair

FunFair Network is a decentralized, crypto-based, casino gaming platform built on the Ethereum smart contract blockchain. The off-chain processing happens through the FATE channels in order to decrease fee costs and speed up the network transactions. The FUN token or coin is the proprietary ERC20 token for the platform. FunFair in itself is not a casino operator, but it licenses its games and technology to casino operators.

Enjin

Enjin is an ERC20 token, which is a decentralized platform used to trade, manage, and distribute virtual goods. It is one of the first easy-to-use gaming cryptocurrency, which has been giving gamers and content creators a new model of virtual ownership. The online gamers can trade their assets from game to game, increasing their digital wallet with real value as they play.

TRON

TRON (TRX) token is the native token of one of the largest blockchain-based operating systems in the world – a blockchain that aims to ultimately provide a decentralized Internet, free of censorship. The Tron network (or blockchain) already provides great scalability and developers friendly tools within a strong ecosystem of applications.

Loom Network

Loom Network (LOOM) token is the native token of a highly scalable, blockchain-based network with multi-chain integrations. This makes it possible for developers to combine assets across all leading blockchains, including the Bitcoin, Ethereum, Binance, and Tron blockchains. This means a developer-only has to build a decentralized application (dApp) once in order to release it on multiple blockchains or platforms at the same time. 

Decentraland

MANA is a crypto coin used in Decentraland, a constantly thriving blockchain-powered virtual world built on the Ethereum blockchain. This virtual world founded in 2017 can be examined and used to socialize with other users.

It also offers an easy-to-use Decentraland builder, which offers a choice of hundreds of 3D items that can be used to build or create almost anything in this virtual world. Moreover, users can sell and also buy Decentraland-related virtual land parcels on open marketplaces. Virtual land parcels of which holding can be verified via the blockchain.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Guest Author

Crypto Journalist and Editor of guest articles in CoinPedia. Also, Outreach & Partnerships Manager. Contact me: [email protected]

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