Best GameFi Crypto Tokens to Buy in 2024

The GameFi industry has opened up a new spectrum of investment opportunities. The emergence of countless gaming crypto projects can make it challenging to pick one or two of the most promising GameFi projects to make an investment in.

With this in mind, this guide discusses the best GameFi crypto tokens to consider in 2024.

Best GameFi Crypto Tokens to Buy in 2024

Based on our market research, we found these 10 GameFi crypto tokens to be the top coins to invest in today:

You will find reviews of the best GameFi crypto tokens in the sections below to help you decide on which of the above projects are worth considering.

A Closer Look at the Top GameFi Coins to Invest in 

The best GameFi crypto tokens are often associated with popular play to earn games.

Below, we discuss the top 10 GameFi coins to consider engaging with in 2024.

1. Lucky Block – Overall Best GameFi Crypto Token to Buy in 2024

Lucky Block is an upcoming crypto game that runs on the Binance Smart Chain. This global platform lets you participate in prize draws and give you the chance to earn rewards every day. The Lucky Block ecosystem is backed by the GameFi crypto token, LBLOCK.

LBLOCK was launched in January 2022 and is now available to purchase on cryptocurrency exchanges.  Those who wish to take part in the Lucky Block prize draw will first need to purchase tickets using LBLOCK coins. Moreover, holders of LBLOCK coins can also connect their wallets to the Lucky Block platform, and claim a free ticket each day.

LBLOCK coins were initially priced at $0.00015 and have since hit highs of $0.009. This means that early buyers of Lucky Block witnessed their investment grow by nearly 6,000% – in just 30 days. However, the price of LBLOCK tokens has dropped since then, making it one of the most undervalued cryptos to buy right now.

Moreover, the Lucky Block project has positioned itself as one of the best play to earn games of this year. Backed by blockchain technology, this platform ensures legitimacy, fairness, as well as randomness for all its prize draws. The funds for the draw are collected from ticket sales and as per the public blockchain address, the jackpot pool is already valued at over $2 million.

If you hold LBLOCK tokens and connect your wallet to the platform, you are also eligible to receive rewards in proportion to the number of coins you hold. On top of this, you can also buy a Lucky Block NFT to receive other incentives such as lifetime entry to a daily draw – which has a prize amount equivalent to 2% of the main jackpot.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Axie Infinity – Top Play to Earn GameFi Platform

If you consider the most popular crypto games in the market right now, Axie Infinity is up there with the very best. This play to earn game was inspired by Pokemon, and lets players buy, trade, and battle creatures called Axies. These Axies come in the form of NFTs, with their own unique traits and rarity.

Axie Infinity rose to fame during the COVID-19 pandemic when people started spending time on crypto games as a way to make passive income. The main draw of Axie Infinity is that you can earn AXS tokens by completing challenges within the game. As one of the best GameFi crypto tokens, AXS has demonstrated incredible growth in the blockchain market.

Since its launch in late 2020, the value of this GameFi coin has increased by nearly 20,000%. Apart from using AXS tokens to make in-game purchases, you can also swap these GameFi coins for fiat currency via crypto exchanges. This means that you need not even play Axie Infinity in order to profit from the growth of AXS tokens.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Enjin Coin – GameFi Token Used to Mint NFTs

Enjin Coin is one of the best GameFi crypto tokens in terms of growth potential in the coming years. The company behind this cryptocurrency offers a suite of integrated products that facilitate the creation and launch of NFT projects. This way, Enjin plays a key role in the GameFi ecosystem and the growth of the NFT sector.

The Enjin platform provides developers access to software development kits, game plugins, crypto wallets, and payment solutions. When using Enjin to earn digital assets, you must lock tokens into a smart contract. This way, Enjin is used to directly back the value of non-fungible tokens created within the Enjin ecosystem.

At the time of its launch in 2018, Enjin Coin was priced at $0.017. Within four years, the price of Enjin Coin has increased to over $1 per token – translating to a gain of more than 5,500%.  This cryptocurrency’s versatility and functionality makes it one of the best utility tokens to invest in right now.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

4. The Sandbox – High Potential GameFi Crypto Project

The Sandbox was first launched as a mobile game way back in 2012. Over time, this play to earn game has emerged as one of the most popular platforms in the GameFi market. Within The Sandbox metaverse, you can own plots of virtual land and create your own experiences.

The Sandbox ecosystem is powered by its native digital coin, SAND. The GameFi coin has different functions within this network. First and foremost, you can use SAND tokens to make in-game purchases of LAND NFTs and other digital items.

In addition to this, those who stake their SAND tokens are also eligible to assist in the governance of The Sandbox network. The Sandbox metaverse has amassed a long list of celebrity endorsements, including partnerships with Snoop Dogg and investments from Justin Timberlake, Katy Perry, Will Smith, and more.

In other words, the platform is hugely popular and continues its stride in attracting more users every day.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

5. Illuvium – Play to Earn RPG With GameFi Token

Illuvium is one of many new NFT projects set to launch in 2022. This role-playing game is built on two different layers of blockchain, Ethereum and Immutable X. This integration helps improve the scalability and performance of this gaming platform.

As with other crypto games and NFT games, Illuvium has launched its own native token to power its ecosystem. It combines NFTs, a virtual world, as well as other in-game experiences to attract users. It has NFT creatures called Illuvials; however, unlike Axie Infinity, this game will be in 3D and will feature a story mode.

Moreover, if you sign up as an early member, Illuvium also gives you exclusive access to rare NFTs. Due to these unique features, Illuvial is one of the most anticipated games of this year. If the game lives up to its hype, the value of the Illuvium GameFi coin could also increase in the future.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

6. Decentraland – Best GameFi Crypto Token for Long Term Growth

Decentraland is another crypto game in which you can buy and sell virtual land and estates. This platform has many similarities to The Sandbox, in the sense that both games allow you to create virtual experiences and monetize them. However, in Decentraland, you need to have MANA tokens to purchase land parcels.

On top of this, Decentraland users can also make structures on their virtual land, play games, have showcases, or implement digital tourism. And importantly, MANA tokens function as the core currency within this ecosystem – facilitating all kinds of transactions. Moreover, this ERC-20 token also serves as the governance coin for Decentraland.

That being said, Decentraland has also experienced some volatility over the past 12 months. Although the price of MANA tokens hit an all-time high of around $5 in November 2021, its value has dropped since. Nevertheless, this coin has witnessed a growth of around 5,500% in value from the time of its launch in 2018.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

7. Gala – GameFi Platform Powered by GALA Coins

Gala is a blockchain-based crypto gaming platform that lets users earn GALA tokens for completing challenges and achieving other milestones. As a player, you can also use GALA coins to purchase in-game NFTs. Outside this gaming ecosystem, it is possible to trade GALA tokens for other cryptocurrencies, or fiat money.

Gala is also unique in its business model. This crypto game intends to allow its players to become proactive partners and partake in the decision-making process. In fact, the player community has a say in the kind of games they would like to see created on the Gala network.

GALA saw its price soar to its all-time-high value of about $0.70 in November 2021. However, since then, this GameFi crypto coin has witnessed heavy volatility. Despite this, this crypto project demonstrates plenty of room for growth and could be a valuable addition to your portfolio.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

8. ApeCoin – GameFi Token Backed by Popular NFT Project

ApeCoin is the governance token of one of the market-leading NFT projects, the Bored Ape Yacht Club. This collection features a selection of 9,999 NFTs, which depict images of Apes with unique attributes. Those who buy these BAYC NFTs have the option to claim Ape Tokens for free.

However, it is worth pointing out that a single BAYC NFT can set you back hundreds of thousands of dollars. Therefore, if you do not wish to invest in an NFT, you can also buy ApeCoin via popular cryptocurrency exchanges like eToro. The ApeCoin token is designed for both utility and governing purposes in the BAYC ecosystem.

Those who hold ApeCoins receive voting rights in the BAYC network. You will also be able to use this GameFi collection token to make purchases or gain access to exclusive events hosted by the BAYC platform. Aside from all this, you can also exchange these GameFi coins for fiat currency via third-party exchanges.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

9. Immutable X – Crypto Token That Powers NFT Protocol

To understand the role of Immutable X, one should first gain a grasp of the shortcomings of Ethereum. While most NFTs are built on the Ethereum blockchain, this network has some limitations when it comes to scalability, speed, and fees. Immutable X serves as a layer-2 scaling solution for NFTs on Ethereum and aims to solve these issues.

This platform offers instant trade confirmation and low gas fees for minting and trading NFTs. More importantly, Immutable X facilitates this without compromising the security of assets. Given the role of NFTs in the GameFi space, it is easy to see why Immutable X has emerged as one of the best crypto projects for high growth potential.

Its native token, IMX, serves as both a utility and governance coin within this ecosystem. The GameFi token is used to incentivize users on Immutable X and also to pay for transactions. Moreover, those who hold IMX coins can earn rewards through staking.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

10. Yield Guild Games – Crypto Platform for Renting NFTs

The final option from our list of the top 10 GameFi crypto tokens is Yield Guide Games, otherwise known as YGG. This is a decentralized platform that gives you access to NFTs used in different crypto games, such as The Sandbox and Decentraland. In other words, you can use this marketplace to rent NFTs rather than having to buy them.

Moreover, it is also possible to lend and sell NFTs to other users via this platform. For instance, if you have any Axies, the NFT creatures of the game Axie Infinity, you can sell or rent them out to other players through YGG. As with the majority of GameFi projects, those who hold YGG tokens obtain rights to participate in the governance of this platform.

The platform was inspired by the demand for GameFi collections and NFTs in the Philippines. During the pandemic, games such as Axie Infinity had become the main source of income for many players in the country. The launch of Yield Guild Game helped players to start their GameFi journey without having to make a significant investment.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

What are GameFi Crypto Tokens?

The term GameFi is an amalgamation of two words – game and finance. In simple terms, it refers to the financialization of video games. Put otherwise, these blockchain games let players earn incentives in terms of cryptocurrencies and non-fungible tokens.

Now, GameFi tokens essentially function as the in-game cryptocurrency of play to earn projects. Depending on the specific game you choose, the best GameFi coins will also have different use cases.

You can use the best GameFi crypto tokens to:

• Buy in-game assets such as characters, weapons, crops, and other tools
• Gain access to in-game contests, tournaments, and virtual locations
• Take part in the governance of GameFi platforms

These GameFi coins can be acquired by completing challenges or goals within a game. Alternatively, you will also be able to purchase the best GameFi crypto tokens via popular cryptocurrency exchanges like eToro.

Are GameFi Cryptos a Good Investment?

The blockchain gaming sector is estimated to be worth more than $50 billion by 2025. And crucially, this crypto gaming economy is driven by GameFi tokens.

Given the popularity of this emerging industry, GameFi coins could benefit from substantial growth in the future.

That said, GameFi crypto tokens are still relatively new, and as such, many of these projects do not have an established track record.

Moreover, Gamefi tokens are volatile in nature, which is another important factor that should be taken into account before making an investment.

With this in mind, let us consider what makes GameFi cryptos a good investment.

Receive Rewards

As we noted earlier, GameFi crypto tokens play a significant role in the blockchain industry.

These play to earn games provide players with the opportunity to gain cryptocurrencies as rewards by completing tasks and other challenges.

• In order to get ahead in games, users also have to make purchases of NFTs.
• These purchases are carried out using GameFi tokens.
• For instance, in order to participate in the Lucky Block prize draw, you need LBLOCK tokens to buy entry tickets.
• However, a critical advantage is that you can gain rewards from the prize draw regardless of whether you win or not.
• All you need to do is connect your wallet, and you will receive rewards in proportion to the number of LBLOCK tokens you hold.

In other words, those who hold GameFi crypto coins can earn regular income without even having to play the game itself.

Moreover, if the crypto game in question becomes popular, the price of the associated GameFi token could also increase – presenting you with another opportunity to grow the value of your investment.

Ownership of Digital Assets

Unlike traditional gaming models, crypto games give their users full control of their assets.

Meaning, if you buy or earn any GameFi coins by completing challenges, you maintain ownership of these tokens. This also applies to any other NFT you collect from play to earn games.

And thanks to this provable ownership, you can monetize the best GameFi crypto tokens in different ways.

• You can use your GameFi collection token to purchase in-game assets and sell them to other players.
• It is also possible to sell these in-game assets on secondary NFT marketplaces or even conduct an auction for them.
• You can also choose to trade your GameFi token on a cryptocurrency exchange or swap them for fiat currencies.

As you can see, while GameFi crypto tokens are closely associated with their respective platforms, they can also be used to earn money outside their native ecosystem.

Applications in the DeFi Sector

Games that are built on blockchain technology also allow you to leverage DeFi functionalities.

For instance, some GameFi projects support features such as crypto staking, yield farming, and liquidity mining.

These DeFi features allow you to lock your GameFi collection token on a decentralized platform and earn additional rewards.

On top of this, depending on the chosen project, owning GameFi tokens will also give you the right to participate in the governing process of the network.

For example:

• As we noted earlier, Decentraland is a GameFi project that supports staking.
• Furthermore, by staking MANA tokens, you also receive voting rights on the platform.
• The more MANA tokens you stake, the higher your voting power is.
• Similarly, you can also stake YGG tokens to unlock exclusive content on the Yield Guild Games Discord channel and to earn additional rewards.

This gives you a chance to communicate and engage directly with the developers of a gaming platform and influence the development and roadmap of the project.

All that being said, whether you can benefit from these aspects of GameFi will ultimately depend on the crypto project you choose to invest in.

Therefore, make sure that you understand who is behind the project and the risks involved before investing any money.

Where to Buy GameFi Crypto Tokens

If you are looking to invest in the best GameFi crypto tokens, the easiest way is to use a cryptocurrency brokerage or an exchange that supports your preferred coins.

However, the question often comes down to which is the best altcoin exchange that you can use to buy GameFi crypto tokens.

What you want is a secure platform that gives you access to a wide range of cryptocurrencies without paying hefty fees. And we found eToro to fit this description perfectly.

eToro – Best Online Broker to Buy GameFi Crypto Tokens

With over 25 million global clients, eToro is one of the most popular online brokers of today. Launched in 2007, this platform presents you with a simple and user-friendly interface to make investments. eToro supports over 70 cryptocurrencies, which include some of the best GameFi crypto tokens – such as MANA, SAND, AXS, and more.

Moreover, eToro charges a flat of just 1% when you buy cryptocurrency. You do not have to pay any deposit fees when you are funding your account in US dollars. eToro is also flexible when it comes to payment methods and accepts deposits via bank transfers, debit/credit cards, and e-wallets.

And interestingly, eToro also comes with a crypto wallet feature. This means that you can leave your cryptocurrencies on eToro for the long term, without having to worry about the safety of your tokens. Moreover, this also makes it easier for you to track the performance of your GameFi crypto tokens, directly from your brokerage account.

If you are new to the crypto space, you can also take advantage of eToro’s innovative copy trading tools. This feature lets you choose an experienced investor on eToro and copy their trades into your own portfolio – like for like. There is also a handy demo account that you can use to shorten the learning curve.

Above all, eToro is one of the few crypto brokers that is regulated on multiple fronts – by the SEC, FINRA, FCA, CySEC, and ASIC. You can also use this platform to invest in NFT stocks, ETFs, commodities, and the forex market. And if you choose eToro to buy stocks, you do not have to pay any commissions at all.

To get started, create an account on eToro – all you need is $10 to buy GameFi tokens at industry-leading fees.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Conclusion

The rapid development of the GameFi sector is impressive, and this trend is set to continue over the coming years. The ability to own in-game assets and earn cryptocurrencies makes GameFi platforms an attractive investment sector.

Our guide points out some of the best GameFi crypto tokens to consider right now. The list includes popular gaming coins such as MANA, SAND, and AXS, as well as digital tokens like Enjin and Immutable X – which facilitate the growth of NFT platforms.

From our research, we find Lucky Block to be the best overall GameFi crypto token to invest in right now.

By holding LBLOCK tokens, you have the opportunity to earn rewards from the Lucky Block prize draw. Put simply, the more LBLOCK tokens you own, the more chance you have of scooping the jackpot prize.

Cryptoassets are a highly volatile unregulated investment product. 

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