Altcoin Sensation: Gaming Tokens Leading the Next Big Trend in Digital Finance

The crypto industry is growing each year, and gaming tokens are becoming increasingly popular. These blockchain-powered assets are setting new standards in both the gaming industry and the world of digital finance. Since a lot more game developers are using new blockchain techs to keep their players active, gaming tokens are becoming a new trend in both sectors.

Gaming Tokens: New Bridge Between Gaming and Finance

Gaming tokens are a special type of altcoin made for games. They can be used to complete in-game activities – mostly buying stuff, making trades, or getting rewards. The best part is that you can later exchange the tokens on a blockchain network and get real money for them.

Games like Axie Infinity and The Sandbox have proven how players can easily make some good money using these tokens. When Axie’s AXS token exploded in 2021, players were cashing in.

The freedom to exchange the in-game tokens on an external exchange platform is maybe the biggest reason why gaming tokens are causing so much hype around the market.

The Real Potential of Gaming Tokens is in Numbers

When we talk about gaming tokens, the numbers are definitely worth mentioning. Blockchain gaming is expected to grow by 68.3% each year from 2024 to 2030. That’s more than 5x faster than regular online gaming, which is only set to grow by 13.4%. NFTs are a big factor in the industry, as they’re adding a whole new value to games.

More exchanges are listing new gaming tokens too. When selecting the best new Coinbase listings, Goran Radanovic found that many of the latest additions were gaming tokens from casino platforms and P2E games. Now that these coins feature on mainstream exchange platforms, they’re likely to make significant gains and be subject to high trading volumes.

In 2024, traders all around the world have put over $4.5 billion into blockchain gaming projects, and as more platforms are starting to use these tokens, we’ll most likely see much more money coming in.

DeFi and Gaming Tokens: Fun and Investment Combined

Right now, you can use your tokens outside of games – you choose either to stake them for rewards or use them in DeFi apps. This interesting combination of gaming and finance is called GameFi, and it’s already attracting seasoned investors. The GameFi market is predicted to grow at a CAGR of 28.50% between now and 2032.

Plus, blockchain lets these tokens work across all kinds of games and platforms. The high flexibility, when combined with some exclusive perks, makes gaming tokens even more attractive.

Issues You Can Face When Dealing With the Gaming Tokens

It’s not all perfect in this part of the industry, though. Gaming tokens have some issues as well. The biggest one is accessibility, as many gamers don’t know much about blockchain tech so might find it a bit confusing to manage their crypto wallets. Making blockchain technology easier to use could be crucial for more people to join. Limited knowledge of the crypto market could explain why only 17% of US adults have invested in it.

Closing this knowledge gap will make much better results, and lead to new, simpler tools for managing tokens.

However, new issues may arise in the future as more crypto regulation comes in. The upcoming presidential election will determine the extent and type of regulations that will come in over the next few years, with Trump asserting himself as the most pro-crypto candidate. A recent poll found that crypto owners are more likely to vote for Trump than Kamala Harris.