NFT coins are becoming increasingly popular. A list of currencies that back up some of the most popular NFT gaming coins can be traded on the News Spy crypto trading website. It’s crucial to consider which currencies have seen recent gains and how large their market capitalisation is.
Finally, it is critical to invest with caution and conduct a thorough study before making a financial commitment. This is the top list of coins with NFT games backing for people who aren’t interested in playing the games themselves but rather want to buy the coins that support them:
Theta Network (THETA)
Theta (THETA) is a decentralised network that was created with video streaming in mind. Launched in March 2019, Theta mainnet is a peer-to-peer network in which users trade bandwidth and processing resources with one another. THETA, Theta’s native cryptocurrency token, is used to carry out different governance functions inside the network.
Theta is a video streaming, data distribution, and edge computing platform that is decentralised. The internal economy is powered by two native currencies, Theta (THETA) and Theta Fuel (TFUEL), which run on a native blockchain. TFUEL tokens are rewarded for watching network content and sharing network resources, so users have a motivation to do both. Developers wishing to create decentralised apps (DApps) using Theta’s fully featured EVM-compatible Smart contract platform, in addition to video, data, and compute, are catered to.
Market Capitalisation: $6,052,962,116
Chiliz (CHZ) is the top digital currency for sports and entertainment and is the world’s first blockchain-based fan engagement and rewards network, Socios.com. Fans may buy and sell branded Fan Tokens and partake in, affect, and vote in club-related surveys and polls. Exclusive incentives and fantastic experiences, such as gamification, social engagement, and leaderboard features are available to those who purchase ownership.
The CHZ Token is used exclusively to power Socios.com, and it’s a consumer-facing website where fans may use their Fan Tokens to participate in polls and surveys and get rewards for doing so. The CHZ coin has a high degree of liquidity and is listed on a number of well-known exchanges across the world, including Binance, Bitpanda, HBTC, Paribu, Mercado, and Binance. Chiliz’s in-house exchange, www.chiliz.net, allows fans to purchase and sell Fan Tokens.
Market Capitalisation: $1,378,455,374
Enjin Coin (ENJ)
Enjin Coin, an ERC-20 token, is a project of Enjin, a firm that offers a blockchain-based gaming environment with interconnected goods. The Enjin Network, a social gaming network that allows users to create websites and clans, interact, and manage virtual goods businesses, is the company’s main product. Enjin Coin is used to back digital assets generated on its platform, allowing them to be bought, sold, and traded for fiat money.
Enjin Coin is a new currency that provides real-world liquidity to in-game tokens. ENJ directly backs every token created on the company’s platform, giving it value. According to the company’s co-founder, he envisions a future in which millions of players utilise Enjin Coin-backed digital products without even realising it.
Market Capitalisation: $1,328,796,729
Flow is intended to serve as the cornerstone for a new generation of games, applications, and the digital assets that fuel them. Additionally, it is a fast, decentralised, and developer-friendly blockchain. The FLOW token (“FLOW”) is the coin needed for the platform and all of its apps to function. It is intended to function as both a payment method and a long-term reserve asset for the whole Flow economy.
Flow is a multi-role design that enables the network to grow to service billions of users without sharding or decreasing consensus decentralisation. Cadence, a simple and secure programming language for crypto-assets and apps, creates smart contracts. The Flow was created with mainstream customers in mind, with payment onramps providing a safe and low-friction path from fiat currencies to cryptocurrency. This network is also intended for people who wish to create valuable goods for the community.