Top5 eSports Cryptocurrencies 2023

The eSports gaming sector, including eSports betting, is undergoing tremendous change, with new, exciting possibilities triggered by technological advancements such as crypto, so it is time to talk about Top5 eSports cryptocurrencies.

Players and investors have various projects to check out, including crypto coins, which have become popular. These coins combine two popular and relatively new industries; eSports and blockchain.

This guide reviews the best eSports cryptocurrencies to invest in, including Decentraland, Sandbox, ApeCoin, Enjin and Chiliz, as well as explores opportunities in crypto sports betting. Be sure to go through the following sections to discover more.

1. Decentraland

Cryptocurrency eSports gaming enthusiasts consider the virtual world of Decentraland as one of the top Cryptos in the metaverse gaming world, making it arguably, the biggest gaming cryptocurrency..

Decentraland utilises blockchain technology to allow players to purchase, sell, and own assets such as virtual land using MANA tokens.

After creating their respective characters, players enter this immersive world and communicate with other gamers globally, explore art galleries, attend virtual events, or relax in their comfortable virtual space.

Asset owners in Decentraland can rule the universe. This feature allows players to customise their virtual environment as they own, making it truly decentralised.

Aside from owning virtual land, players can purchase clothes and accessories using MANA tokens to personalise the online gaming experience.

Decentraland Non-Fungible Tokens (NFTs) can be traded on open marketplaces, a feature that makes them valuable digital assets.

MANA, Decentraland’s native token, has grown significantly in value and popularity since its establishment, making it a perfect investment for individuals who forecast its great future.

Decentraland provides players and investors with a fascinating and unique chance to construct and rule a decentralised virtual environment while also allowing them to grow their crypto wallets and wealth.

2. Sandbox

Sandbox is one of the popular GameFi coins with an immersive metaverse. It’s the best crypto game on the market, allowing players to establish and explore the potential of the virtual worlds while earning real money.

Sandbox provides different universes to pick from, including the Walking Dead Land, which enables players to own virtual land pieces that act as real estate.

Just like most crypto games, these virtual land pieces are minted as Non-Fungible Tokens on the platform.

Sandbox features just a few virtual land pieces, known as plots, making them more valuable. The best part is that the Non-Fungible Tokens (NFTs) that players own are likely to increase in value over time.

SAND is the native token of Sandbox, and apart from using it to purchase virtual pieces of land, it can be used to acquire and sell in-game resources and other digital assets the platform offers.

Players can trade Non-Fungible Tokens (NFTs) with their colleagues to personalise the appearance of their Avatar as well as the entire gaming experience.

3. ApeCoin

ApeCoin is a relatively new eSports Cryptocurrency designed to reshape culture through NFTs. APE is its native coin, a utility and an ERC20 governance token used to control the ApeCoin ecosystem.

ApeCoin Crypto ranks as one of the leading cryptocurrency eSports gaming coins as it was established to empower and incentivise the decentralised community.

Holders of APE have a DAO – Decentralised Autonomous Organisation that manages the ApeCoin ecosystem and have the right to vote on how the platform should be used.

DAO was established to build and maintain the ApeCoin ecosystem in a broad way while providing an excellent infrastructure for holders of APE to collaborate.

ApeCoin holders can earn interest, keeping their portfolio stable during value volatility. OpenSea announced that APE would be used as a payment form, enabling the coin to make significant surges in the market.

4. Enjin

Enjin is a unique eSports Crypto game as it features in-game collectibles. The gaming platform provides software development kits to allow developers to build in-game collectibles as well as virtual assets associated with the Enjin ecosystem.

ENJ is the native token of Enjin Crypto, which is locked in smart contracts, ensuring it retains its real-world assets.

Enjin provides a native crypto wallet that trades NFTs and other digital assets seamlessly. While Enjin is making some positive moves regarding its value, the price movements have been minor, allowing investors to make some profits by getting in and out of the market.

5. Chiliz

Chiliz is a blockchain-based eSports and sports gaming platform that allows players and fans to buy tokens for their teams of choice. With Chiliz tokens, players can vote for club decisions or participate in privileged reward programs and promotions.

The blockchain platform is an exciting prospect and is in contention for the best eSports cryptocurrency for gaming and sports enthusiasts thanks to its collaboration with massive football clubs such as AC Millan and FC Barcelona.

Crypto Makes eSports More Accessible

Before you can discover more about the best eSports Cryptocurrencies, it’s vital to understand how crypto makes eSports more accessible. Top eSports cryptocurrencies allow players to play and place bets anonymously.

Unlike regular currencies, where transactions need authorisation from banks or the government, an eSports crypto doesn’t, allowing players to play and bet anonymously.

They don’t share their details when making deposits and withdrawing their funds. Additionally, eSports cryptocurrencies support easy and quick deposits as they process transactions instantly.

Crypto also allows players and bettors to move vast amounts of money worldwide, which is much more challenging to achieve with other payment options, where lots of paperwork, significant time and huge fees are involved.

Cryptocurrency operates on a worldwide blockchain enabling huge amounts of cash to be transferred globally for a nominal fee and almost instantly.

Crypto is borderless, allowing eSports tournament organisers and sports betting companies to bypass governments and banks interfering with the transfer of huge amounts of money.

Cryptocurrencies also speed up pay-out processes. Players and bettors can receive their funds within minutes as soon as an event or tournament ends.

There is no waiting for weeks or even a month to receive winnings. By doing so, cryptocurrencies make playing and eSports crypto betting safer and easier.

Conclusion

Adopting crypto in the eSports gaming sector has opened doors for numerous new possibilities for investors and players.

Most eSports currently use cryptocurrencies as in-game currencies. Players can use these cryptocurrencies to purchase weapons and characters.

These video games also use play-to-earn models where players can earn crypto coins as they complete certain tasks or missions.