ENJIN is about to EXPLODE! Metaverse gaming will be MASSIVE in 2022!
This video talks about Enjin price prediction in 2022 and how Enjin price is going to increase in 2022 and also about how Enjin is the best metaverse token among gaming tokens top altcoin to buy in 2022.
Enjin is one of the best altcoin tokens to buy in 2022.
Play-to-earn gaming has taken the crypto world by storm, and it's easy to see why. With this unique gaming model, which is geared to adults, participants are rewarded with cryptocurrency or NFTs just for playing games they would probably play for free. Axie Infinity, the most popular platform for play-to-earn gaming at the moment, allows users to build up a collection of "Axies" they can use across the company's universe of games. From there, the company uses Blockchain to reward its players for taking part.
However, it's worth noting that play-to-earn gaming isn't technically "free" — at least not at first. With Axie Infinity, you need three Axies to get started in the first place, and these Axies cost cold, hard cash. To meet this requirement, you may have to fork over $1,000 USD or more, as you can see by looking at the game's Marketplace Dashboard.
From there, you can make money by selling SLPs (smooth love potions), breeding rare Axies, and through AXS staking. You also earn crypto just for playing various games the platform offers.
Interestingly, each Axie in itself is an NFT, or non-fungible token, that is ultimately minted on the Ethereum blockchain. That's why Axies cost money, and why you can sell them for a profit.
The sixth argument for extending the cryptocurrency bull market to 2022 is the development of blockchain-based video games and metaverse projects. Many large projects in this niche are still in development, with major games announced for next year.
This does not change the fact that the price of virtual land in the largest blockchain games is already surging rapidly.
In late November, BeInCrypto reported the sale of a plot of land in Axie Infinity (AXS) for a record $2.3 million. Previously, a plot of land in Decentraland (MANA) was sold for $900k in June this year.
An additional catalyst for the adoption and popularity of blockchain-based video games is the growth of the Play-to-Earn (P2E) sector.
It allows video game fans to indulge in their hobby while earning cryptocurrencies that they can later exchange for local fiat currencies. For example, many P2E sector players in the Philippines make a living from playing their favourite titles.
Highlighting the potential influx of new users and cash into the crypto market in 2022, Lark Davis comments briefly:
“Gaming will bring in tens of millions or more new users. The metaverse is a future multi trillion dollar industry.”