Blockchain Gaming: Top Projects ($MANA, $ENJ, $SAND, $ALICE)
With a Market cap of more than $8B, Axie Infinity ($AXS) is in a league unto itself, but there’s a few other blockchain gaming projects with market caps in the top 200:
- Decentraland ($MANA) – A metaverse-style virtual reality experience native to the Ethereum blockchain -- Similar to Roblox ($RBLX) with notable blockchain elements.
- Enjin Coin ($ENJ) – An Ethereum protocol designed to help developers create games with “open ecosystems”, primarily by providing inherent value to in-game items.
- The Sandbox ($SAND) – Ethereum-based and similar in style to Decentraland -- Places an emphasis on internal play-to-earn mechanics.
- MyNeighborAlice ($ALICE) – An (Ethereum-based) blockchain builder game with a cutesy aesthetic, styling itself after Nintendo’s popular ‘Animal Crossing’ Series.
Underlying chatter relating to these games and their associated tokens reveals that none are currently outperforming their market cap.