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Top 5 Gaming Tokens to Invest In

What are the significant cryptocurrencies on which well-known games are based? What are the top 5 gaming tokens?

Cryptocurrencies are now more than objects of speculation and financial assets. Virtual games in which you can win tokens are now based on the blockchain. But what are the significant cryptocurrencies on which well-known games are based? What are the top 5 gaming tokens? Let’s take a look at it in more detail.

Top 5 Gaming Tokens – BakeryToken (BAKE)

— BSC News (@BSCNews)

The BakeryToken is BakerySwap’s token. BakerySwap is a Uniswap clone on which it is possible to do NFT trading. The BakeryToken is earned by supplying liquidity to asset pairs. The separate pools are named after foods such as donuts, waffles, rolls, and croissants. BakerySwap only operates on the Binance Smart Chain (BSC) and includes extensive gamification.

Top 5 Gaming Tokens – The Sandbox (SAND)

— The Sandbox (@TheSandboxGame)

The Sandbox is a 2012 video game for Android and iOS. In the game, different 3D worlds can be played side by side in a metaverse. Players can create, play and trade their own virtual creations over the blockchain. The SAND token is the root of transactions and interactions in the sandbox game. It is one of the top 5 gaming tokens.

Top 5 Gaming Tokens – Enjin Coin

The Enjin Network is a social gaming platform based on the blockchain. Users can create websites, chat and operate virtual item shops on it. It allows game developers to tokenize goods on the Ethereum blockchain. The Enjin Coin was first launched on the Ethereum Blockchain in June 2018.

Additionally, Enjin works with NFTs. They are the preliminary architects of the ERC-1155 token benchmark, which is specifically created for NFTs. Enjin focuses on in-game objects and collectibles. Currently, they seek to handle the issue of Gas Fees on the Ethereum network and are looking to find a solution for scaling and interoperability (aka the power of various computer systems to trade information).

Top 5 Gaming Tokens – Decentraland

Decentraland is a decentralized virtual reality platform based on the Ethereum blockchain. It was first opened to the public in February 2020. Users can buy, create and monetize virtual reality applications on it. Furthermore, they can create scenes, games, artworks, and challenges with a builder tool. Decentraland’s MANA token is ranked #2 in the top 5 gaming tokens. Two different types of tokens watch progress in Decentraland. These are:

  • LAND – A non-fungible token (NFT) employed to define the investment of land packages defining digital real estate. 
  • MANA – A cryptocurrency that allows custody of , as well as virtual assets and helps applied in Decentraland.

Top 5 Gaming Tokens –Axie Infinity (AXS)

Axie Infinity is a blockchain-based fighting and trading game that is partially managed by its own players. In the game, users can breed creatures called Axies. You can trade these creatures with each other and let them fight each other. The game is inspired by classics like Pokemon and Tamagotchi, among others. Axie Infinity’s AXS token is #1 in the top 5 gaming tokens.

Axie Infinity’s mission was to serve as a fun and educational way to introduce the world to blockchain technology. Many of the developers and the team members assembled from playing Cryptokitties, which then evolved to them working on the Axie game and introducing the magic of blockchain technology to players. 

Source: Altcoin

Altcoins

FTX hacker may be a former employee, says Sam Bankman-Fried

Ex-FTX CEO Sam Bankman-Fried said the exchange’s hacker might be a former employee. The crypto exchange lost $650 million in a hack a few hours after it filed for bankruptcy. FTX was prioritising Bahamian withdrawals, SBF added. FTX lost $650 million in a hack after filing for bankruptcy Troubled cryptocurrency exchange FTX revealed that it […]

The post FTX hacker may be a former employee, says Sam Bankman-Fried appeared first on CoinJournal.

  • Ex-FTX CEO Sam Bankman-Fried said the exchange’s hacker might be a former employee.

  • The crypto exchange lost $650 million in a hack a few hours after it filed for bankruptcy.

  • FTX was prioritising Bahamian withdrawals, SBF added.

FTX lost $650 million in a hack after filing for bankruptcy

Troubled cryptocurrency exchange FTX revealed that it lost $650 million in a hack a few hours after filing for bankruptcy

During an exclusive interview with Tiffany Fong a few hours ago, former CEO Sam Bankman-Fried revealed that the hacker might be a former employee. He stated that;

“I’ve narrowed it down to like eight people. I don’t know which one it was. It was either a former FTX employee or someone who installed malware on a former employee’s computer.”

Prior to losing access to FTX’s systems, SBF said he was working hard to determine who moved the hundreds of millions of dollars from FTX’s accounts without company approval. He said;

“I don’t know exactly who because they shut off access to the systems when I was halfway through exploring it.”

FTX had asked the judge handling the bankruptcy case to allow it to hire BitGo to safeguard its assets during the bankruptcy proceedings. This is to ensure that the company’s assets are protected against hacks. 

FTX’s collapse was driven by the sell-off of FTT tokens

He added that the collapse of FTX was driven by a massive sell-off of its FTT token, which was primarily driven by fear. SBF added that FTX was processing withdrawals for its users in the Bahamas since it is the country the crypto exchange was incorporated. He said;

“It was critical to the exchange being able to have a future. You do not want to be in a country with a lot of angry people in it. The pathway forward for FTX involved Bahamians not being pissed at it,”

However, SBF admitted that processing withdrawals for users in the Bahamas and not other places was not a nice move on the part of the cryptocurrency exchange. The former FTX CEO denied allegations that he built a back door into FTX’s system that allowed him to move $10 billion to sister company Alameda Research. He concluded;

“I don’t even know how to code. I literally never opened the codebase for any of FTX.”

The post FTX hacker may be a former employee, says Sam Bankman-Fried appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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