Here’s Why Gaming Category Cryptos Are on the Rise, and this is A Star Buy

By September 17, 2022The Sandbox
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Here's Why Gaming Category Cryptos Are on the Rise, and this is A Star Buy

Blockchain gaming is on the rise. A report by McKinsey estimates that the metaverse will hit a $5 trillion valuation by 2030, and crypto gaming is a big part of the metaverse. Tamadoge stands as the top gaming coin to buy for notable gains.

Gaming cryptocurrencies are on the rise

The blockchain gaming sector is growing at an alarming rate. The growth is attracting new players each day and making the sector appealing to venture capitalists who have poured hundreds of millions of dollars worth of investments into the sector this year.

In most instances, crypto games support the creation and ownership of non-fungible tokens (NFTs). Unlike centralized games, where the developers control all in-game assets, crypto gaming platforms have decentralized items, making them wholly owned by the player.

Crypto gaming is now a vital piece of the larger blockchain space. The emerging industry has attracted much attention since it was first incepted. The sporadic increase in valuation is evidence of this growth.

In 2021, the crypto gaming sector had a valuation of around $3 billion. However, during the first quarter of 2022 alone, investments in the sector surpassed $2.5 billion. Investors in the space are optimistic about revenue growth due to forecasts like McKinsey’s.

Early crypto games such as Axie Infinity and The Sandbox are still thriving. However, the two games are witnessing dwindling numbers due to several weaknesses, such as the $600M hack on Axie Infinity earlier this year. New games are now taking over the market, with one example being Tamadoge.

New P2E game, Tamadoge, has the most successful presale

Tamadoge is a new blockchain gaming project with the most successful presale. So far, the presale has raised $16.9 million in just over a month since it launched. The presale has a hard cap of $19 million, with less than 10% of the tokens remaining in the last phase.

Tamadoge has raised more than Ethereum, the second-largest cryptocurrency, did during its initial coin offering (ICO) in 2014. It has also effortlessly beaten the $9.2 million raised by the STEPN move-to-earn project.

Some outstanding features make Tamadoge the hottest P2E gaming coin in the crypto sector. The first is the focus of the team on security. Given the project’s massive size, the team has taken measures to ensure the code is impenetrable, having been fully audited by Solid Proof.

Several team members have also been made public, with Senior Blockchain developer, Siphamandla Mjoli, being the latest addition. The other team members include Neil Palethorpe, the senior interaction designer, Carl Dawkins, the head of growth, and Thomas Seabrook, the lead game developer.

The team has also decided to conduct a one-off giveaway of $100,000 TAMA tokens as part of the ongoing presale. Users who want to be eligible for the giveaway must buy at least $100 worth of TAMA.

Tamadoge is already securing its position in metaverse gaming. The team is expected to be part of the September Metaverse Week that commenced earlier this week in London. Carl Dawkins, the Tamadoge Head of Growth, will speak at this event on September 17, where he will share his experience in crypto over the past seven years.

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