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What is a gaming altcoin?

A gaming altcoin typically falls into one of two categories. Tokens like SAND, used by The Sandbox, provide an in-game currency useful for buying game assets like NFTs or transacting with other players. Other coins represent the blockchains used by web3 games.

What are altcoins & how do they work?

However, many see altcoins as any cryptocurrency besides the big two, Bitcoin and Ethereum, which together comprise over 70% of the crypto market value. Altcoins encompass thousands of other cryptocurrencies, many of which aren’t as obscure as the term altcoin might suggest.

Are altcoins a good investment?

In summary, altcoins offer various options with huge potential for investors and users. With thousands of altcoins offering distinct features and use cases, there's something for everyone, from stablecoins to utility tokens. While the market can be volatile and dangerous, meticulous study can lead to huge profits.

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