The Gamefi industry generated over $2.3 billion in the third quarter of 2021 and has been taking strides to mass adoption with platforms games like Xchange Monster (MXCH), Illuvium (ILV), and Axie Infinity (AXS). This article will explain why blockchain gaming is the next step for the gaming industry and how Xchange Monster is bridging the gap between gaming and the crypto community.
Xchange Monster (MXCH)
Xchange Monster’s ecosystem offers a unique, regulated cryptocurrency platform that provides solutions for the gaming community and providers. The project offers tools for gamers and developers while supporting the storage of crypto and digital assets. Xchange Monster (MXCH) also enables direct payments for all NFT transactions on the platform.
Recognised by Swiss regulators, The platform is safe and secure. The importance of trust in blockchain technology was imperative when designing the platform. As a trusted cryptocurrency platform, Xchange Monster can unlock the potential of the Gamefi industry and help to promote its growth.
The team behind Xchange Monster (MXCH) is also impressive. They have an array of experience in the Blockchain space and a strong background with blue-chip companies such as Microsoft and Amazon. Another important factor is that the team is doxxed and easy to verify online. The CEO is Felix Honigwachs, an entrepreneur with a background in software development.
Xchange Monster is a crypto project that offers a simple user experience. The vision of the project is to bridge the gaming community and operators by using a value-driven ecosystem. The project will be an exciting prospect for the industry with its ability to provide a smooth and enhanced gaming experience.
Illuvium (ILV) is a 3D RPG game on the Ethereum network with auto-battle gameplay. Similar to old-school RPG games, The primary objective of players is to win the battles, upgrade, and complete quests. In-game rewards will be ILV Tokens which are digital assets.
An NFT Illuvial is a creature with different skills. Players can collect and upgrade them to win battles. In the Illuvium marketplace, both NFT Illuvials and in-game assets can be traded using real-world fiat currency.
Illuvium is gaining more attention after recently announcing its integration with Immutable X, a layer 2 solution for Ethereum, allowing for NFTs to be exchanged with zero gas fees. This also allows Illuvium (ILV) to offer peer-to-peer trading to the community with zero gas fees, unlike many other crypto-gaming platforms on the Ethereum blockchain.
Axie Infinity (AXS)
In 2021, Axie Infinity (AXS) was officially the first Ethereum-based game to hit $1 billion in revenue. The game has over one million active users. It is known as the most popular non-fungible token (NFT) game in the market, created by a Vietnamese organisation known as Sky Mavis. It is one of the top-selling games on the entire blockchain.
Axie Infinity is a Pokemon-inspired game where users can build a team of creatures called Axies. The Axies can then be used to battle players in the Arena mode or fight enemies in the Adventure mode. It’s had incredible success in the industry and has even been able to provide some people with livelyhoods. It could be a good bet for holding in the bear market.
What next for the Gamefi space?
Gamefi will create an environment where gamers can use their skills to earn crypto, providing an incentive for their work while also educating them on cryptocurrencies. Overall this will enhance the user experience and help to drive the adoption of crypto-gaming. These projects are poised to grow with the industry and would be worth looking into for a potential investment!
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