Those passionate about blockchain technology and gaming have been excited over the development of Xchange Monster (MXCH) and Decentraland (MANA). This article will look into how these projects could grow with the market and whether or not they will be successful in the long term.
Xchange Monster (MXCH) is a gaming platform fully regulated by one of the most trusted and recognised regulators in Switzerland. The platform is regulated by the VQF, which is under the supervision of FINMA, The Swiss financial conduct authority. The platform is well-secured which allows Xchange Monster to improve the potential of the crypto-gaming market and promote its development.
Xchange Monster’s objective is to help people trade in-game assets in the GameFi sector with confidence and assurance. The team is hard at work to develop the most efficient news source for a network for those concerned with the crypto economy’s growth.
The Xchange Monster team wants to offer solutions for the gaming community and operators. The project will support cryptocurrencies while providing instant payment facilitation for NFT transactions.
The team behind Xchange Monster (MXCH) is fully DOXXED and open to the public, it can be proven that they are experienced individuals, working for numerous blue-chip organisations such as AWS, Siemens, and Microsoft, etc. Leading the team is Felix Honigwachs, who comes from a background in product management and software engineering.
Decentraland (MANA)
Decentraland (MANA) is a virtual reality world that runs on the blockchain. It is powered by Ethereum and was created to support the development, hosting, and sales of virtual property.
Decentraland is built similarly to most blockchain projects. It has a protocol that has three layers. These are the content layer, consensus layer, and the real-time layer. The consensus layer is where the smart contracts that govern land ownership are made.
Decentraland metaverse features three native tokens which are the ERC-721 and the ERC-20 token. MANA, being the ERC-20 token, is fungible and is the currency used in Decentraland’s marketplace. Land and Estate are ERC-721 tokens, they are non-fungible because they each have unique identities that can not be replicated.
A unique characteristic of Decentraland lies within the emphasis on the community. The community can vote on changes and improvements to the platform. The exception is the Security Advisory Board which must approve the decisions made by the community. The board however is made up of members voted by the community.
Unlike other world exploration games such as World of Warcraft, users can own the value of the work put into the virtual world.
The rapid development of the GameFi sector has been impressive and this trend looks set to continue over the coming years. The ability to own in-game assets while earning cryptocurrencies makes GameFi platforms an attractive sector. It would be worth looking into both projects further as they could provide a real opportunity for returns!
For more information on Xchange Monster visit:
Presale: https://xchangemonster.boostx.finance/register
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
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