Wednesday, August 10, 2022
Home Press Release The Exciting Evolution Of Blockchain Gaming With Xchange Monster (MXCH) & Decentraland...

The Exciting Evolution Of Blockchain Gaming With Xchange Monster (MXCH) & Decentraland (MANA)

- Advertisement -
Follow-Us-On-Google-News

The words decentralized finance and game, these two industries have been combined together and from this combination the GameFi sector was birthed. For many years in the past people have loved and enjoyed playing video games, times were a lot simpler when young kids could play games like Pac-Man, Super Mario or Pokemon were only played for entertainment reasons.

The gaming industry has presented an opportunity to gamers to make money through NFTs or cryptocurrencies. In spite of the popularity of blockchain gaming increasing worldwide, their trajectory has been stunned for a number of reasons. One of those reasons being that people tend to look at blockchain technology and NFTs as just random words that are thrown around often when talking about cryptocurrency.

Advantages of the GameFi Industry

The pros of the GameFi industry being, the possibility to make money through incentives, a market place which allows the trading of assets and also giving gamers ownership of their in-game items. Money can be made in lots of other ways, the most common way being trading blockchain tokens. If the GameFi sector can turn games that everyone enjoys playing into thriving economies, this could propel the industry to new heights.

New Platform Xchange Monster (MXCH)

The new and unique platform Xchange Monster (MXCH) is aiming to make its presence felt in the crypto gaming world. The Xchange Monster project is mainly driven by its will to give a unique crypto gaming platform that provides a number of solutions to the GameFi community and publishers.

Xchange Monster aims to be a one-stop crypto platform for both developers and the gaming community. The platform supports the storage of cryptocurrencies but beyond this, Xchange Monster offers other features such as the Monster Exchange which does exactly what its name suggests, it also offers a decentralized payment gateway called Monster Pay.

All services offered by Xchange Monster are completely regulated and standardized by one of the most trustworthy and respected regulators in Switzerland. Hence why in-game assets of the Xchange Monster gaming community are protected. Which also, helps Xchange Monster in lessening the likelihood of fraudulent activities, or cyber hacks that can potentially end in the loss of in-game assets. Gaining the trust of your users is paramount for the progression of your platform.

Join the Wonderful Platform Decentraland (MANA)

Decentraland is an Ethereum based metaverse that was presented to the public in January 2020. This metaverse project is governed by its participants scaled according to their investments in the platform. Users can customize their avatars in endless ways through their purchase of non fungible tokens by using up their MANA and begin their journey of exploring Decentraland.

One of this project’s outstanding characteristics is that the future of Decentraland lies within decisions made by its community. Hence, not only is this metaverse powered by a P2P technology implemented by the DAO creation Aragon, the community can vote on changes and improvements.

The only exception is the Security Advisory Board that must approve the decisions made by the community. Although this may seem like it discredits Decentraland’s decentralization, the board is made up of members voted by the community.

Final Thoughts

The GameFi is still an emerging concept and crypto experts and enthusiasts still have a few  uncertainties and questions. Over time, as more and more game studios venture into the world of blockchain gaming, the mis-conceptions surrounding blockchain can be lifted and mass awareness can be created. Xchange Monster has a competent business model that supports easy generation of profit for consistent cash flow.

Learn More: 

Presale

Website

Discord

Telegram

Twitter

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM

Jackson, USA, 9th August 2022, Chainwire Announce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More. Gala, one of...

XRP Shuffling Continues, 375 Million XRP Moved Around Ripple, Exchanges, and Unknown Wallets 

  Whale Alert continues to keep tabs on these large XRP movements. window.coinzilla_display = window.coinzilla_display || ; ...

Ethereum Proof-of-Work Fork (ETHPOW) Driven By Miners To Abolish EIP-1559

  EIP-1559 will be abolished in the Ethereum proof-of-work (PoW) fork. window.coinzilla_display = window.coinzilla_display || ; ...

CryptoCom CEO: Crypto Industry Will Comeback Very Strongly

Crypto Industry Will Come Back Very Strongly, says the world's top exchange CEO. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.