The unique selling point of the GameFi sector is the opportunity one has to gain rewards while playing games. Just a couple of years ago, players would spend hours a day playing and buying in-game assets, with no hope of making any money from playing.
With the arrival of crypto gaming, players can monetize their skill, time and efforts spent playing games. For example, in blockchain-based games, gamers can obtain rewards like weapons, avatars, cryptocurrencies and coins as well as getting full ownership of these assets. The GameFi Sector is valued at an estimation of 138 billion USD.
GALA is the native token used in the Gala Games Ecosystem. Their main objective is to combine blockchain technology with decentralised gaming, allowing gamers to gain control of their games without the need to rely on centralised authorities. Gala aims to reintroduce creative thinking in games by giving gamers full control over their in-game assets.
The gamers of the Gala Games ecosystem will be able to own their NFTs and voice their opinions on the governance of games within the ecosystem. Gala Games has released a game called Town Star and a collectable NFT called VOX. Each VOX is unique and some are even considered to be rare in comparison to others.
Gala Games is not just a game but it hosts a wide range of blockchain games that players can benefit from, thus placing fun first. Since its launch in 2019, Gala Games has been gaining more monthly users with its current number of users currently at 1.3 million.
The Sandbox is a digital world where players can create, earn, govern, own, and make a profit from their experiences by using NFTs and SAND tokens. Players can create digital assets in the form of NFTs, and then upload them to the marketplace.
Users can organise different elements and objects, including the NFTs created with VoxEdit, in an environment called LAND. Users can also share creations with other members of The Sandbox community. VoxEdit is a simplistic software for gamers and creatives to create, and animate voxel-based NFTs, these goods can be exported and traded on the marketplace as NFTs.
With blockchain gaming becoming increasingly popular among the crypto community, Xchange Monster is entering the gaming sector and already gaining a lot of visibility through its impressive presale phase.
With the Monster App, you can purchase crypto more conveniently, faster and safer, making it easy to trade anywhere and at any time. Another interesting feature Xchange Monster has is Monster Exchange, this enables operators to list their gaming coins on the exchange and it will automatically be available in the Monster Wallet. Given the fact that all users will be registered on the exchange, this will deepen liquidity and at the same time enhance numerous lending and savings options.
Monster Pay is a decentralised payment structure which will permit operators to accept in-game currencies, as well as other coins that are listed on the Xchange Monster platform. Moreover, Monster Pay will serve as a FIAT payment process that will easily allow crypto exchanges through a regulated exchange.
Crypto gaming isn’t something you’d want to let slip by you, with the ability to play-to-earn enticing many gamers there are many blockchain games available to choose from for players to start monetizing straightaway. With Xchange Monster (MXCH) showing promise, buyers should consider looking into it as it could bring potential profit.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Bitcoin mining company Bitfarms announced on June 10 that its board of directors has approved a Shareholder Rights Plan to fend off a hostile takeover by its competitor Riot Platforms.
WeiliangSources indicate that Biden's campaign team is in discussions to accept cryptocurrency donations through Coinbase Commerce.
AlexRipple announced yesterday (12th) the upcoming launch of the XRPL EVM Sidechain, using Axelar as the sole bridge for the sidechain. Additionally, they introduced a new stablecoin, RLUSD.
MiyukiKMT legislator Wang Hongwei raised concerns during a Legislative Yuan session about the Ministry of Justice's cooperation with Binance, the world's largest cryptocurrency exchange. She accused Binance of being notorious for money laundering and international crime, calling for an end to the partnership. In response, Binance emphasized that it has never been penalized for fraud and actively collaborates with global law enforcement agencies.
WeiliangTerraform Labs has agreed to a $4.47 billion settlement with the SEC. However, the funds will go to the SEC, not the affected individuals, sparking public outcry from the crypto community and industry leaders.
KikyoTapSwap, a popular crypto mining game on Telegram, faces credibility concerns due to abrupt changes like removing Solana branding and introducing questionable tasks redirecting to unrelated Telegram channels. These issues, combined with technical glitches and unclear blockchain plans, have sparked skepticism about TapSwap's legitimacy among users and analysts alike.
AnaisThe UK’s NHS Chief is urging lawmakers to act against rising crypto trading addiction among young people, responding to an increase in those seeking help for addiction to the volatile digital currency market.
CatherinePresident Biden's campaign is exploring crypto donations via Coinbase Commerce, aiming to engage tech-savvy voters amid criticisms of inconsistency in his crypto stance. This move contrasts with past regulatory actions and signals a strategic shift ahead of a competitive election.
JoyMicroStrategy, a major Bitcoin holder among publicly traded companies in the U.S., announced yesterday (13th) its plan to issue $500 million worth of convertible senior notes to qualified institutional investors and use the proceeds to buy more Bitcoin. However, the stock price fell instead of rising.
AlexMarket sources reveal that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), expects the S-1 registration statement for the Ethereum spot ETF to be approved sometime this summer.
Miyuki