Crypto-gaming is where online games use cryptocurrency as the in-game currency. Players can utilise the game's cryptocurrency to purchase characters and weapons. The games also use a new model called play-to-earn, where players can earn crypto while completing tasks.
Crypto-gaming was responsible for more than half of the blockchain usage in 2021, and in-game collectibles generated over $2.32bn in sales during the autumn. Since progress has been up and down due to market conditions, but with the industry still in its infancy stage, gaming projects could have serious potential.
The Gamefi niche combines two compelling industries, cryptocurrencies and the world of video games. This review will cover the best crypto-gaming projects, explain where to find them and why they could prove to be good investments.
Immutable X (IMX) to Pave the Way For a New Gaming Sector
Immutable X (IMX) acts as both a layer 2 scaling solution for Ethereum (ETH) and an NFT/gaming marketplace for its users. It is an open-source protocol created to facilitate a gas-free NFT ecosystem that enables users to develop their own decentralised applications, such as marketplaces and games. IMX can make up to 9000 transactions per second while leveraging Ethereum’s security.
The Immutable X Marketplace caters to content creators and small developers who cannot build their games. The marketplace also enables users to check previous trade history and transactions. This will help to increase the adoption of the crypto-gaming ecosystem.
It is fair to assume that anybody with experience in the blockchain gaming ecosystem will have had frustrations with endless gas fees incurred from signing annoying transactions in the game. This has been an issue for some time and as it stands there is a lack of projects addressing the issue. Immutable X (IMX) offers something new with their play-to-earn ecosystem and as a gamer, the zero gas fee protocol is an attraction too tempting to resist.
Xchange Monster (MXCH), the Best Team in the Business?
Xchange Monster is a brand new gaming and exchange platform with a mission to bring the world of crypto and gaming together, and ensure that users have a simple experience earning returns and doing something they enjoy.
The founder of the project is Felix Honigwachs, a seasoned executive of blue-chip technologies. Felix is aiming to make Xchange Monster the bridge between crypto and the gaming industry. The platform will have an ecosystem that comprises a crypto wallet, an exchange and a payment gateway for users. To take the industry to the next level, a great team is required and Xchange Monster has an array of talent leading the project towards success.
Notably, the team is fully DOXXED ensuring the verification and credibility of each individual. Assisting Honigwachs in the development of Xchange Monster is as follows:
- Adrian Linde, CTO: A software engineer with over 23 years of experience in global payments technology.
- Jaclyn Strul, CFO: Managing the global finance team with over 10 years of experience.
- Linzi McHardy-Sanders, Compliance: 10 years of experience in risk and compliance management.
The Xchange Monster (MXCH) team has more than 40 members of staff working on the development of the ecosystem. They have extensive experience in blockchain technology with a variety of skills that will aid Xchange Monster in becoming the go-to platform for the crypto-gaming community. The team is primarily based in Europe but has an ever-expanding global network.
Another factor that supports the growth is that Xchange Monster has a working product ready to use for participants. They have an application that is available while still under development. This is a refreshing feat as the cryptocurrency market is often congested with projects driven by speculation. In comparison, the only other platform within the market that can demonstrate a high level of scalability and transaction time on an active, working blockchain is Solana (SOL).
Closing Thoughts on Xchange Monster
With excellent features such as a payment gateway and a low-cost decentralised exchange, MXCH is making serious strides in becoming the all-in-one platform for gamers and publishers to combine and make the Gamefi industry more lucrative.
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Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice