The way the world once operated is not how things are operating now, with technology evolving in ways we never would’ve imagined. Since 2008 when Bitcoin made a name for itself and shed light on the cryptocurrency market, it is now estimated that corporations and institutions will spend approximately 20 billion dollars on blockchain services by 2024.
During the Covid-19 pandemic, the crypto community experienced a bull run. One community that benefited a lot from the pandemic was the GameFi Sector, as people were forced to stay indoors gamers were making money whilst doing what they loved.
In 2020 we saw the emergence of Axie Infinity which was deemed to be revolutionary for gamers as the incentives were enticing. Blockchain gaming allowed players to monetize while also receiving lucrative rewards for their participation. One gaming crypto that is on the rise is Xchange Monster (MXCH), let's take a look at them and Ripple XRP to see what they have to offer.
Xchange Monster (MXCH) is a trusted and well-protectedcrypto platform that is pertinent for the growth and evolution of the blockchain gaming market. As a progressive organisation, Xchange Monster is meticulously designed with a strong sense of understanding of the importance of regulation in blockchain technology.
Xchange Monster (MXCH) is a practical crypto platform that brings together both the crypto gaming community and gaming publishers through the creation of a value-driven ecosystem. Xchange Monster will make it a priority to strengthen the liaison between gamers and operators for a renovated gaming experience.
The Xchange Monster native token, MXCH, will be available for sale on the main exchange platform. Xchange Monsters users can store these tokens and cryptocurrencies in their Monster Wallet which will be accessible in the Monster App.
Ripple is a decentralised network that expedites Peer-to-Peer (P2P) transactions in an extremely efficient and rapid manner. The XRP ledger can execute transactions of around 15k per second, it is scalable to a global level as its transaction fees are less than a penny.
XRP is the native token of Ripple, with its main function being a medium of exchange. The token will be used as a pool of liquidity, allowing users to transact from one currency to another without the need for a central authority.
For example, if a business or a bank needs to send money to a financial institution in another country, the bank would have to make a wire transfer and convert their money to another currency to pay the recipient in their respective currency. This probably sounds normal as things have been this way for years but this process takes many days to complete and it is quite costly due to the amount of movement needed to make the transaction happen.
The play-to-earn structure within the GameFi sector is attracting a lot of gamers, as it provides them with a means of making money and gaining rewards. The future is looking bright for the blockchain gaming industry, with experts estimating it to grow to $50 billion by 2025.
Xchange Monster (MXCH) are building up a name for themselves in the gaming industry and also have notable features that not a lot of gaming cryptos have; it will be interesting to see the growth of Xchange Monster over the upcoming months as they plan to launch in the fourth quarter of the year.
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