GameFi is rapidly taking over the gaming industry; it entices players by allowing them to monetize from gaming. In comparison to traditional gaming, where gamers are at the behest of the companies that produce them, blockchain gaming attracts gamers by allowing them to play-to-earn (P2E) and exchange in-game assets for crypto.
The GameFi sector uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment. Where gamers can earn rewards by competing and battling with other players, progress through different stages of the game, and complete missions, these rewards can be converted into assets that are all transferable to the outside world.
In this article, we will look at The Sandbox (SAND), Axie Infinity (AXS), and the new crypto gaming platform Xchange Monster (MXCH).
Govern, Earn, Own, Play, and Create with The Sandbox (SAND)
The Sandbox is a blockchain-based gaming platform, and through the melding of NFTs and decentralized autonomous organizations, the Sandbox has created a flourishing platform that sets new standards for the crypto gaming community.
The Sandbox is a digital world where players build, own, and monetize their experiences using NFTs and the native token SAND. Players can create digital assets in the form of NFTs and then upload them to the marketplace. The Sandbox virtual world comprises digital land and virtual real estate. These NFTs can be buildings, entities, and wearables, which can all be used within The Sandbox.
By maximizing user-generated content, the Sandbox has created a metaverse of dedicated and involved gamers who all contribute to the flourishing development of the platform.
Decentralized governance is becoming increasingly fundamental to the blockchain gaming industry, and by promoting this, the Sandbox users can voice or share their opinions on the project’s developments.
Will the Gaming Industry See New Heights with Xchange Monster (MXCH)?
Once released, the new crypto gaming platform is ready to explode in the GameFi sector. Xchange Monster aims to touch as many people across the globe and educate them about crypto assets. Its vision is to help all gamers to buy, trade, and sell within the gaming industry with confidence and certainty.
The hardworking Xchange Monster team has years of experience in software engineering and technology. Reassuring users that things can only go skyward with a team of this caliber. True to their skill level, the team has created a robust and reputable news source for an international audience that may have concerns about the crypto economy’s development.
Xchange Monster has undergone a thorough vetting and regulatory process by the VQF, under the supervision of Switzerland’s Independent Financial Market Regulator, FINMA.
Axie Infinity (AXS) to Infinity and Beyond
Axie Infinity is one of the best gaming platforms to have entered the crypto world. It is a blockchain-based battling and trading game not completely owned and operated by its players.
Galvanized by two of the greatest games of the 2000s; Pokemon and Tamagotchi. Axie Infinity grants its players the opportunity to purchase, obtain and swap the game’s creatures, also known as Axies. Axies come in various forms and have an overwhelming variation of more than 500 different body parts available. These eclectic options include; reptile, aquatic, beast parts, and many more.
Each Axie is an NFT that can be used to battle different creatures in the Axie world, with each Axie having its unique attributes and strengths. When individual battles or 3v3 battles are won, the team or individual gets points that can be used to upgrade body parts and improve Axie statistics. Axis are given the freedom to breed together to produce new native offspring that can be used or sold on the NFT marketplace.
The Axie Infinity Ecosystem has also got its governance token AXS. These tokens are used to partake in any governance voting and will allow the Axie gamers to have a say in how the funds for the Axie Community Treasury are used.
Blockchain gaming is not something you should miss, with loads of incentives and rewards to make for very few hours of engagement. If you love working from home, then why not play to earn from the comfort of your couch. It is advisable to carefully research any cryptocurrency before buying, as the crypto market is known for its volatility.