GameFi is the biggest growing industry in the entertainment world. Using blockchain, gamers have economic incentives within the games.
The gaming industry has exploded over the last decade, becoming one of the major leaders in the entertainment world. With millions viewing major eSports events online, and tens of thousands of fans packing into stadiums to get close up to the gamers in the action, it has quickly become a multi-million dollar industry.
However, It’s not just eSports stars that can earn money by gaming. With GameFi, anyone can do it. Using the new crypto platform Xchange Monster (MXCH), everyday gamers are discovering a more reliable and efficient way to cash in on their online gaming successes.
GameFI - Play Your Way to Financial Freedom
GameFi is the biggest growing industry in the entertainment world. Using blockchain, gamers have economic incentives within the games. These games are known as play-to-earn (P2E). Players can earn rewards like NFTs or cryptocurrency payments for achievements in the P2E games.
Newzoo’s Analytics Platforms estimated that about 2.7 billion gamers spent $159.3 billion on online games in 2020, with that figure expected to pass the $200 billion mark by 2023.
In recent years, it has become the norm for blockchain technology to be used as a payment system because it addresses all the concerns around the traditional fiat money system. However, many of the current providers lack all of the necessary elements to supply a complete, fully functional and secure network that can enable and validate transactions in a safe and efficient way.
Blockchains are, by nature, decentralised and therefore unregulated. While this is great for preventing fraud, there are safety concerns and speed of transaction issues for users which need to be addressed.
Xchange Monster (MXCH) - The All in One Crypto Exchange
This is where Xchange Monster (MXCH) comes in. Conceived by developers with decades of experience in the gaming industry, Xchange Monster (MXCH) aims to be a one-stop platform for the gaming community and the providers/developers of the games.
The Xchange Monster (MXCH) platform supports the storage of NFTs and cryptocurrency as well as ensuring instant payment completion every time. It is an exchange platform and a decentralised payment gateway.
Xchange Monster (MXCH) is passionate about creating a trustworthy and efficient decentralised gaming payment platform. All of the products and services offered are fully monitored and regulated by one of the most trusted regulators in Switzerland.
The Monster Wallet (APP) is up and running. Using Monster Pay, the payment gateway, it is a great way for gamers to access and manage their in-game assets (NFTs and cryptocurrencies.) It is safe and secure, assets can be exchanged easily in it and they can also be swapped for cash instantly. To make it even sweeter, the transaction fees on Monster Wallet are lower than the industry average.
It is the ambition of Xchange Monster (MXCH) to soon be the number one platform for payments and exchanges of all GameFi transactions.
Decentraland (MANA) - The March of the Metaverse
Decentraland (MANA) is a virtual reality platform that uses the Ethereum (ETH) blockchain that enables players to create, explore and monetize content and applications.
Decentraland (MANA) is a major leader of the GameFi world, with hundreds of thousands of users buying and selling plots of land in the Metaverse for tens of thousands of dollars every day. It is precisely these users that Xchange Monster (MXCH) will be hoping to convert to Monster Pay, their payment gateway.
Even after the recent retreat in the crypto market, and a slight decline in users on the major GameFi network, the numbers are picking up again. The GameFi industry is booming, and whoever can become the most trusted all-encompassing payment platform for all of those lucrative crypto transactions will be a money-making machine in the not too distant future. Xchange Monster (MXCH)looks in pole position to stake a claim for that coveted spot.
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Last Updated Jun 30, 2022, 5:24 PM IST