Comment
Author: Admin | 2025-04-27
Develop and govern their in-game assets as unique, non-liable NFTs. Players can win those while playing games or buy them through various marketplaces.Also, smart contracts allow for safe and transparent transactions; therefore, players can exchange or sell their assets without mediators. Further, cryptocurrencies serve as in-game currencies, allowing players to earn, spend, or exchange them for other digital currencies or fiat money.Cryptocurrency as In-Game CurrencyThe crypto gaming sector has seen significant growth, with many crypto games developing their in-game currencies. Significantly, the Gaming (GameFi) market cap stays at $14.7 billion, as of February 7, 2025. Here are some of the major crypto-gaming tokens: Immutable (IMX): Immutable zkEVM, powered by Polygon, sets the gold standard for Ethereum scaling, combining Polygon’s cutting-edge zero-knowledge proof technology with Immutable’s focus on gaming and digital asset ownership. Axie Infinity (AXS): Axie Infinity is the first blockchain game from Vietnamese studio Sky Mavis. In the game, Axies are bred and battled with. Also, these players earn in-game tokens, which they can trade or sell as non-fungible tokens.Beam (BEAM): Beam is a privacy-oriented cryptocurrency that uses the Mimblewimble protocol to secure transactions. In addition, Beam is used in the Beam gaming ecosystem as the base token to facilitate engagement and transactions between NEAT wallets, including the transfer of in-game assets and interactions with smart contracts.Gala (GALA): Gala Games is a blockchain gaming platform that empowers players by giving them true ownership of in-game assets through non-fungible tokens. Additionally, it allows players to buy in-game items and enables transactions between participants. Gala Games is trying to decentralize the gaming experience.Ronin (RON): Ronin is an EVM-based blockchain focused on gaming-specific applications. However, with Ronin, Ethereum scalability problems are circumvented through almost-instant transactions at minimal fees and, thereby placing it at an advantage for heavy-demand gaming use cases, making it
Add Comment