What’s The Deal With GameFi? Axie Infinity (AXS) and Pac-Man Frog (PAC) Will Do The Explaining!
There has been a growing trend of video game developers launching their projects as NFTs to secure big investments. The video game industry and fintech industry are conjoining the respective technological facilities to build a space for creators to gain financial stability.
The Marriage of the Gaming Industry With the FinTech Market
In terms of unique active wallets, blockchain games (GameFi) are expected to overtake decentralised finance (DeFi) as the leading contributor to decentralised application (DApp) activity. Hence, GameFi is not just enabling cryptocurrencies but also posing a healthy competition to the DeFi options. When players from emerging economies were looking for new sources of money during the COVID-19 pandemic, the play-to-earn blockchain games gained traction.
Although bad news coverage has caused some opposition from the traditional gaming sector and the mainstream media, a better knowledge of blockchain technology may alleviate those concerns. According to the researchers, growing public knowledge of comparatively energy-efficient proof-of-stake (PoS) technology and the possibility of secure ownership of in-game assets could eventually make GameFi widespread.
An interaction between blockchain games, NFTs and cryptocurrencies is creating a future that the world is eagerly anticipating. The features of interoperability and decentralisation are creating a democratic technological world that promises an unprecedented future for creatives and finance enthusiasts alike.
Axie Infinity (AXS)
Axie Infinity, a popular play-to-earn (P2E) crypto game, reached new heights in 2021, with massive increases in transaction volumes and revenue, as well as millions of new community members. Axie Infinity is a crypto-focused game universe and platform where users may purchase or gather ‘Axies’ as pets, which they can then utilise to fight, breed, and raise for coin prizes. This has been, by far, one of the most interesting ways in which any cryptocurrency has interpolated the gaming element.
The crypto game is also attracting new players. Axie Infinity: Origin, a free-to-play version of the game, was released last month to appeal to more people who might want to try it out first. The platform is making attempts to add social interaction features to its native game so the users can socialise, compete and build a like-minded community.
Moreover, Axie Infinity (AXS) is currently reflecting a dip in its value which could be the perfect opportunity to ‘buy the dip’.
Pac-Man Frog (PAC)
According to their whitepaper, Pac-Man Frog (PAC) will act as an accelerator for other gaming and NFT firms, as well as develop separate GameFi projects. The developers aim to tackle the issues of big tech companies encroaching on the financial gains that rightfully belong to the virtual game developers.
The platform will offer services to game project developers who want to use Pacman Frog’s services and debut on their platform. In the future, a Pac-Man Frog academy will be established to educate people about this new coin and its features. Pac-Man Frog (PAC) will form collaborations with crypto gaming firms to give developers additional services and knowledge. Users of the Pac-Man Frog ecosystem will be able to trade game NFT items easily and rapidly at competitive prices.
Pac-Man Frog (PAC) is currently in its presale phase which means the tokens are available at a discounted price. By investing in PAC coins, you can secure future profits and also inadvertently support the gaming industry.
Learn more about Pac-Man Frog (PAC) here:
Join Presale: https://presale.pacmanfrog.io/register