Will Xchange Monster (MXCH) and STEPN (GMT) Propel Gamefi To New Heights?
The promise of decentralised ownership and attractive incentives are the main factors drawing gamers to crypto-gaming. Gamefi’s success has been a push for blockchain’s acceptance and legitimacy, propelling adoption. This article will assess how Xchange Monster (MXCH) and STEPN (GMT) will impact the industry.
A new way to play games with Xchange Monster (MXCH)
The Xchange Monster (MXCH) platform is helping the gaming community to embrace crypto, strengthening game developers, and also empowering players while making the blockchain gaming user experience effortless. Xchange Monster will enable seamless transfer and trading of in-game assets securely to reassure gamers of the authenticity of transactions.
Xchange Monster wants to revolutionise and encourage further development of blockchain gaming with a direct focus on improving the gaming experience. The aim is to narrow the gap between it and the gameplay of traditional games without letting go of the desired traits of decentralised blockchain gaming.
The ecosystem is backed by the native token, the MXCH Monster Coin. Xchange Monster has a range of utilities in place to support robust demand for MXCH while enhancing the development of the network. Over time the team also plans to reduce the quantity of MXCH in circulation.
In the Gamefi industry, it is tricky to regulate crypto-gaming platforms because blockchain technology is their underlying mechanism and operates on a decentralised system. It causes concern for users, giving the gaming community the impression that the adoption of blockchain technology is risky.
Being a well-secured, trusted platform allows Xchange Monster (MXCH) to tap into the potential of crypto-gaming and promote its growth and development. The platform is fully regulated and governed by the VQF, under the supervision of The Swiss Financial Conduct Authority (FINMA).
Xchange Monster will aim to reach as many people as possible, educating them about cryptocurrencies. The Xchange Monster vision is to assist people in investing with confidence and assurance. The team is working to create the most reputable source for a worldwide network of people concerned with the development of crypto-gaming.
The merge between gaming and the web 3.0 revolution has the potential to empower the Gamefi community and educate and inspire players to monetise gaming while retaining ownership over their assets in the game.
The Perfect Way To Track Progress, STEPN (GMT)
STEPN (GMT) is a Web 3.0 lifestyle app with built-in Gamefi and SocialFi elements. The game is the first blockchain-gaming platform to use the moved-to-earn concept. Users buy NFTs in the form of Sneakers by using GMT tokens, the main governance token. By walking, jogging, and running, users can gain the GST game token, the in-game sub token with an unlimited supply.
The STEPN platform measures a host of physical activities. It is mainly focused on walking, jogging, and running. The monetisation comes into play with NFT sneakers, which record the users’ activity.
With GameFi, STEPN (GMT) is aiming for millions of users to have a healthier lifestyle, tackle climate change and connect the public to Web 3.0, all while offering an incentive and allowing users to earn for an altruistic cause.
How will they affect Gamefi?
Though blockchain games are still in the early stages of development, they are positioned to compete with traditional games, disrupting the gaming sector. The economic incentives these projects carry will push the adoption of cryptocurrencies. Both of these projects offer a fresh dynamic to an already innovative industry and would be worth looking into for future holdings.