The New Golden Child of the Cryptoverse – Bitcoin News Press Release
PRESS RELEASE. Following the popularity of DeFi and NFT, GameFi entered the living room as the next big blockchain novelty. According to data from Google Trend, the global search volume for ‘GameFi’ has soared by more than 100% in five months, gaining ground not only within the blockchain community, but also in the world of gaming and finance. in general.
GameFi is a hybrid of blockchain gaming and DeFi, changing the gaming industry with ‘play to win’ models that differ from traditional ‘pay to win’ models.
With traditional games, you pay for an in-game perk, like equipment or powers. Winning games offer players the promise of financial gains by offering them rewards that can be translated into real assets, while providing users with a wide range of engaging activities.
The new generation of cryptocurrency advocates are young and many of them are avid gamers. GameFi appears to be the next logical step in blockchain development. Users grab character cards and land in games in the form of NFTs. With everything stored on public blockchains, no more counterfeiting or limited access to your own gaming assets. Blockchain makes ownership easy to prove and transfer of assets unrestricted. Parts of DeFi are also transferred to GameFi, such as staking. Users can store their tokens and earn annual interest or secret rewards.
Upgrade your character while earning secure blockchain tokens that cannot be taken away by game makers. Sounds like it belongs in a sci-fi novel, but with the development of blockchain technology, not only is it achievable, it’s already a reality.
LBank created the GameFi fund
Aware of the potential of this field, LBank paves the way for GameFi projects by devoting funds to their development.
LBank is one of the leading cryptocurrency exchange that focuses on cryptocurrency startup projects. Following the DeFi and NFT trend, LBank is now extending its business model to the GameFi community. The platform has created a dedicated GameFi fund to support early stage projects and expand their influence in the blockchain space. Many projects listed on LBank have already gained in popularity. Here are some notable winners.
GameFi projects listed on LBank
Star Atlas intends to provide an immersive, multi-genre metaverse gaming experience that combines a cinematic gaming experience with the potential to earn virtual goods that can be traded for real-world currency. It works on the Solana blockchain. Additionally, at launch time ATLAS was trading at $ 0.078, while after launch its biggest gain was 1,282,000%.
Find out more: https://staratlas.com/
CryptoMines is an open-ended sci-fi NFT game that allows players to acquire workers and spaceships in order to travel across the universe in pursuit of $ ETERNAL. It works on the Binance Smart Chain. Moreover, it was trading at $ 40 at the time of launch in LBank and after that it acquired the highest gain of 12,400%.
Find out more: https://cryptomines.app/
The ILV token is the main currency of the Illuvium ecosystem, and it is used to reward players for their achievements in the game. It is used to participate in the governance of the game through the decentralized autonomous organization of Illuvium and entitles players to their share of the Illuvium Vault (DAO). This is another popular token that was listed in LBank on March 20. At the time of launch it was trading around $ 15 and thereafter it has the highest gain of 9900%.
Find out more: https://www.illuvium.io/
Axie Infinity is a blockchain-based trading and fighting game in which participants own and manage part of the business. It is a Pokémon inspired fighting game in which users can breed and train their Axies to fight against other players. Additionally, AXS is the first popular coin that started with the hype in gaming assets. At launch time it was trading at $ 2 and then made the highest gain of 8300%.
Find out more: https://axieinfinity.com/
The future of GameFi
What makes GameFi truly special is the potential for financial freedom. Instead of playing and letting game developers reap your winnings, blockchain entices users by paying them for their time. Tokens and NFTs give financial power back to users, giving them more reasons to continue their presence in the decentralized universe.
From anywhere on the planet, a user can play, earn and cash out their virtual assets in real life. This gives anyone with a computer and internet access the opportunity to make a living online. A freedom that was until now reserved only for a small group of people.
As NFT and Defi become more and more mainstream, so will GameFi. For the growth and development of this early stage hybrid creation a lot of support is needed. It is only with the dedication of users, exchanges and communities that we can develop GameFi into bigger things that could change our lives in the near future for good.
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with secure crypto transactions, specialized financial derivatives and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in over 210 countries around the world.
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LBK Blockchain Co. Limited
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