Can Immutable X (IMX) and Xchange Monster (MXCH) Impact the Crypto Gaming Market?

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Crypto Daily™
8w ago2022-06-22

Crypto-gaming is where online games use cryptocurrency as the in-game currency. Players can utilise the game's cryptocurrency to purchase characters and weapons. The games also use a new model called play-to-earn, where players can earn crypto while completing tasks.

Crypto-gaming was responsible for more than half of the blockchain usage in 2021, and in-game collectibles generated over $2.32bn in sales during the autumn. Since progress has been up and down due to market conditions, but with the industry still in its infancy stage, gaming projects could have serious potential.

The Gamefi niche combines two compelling industries, cryptocurrencies and the world of video games. This review will cover the best crypto-gaming projects, explain where to find them and why they could prove to be good investments.

Immutable X (IMX) to Pave the Way For a New Gaming Sector

Immutable X (IMX) acts as both a layer 2 scaling solution for Ethereum (ETH) and an NFT/gaming marketplace for its users. It is an open-source protocol created to facilitate a gas-free NFT ecosystem that enables users to develop their own decentralised applications, such as marketplaces and games. IMX can make up to 9000 transactions per second while leveraging Ethereum’s security.

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