The unicorn Xchange changing the world of gaming
Play-to-earn games have been around within the world of Web2 for some time, however, this has been in the format of in-game currency that was locked to the specific title, and sometimes even edition. Gamers have been calling out for greater autonomy and interoperability for some time now, first, it was cross-platform gaming, and now it is for the creation of a new holistic ecosystem that goes further than it ever has before. The foundations are now being laid for the transformation and paradigm-shifting technological revolution that will allow gamers to have all the choices in the world.
Fuelling that revolution is exactly what Xchange Monster (MXCH) is looking to do and has made good inroads in the journey to be the marketplace that powers the world of gamers' in-game content, NFTs, and digital currency. Through their native token MXCH, they will converge gamers with the world of crypto, bridging the gap to enable a play-to-earn system that will enable users to exchange their rewards for physical cash through MONSTER Pay.
MONSTER Pay will also act as their payment gateway for credit, debit, and Paypal deposits onto the exchange, through their recently developed API, allowing easy integration.. You will be able to exchange, swap, and hold all your favourite cryptocurrencies that are self-secured through their decentralised non-custodial model. The exchange is also fully verified and regulated out of Switzerland by VGF and FINMA (Swiss Financial Market Supervisory Authority) and has been fully doxxed, enabling users to see the identity of the individuals at the C-suite level.
Lastly, Xchange Monster are also integrating an NFT Marketplace, called the MONSTER NFT marketplace into their product offerings, where you can discover, collect, and trade NFTs seamlessly. The marketplace will be linked to your Xchange Monster wallet where users can spend their virtual in-game currency on content throughout the marketplace.
The project is one of the most exciting unicorn exchanges of 2022 and is the first of its type within Europe. With a strong team spearheading the project and a product suite that looks to integrate the world of gaming into Web3, Xchange Monster is understandably gathering hype and we would suggest you look further into the platform.
One of the few competing projects to Xchange Monster is GameStop's NFT marketplace that is developed by Loopring. Currently, in an invite-only Beta stage, the NFT marketplace will allow users to buy and sell digital assets, in-game content, and other NFTs across the platform. GME launched its digital wallet in conjunction with the release of its marketplace to allow the user to store their content in a consolidated place.
While there are still questions about the future products and services that will be integrated into the marketplace, there is no question that GameStop sees the future of gaming to be through a play-to-earn model and interoperability spanning multiple borders.
The marketplace is being powered by the layer-2 solution Loopring which builds onto the Ethereum Network. Like many scaling solutions, Loopring solves the problem that the native Ethereum marketplace has had with high gas fees, offering users a fee of merely $1 to trade and mint on.
Although GameStop is a giant within the space, the roadmap laid out by Xchange Monster suggests that they are further on in their development and offer a service that provides greater autonomy to users. Nevertheless, both projects are extremely exciting and offer gamers a chance to enter the world of Web3 as the transformation journey continues.
Lastly, when talking about the world of NFTs you cannot ignore Ethereum (ETH). The Ethereum blockchain holds the vast majority of NFTs, although other blockchains are now implementing their own versions of NFTs. The world of NFTs and Web3 will be powered through the Ethereum Blockchain, and the utility and use of the network are, to many, vastly undervalued for the functionality it provides.
Market fluctuations will always happen, that is just how the market works, but the cream will always rise to the top.
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
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