Gaming is one of the most profitable sectors of the entertainment business, with $60.4 billion in revenue generated in the United States in 2021. A growing portion of this money is generated through blockchain-based play-to-earn games online, otherwise known as GameFi.
As these games become more and more popular, let's look at how The Sandbox (SAND) and Xchange Monster (MXCH) deal with the ever-increasing revenue and transaction demands as they try to attract gamers to their platforms.
The Sandbox (SAND) first burst onto the scene in 2011 as a mobile game and quickly became very popular. In 2018, developers Pixowl brought the game into the world of crypto gaming, meaning users could now earn cryptocurrency on the game, making it a fully-fledged play-to-earn (P2E) metaverse.
Since then, The Sandbox (SAND) has established itself as one of the top P2E metaverses in existence, with over 300,000 monthly active users (MAU). It is valued at $4 billion by Bloomberg.
The payment of P2E rewards in crypto is a whole new web3 sector that is a combination of gaming and decentralised finance. This sector is known as GameFi – and it's growing rapidly.
The Sandbox (SAND) original transition to GameFi was built on the Ethereum (ETH) blockchain, but it now also offers cross-chain interoperability with Polygon (MATIC).
The migration to Polygon's Layer 2 was driven by an effort to go greener and to improve the experience of users in the metaverse by generating quicker and cheaper transaction fees.
The GameFi industry continues to grow at an astounding rate. With more and more people using mainly the Ethereum (ETH) platform to perform their transactions, there is often a level of computational demand that the blockchain can't handle. This leads to a lack of efficiency, resulting in congestion in the communication between the nodes, causing slower and less reliable transactions.
This is where Xchange Monster (MXCH) comes in. The new cryptocurrency platform is developed specifically to address all the problems that are currently being experienced in the GameFi world. The fantastic new project is developed by a team of highly experienced, fully doxxed experts who are driven to provide a unique crypto gaming platform, offering solutions to providers and indeed the gaming community.
As well as being an exchange platform that operates as a decentralised payment gateway, it also provides users with the easy-to-use Monster Wallet, which is already fully integrated into the exchange.
The monster app can be downloaded from the play store now. The native token of Xchange Monster, MXCH, is currently at the presale stage and can be purchased by following the links below.
Whether you want to invest in a well-established cryptocurrency like The Sandbox (SAND), or if you decide to get in on the ground floor with an exciting new project like Xchange Monster (MXCH), one thing is for sure; both of these platforms are right at the heart of a booming crypto gaming market that shows no signs of quieting down.
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
Website: https://www.sandbox.game/en/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.