.png){kind=logo}
GameFi is now causing a stir in the crypto industry. Blockchain gaming is about to overhaul the video game industry, a market that has an estimated value of $300 billion according to EarthWeb. The blockchain gaming industry will be thrilled with this soon-to-be-released project Metamortals (MORT), which allows its players to customize their gameplay experience.
The two components of GameFi are gaming and decentralized finance (DeFi). Its key component is the play-to-earn system based on blockchain technology. A virtual gaming world is brought to life by the GameFi ecosystem employing key components like non-fungible tokens, cryptocurrencies, and blockchain technology.
However, those days when people imagined a dull game and gameplay when they thought about blockchain gaming platforms are long gone. Metamortals (MORT) allows its users to adopt the appearance of virtual characters while engaging in thrilling adventure gameplay and exploring the magical realm. Metamortals is a new rise in the GameFi project with a different approach that is worth exploring.
Axie Infinity (AXE) is an Ethereum-based cryptocurrency. It is a Pokemon-inspired game where players can gather, breed, and nurture Axies, which are NFTs that can be purchased or traded at open markets. Similar to Metamortals, Axie Infinity uses a dual-token system. The native token, Axie Infinity Shards, serves as a governance token for users, enabling the community to decide the project's future.
This token is used for staking and payments. A different utility token called Smooth Love Potion (SLP) is used for in-game rewards and payment to breed Axies. Breeding, nurturing, and trading Axies on the AXE blockchain can take time and effort. You need at least three Axies on your team to begin your adventure through the Axie world. The three Axies can be generated for a minimum price of around $800.
The Sandbox (SAND) is a unique GameFi crypto token project where players can design virtual worlds and commercialize their gaming experiences. It offers a variety of worlds to choose from in the game where you can purchase "plots of land," known as virtual real estate.
Players can utilize a utility token called 'SAND' to make purchases and transfer virtual lands. The Sandbox is a metaverse where players can collaboratively create, manage, and commercialize their experiences. It offers creators actual digital ownership over their creations as NFTs. In addition, SAND gives users the chance to receive rewards for their role in the game and for improving the ecosystem.
Metamortals (MORT) is a blockchain DeFi game that chose not to follow the same path as other games by not developing an NFT gaming platform. It is creating a realm where players can enjoy play-to-earn (P2E) games without having to contend with the high minimum requirements that are typical of the gaming industry.
Players will be immersed in a world of fantasy and excitement. The Metamortals token known as MORT will back up the P2E game. This token will be a reward for the game players. Although, there will be two tokens in the ecosystem, MORT (game token) and MORT DAO (governance token). The MORT game players will have fun and make money because of the liquidity farming pools and staking incentives.
It seeks to lower barriers of entry into the profitable world of P2E through offering free in-game beginning goods to enhance user engagement and revenue while they play. Saving, earning, and entertainment are all rolled into one with MORT.
Metamortals is developing a virtual social world where people can connect from all around the world. It will utilize technologies like social media, augmented reality, virtual reality, and mixed reality.
Metamortals is establishing a niche that will simplify decentralized finance by integrating player mode, player versus player mode, virtual social world, and digital economy with play-to-earn.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
