Axie Infinity and Cryptoons are Excellent NFT Tokens Worthy of Purchase Right Now – newsbtc.com
The crypto market is one of the most exciting financial markets out there today. With so many coins offering something different, the crypto market is ushering the world into a different reality. The concept of digital currency shocked the world. With over ten years of existence, the world has slowly come to terms with the idea of digital currency. By building on blockchain technology, cryptocurrency offers more than just the chance to drastically improve your bank account.
A unique sector of the crypto market that offers great value in terms of financial regard and utility is the NFT sector. Also known as non-fungible tokens, NFT broke into the mainstream media two years ago. With only a couple of years under its belt, the NFT sector is now worth billions of dollars, and it does not show any sign of depreciating soon. As NFTs become more popular and profitable, a lot of crypto projects leverage their benefits to increase adoption and offer beneficial utility. Many of the popular crypto assets in the market today have an NFT-related utility. Studying the current trend, two NFT-related crypto assets worthy of a second glance are Axie Infinity (AXS) and Cryptoons (CTOON).
Like many other crypto projects, Axie Infinity (AXS) is built off the Ethereum (ETH) blockchain. As a blockchain-based virtual gaming platform, Axie Infinity (AXS) I built on Ronin, an Ethereum-linked side chain. On the gaming platform, users are allowed to breed, collect, and battle NFT characters with other members of the ecosystem. The different characters on the platform are known as “Axies.” These Axies are special and fierce digital creatures on the gaming platform. Interested users can easily build up their collection of Axies with the help of a strong team. Once a formidable team is created, battles are orchestrated with other players on the platform.
The Axie Infinity (AXS) network makes use of the play-to-earn model. This means that gamers can kill two birds with one stone. While they are having the time of their lives in the virtual world, they are also making real-life cash and boosting their bank accounts. The Axie Infinity (AXS) platform allows users to leverage their Axie NFTs for financial rewards by taking part in the games. The players can also build up their collections to sell at the marketplace for the right price. The uniqueness of the NFT often determines the value of each NFT. Since its inception, Axie Infinity has recorded almost four billion dollars in transactions. The platform also boasts about three million active users on a daily basis. The platform had an ERC-20 token that takes part in the governance of the gaming universe. The token also takes part in staking, gameplay, transactions, and rewards.
The new crypto asset is an NFT project that intends to give back to its users in multiple ways. The coin is building its NFT factory by providing a safe haven for creators and artists to sell their artworks without fear of being cheated. Cryptoons (CTOON) intends to explore the growing world of manga and comics by providing a blockchain sector option for them. The presence of the coin means that the manga industry and its ilk can fully expand into the blockchain technology industry. The coin intends to take its NFT trade seriously for the benefit of creators. Its NFT factory is designed to support the large-scale production of NFTs. Through the factory, users can produce NFTs from multimedia content and sell them to interested buyers at the best price possible.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Crypto Prices from Nomics
© 2022 NewsBTC. All Rights Reserved.
© 2022 NewsBTC. All Rights Reserved.
Leave a Comment
You must be logged in to post a comment.