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Millennials Make 25,000% Returns on New Crypto and Gaming

Millennials Make 25,000% Returns on New Crypto and Gaming
During the pandemic, the blockchain game Axie Infinity attracted a large number of millennials. The firm’s token currently boasts a market worth of over $2.5 billion
So far, the gaming token, which was introduced in November 2020, has risen over 25,000 percent, implying that a $1,000 investment would have grown to Rs 2.5 lakh in just 9 months. It is a trend that is widely expected to continue, as more gamers prefer the indoor experience, as you can play online pokies or any other game from wherever you are. Jackpot City Casino, for example, is a leading online brand renowned for its wide array of impressive gaming offerings for people from across the globe.
The cryptocurrency AXS is one among the few exceptions, having weathered the storms of May and climbed to a new all-time high, hovering around $42. After China started a major crackdown on the crypto industry in May, the crypto market saw aggressive selling in the larger and more popular coins.
The ecosystem has half a million daily active consumers, according to Vikram Subburaj, CEO and co-founder of Giotto’s Cryptocurrency Exchange , and new customers are coming from developing nations like the Philippines and Indonesia.
“For the gaming group though, AXS represents rather more than only a cryptocurrency, and therefore, it stays worthwhile in that ecosystem. The true problem that AXS will face can be in scaling each day’s lively customers to manifold,” he mentioned.
Axie, based on the Ethereum community, uses blockchain technology to entice participants. Axie Infinity Shard token (AXS) and the opposite in-game token can be earned in a variety of ways. Its universe may be quite similar to Pokemon, which many millennials can connect to.
Everyone wants to buy Axie to begin the game, and the digital pets in the games may be purchased with this digital currency. The possibility for financial gain is what has made the sport so popular, particularly in developing nations.
Siddharth, WazirX ‘s COO, feels that crypto in the gaming space is one of the most significant markets. He praised cryptocurrency for its contributions in this field.
“Players spend countless cash in shopping for belongings, however are usually not capable of resale or carry that belongings to different video games. Crypto video games are a real worthy addition to video games,” he added.
Axis Infinity offers a whitepaper outlining its roadmap and goals. Staking will be introduced soon. This allows token owners to invest their money for a specified length of time and receive interest.
Crypto-related video games, according to experts, will be a big trend in the near future, with players not only exchanging NFTs within the game but also selling them to cult members. Gaming as a career is gaining momentum in the Western world, and children’s gaming expenses have increased.
New use cases for blockchain and cryptocurrencies, according to Subburaj of Giottus, will continue to revolutionize the larger world of gaming. He said that AXS had transformed gaming from a money-losing and time-consuming pastime to a money-making venture.
“When a recreation grows larger, gamers are usually not benefited aside from extra gamers to play with,” mentioned Menon. “It is superb in this area as the sport community grows and gamers develop with them.”
However, not everything is perfect for the Axie Infinity. The highly expensive Ethereum community has significant limits, and it needs reliable technology to help it progress.
Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 
The post Millennials Make 25,000% Returns on New Crypto and Gaming appeared first on BitcoinAfrica.io .

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