Place/Date: - May 3rd, 2022 at 1:10 pm UTC · 3 min read
Source: Pac-Man Frog
With so many different types of cryptocurrencies entering the market, investors are always looking for a good investment opportunity. Gaming Finance, or the GameFi sector, has been growing significantly well over the past couple of months and this sector captures a considerable amount of interest from potential investors.
GameFi combines two very popular industries: cryptocurrencies and video games. Many are online games that use cryptocurrencies as their in-game currency. Players can purchase characters and weapons via NFTs. In this model, players can earn tokens when they complete a task. As this is an early industry, it has great growth potential.
GameFi is a new way to fund and monetise your favourite games. It uses blockchain technology to allow gamers to play games and earn tokens. Users can use these tokens to buy in-game items, redeem rewards, and donate to their favourite game developers.
Decentraland (MANA) and The Sandbox (SAND) were two of the earliest adoptions in the space. Now, a brand new project, Pac-Man Frog (PAC) has recently launched via its presale and has plans to take over the crypto gaming world.
PAC acts as a governance token for Pac-Man Frog. It gives users access to various benefits, including the ability to generate passive revenue via staking and farming. The total number of tokens is limited to 1 billion with the potential for some of the tokens to be burnt further down the line.
The DeFi space is dominated by a small number of large players, and game tokens face many challenges. Recognising this gap, Pac-Man Frog will have an NFT marketplace and an aggregator which will see future NFTs launched through the network.
The Sandbox (SAND) is a cryptocurrency with over $ 3.3 billion in market capitalisation. SAND is based on the Ethereum (ETH) blockchain. It can also be bought and sold on cryptocurrency exchanges. With over 2 million active users each month, The Sandbox (SAND) is one of the most popular gaming platforms. SAND can be used to buy in-game items and trade with other players.
Built on the Ethereum (ETH) blockchain, Decentraland (MANA) is a virtual reality platform. Like any other virtual world, it provides a plot of LAND that players are free to buy and use. What makes it special is the freedom it offers to players. Your plot of land can be used for games, artwork, events, digital travel and just about anything you can think of.
Pac-Man Frog (PAC) possess all the attributes to be the next king of the GameFi sector. It is also equipped with many subsidiary features like a platform available for educating the masses about cryptocurrency. We can see from other successful presale tokens that incredible amounts of money can be made if invested at the right time.