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The gaming industry has exploded over the past several decades, becoming one of the largest and most inclusive industries in the world. Today, it includes billions of people in one way or another. And, since it is always on the lookout for new technologies that would be included for the purpose of improving its services and bringing new features, it came as no surprise when the gaming sector became one of the first ones to open its doors to the cryptocurrency industry.
Fast-forward a few years, and today, we have a growing sector of blockchain gaming that includes some of the biggest crypto trends, such as DeFi, NFTs, metaverse, and more. Traditional gaming companies are looking into ways to incorporate the blockchain, while blockchain has finally evolved enough to run games on its network, which can not only provide its existing users with a fun way to spend the time and earn money but can also onboard those who had no interest in blockchain technology, but are great fans of interesting games.
This led to the creation of a project called MOBOX, which aims to empower the users, as well as metaverse, and correct the way gamers are being treated.
What Problems Does MOBOX (MBOX) Solve?
MOBOX has several ideas on how it can improve gaming, as well as gaming on the blockchain, which include:
Empowering the metaverse
The first thing to note is that MOBOX doesn’t only plan to use its own metaverse to offer a revolutionary new gaming experience, but it also wishes to help the entire metaverse sector. This is why it has been investing in technical teams that build and support the metaverse, in general.
To do this, it launched its METAfund, which is an incubation fund created in collaboration with Binance NFT Marketplace. The METAfund is committed to supporting game developers in bringing some of the best and greatest games to the blockchain and MOMOverse. At the time of writing, it has 5 incubated projects, and hopefully, more will follow in months to come.
Letting the users earn, rather than pay
In its documentation, MOBOX explains that the online entertainment industry is extremely competitive, with companies trying to win the users’ information, attention, and money. To achieve this, many of them have adopted gamification techniques in hopes of attracting new users, and keeping the existing ones interested through innovation.
However, despite all the time and money that users spend in order to access and play their favorite games, they are not rewarded enough, and that creates an imbalance. Somehow, the companies always end up getting the upper hand and extracting more money whenever and wherever they can, leaving the user with next to nothing. MOBOX even says that in 2020, players spent just under $87 billion on games, while the rewards they received ended up being $0.
It wishes to change this by offering players games that are free to play, while playing them allows players to earn money for themselves. Furthermore, it believes that no NFT metaverse should be isolated and stand on its own, but rather that they should all be interconnected, giving each unique NFT increased utility through NFT interoperability between the games.
Benefits of MOBOX (MBOX)
With that said, what do you actually get by joining MOBOX and its network? There are several perks, including:
Free to play games
MOBOX guarantees that all games within its ecosystem will be free to play. In fact, its entire philosophy is that players have been paying far too much, in exchange for too little. This is its way to empower users by using the best of DeFi and NFTs, in order to create a truly unique and everlasting free-to-play, play-to-earn ecosystem.
Play-to-earn model is something that arrived to the blockchain gaming industry fairly recently, and it involves using DeFi and NFTs. The project uses this also in order to reward gamers for playing its games, as a form of reward and incentive. By using innovative tokenomics, finance, and games, the project grants users money in its native coin or NFTs that can then be sold on NFT markets in exchange for money.
The platform also offers users to stake their stablecoins or LP tokens in the CRATE contract in exchange for additional incentives and platform bonuses. Each CRATE contract has a unique optimized yield farming strategy through different DeFi protocols. All staked tokens will be converted to USDT amount in order to determine the amount of MBOX airdropped daily.
Finally, the project also allows token holders to participate in the governance process, by allowing users to vote to determine how resources are allocated
How Does MOBOX (MBOX) Work?
MOBOX Protocol combines the best that yield farming DeFi and Gaming NFTs have to offer in order to create a truly unique experience, by making games free to play, while at the same time, they reward users for playing and using their ecosystem. The project runs on Binance Smart Chain, and it aims to achieve the true NFT interoperability, that would connect all gaming projects into one network and make it not only possible but easy to transfer NFTs between different games.
How to Buy MOBOX (MBOX)
Currently, MOBOX (MBOX) is available for purchase on the following exchanges.
Binance –Accepts Australia, Singapore, and most of the world. Canadian & USA residents are prohibited. Use Discount Code: EE59L0QP for 10% cashback on all trading fees.
Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK. USA & Canada residents are prohibited.
WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality. It is the best exchange for residents of India.
MOBOX (MBOX) — A community-driven GameFi platform that empowers the user
MOBOX is a project that aims to change what the gaming industry is, and what it feels like. It believes that modern-day technology can be just as rewarding for players as it is for the companies that produce games. However, since nobody is doing anything to make it more rewarding for the players, MOBOX is taking a stand — not only by rewarding the players but also by making its games completely free to access, with no prior investments necessary.
Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.
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