Crypto Gaming Project Skyrockets Nearly 300% in a Month As Team Announces Series of Updates
An up-and-coming crypto gaming venture has pulled off an unimaginable 300% rally previously 30 days as digital asset markets proceed to point out power following the crack of 2023.
WEMIX (WEMIX) is a platform that helps blockchain-based video games for over 378,000 avid gamers, based on its web site.
WEMIX’s ecosystem consists of at the least 20 video games at time of writing, every of which has its personal tokens on the WEMIX blockchain. WEMIX tokens currently have a collective market cap of $164.19 million.
WEMIX makes use of a hybrid blockchain construction to aim to take care of sluggish transactions and extreme charges typically related to different crypto video games.
Final month, the venture launched a brand new fan token system to permit its creators to monetize and join with their supporters.
“Fan Token is an interactive donating system during which each creators and followers can develop collectively to profit from the rising token worth by buying the Fan Tokens issued by the creator.
It makes use of [the] revolutionary idea ‘high-water mark minting mechanism’ to solely permit tokens to be minted when its value goes up.
1,000 tokens are minted per each 24 hour time weighted common value (TWAP) improve of $0.01.”
WEMIX is created by blockchain improvement agency WEMADE, which not too long ago announced a partnership with metaverse engine developer Metagravity.
In line with the announcement,
“The alliance will assist carry to life WEMADE CEO Jang Hyun-guk’s imaginative and prescient of constructing an expertise folks can get pleasure from by taking part in a well-made recreation and an unlimited platform that might join all the things.”
At time of writing, WEMIX is up 328% within the final 30 days, at present buying and selling at $1.50 with a market cap of $377 million.
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