The meteoric rise ofAxie Infinity ushered in a new era of gaming to make money, inspired countless GameFi projects and attract significant funds in this field. This strong growth has increased the value of some GameFi projects and brought massive returns to early investors. However, GameFi projects still have great potential, making them a preferred option for merchants.
It is in this perspective Bitpanda Pro announced the listing of new trading pairs on its platform focusing on GameFi tokens. The exchange has also added new trading pairs from other crypto sectors, including DeFi, smart contracts and tools, providing more profit opportunities for investors.
Read about the same topic: GameFi, the most promising sector of Web 3.0?
Bitpanda Pro adds eight new trading pairs
The list of supported cryptocurrencies on Bitpanda Pro has been expanded. Now the platform offers eight additional assets that users can deploy to expand their trading portfolio. The newly listed trading pairs cover different assets associated with different aspects of crypto.
These include in particular:
- That DeFi protocols : such as Zcash (ZEC) to exchange ZEC / EUR and Curve DAO Token (CRV) to exchange CRV / EUR.
- Tools : Aragon (ANT) to exchange ANT / EUR, The Graph (GRT) to exchange GRT / EUR,
- Smart contracts : Neo (NEO) to trade NEO / EUR
- GameFi : Axie Infinity Shard (AXS) to trade AXS / EUR, The Sandbox (SAND) to trade SAND / EUR and Gala (GALA) to trade GALA / EUR.
Each of these projects enjoys real recognition in its respective category. Zcash, for example, is a leading anonymous cryptocurrency that maintains users’ privacy by hiding transaction flows on its network. Similarly, when it comes to trading and earning returns, the Curve DAO token has become one of the most popular tokens among investors.
In addition, Bitpanda Pro has added three excellent game projects for users. On the one hand, the stock exchange listed the Axie Infinity Shard (AXS), the original token of the online video game Axie Infinity, which had over 2.5 million users by the end of 2021. Similarly, it added the GALA, the official token for the gala. games blockchain gaming ecosystem, as well as SAND, the original token from The Sandbox, another leading crypto game platform.
Why are GameFi projects promising?
By combining the features of DeFi and the features of games, GameFi has evolved into an independent aspect of the entire crypto industry. The concept involves cryptocurrency games that allow players to earn rewards in the form of cryptocurrencies, also known as play-to-earn games.
In GameFi projects, non-fungible tokens (NFTs) are used to represent game elements such as avatars, terrain, costumes, weapons, etc. Players can earn NFTs by buying them from markets, completing quests, participating in online contests, or reaching certain levels.
These NFTs can also be withdrawn from games and exchanged for cash or other cryptocurrencies in marketplaces. This opens up yet another opportunity to monetize GameFi projects, making the industry even more attractive to gamers and investors.
GameFi has taken the crypto world by storm in 2021, with the number of projects using this mechanism growing steadily. The number of GameFi projects exceeded 1,550 games in June 2022 with a total market value of about $ 10 billion.
To enable users to take advantage of this booming market, Bitpanda Pro has listed some GameFi projects. The list includes tokens that are native to popular crypto game platforms such as Gala, Axie Infinity and The Sandbox.
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Warning: This article is promotional content and does not constitute investment advice. Do your own research and invest only the money you can afford to lose.