Avalanche, Enjin Coin, Metamortals are major cryptocurrencies that could reinvent GameFi

Although GameFi is a relatively new sector in the crypto industry, it is already being reinvented. Thanks to the tremendous potential of blockchain and virtual reality, cryptocurrencies such as Avalanche (AVAX), Enjin Coin (ENJ) and Metamortals (MORT) lead the group leading this phase of reinvention.

This article provides information on these three major supporting cryptocurrencies of the GameFi sector.

Avalanche (AVAX)
Popular rival of Ethereum, Avalanche (AVAX), is a cryptocurrency and open-source smart contract protocol for deploying new and autonomous dApps and blockchains. Its blockchain is lightning fast, cheap and eco-friendly.

Avalanche blockchain features include multiple validators, high scalability, and a tri-chain network (X-Chain, P-Chain, and C-Chain) to process more transactions per second. Its Proof-of-Stake consensus and Avalanche consensus protocol also ensure high security.

In addition, Avalanche supports scalable, fast, and low-cost Ethereum (ETH) smart contracts and dApps. The Avalanche Bridge also enables the transfer of assets between the Ethereum and Avalanche blockchains, enabling interoperability.

In addition, the Avalanche Foundation recently announced their multiverse project, Avalanche Multiverse. The incentive program focuses on enhancing the adoption and expansion of its revolutionary “subnet” to create a rich ecosystem of scalable and customizable dApps such as games, DeFi, NFTs, and institutional use cases.

The AVAX token powers the Avalanche network and secures the network through staking. It facilitates fee payments, validator rewards, and fast peer-to-peer transfers or trades on various crypto exchange platforms. It also serves as a medium of exchange between the numerous subnetworks built on the Avalanche platform.

Enjin Coin (ENJ)

Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used by gaming company Enjin to create value for next-generation blockchain assets and NFT creations.

The Enjin platform hosts an ecosystem of decentralized, interconnected, blockchain-based games, NFTs, tokens, and a marketplace for trading these digital assets.

Therefore, the platform supports crypto gaming by allowing game developers to tokenize in-game items or create custom tokens (NFTs) backed against the ERC-20 Enjin Coin (ENJ) for a predefined fee.

As the backbone of NFTs in the Enjin ecosystem, the ENJ token is anti-inflationary and provides authenticity, tangibility, trust, scarcity, and value to the NFTs minted on the platform.

The ENJ token creates value when users earn certain tokenized assets by participating in Enjin-based games, and then “melt” those assets into ENJ. Subsequently, users can use the ENJ coins to purchase various in-game items or trade them on crypto platforms such as Gemini, Binance, and Coinbase.

Additionally, ENJ will also prioritize the digital assets being created on the upcoming Efinity network, a decentralized cross-chain metaverse built on top of Polkadot.

Metamortals (MORT)

Metamortals is a new cryptocurrency that aims to bring decentralized finance into crypto games as a GameFi project. Therefore, the innovative DeFi blockchain game plans to combine savings, earning and entertainment.

Players can enjoy adventurous play-to-earn games in a fantasy realm while earning or engaging in DeFi activities like staking, yield farming, and token exchange.

In addition, metamortals are created a virtual social world where everyone can interactt in real time with social media, augmented reality, virtual reality and mixed reality.

The Metamortals ecosystem will also include a learn-to-earn model, an incubator (for fundraising), a decentralized exchange, and a DAO system.

The Metamortals token MORT will power the ecosystem. The MORT token is a BEP20 token based on the Binance Smart Chain with a cross-chain functionality.

Players can get the MORT tokens by performing various game tasks like exploring, providing liquidity, staking, etc. The token facilitates in-game trading, liquidity farming rewards, staking, decentralized exchanges, and MORT DAO governance token acquisition.

The Metamortals presale is currently active and offers exciting rewards for purchases. You can earn a 35%, 50% or 85% bonus on your 1st, 2nd or 3rd purchase. Other incentives such as deposit and referral bonuses are available to buyers.

Crypto gaming has evolved from a purely play-to-earn model to a vehicle for value creation in both the real world and the multiverse, and is attracting more interest from game developers and gamers alike.

These tokens on our cryptocurrency list are spearheading the reinvention of the crypto game, with the Metamortals (MORT) token offering an innovative approach to value creation.

For more information on Metamortals (MORT), see:

Presale: http://register.metamort.io/
Website: http://metamort.io/

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