The rapid rise ofAxie Infinity ushered in a new era for earning gaming, inspiring countless GameFi projects and attracting significant funding in this area. This strong growth has increased the value of some GameFi projects, yielding huge returns for early investors. However, GameFi projects still have great potential, making them a preferred option for traders.
It is in this perspective that Bitpanda Pro announced the listing of new trading pairs on its platform, with a focus on GameFi tokens. The exchange has also added new trading pairs from other crypto sectors, including DeFi, smart contracts and tooling, giving investors more opportunities for profit.
Read on the same topic: GameFi, Web 3.0’s most promising sector?
Bitpanda Pro Adds Eight New Trading Pairs
The list of supported cryptocurrencies on Bitpanda Pro has been widened. Now the platform offers eight additional assets, which users can deposit to grow their trading portfolio. The newly listed trading pairs include various assets related to different aspects of crypto.
These include in particular:
- The 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. For example, Zcash is a leading anonymous cryptocurrency that maintains user privacy by hiding transaction flows on its network. Likewise, 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 exchange listed Axie Infinity Shard (AXS), the native token of the online video game Axie Infinity, which had more than 2.5 million users at the end of 2021. Likewise, it added GALA, the official token of the Gala games blockchain gaming ecosystem, as well as SAND, the native token of The Sandbox, another leading crypto gaming platform.
Why are GameFi projects promising?
Combining the functions of DeFi and those of games, GameFi has become an independent aspect of the entire crypto industry. The concept includes cryptocurrency games that allow players to earn rewards in the form of crypto assets, otherwise known as play-to-earn games.
In GameFi projects, non-fungible tokens (NFTs) are used to represent game elements such as avatars, terrains, costumes, weapons, etc. Players can earn NFTs by buying them in markets, completing tasks, participating in online competitions or reaching certain levels.
These NFTs can also be taken out of games and exchanged for cash or other crypto assets in marketplaces. This opens up a new opportunity to monetize GameFi projects, making the industry even more attractive to gamers and investors.
GameFi took the crypto world by storm in 2021, with the number of projects adopting this mechanism steadily growing. The number of GameFi projects exceeded 1,550 games by June 2022, with a total market cap of approximately $10 billion.
In order to give users the opportunity to take advantage of this booming market, Bitpanda Pro has listed some GameFi projects. The list includes tokens native to popular crypto gaming 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 only invest the money you can afford to lose.