What you'll learn 👉
- NuggetRush is set to release an immersive mining game with multiple earning opportunities.
- Chainlink has announced a partnership with GameVerse as part of its plans for integrating oracles with gaming networks.
- Elsewhere, Aave is also working to boost the liquidity of gaming tokens.
Play-to-earn (P2E) gaming has risen in popularity in the past few years. Yet, it’s about to get another boost thanks to the integration of oracles and liquidity protocols. Top DeFi projects like Chainlink and AAVE are already looking to partner with blockchain games.
In this article, we will briefly look at what such integration would look like. Furthermore, we will discuss NuggetRush (NUGX), one of the most popular NFT play-to-earn games available.
NuggetRush Is Set To Increase The Profitability Of P2E Games
NuggetRush (NUGX) is building a gaming ecosystem of miners that offers incredible rewards to its users. The platform is built on Ethereum and caters to the specific desires of mining enthusiasts.
On NuggetRush (NUGX), users enjoy the thrill of discovery and strategic thinking while searching for in-game rewards.
Users can also convert these in-game rewards into real-world value. Furthermore, its gaming rewards come with higher utility. For instance, users can sell their NuggetRush (NUGX) in-game collectible NFTs. Users can also stake their NFTs to earn more rewards.
The best part is that NuggetRush (NUGX) allows users to take out in-game rewards from the ecosystem.
Players can redeem these rewards for cash. Furthermore, the game offers support to artisanal miners in developing countries. Despite its widespread popularity, NuggetRush (NUGX) is still in the early stages of its blockchain ICO.
NUGX’s current price is $0.010, as it just entered Stage 1 of its public presale. When NUGX enters Stage 2, it will have risen by 20% to reach $0.012. Finally, NuggetRush will launch when the NUGX value reaches $0.020, growing by 100% from its Stage 1 price.
Chainlink (LINK) Announces Partnership with GameVerse
Chainlink (LINK) is a decentralized oracle network (DON) that enables the creation of hybrid smart contracts. DONs help decentralized applications to combine on-chain code and off-chain infrastructure. Such integrations help decentralized networks to react to real-world events.
Overall, Chainlink (LINK) helps blockchain games create dynamic NFTs that react to off-chain data or time/state changes. It also boosts gaming security by creating provably fair randomness in gaming mechanics.
Furthermore, it improves gaming experiences by helping to randomize character distribution and map generation. Chainlink (LINK) has gotten more popular in recent times thanks to its gaming partnerships. For instance, on October 18, 2023, GameVerse announced a partnership with Chainlink to further the development of its ecosystem.
The partnership could be behind the recent jump in LINK’s value. LINK was trading at $7.36 on October 18 following its partnership with GameVerse. By October 23, LINK had jumped by 43.3% to $10.55.
Some analysts say LINK will rise further as Chainlink grows in the gaming space. This could then see LINK rise by 25.4% to $13.24.
Aave Expected to Boost Liquidity of Gaming Tokens
Aave is an Ethereum-based decentralized lending protocol that offers automated crypto loans. It allows users to borrow money using cryptocurrencies as collateral. Aave is also a source of easy and efficient liquidity.
Aave’s integration with gaming networks could boost the functionality and liquidity of gaming tokens. For instance, users can sell, borrow, and even stake their gaming tokens on Aave’s DeFi protocol. This would boost the liquidity of gaming tokens. Already, Aave has partnered with blockchain gaming platforms like Axie Infinity.
AAVE’s value rose sharply in October following its recent partnerships. AAVE was trading at $66.61 on October 4. Yet, by October 23, AAVE had risen by 27.2% to $84.73. Analysts say AAVE could grow further if it integrates with more gaming tokens. This could push AAVE up by 8.9% to $92.34 by year’s end.
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