We’ve focused a bit on our American readers in our last couple of articles. And that’s because we understand how difficult it is to access some cryptocurrencies in the U.S. The US has an impressive crypto market. But, as of now, the lack of regulatory clarity is a huge challenge and a setback.
So, if you’re based in the U.S. but you’re serious about getting your hands on good crypto assets from a reliable platform, this article is for you. We’ve been talking about BYDFi, a crypto trading platform that Americans can use to access multiple trading options. We’ve also discovered that blockchain gaming projects are slowly getting back into their games.
Two blockchain platforms for games that have garnered a lot of interest are Skales (SKALE) and ImmutableX (IMX). Now let’s talk about them.
"BYDFI brings the best of crypto-only exchanges and fiat to crypto exchanges together to make it a great option for Americans who need exchange access."
Thanks for sharing✨https://t.co/vtf4CaHxQm
— BYDFi (@BYDFi) August 16, 2023
SKALE
The SKALE network is one of the most vibrant blockchain ecosystems in recent months. And the platform’s growth isn’t mere hype but is tied to its unique value proposition. SKALE is a decentralized network that prioritizes Web3 social apps and gaming. The platform’s designs cater specifically to gaming. SKALE is also integrated with Ethereum. This simply means that it is compatible with Ethereum.
Whether on the road or on the blockchain, nobody likes traffic! 🚦
SKALE's AppChains with ZERO gas fees prevent network congestion, a.k.a traffic, and sends your transactions on their way instantly!
Get to your destination faster on SKALE ✅ pic.twitter.com/TxPvugMwhV
— SKALE (@SkaleNetwork) August 15, 2023
SKALE has a simple objective: to provide a flawless Web3 gaming experience that is also affordable. SKALE achieves this by eliminating gas fees and enhancing the user experience, speed, and security.
Furthermore, SKALE’s design helps Ethereum apps operate with impressive speed. In addition, SKALE can support a large number of transactions cheaply and securely. This makes it ideal for gaming and social apps.
🔥 "Gas free gaming on SKALE is taking the blockchain world by storm!"
CryptoBladers, spill the tea 🫖: Were you battling it out on @CryptoBlades this weekend or did you venture into other realms? 🎮
🔹 @CryptoBlades 🔹 @32bit_Untitled 🔹 @Gamiflyco 🔹 @5tarsGame
Sound off… https://t.co/2sfZDMKBXX— CryptoBlades (@CryptoBlades) August 15, 2023
Some of the Web3 games building on SkALE include
- Untitled Platformer
- CryptoBlades
- Gamifly
- Zeus – EtherStrike
- Legends of Elysium
What makes it unique?
SKALE uses a multi-chain approach with pooled security. It relies on a unified validator set rather than individual validator sets for each chain, offering increased security and less vulnerability to collusion or other security issues.
The potential of #web3 is vast. From finance to gaming, it's shaping the way we'll interact online in the future. It's not just about technology; it's about returning power to the people. Let's embrace this exciting new frontier together!
— Bernardo Dantas (@BernardoDantasA) August 10, 2023
SKALE’s biggest value comes from providing developers with a scalable platform to test, host, and create DApps. Developers can make necessary changes and customize sidechain specifications on SKALE. In addition, SKALE also solves the issue of high gas fees caused by network congestion on Ethereum.
The next generation of DeFi is being built on SKALE! 🚀
By taking advantage of SKALE’s instant finality, zero gas fees, miner extractable value (MEV) protection, @ruby_exchange has brought dollar-cost-averaging on-chain, a first for DeFi! ⛓️ https://t.co/6v0pgaWd02
— SKALE (@SkaleNetwork) August 7, 2023
What’s SKALE’s potential?
SKALE’s SLK token currently trades at $0.02438. And it’s been two years since its all-time high of $1.22. There’s no doubt that SKALE has a lot of potential. So, there’s a possibility we can see the SLK price climb to $0.081 between late 2023 and 2024. However, this figure will depend on how much developers continue to use SKALE and its overall growth. And remember, you can buy it on BYDFi.
IMX
Immutable X is a layer 2 chain on Ethereum that focuses on NFTs and games. It allows users to mint and trade digital collectibles. Apart from enabling gas-free minting, Immutable X serves the gaming community through its custom wallet UX with integrated credit card payment.
If there will be another bull market, I am convinced that L2 scaling solutions will be one of the main narratives.
There simply is no other way to have more adoptions without those. I'm curious to see which zkEVM will come out on top. zkSync, Scroll, Immutable X, Polygon Hermez…
— Strong Hands (@Stronghandsinat) August 12, 2023
The Immutable X also caters to builders. It provides support and simple SDKs and APIs to allow developers to easily launch new games.
The Immutable X platform is powered by Starkey, a ground-breaking zero-knowledge-proof technology developed by StarkWare. It provides unequal throughput with zero gas fees. Immutable X provides the tools needed for developers to design quality in-game assets.
🚀Top Blockchain Games by Social Score on Immutable Last 24H@illuviumio @BLOCKLORDS @GodsUnchained @GuildOfGuardian @ArrlandNFT @fractalians @UndeadBlocks @MetaFightOff @PlayEmberSword @KiraverseNFT #Web3Gaming pic.twitter.com/aQ4NNDatDr
— ImmutableX Daily 🅧 (@ImmutableXDaily) August 16, 2023
Some of the top game projects on Immutable X include
- Undead Blocks
- Planet Quest
- Deviants’ Factions
- Illuvium
- Ember Sword
- Gods Unchained
- Guild of Guardians
Immutable X has appealing potential in a well-defined market. The blockchain industry’s growing GameFi business is expected to gain more attention as scaling solutions for Ethereum become available. Immutable X is in a strong position technologically thanks to StarkWare. Also, several top platforms have already struck partnerships with Immutable X. These partnerships add to the potential of the IMX token.
The partners list that have committed to @Immutable zkEVM.
Many game studios and marketplaces have already begun transitioning to #ImmutablezkEVM. Their commitment validates the Immutable rollup's quality and reflects industry demand and excitement💪 pic.twitter.com/pICHmSZwqn
— ImmutableX Daily 🅧 (@ImmutableXDaily) August 16, 2023
The IMX, which serves as Immutable X’s native token, is an ERC-20 token. It is used for
- Staking
- Fees
- Governance
What is IMX’s Potential?
The IMX token currently trades at $0.642038, which is 93.27% off its all-time high of $9.52. The bear market is the core reason for this decline. However, IMX is a valuable long-term investment. Market experts believe that under the right condition, IMX will surpass the $1 mark before the end of 2023.
Both the IMX and SLK tokens have long-term value. These coins are both available at BYDFi. This is especially of interest to US citizens. That’s despite their restricted crypto trading options.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by BYDFI. Copyright Altcoin Buzz Pte Ltd.