Crypto Gaming Project Skyrockets Nearly 300% in a Month As Team Announces Series of Updates

As the digital asset market continues to show strength since the 2023 crack, up-and-coming crypto-gaming projects have achieved an incredible 300% gain in the last 30 days.

WEMIX (WEMIX) is a platform that supports blockchain-based games for over 378,000 gamers, according to its website.

The WEMIX ecosystem includes at least 20 games at the time of writing, each with their own token on the WEMIX blockchain. WEMIX token the current Market capitalization is $164.19 million.

WEMIX uses a hybrid blockchain structure to try to address slow transactions and excessive fees that are sometimes associated with other cryptocurrency games.

Last month, the project launch A new Fan Token system that allows creators to monetize and connect with their supporters.

says WEMIX.

Fan Token is an interactive donation system that allows both creators and fans to grow together and increase the value of their tokens by purchasing Fan Tokens issued by creators.

it uses [the] An innovative concept High Watermark Issuance Mechanism that allows token issuance only if the price increases.

1,000 tokens will be issued for every $0.01 increase in the Time Weighted Average Price (TWAP) over a 24-hour period. “

WEMIX was recently created by blockchain development company WEMADE. announced Partnership with Metagravity, developers of the Metaverse engine.

According to the announcement,

This partnership will help us realize WEMADE CEO Jang Hyung Guks vision of building experiences that people can enjoy by playing well-made games and a vast platform that connects everything.

At the time of writing, WEMIX is up 328% over the last 30 days and is currently trading at $1.50, giving it a market cap of $377 million.

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Featured Image: Shutterstock/Natalia Siiatovskaia/Tin Store