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08/16/2022

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How The Addition Of Celphish Finance Can Help GameFi Projects Such As Decentraland Find Continued Growth

How The Addition Of Celphish Finance Can Help GameFi Projects Such As Decentraland Find Continued GrowthATZCrypto - Latest Bitcoin, Ethereum, Crypto News & Price Analysis GameFi Is The Next Generation Of Gaming The GameFi movement has continued to see...

How The Addition Of Celphish Finance Can Help GameFi Projects Such As Decentraland Find Continued Growth

GameFi Is The Next Generation Of Gaming

The GameFi movement has continued to see growth even amidst the wider market turbulence with Decentraland (MANA) being one of the largest metaverse games that enable users to earn digital assets on its platform.

The fundamental model behind GameFi and why it is a very attractive proposition is due to the monetary rewards that can be had from playing games, with games that are innovative and provide the most enjoyment for users being the most successful. However, there have been issues that have come to prominence across many GameFi projects, particularly regarding having easy access to your in-game rewards and fully connecting to the world of DeFi.

How Celphish Can Assist

Celphish

This is where Celphish Finance (CELP) can come in to provide assistance and aid the interoperability of in-game assets through the focus they have on making DeFi a more holistic experience across all platforms. Celphish is prioritising integrating DeFi into smartphones and making the UI easy to understand and easy to use.

Moreover, Celphish allows users to connect their DeFi wallets and access its swapping mechanism to easily trade cryptocurrency. This means that the content within Decentraland which transforms into MANA, its native token, can be traded and exchanged for a plethora of currencies by connecting your wallet to Celphish.

The service will be ultra-low cost, highly secure, and benefit from the fast transaction speeds through the Celphish swapping mechanism. The benefits that this can have to Decentraland and the GameFi industry as a whole make Celphish a highly attractive proposition for those that believe that GameFi is the future of the gaming industry.

Celphish is entering its presale stages for its native token CELP and from the utility the protocol possesses is garnering attention from a wide variety of investors.

Decentraland Pushing The Boundaries Of The Metaverse

metaverse

While the full integration of GameFi into DeFi is still an issue, as a pure metaverse game Decentraland (MANA) is one if not, the most exciting game currently seen. The concept of the game is an open, 3D virtual world where users can buy land (Land) to develop by using MANA the native currency. Gamers can then build and personalise the land as well as their unique avatars and offer users a unique and highly interactive metaverse experience.

Whilst you are currently unable to interact with other users in the same way that you can with Land, you can explore the world at your leisure. Decentraland also has an innovative model where you can earn money (Cryptocurrency) through monetising the land that you own as well as buying, trading, and selling Land on its marketplace. There is a limited supply of Land and thus as the game grows the laws of scarcity with demand and supply will occur.

Simply put, the more users on the platform the more demand there will be for Land, and as such a price increase will be seen, making a cool profit for those long-term holders. Also, the token itself MANA will also see a price increase as the more the token is adopted and held the higher its price will go. Therefore, it is clear to see how this can be a very attractive business proposition for investors and gamers alike.

In sum, the world of GameFi is set to become the next generation of gaming, and projects such as Decentraland will need protocols like Celphish to fulfil the potential that the project has. Accessibility and interoperability are everything for blockchain projects and Celphish can help the world of GameFi succeed.

Celphish Finance (CELP)

Presale: http://cel.celphish.io/presale

Website: http://celphish.io/

Telegram: https://t.me/CelphishFinanceOfficial

This is a paid press release. ATZCrypto does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. ATZCrypto  is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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