Everyone is likely aware of the Decentralize Finance and Gaming industry’s significant growth, thanks to the COVID-19 pandemic. However, gaming goes beyond mere entertainment nowadays, as individuals can now make money from this activity. The emergence of games that incorporate traditional gameplay, cryptocurrency, and blockchain technology exemplifies this trend. Matrix Chain, which seamlessly combines entertainment, crypto, and blockchain elements. But what exactly are crypto and blockchain, and how can playing games translate into earning money?
What is Cryptocurrency?
According to Fobes Advisor, “Cryptocurrency is decentralized digital money that’s based on blockchain technology.”. Users may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation.
How does Cryptocurrency work?
A cryptocurrency is a digital and encrypted form of currency that operates in a decentralized manner. Unlike traditional currencies like the US dollar or the Euro, there is no central authority governing and controlling the value of a cryptocurrency. Instead, this responsibility is distributed among the users of the cryptocurrency.
While many people view cryptocurrencies as investments similar to stocks or precious metals, they can also be used to purchase regular goods and services. However, investing in cryptocurrencies carries risks, as users need to thoroughly study and understand the functioning of each individual system. Cryptocurrency represents a novel and intriguing asset class, but its complexity requires users to engage in extensive research to gain a proper understanding of how it operates.
What is a Blockchain?
A blockchain is an open and decentralized ledger that records transactions using code. It operates in a manner analogous to a checkbook that is distributed across a vast network of computers worldwide. Transactions are stored in blocks, which are subsequently linked to previous cryptocurrency transactions, forming a chain. Buchi Okoro, the CEO, and co-founder of Quidax, an African cryptocurrency exchange, offers a helpful analogy: imagine a book where users diligently record their daily expenses. In this scenario, each page represents a block, and the entire book, comprising multiple pages, represents a blockchain.
Matrix Chain: Perfect Imperfection
As previously mentioned, Matrix Chain not only provides entertainment to players but also offers opportunities to earn money. How does Matrix Chain accomplish this? Firstly, as a game – Matrix City, its primary function is to provide relaxation and enjoyment. Matrix Chain takes pride in its intricate and detailed graphics, captivating players with diverse topographical maps, advanced equipment, buildings, and engaging and unpredictable events. Moreover, Matrix Chain enhances the gaming experience with its advanced technology, including a modern game engine, cinematic mode, and high-quality art station.
There is the notable free-to-play-to-earn aspect. Players can engage in Matrix Chain without spending any money. The game will be developed on the multichain platform, utilizing its own token called $MTC. This token will serve as the currency for purchasing upgrades, creating new characters, and gaining voting privileges within the game. The introduction of the $MTC token marks a significant breakthrough that will transform the gaming industry by leveraging decentralization and blockchain technology. The objective of the Matrix Chain team is to establish a new paradigm for applications across various formats, encompassing computer games, mobile games, smartphones, and tablets. Their vision is to unite content developers, players, and contributors worldwide, blurring the line between virtual metaverse and reality.
Furthermore, an intriguing aspect of Matrix Chain is the presence of the Matrix Chain Council. This council consists of a collective of skilled and passionate individuals, including Matrix Chain royal gamers, Defi creators, NFT collectors, and digital artists. Together, they have established an impressive and respected reputation for acquiring significant and extraordinary pieces, infused with a touch of heroism. In the context of Matrix Chain, the DAO Council plays a vital role. It introduces a dedicated voting mechanism, empowering the council to influence crucial protocol decisions and shape the game’s trajectory. As a reward for their contributions, commissioned SubDAOs will receive $MTC tokens upon generating new value, enabling them to further develop and enhance the platform.
What sets MatrixDAO apart from others is its unique specification. It stands as a next-generation governance system that provides a platform for democratic debates among the community, NFT creators, and token holders. Unlike traditional models where decisions are solely made by industry veterans, MatrixDAO encourages open discussions, allowing new ideas to flourish. This inclusive environment ensures that the voices of both experienced and emerging stakeholders are heard and considered, fostering a vibrant and diverse ecosystem.
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