With over $13 billion currently locked across DeFi protocols, the decentralized financial landscape has been growing at a breakneck speed. The high quest for a non-custodial financial product and marketplace has been instrumental to the astronomical growth in the DeFi (Decentralized Finance) sector.
No doubt, the interest that has rallied behind the DeFi protocols has been phenomenal, NFT market has also been on traction in leading mainstream adoption of blockchain technology. Exeedme, a blockchain-powered gaming platform is combining the capabilities of both sectors to target the gaming industry with a focus on wealth distribution.
Blockchain Has Revolutionized the Gaming Industry Forever
Gaming is one field that has been disrupted by blockchain heavily, especially with the NFT wave that took the gaming industry by surprise. NFTs present a strong use case for DeFi adoption in the coming years 2021-22, while many define 2020 as the year of ‘coming out’ for NFTs. In a recent press interview, Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, also commented on the positive sentiments for NFT-inspired gaming:
“I am keeping an eye on how gaming will act as a catalyst for introducing Ethereum-based NFTs, for consumers.”
With the introduction of NFTs, the gaming industry powered by blockchain technology has drastically pivoted in no time, providing an avenue for gamers to rake different NFT tokens as they engage with their favorite games.
NFTs exist on the blockchain, they are ascribed metadata, i.e. a unique set of values that when read will differentiate them from non-fungible tokens. In effect, this metadata functions like a certificate of authenticity that demonstrates the asset or token are rare, unique, and indivisible. This property of NFT has been instrumental in shaping the gaming industry, connecting gamers in a manner that makes it easy to earn money without necessarily being a gaming pro.
This is the foundation upon which Exeedme, an NFT cum DeFi gaming platform is built. Exeedme is a blockchain-powered gaming platform built atop the Polkadot infrastructure with a mission to structure a fair and trusted Play2Earn blockchain-powered gaming platform where all gamers both pro and beginners can make a living playing their favorite games.
How Exeedme Is Reshaping The Gaming Industry
Taking into cognizance how online gaming has fast expanded with over 2.7 billion gamers worldwide, Exeedme is rewriting the initial Free2Play’s predatory monetization narrative to what could be termed as Play2Earn blockchain-powered gaming initiative, where gamers engage in a duel in their favorite games, challenge an opponent, and bet their own victory. To help it proceed with this goal, Exeedme has secured support from AU21 Capital, GBV, and Moonrock Capital.
This concept ensures that gamers are fully entertained while being paid for doing so. With the aid of blockchain technology, Exeedme decouples the dominance of middlemen who for various shady reasons contributes to why gamers receive very little compensation.
The Exeedme model deploys the innovation behind blockchain, DeFi, and NFT to create a peer to peer gaming economy that is gamer-centric, ensuring that players are rewarded adequately.
Taking into consideration how big the industry has become, Exeedme is built atop Polkadot, a highly scalable and efficient network capable of handling high-level scaling as the platform expands.
Being an interoperable blockchain infrastructure, Exeedme leverages the Polkadot network to create support for cross-chain assets and collectibles to be easily deployed on the gaming platform, creating an innovative bridge that is lacking in most blockchain-powered gaming platforms.
NFTs have rare potential to disrupt the gaming industry with much innovative functionality. Not only will it allow gamers the potential to earn, but it will afford them the opportunity to purchase or earn even rarer NFT items that will potentially be worth a lot more than a straight pay-out in fungible currency.
DeFi and NFT are leading the widespread innovation in the blockchain industry, which makes Exeedme a prime focus in all of this. Exeedme’s technology ensures maximum security on the gaming platform by deploying the Polkadot NPoS (nominated proof-of-stake) to ensure maximum chain security at all levels. Gamers interacting within the Exeedme platform will be doing so under a highly secured gaming network.
Where Polkadot Fits In
With Blockchains interoperability functions, Polkadot tops the chart in the blockchain architectures that are leading the industry 4.0 and the web 3.0 of the decentralized landscape. Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types across public and private chains, permissionless networks, oracles, and future technologies,
Polkadot puts together a wide-range of innovative features positioned to lead the future of the DeFi and NFT sectors. Being built on a highly scalable and efficient network like Polkadot, Exeedme is set to bring a lot of innovation to the gaming industry. Unarguably, Exeedme could be all that is needed for a blockchain-powered, wealth distribution gaming platform to come to fruition.
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