An up-and-coming crypto gaming project has pulled off an incredible 300% rally in the past 30 days as digital asset markets continue to show strength following the crack of 2023.
WEMIX (WEMIX) is a platform that supports blockchain-based games for over 378,000 gamers, according to its website.
WEMIX’s ecosystem includes at least 20 games at time of writing, each of which has its own tokens on the WEMIX blockchain. WEMIX tokens currently have a collective market cap of $164.19 million.
WEMIX uses a hybrid blockchain structure to attempt to deal with slow transactions and excessive fees sometimes associated with other crypto games.
Last month, the project launched a new fan token system to allow its creators to monetize and connect with their supporters.
“Fan Token is an interactive donating system in which both creators and fans can grow together to benefit from the increasing token value by purchasing the Fan Tokens issued by the creator.
It uses [the] revolutionary concept ‘high-water mark minting mechanism’ to only allow tokens to be minted when its price goes up.
1,000 tokens are minted per every 24 hour time weighted average price (TWAP) increase of $0.01.”
WEMIX is created by blockchain development firm WEMADE, which recently announced a partnership with metaverse engine developer Metagravity.
According to the announcement,
“The alliance will help bring to life WEMADE CEO Jang Hyun-guk’s vision of building an experience people can enjoy by playing a well-made game and a vast platform that could connect everything.”
At time of writing, WEMIX is up 328% in the last 30 days, currently trading at $1.50 with a market cap of $377 million.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Natalia Siiatovskaia/Tin Store