Introduction
As DeFi projects pick up steam, and Mark Cuban names DeFi as an industry with the potential to explode, the monthly volume of decentralized exchanges has skyrocketed from just $39.5 million in January 2019, to $45.2 billion in January 2021. Ethereum has reached all time highs, passing the $1,700 mark, and emerging layer-1 protocols, such as Polkadot and Elrond, are getting a huge boost from the DeFi boom some thought would never come.
Well, it’s here, and the implications venture far beyond higher prices for DeFi-based tokens. One of the biggest benefactors of this development will surely be blockchain gaming, a sector with great potential to introduce new forms of value for an unfamiliar, but curious, gaming sector. With more than two billion gamers worldwide, gaming remains one of the most immersive industries today. Despite the pandemic’s crippling effects on our economy, millions of people being confined to their homes has propelled the gaming industry. Microsoft’s latest earnings call reported that it earned $5 billion in Q4 from its Xbox business for the first time ever after experiencing 51 percent growth year-on-year.
Gaming itself is an immersive distraction, and for gamers, the more addictive a traditional game is, the more time and money the gamer invests into it. DeFi offers gamers a novel method of compensation through blockchain-based tokens and other rewards powered by an impressive armory of decentralized mechanics.
As a budding industry, blockchain gaming is still finding its feet. Yet its increasing adoption of DeFi mechanisms, sure to be propelled even further by the current success of the broader DeFi industry, gives it a unique upper hand in appealing to gamers.
The lines between assets purely used in games and financial assets are blurring, opening the door to a new type of asset class. Where once people saw in-game assets as digital coins with no real value, now they are becoming real financial assets. These new, scarce in-game assets will also be used as financial instruments by both gamers themselves and outside investors.
The mechanisms of DeFi enable blockchain games to provide players with different ways to make it worth their while and earn rewards. This growing proliferation of monetary benefits is a point of growing interest. Collectible and trading games are some of the most popular genres on blockchain, in part because they allow players to buy, sell, and trade unique tokens and assets. And with games increasingly creating and issuing their own native tokens, developers are essentially able to construct their own economies and ecosystems, and connect with each other through them, in many cases even across platforms.
About And Feature project ETNA Network
Cyclops Finance is a blockchain company that started out as a hybrid gaming biological system with the goal of coordinating in-game NFT supplies into a Decentralized acquiring and lending stage. On the Ethereum Protocol, enabling a constant rapprochement of money and gameplay.
Etna wants to make it normal and straightforward for clients to get aboard and work on stage without having to claim multiple wallets. The goal is to create an all-encompassing biological system, a single bedrock of interconnected crypto-type innovations that can be used by both experienced and inexperienced users. ETNA Network is advancing DeFi, gaming, and NFTs technologies. The following is a succinct summary of these innovations:
ETNA Network Highlights — A Digital Asset Lending and Renting Platform where it is not just coins and tokens, but also NFTs, computerized terrains, and that’s only the tip of the iceberg, may be used as insurance. Holders of significant NFTs may now be keen to share a credit by using their NFTs as insurance, which is unquestionably a significant benefit.
— A DEX based on the Hybrid Liquidity Protocol, where clients will have access to a variety of advanced resources. Commerce in which the complication of transferring digital forms of money is a relic of the past. Clients with no experience will desire to swap easily with a unique Broker-Buyer-Type (BBT) exchanging instrument.
– Technologies for Gaming Ordinary games can be delivered and integrated with the blockchain on this gaming platform. I’ve done work for both game designers and game players. People can claim game resources and obtain sovereignty as a result of game renown by printing game resources on NFTs.
– Clients can buy and sell substantial NFTs on the spot in a dynamic NFT Marketplace. You can buy and sell NFTs just like you would with tokens or coins on a trade. ETNA can do this by using an NFT esteem lock-in system, in which the value of each NFT is compared to a percentage of the concealed money. It’s an interesting subject because each NFT exchange dynamic is based on a mathematical value requirement bend. Holders will appreciate the increased value and the ease with which they can exchange it back.
— A cross-chain component that deals with resource adaptation between blockchains. This is fantastic since it will make it easier to achieve true comprehensiveness in NFTs.
ETNA Ecosystem — DeBank: ETNA’s lending/acquiring stage, DeBank, has been delivered to BSC. BNB, ETNA, ETH, BTC, BUSD, USDT, and DAI are the seven tokens/coins that it now supports for lending and purchasing. It also protects the inventories of all ETNA NFTs, and customers will be able to withdraw credits using these NFTs. ETNA’s DeBank also allows ETNA token holders to withdraw revenue-free credits on a regular basis. It’s also the first of its kind in the crypto world. At this time, and over 4,500,000 ETNA and 2000 NFTs have been saved. In addition, over $200,000 in interest-free advances have been obtained.
– ETNA Networks’ NFT Marketplace: NFTs are gaming materials that will be sent in the upcoming game by ETNA Networks. There are currently around 30 NFTs trading on the ETNA Network commercial center, including gaming characters, weaponry, secret regions, animals, and others.
ETNA Token
ETNA is the local currency of the ENTA Network environment, and it is used for a variety of Defi functions such as loaning, receiving, NFT trade and purchase, as well as for expenditures.
ETNA Network Ticket: ETNA Token Specification Token Name: ETNA Network Ticket: ETNA
Binance Smart Chain is the type of chain.
On a grand scale, 100,000,000 units are available.
40,000,000 dollars have been staked.
BBT Marketplace has a value of $30,000,000.
Allocation of Resources
Pre-sale : 10,000,000 dollars
6,000,000 dollars in liquid assets
3,000,000 for the entire team (locked for seemingly forever)
The Improvement Fund has a budget of $5,000,000.
5,000,000 dollars for a partnership
2,000,000 for the foundation
By utilizing ETNA Tokens as a Lending Platform, it is possible to obtain advances without incurring interest charges or fees.
• BBT Market: ETNA can serve as an assurance and as a Proof of Insurance Mechanism in the BBT Market.
In-game assets and other NFTs can be purchased and sold using the NFT Marketplace supported cash, which is provided by ETNA.
ETNa can be utilized as a Treasure and grant in the gaming section of the ETNa organic framework.
Learn more about the project:
Website: https://etna.network
Whitepaper : https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram: https://t.me/EtnaNetwork
Medium : https://etnanetwork.medium.com
Discord : https://discord.com/invite/dbuEXdm
Github : https://github.com/etna-network
Author
Forum Username: Core2ext
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2645250
BSC Wallet Address: 0x35FDe788c0972C600F845e6B827BA5d8a0bB5b5a