The online gaming world is getting interesting as a lot of gamers are finding their way into the Web3 space to experience the power of decentralization while enjoying the rewards therein.
WAX blockchain is a network known for its decentralized P2P trading protocol for online video game assets and is the number one gaming blockchain that is set to serve over 400 million online players who buy, sell, and collect unique in-game items, still, the team through DAOLabs SocialMining platform uses the hub to rewards their creators in the fairway and increase their social engagement daily which affect the ecosystem growth in terms of popularity and network interaction. In this article, we shall look into the overview of WAX Hub, the new updates around WAX Blockchain, opportunities that lock up in Web3 gaming, and how to secure your wallet from bad actors.
Understand the WAX Hub Platform
The introduction of WAX Hub through DAOLabs connects all WAX enthusiasts and allows them to actively contribute to the expansion and enhancement of the WAX NFT ecosystem. There are a lot of ambassador programs with very terrible reward models, but DAOLabs' social mining reward system has been fantastic since the introduction of this unique idea. As the program comprises like-minded individuals living within the community and the focus is a common goal hence, quality content has become the order of the day which then propels great rewards in return. As of the time of this article, there are over 900 registered creators on WAX Hub, and every quality content created after proper registration is measured in Points which are then converted to utility WAXP tokens or NFT claims but the creator. Additionally, some project within the WAX ecosystem releases tasks and reward the participants with their project tokens, this means creators not only receive WAXP rewards they also get other tokens or NFT rewards. You may be asking how do you start, following the below step:
- Confirm you have at least 50 followers on your Twitter Account
- Register on the WAX Hub Platform
- Connect your Twitter to the WAX Hub Platform
- Follow All Terms and conditions on how to connect your WAX wallet
- Start Creating Content.
The New Update Around WAX Blockchain
The WAX blockchain is known for its low transaction fee and with mycloudwallet access to multiple blockchains becomes easy for all. As of now, the wallet is the multichain NFT and Token bridge that enables seamless crosschain asset transfer and interoperability which supports 5 blockchains namely, Ethereum, Polygon, Solana, BAse, and BNBChain. In the latest news copied from the official Twitter account @wax.io, TON Blockchain is coming soon. This leads us to Wuffi Inu Project.
Wuffi Inu is a project that airdropped 15Trillion $WUF worth $23,850,000 to the WAX community and since its launch on WAX, there has been amazing growth within the WAX ecosystem and the Wuffi Inu project has hit an interesting upgrade which then boosted new addition of WAX & TON bridge coming soon on WAX. Wuffi Inu is set to increase user engagement on their network as they introduced WuffiTap. This is a telegram bot that allows everyone to get a reward no matter the rank you find yourself. However, the higher you climb, the bigger the stash and this is on the TON network. Get Started Now and Get ready for WAX-TON Bridge coming soon.
Opportunities That Lock Up In Web3 Gaming
Opportunity within Web3 gaming is uncountable. As WAX Blockchain is the focus here, let's quickly look into the Alien Worlds project. This is a community-built metaverse where explorers can play and build together, hence, users master the metaverse, take over a DAO, seek rewards in utility tokens (TLM), and enjoy NFT fortune. One of the interesting around this project is the opportunity to enjoy free-to-play games and still get rewards. The mining feature in Alien Worlds begins with a free tool lavished on anyone who connects his WAX wallet to the platform and you can increase your mining drop through NFT's purchase however understand the characteristics of all NFTs within the ecosystem before you purchase.
Furthermore, the grant program is one of the opportunities within the ecosystem through Galactic Hub. The hub has welcomed a lot of projects and the focus has been to grow the decentralized metaverse alongside the community. The team understands that in today's engagement, grant records are maintained poorly with non-compliance grant provisions, they then run the program through judges and a Dacoco administrator to learn the way of how to effectively give grants in the metaverse, still in the future, the team is expected to upgrade to a proposal governed by blockchain technology. Read more about Alien Worlds and enjoy the opportunities around the ecosystem.
In conclusion, security of one wallet when interacting with any Dapps is a sole responsibility of oneself. To protect yourself against bad actors within the space you need to follow this little information but not limited to this only. Personal research on any project you are interacting with is important and the best way to do this is to search the project on coinmarketcap or coingecko, though there are more tools you can use but based on my personal experience this is recommended. Additionally, check the project's social media handle and be sure the team is actively engaging their community, however, be careful of impersonation, check the handle username, and be sure you are on the official handle of such a project. Never interact with platforms that demand your seed phrase and remember, no admin of a quality project will ever send you a direct message first.
Article Reference Links
DaoLabs Official Website: https://daolabs.com
WAX Blockchain Official Website: https://wax.io
WuffiTap Link: https://t.me/Wuffitap_Bot/wuffitap?startapp=r_5667916798
Alien Worlds Official Website: https://alienworlds.io
WAX Cloud Wallet: https://www.mycloudwallet.com
WAX Hub Link: http://ambassador.wax.io/signup/2mMDZ07mI3
Disclaimer: I am not a financial advisor, all the information here is for your further research. Should you have question, drop them in the comment section.