Axie Infinity is one of the leading play-to-earn crypto games with a high-performing P2E asset, AXS. But, recently, the token plunged below its support range, and as of 13 June 2022, it stands at $13.20 only. According to Coingecko, last year, AXS recorded its all-time high value of $164.90, and now it's gone down by 90%. Besides, Axie Infinity price prediction for coming years shows a declining market.

The reason for its downfall isn't only the bearish market outlook. Several other factors are at play here - like cyberattacks and the shallow hype for P2E gaming. As an investor, you must be aware of these factors to gauge the potential of AXS. To give you an idea of whether Axie Infinity will go up again or not, here are some insights!

## Understanding Axie Infinity Economy

Before making an Axie Infinity price prediction or any investment decision, it is important to learn how its economy works. Axie Infinity is a blockchain-based game that deals in two digital tokens; Smooth Love Potion (SLP) and Axie Shards (AXS).

Like most P2E games, it is another idle game of the battle genre. In the beginning, players must buy Axies to participate in the fights. For winning local fights, you can earn SLP, while tournament games would give you AXS, which is a more valuable token. 
You can also get Axies by breeding them. If you already have two Axies, you can breed them to get another one with the abilities of both. In addition, you can also acquire SLP and AXS through crypto exchanges for trading.

However, the value of both tokens depends on the demand of the Axies in the game. If the demand is low, players can trade their digital assets on different exchanges. This, in turn, negatively impacts the tokens’ price.

[Source](https://www.decentralised.co/p/the-economics-behind-axie-infinity?s=r)

## Axie Infinity price prediction 2022, 2025 & 2030

According to [DigitalCoinPrice](https://digitalcoinprice.com/forecast/axie-infinity)’s Axie Infinity price prediction, at the end of 2022, it doesn’t show much rise and will be averaging $20.52. Moreover, the data indicate that in 2025, AXS's price will only reach $29.48. Comparably, till 2030, the coin does not seem too bullish as its average value in that year will likely be around $70.32.

In comparison, PricePrediction.net suggests steady growth in the AXS price. By the end of this year, we might see it rise to around $26.71. By 2025, the forecast indicates that it will be averaging $88.87. Moreover, the data shows that it will cross its previous highest value in 2027. And by 2030, it will be averaging $556.99.
Why the sharp decline in Axie Infinity’s value?
The overall bearish trend in the crypto market can be one of the factors for Axie’s decline. However, there are two other primary reasons for its sharp decline.

### 1.   Hype for P2E gaming

As a torchbearer of the play-to-earn games, it has fallen short of this claim. The game isn’t quite competitive in terms of gameplay – especially if you compare it to other MMO battle games. That’s why the player base mainly plays this game with the intention to earn rather than enjoy.
But the game recently introduced its latest version, Axie: Origin, which doesn’t involve the AXS or SLP tokens. Though they have improved the gameplay and graphics of the game, claiming to cater to the non-crypto gamers, the version has failed to attract the masses.
Currently, Axie Infinity has around 18,000 active players. This player count has seen a slump from over 70,000 at the start of the year.

## 2.   Cyberattacks threatening the ecosystem

Cyber Attacks on the ecosystem are the other reason for a decline in the Axie Infinity price predictions. Last month, cyber attackers hacked the discord server and made a fake announcement for the minting of an Axie NFT.

Before that, on 23 March 2022, Axie Infinity blockchain also experienced grave cyber theft. This caused the blockchain to lose over $600 million worth of [USDC](/coins/usdc) and Ether through the Ronin Network.
Because of these hacking attempts, gamers are becoming more sceptical towards Axie Infinity. Investing in such an ecosystem is quite risky; that’s why investors are hesitant to invest their money.

## Is Axie Infinity a good investment?

The current Axie Infinity price prediction is in the red, and its value is diminishing abruptly. It hasn't shown any stability lately, which means higher volatility. Moreover, the overhyped P2E mechanism and the cyberattacks on its blockchain make it a risky investment.
*italic text*
Nonetheless, there are some bullish Axie Infinity price predictions done by some researchers, too. If you’re considering investing in AXS, it’s better to conduct your research. Only invest the amount you can afford to lose and take the advice from your financial advisor if you may before making any decision.



Axie Infinity Price Prediction Hurdles

The South African crypto market is about to welcome a new regulatory framework. The South African Reserve Bank (SARB) has introduced amendments to its financial laws. According to the new regulations, [Bitcoin](/coins/btc) and other altcoins will now be identified as financial assets. 

The country has long discussed whether cryptocurrencies should be categorised as financial assets or only digital currencies. Now the SARB has finalised the regulations for cryptocurrencies and introduced a ruling for them to be considered assets. 

Previously, the South African crypto market was thriving on its own. This newly introduced framework by SARB will help in regularising the market. The Deputy Governor of SARB, Kuben Naidoo, believes that there is a need for a framework to regulate the market and promote the adoption of cryptocurrencies. 

In a webinar, he further acknowledged that SA Reserve Bank has changed its stance on [digital coins](/coins) and, tokens and is now working on its regularisation of disclosures. Moreover, he provided a timeframe of 12 to 18 months for the complete implementation of the framework. But, he assured us that KYC rules and authorisation of crypto exchanges were possible earlier. 

## Key points from South Africa’s crypto regularisation 

Here are some key points from recent crypto regularisation in South Africa:
1.	All cryptocurrencies are declared as financial assets.
2.	The services related to cryptocurrencies will fall under financial services.
3.	All crypto exchanges will be provided with a licence. 
4.	The Financial Intelligence Centre Act (FICA) will monitor the country's crypto market.
5.	FICA will also oversee tax evasion and money laundering issues related to cryptocurrencies.  

## The future of cryptocurrencies in South Africa

South Africa is one of the leading countries for adopting cryptocurrency. According to the research [report by Luno Global Exchange](https://discover.luno.com/research-the-state-of-crypto-in-africa/), around 13% of the country's population owns various cryptocurrencies. However, there was no monitoring policy for the industry before the recent announcement by the Reserve Bank. 

The rules SARB has now introduced can help in the growth of digital currencies across the country. It is expected that regularisation will lead to the mass adoption of crypto in South Africa. Moreover, it will provide a robust infrastructure for investment. Besides, it will mitigate the risks and bring financial stability to the country.




South Africa crypto embraces new regulatory changes

Axie Infinity is one of the leading play-to-earn (P2E)crypto games with a high-performing P2E asset, AXS. But recently, the token has plunged below its support range, and as of 13 June 2022, it stands at only $13.20 . According to Coingecko, last year, AXS recorded its all-time high value of $164.90, and now it's gone down by 90%. Besides, [Axie Infinity](/news/article/axie-infinity-coin) price predictions for coming years forecast a declining market.

The reason for its downfall isn’t only the bearish market outlook. Several other factors are at play here - like cyberattacks and the shallow hype for P2E gaming. As an investor, you must be aware of these factors to gauge the potential of AXS. To give you an idea whether Axie Infinity will go up again or not, here are some insights! 

## Axie Infinity Economy

Before making an Axie Infinity price prediction or any investment decision , it is important to learn about how its economy works. Axie Infinity is a blockchain-based game that deals in two digital tokens; Smooth Love Potion (SLP) and Axie Shards (AXS). 

Like most P2E games, it is another idle game of the battle genre. In the beginning, players have to buy Axies to participate in the fights. For winning local fights, you can earn SLP, while tournament games would give you AXS, which is a more valuable token.  

You can also get Axies by breeding them. If you already have two Axies, you can breed them to get another one with abilities of both. In addition, you can also acquire SLP and AXS through crypto exchanges for trading. 

However, the value of both tokens depends on the demand of the Axies in the game. If the demand is low, players can trade their digital assets on different exchanges. This, in turn, negatively impacts the tokens’ price. 
 
![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_a0149b12f9.png)

[Source](https://www.decentralised.co/p/the-economics-behind-axie-infinity?s=r)

## Axie Infinity price prediction 2022, 2025 & 2030

According to DigitalCoinPrice’s Axie Infinity price prediction, at the end of 2022, it doesn’t show much rise and will be averaging $20.52. Moreover, the data indicates that in 2025, AXS's price will only reach $29.48. Comparably, till 2030, the coin does not seem too bullish as its average value in that year will likely be around $70.32. 

In comparison, PricePrediction.net suggests steady growth in the AXS price. By the end of this year, we might see it rise to around $26.71. By the year 2025, the forecast indicates that it will be averaging $88.87. Moreover, the data shows that it will cross its previous highest value in 2027. And by 2030, it will be averaging $556.99. 

## Why the sharp decline in Axie Infinity’s value?

The overall bearish trend in the crypto market can be one of the factors for Axie’s decline. However, there are two other primary reasons for its sharp decline.

1.	Hype for P2E gaming
As a torchbearer of the play-to-earn games, it has fallen short of this claim. The game isn’t quite competitive in terms of gameplay – especially if you compare it to other massively multiplayer online games (aka MMO) battle games. That’s why the player base mainly plays this game with the intention to earn rather than enjoy. 

But the game recently introduced its latest version, Axie: Origin, which doesn’t involve the AXS or SLP tokens. Though they have improved the gameplay and graphics of the game, claiming to cater to the non-crypto gamers, the version has failed to attract the masses. 
Currently, Axie Infinity has around 18,000 active players. This player count has seen a slump from over 70,000 at the start of the year. 

2.	Cyberattacks threatening the ecosystem
Cyber Attacks on the ecosystem are the other reason for a decline in the Axie Infinity price predictions. Last month, cyber attackers hacked the discord server and made a fake announcement for the minting of an Axie NFT.
Before that, on 23 March 2022, Axie Infinity blockchain also experienced grave cyber theft. This caused the blockchain to lose over $600 million worth of USDC and Ether through the Ronin Network. 

Because of these hacking attempts, gamers are becoming more sceptical towards Axie Infinity. Investing in such an ecosystem is quite risky; that’s why investors are hesitant to invest their money. 

## Is Axie Infinity a good investment?

The current Axie Infinity price predictions are in red, and its value is diminishing abruptly. It hasn’t shown any stability lately, which means higher volatility. Moreover, the overhyped P2E mechanism and the cyberattacks on its blockchain make it a risky investment. 

Nonetheless, there are some bullish Axie Infinity price predictions suggested by some analysts, too. If you’re considering investing in AXS, it’s better to conduct your research. Only invest the amount you can afford to lose and take the advice from your financial advisor before making any decision.



Hype & hacking hurdles- Axie Infinity price prediction

One of the leading Solana NFT marketplaces, Magic Eden, has announced a venture capital fund focusing on web3 games. The marketplace is looking to expand in the web3 games as it has launched an investment arm. 

Magic Eden is a Solana NFT marketplace that recently became a crypto unicorn startup. It's worth reached more than $1.6 billion. Now, the marketplace is preparing for expansion as it will focus on web3 games. The platform has announced a venture capital fund specifically for web3 games. 

## What's the gaming VC fund for Solana NFT marketplace Magic Eden for?

A venture capital fund is a pool of investments of small or medium-sized companies or startups. It is used to organise and regulate all the funds for the company's growth. Magic Eden, a growing startup that deals in Solana NFTs, has also announced a venture capital fund. 

According to the [press release](https://www.prnewswire.com/news-releases/magic-eden-launches-magic-ventures-with-focus-on-web3-gaming-301584577.html), the company has named the recently launched investment arm Magic Ventures, which is dedicated to web3 games. In addition, it will also scale up its gaming subsidiary, Eden games, through it. 

The company has diversified its team by onboarding several experienced game developers. Moreover, the company has established new partnerships with various gaming leaders.

## Tony Zhao, the head of gaming investments at Magic Eden

Besides, Magic Eden has appointed Tony Zhao as the gaming investments head. Zhao is a prominent name in this industry as he was associated with the leading Chinese game company, Tencent.  

It is expected that the appointment of Tony Zhao will help Eden games to develop its portfolio. Zhao will be working on developing web3 game infrastructures which can turn this Solana NFT market into a promising web3 games startup. 

In other news, Shanghai has developed a five-year plan that includes policies for crypto, NFTs, and also web3. Moreover, a leading video game enterprise, GameStop, has introduced its own marketplace for NFTs. Learn more about cryptocurrency, NFT, and blockchain-related news on [Moni Talks](/news). 
  



Solana NFT marketplace launch Web3 gaming fund 

Altcoins on the Rise to be showing signs of recovery, with Bitcoin up again by 7%. Its weekly gains have been around 13%. If the trend persists, it might make the highest gains in the last nine months, i.e., since October 2021.

This will be welcome news for cryptocurrency investors who have been waiting for the green shoots of recovery in the markets.

As of 8 July 2022, the price of Bitcoin is close to $22K ($21,780.04) as per [CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/). Moreover, the global cryptocurrency market cap today is around $960.69 billion. There has been an overall 5% surge in the global market cap.

In addition, the recent reassurance by the US Federal Reserve regarding recession has positively impacted both traditional and crypto markets. Consumer confidence has increased, and BTC's fear and greed index has increased to about 20 points.

## Altcoins on the Rise

Altcoins are also making significant gains as the overall crypto market is turning green. Ether, the second-largest cryptocurrency by market cap, has seen a 5% surge. However, the main reason behind its rise is the successful [Ethereum Sepolia Testnet merger](/news/article/ethereum-testnet-success).

Moreover, Litecoin (LTC) is also seeing a positive rally as its price has surged to $51.90 with an over 3% increase. The Binance Coin has been up by 7% in the last week and is trading at around $237. Meanwhile, Dogecoin and Shiba Inu also made notable gains. 

## Bitcoin Up Again

With Bitcoin  increasing in value again, we must ask, is it the end of the macro downward trend? That's what investors are hoping for.

Nevertheless, crypto analysts suggest that a small surge and the downward trend will likely continue. [@Roman_Trading](https://twitter.com/Roman_Trading/status/1545064421122269184/photo/1) explains that the hike follows similar patterns of the past eight months.

![wasay.webp](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wasay_c446773d29.webp)
 
Another analyst, @gilbertocrypto1, observes that this Bitcoin surge could be bullish if the price crosses the $23K mark. However, as of now, the overall trend is still downward.



Crypto Market Turns Green: Bitcoin Up, Altcoins Making Significant Gains Too

#Bitcoin Doubler Scam Explained

*italic text*This article will explain what [Bitcoin](https://www.monitalks.io/coins/btc) doubler scam strategies some contemporary thieves use. Hence, you stay informed and prevent getting robbed!

The idea of doubling money always sounds lucrative. It appeals to the human's inherent greed and desperation for cash. But against it, the logic will strongly warn you that it's only a temptation that can't be turned into reality.

Unfortunately, the money doubling scam has also entered the crypto world in the shape of the BTC doubler scam. It has already trapped many crypto novices and has taken their money. Bitcoin doubling sites run on Ponzi schemes and can never double your coins.

In this article, you can learn about the reality of the Bitcoin doubler scam. We will inform you about how scammers often approach you to help avoid them.            

## What is a BTC doubler?

To better understand the Bitcoin doubler scam, you first need to know what a BTC doubler is. A Bitcoin doubler is a person or a company selling you the idea that you can double your Bitcoin count instantly.

You may be asked to send your funds to them so that they can double them for you. You must not fall for this scheme!

Because as soon as they get the funds from you, you will never hear from them again. Some scammers might keep you in the loop for a while and then disappear without any update.

## Bitcoin Doubler Scam Strategies

The Bitcoin doubler scam uses many different tactics to rob you. They also perform research to target specific people by studying their pain points and using strategies accordingly. Here we have discussed the scammers' three common tactics. 

### 1.   Posing as experts

One of the strategies used for the scam is that they pose themselves as 'experts.'

A person might contact you and claim to be an expert on Bitcoin doubling. They will try to convince you by using crypto jargon and some technical terms to sound like an authority.

They might also ask you to pay them a fee. And in turn, they claim to double your Bitcoins using his self-coded Bitcoin Doubling script or technique.

Never fall for this!

Decentralised crypto, like [Bitcoin, is almost impossible to hack](https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp#:~:text=Bitcoin%20and%20Security&text=On%20one%20hand%2C%20bitcoin%20itself,bitcoin%20users%2C%20hacks%20are%20unlikely). So, always act vigilantly against this kind of doubler scam.

### 2.   The betting Bitcoin doubler scam

This type of Bitcoin doubler scam not only targets those desperate to increase their revenue but also the greedy gamblers.

They try to convince you to bet your Bitcoin by telling you there is more than a 50% chance of you winning the bet.

But the issue is that you always lose!

### 3.   The Multi-level-marketing scam

This type of Bitcoin doubler scam is the most dangerous as it is systematic. This strategy works like the pyramid scheme that operates through referral programs on Bitcoin doubler sites. They might promise you will get large commissions if you bring in more investors.

They may also provide fake testimonials to deceive you. That's why you should verify the site, regardless of who suggests it to you.

## Final Take

There is no way anyone can double your Bitcoins. That's why you need to be watchful about any Bitcoin doubler scams. Beware of those who pose as doubling experts and shady referral programs, and avoid Bitcoin gambling!


Bitcoin Doubler Scam: Learn to Save Yourself! 

Here are five of the best crypto experts and advisors to follow for authentic market insights! 

As a novice investor, you might find the crypto market too ruthless. The high uncertainty, along with an increasing number of scammers, further makes the market quite risky.

Entering it without proper guidance from an authority could result in significant losses.

That's why you must take advice from an established investor, carry out research on your own, and read well-researched articles on [Moni Talks](https://news.monitalks.io/). Always be aware that there are also many fake crypto gurus. If you started following one, it might backfire.

If you're looking for authentic crypto guidance, here's a list of the five best crypto advisors who will give insights on long-term market trends and day-to-day trading. Let's dive in!

## 1.   Vitalik Buterin

[Vitalik Buterin](https://twitter.com/VitalikButerin) needs no introduction. Being a crypto billionaire and co-founder of the second biggest blockchain, Ethereum, Buterin has seen crypto’s origin. He is an influencing figure in the crypto world and has tremendous knowledge about how it works.
Buterin shares his knowledge about crypto in [Bitcoin Magazine](https://bitcoinmagazine.com/). Moreover, he also shares his views on market trends and emerging technologies on Twitter, where he has over 4M followers.

## 2.   Sam Volkerings

One of the known figures in crypto to teach you the ins and outs of crypto trading is [Sam Volkerings](https://www.samvolkering.com/). He is an acclaimed crypto author, advisor, and experienced investor. You can get guidance from him through numerous newsletters, including [Exponentialinvestor.com](https://www.exponentialinvestor.com/), [CryptoInvestorExtreme](https://www.southbankresearch.com/crypto-profits-extreme/), and [RevolutionaryTrendInvestor](https://www.southbankresearch.com/revolutionary-trend-investor/).

Moreover, he also has been running a secret Sam Volkerings crypto network. There you will find his insights on the crypto market trends, small-cap projects you can invest in, and his investment strategies.

## 3.   Andreas M. Antonopoulos


[Andreas M. Antonopoulos](https://aantonop.com/) is another famous name in the crypto world. If you want to learn the basics of blockchain and cryptocurrencies, his YouTube channel is the best place to start. Having more than 300,000 subscribers, the channel provides informative content on crypto.

In addition, [Antonopoulos](https://twitter.com/aantonop) is also active on his Twitter, where he likes to commentate on daily crypto news and shares tips regarding trading. Currently, his Twitter account has over 730,000 followers.

## 4.   Michael Saylor

[Michael Saylor](https://twitter.com/saylor) is another famous personality in crypto. If you want daily updates about Bitcoin, in particular, you can follow Michael Saylor. Saylor has more than 2.4 million followers who benefit from his daily updates about Bitcoin.
Besides, he is the founder and CEO of MicroStrategy Incorporated. His first investment in Bitcoin was through this company, making it the first institutional investor.

## 5.   Roger Ver

[Roger Ver](https://twitter.com/rogerkver) is known in the crypto space as Bitcoin Jesus. He’s counted among the earliest Bitcoin investors, who started in 2011. Roger Ver is an experienced investor who has explored numerous blockchain startups. Besides Bitcoin, Ver has invested in Ripple, Purse.io, Z.cash, Kraken, and others. 
Roger Ver has more than 750,000 followers on his Twitter account. You can follow him there to get all Bitcoin-related updates and investment strategies.

## Final Thoughts

Stepping into the crypto’s stormy market without direction or guidance is not advisable. That’s why you must follow the best crypto experts and advisors to learn how it works and get market insights.


5 Best Crypto Experts and Advisors to Follow 

The European Union (EU) has introduced [Markets in Crypto-assets proposal (MiCA)](https://www.consilium.europa.eu/en/press/press-releases/2022/06/30/digital-finance-agreement-reached-on-european-crypto-assets-regulation-mica/), a framework for regulating the crypto market in the continent. On 01 July 2022, a MiCA reporter, Stefan Berger, took to Twitter to announce that Europe has become the first continent to have a regularised crypto policy. 

![MiCA.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Mi_CA_136bb478bb.png)

Berger mentioned that the Parliament, Council, and Commission have approved a balanced MiCA framework. In addition, he indicated that PoW technology will not be banned; however, crypto issuers will be accountable for energy consumption and its impact on the environment. 

Where MiCA regulation has rejected the ban on PoW technology, it might still affect the digital asset market in various ways. One of the most affected crypto-assets can be stablecoins like EUROC and others. 

## MiCA’s harsh regulations for stablecoins like EUROC

The EU-endorsed MiCA framework has a dedicated section for stabilising stablecoins, including the [Euro coin](https://www.monitalks.io/news/article/euro-coin). The framework has considered the recent crash of Terra Luna, a stable cryptocurrency and formed policies to protect crypto consumers. 

For this reason, the framework proposed certain strict measures that the stablecoin issuers would have to take to mitigate instability and risk. Here are the proposed MiCA regulations for the stablecoins like EUROC:


1.	Stablecoin issuers must have an adequate liquid reserve with a 1:1 ratio.
2.	Stablecoin consumers can claim the token at any time without any additional fee.
3.	All stablecoins will be supervised by the European Banking Authority (EBA.)
4.	Non-European currency-based asset-referenced tokens will be regulated to ensure Europe’s ‘monetary sovereignty.’
5.	Asset-referenced token issuers would need to register themselves in the EU. 

## The stance of Circle’s Euro coin (EUROC) 

According to the Head of Global Policy and Chief Strategy Officer of Circle, Dante Disparte believes that:

>  “MiCA regulation will be to crypto what GDPR was to privacy.” 

Though many crypto users call MiCA a crack-down on the crypto market, Disparte reflected that MiCA policy will likewise work as a guiding framework for crypto issuers and consumers. 



MiCA regulations impact on EUROC and other stablecoins

Check out our step-by-step procedure to successfully integrate Avalanche crypto with MetaMask; we have made it easier for you!

Avalanche is a platform where you can build decentralised applications (DApps) for free. It is an Ethereum alternative platform that promises secure and high-speed transactions at a relatively lower cost.

To use the Avalanche network, you must learn to integrate it with a DeFi wallet. This wallet integration is necessary as it will keep your AVAX tokens secure and help in their withdrawal. It is also important to get an Avalanche-compatible crypto wallet, like MetaMask.

However, Avalanche crypto [MetaMask](https://metamask.io/) integration can be quite tricky. Here we’ve outlined the step-by-step procedure that will assist you along the way. Let’s make this process easier for you!

## Step 1 - Setting up MetaMask Account 

Before you move on to the Avalanche crypto MetaMask integration, setting up a secure MetaMask account is essential. MetaMask is a DeFi wallet that you can easily install on your phones, whether iOS or Android. You can also get it through extensions available on Firefox and Google Chrome.

After downloading it to your device, click the **Get Started** button to set up your wallet. Now, you will get two options: create a new account or import your previous wallet. For importing the previous wallet, you must have its secret seed phrase.

A secure password is needed for a new wallet. After that, get your seed phrase and confirm it. A seed phrase is the master key, consisting of 12 words, working as a backup to your wallet. Now, you can get started with your MetaMask wallet just by clicking the **All Done** button.
 
## Step 2 - Integrating Avalanche crypto to MetaMask

Now, you can start with the Avalanche crypto MetaMask integration. The following simple steps will guide you through the process:

1.	Firstly, open the MetaMask extension or app on your device, and look for the network options. Change it from Main Ethereum Network to Custom RPC. 
2.	It will redirect you to a form through which you can change the Network name to Avalanche Network. It will further ask you to add the RPC URL, ChainID, and other details.
3.	Now, you can update the information as follows:

•	Network Name: Avalanche Network

•	New RPC URL: https://api.avax.network/ext/bc/C/rpc

•	ChainID: 43114

•	Symbol: AVAX

•	Explorer: https://snowtrace.io/

4.	Finally, it will integrate your MetaMask wallet to the Avalanche network, and now you can use it to keep your AVAX tokens.

## Step 3 - Adding Avalanche crypto to MetaMask wallet

To handle your AVAX tokens through your MetaMask wallet, you must send them to your new wallet. Before proceeding, note that you must have AVAX C-chain (Contract Chain) tokens. The X-chain or P-chain tokens are incompatible with MetaMask, and if you send them to the wallet, you might lose your AVAX.

To add them to the MetaMask wallet, firstly, open your Avalanche wallet and check the chain of your tokens. If they are on the X-chain (Exchange chain) or P-chain (platform chain), shift them to the C-chain through the ‘cross chain’ option. You can proceed with the Send option when the tokens are on the c-chain.

It will lead you to a form where you can fill in the details regarding the amount and the account to which you must send your AVAX tokens. Here, select the C-chain as your source and write the amount you want to send. Then copy your MetaMask wallet address and paste it into the To Address box. After checking the gas fee, you can proceed to Confirm, which will transfer your AVAX C-chain tokens to your MetaMask wallet.

## Final thoughts

Avalanche Network's AVAX token has been a high-performing token offering speedy transactions at lower rates. This is why many opt for the Avalanche network for daily transactions.
In this article, we have discussed the Avalanche crypto MetaMask integration process. To sum it up, initially, you need to set up a MetaMask account. Then, integrate it into the Avalanche network by changing its current network to Avalanche. Finally, transfer your C-chain AVAX tokens to MetaMask Wallet, and you will be ready to manage them through it.


Avalanche Crypto MetaMask Integration Made Easy

Amid the crypto crash, [Cardano](/news/tag/cardano) is pushing towards the Mithril update. The update can benefit the ecosystem’s security by incorporating a threshold multi-signature system. According to today’s crypto [news](https://cardano.org/news/), Cardano blockchain is about to introduce an update for better security, lesser overheads, and smooth transactions.

The proposal was presented by the lead developers of Input Output Global, Pyrros Chaidos and Aggelos Kiayias. They believe that Cardano staking can be used for multi-signature trades. In addition, the protocol might help the stake pools in signing the Cardano blocks.

Mithril’s functioning is quite different from the multi-signature system, and it can provide better transparency and efficiency. Speculation about the update led to a surge in 'crypto news Cardano' searches.

So, here’s everything you need to know about Cardano’s Mithril update!

## What’s Mithril protocol?

Mithril is a fictional metal that is lightweight yet as strong as triple steel. This is the same phenomenon that the Mithril protocol uses. It shapes a lighter blockchain but ensures a high level of security.

The previous multi-signature system requires the approval of the majority for each transaction. The logarithm to process the approval of the majority takes time, and there is room for efficiency. This is where the Mithril protocol can help blockchains with the staking mechanism for getting multi-signatures.  

## Main features of Mithril protocol design

Mithril protocol differs in many ways from the previous multi-signature mechanism for transactions. However, it is an advanced version of the multi-signature systems having 7/8 or 6/7 multi-sig wallets. Mithril protocol can weigh the Cardano tokens staked by users to evaluate how they can sign for a transaction.

The protocol works on a complex design, ensuring higher efficiency and trust in the system. Key features of the Mithril protocol include:


•	The protocol leverages the sign staking system to complete multi-signatures for higher efficiency.

•	Its setup ensures better transparency without the need for altering trust settings.

•	The trade-off between efficiency and time is used to avail flexibility.

•	It has a traceable and scalable procedure.


## Cardano staking for multi-signature transactions

It leverages the staking system for creating multi-signatures. So, for completing one multi-signature, it randomly selects different signers and weighs the number of ADAs they have pledged. Then it takes the aggregate of their stakes. Through this process, the Mithril protocol makes one stake threshold multi-signature. As the signers are selected randomly, this process can be scaled and verified.

For further clarification, you can refer to Mr. Schmiedel's explanation of how the Mithril protocol works.

## Use cases of Mithril Protocol

If you are wondering what the applications of this Mithril protocol are, here you can explore a few of its use cases! 

### 1) Full node applications like Daedalus

Mithril protocol can be highly beneficial for full node applications like Daedalus. It can speed up the synchronization while ensuring the security of the full node data. In addition, it can enhance the usage of time and resources, making the system efficient.

### 2) Mobile applications

This protocol can also be used in different mobile applications. It can offer a mechanism that works with trustless technology. Therefore, the users do not have to trust the other party or a third party to use the application. It has predefined conditions; if they are met, the application will give you the said result.

### 3) Lightweight blockchains

Mithril protocol can also work for lightweight blockchains by providing a verification mechanism. For instance, it can securely verify the forward and backward transactions and ensure efficiency. Also, it can approve the state of a blockchain by validating the Proof-of-Stake (PoS.)

### 4) Voting applications based on staking

Voting applications can also be designed with the Mithril protocol. Its threshold multi-signature can work for validating each vote to ensure transparency.

## Final Thoughts

As per today’s crypto news Cardano is moving towards implementing the Mithril protocol in their blockchain. This protocol works with the staking mechanism to multisign each transaction. It selects users at random and takes the aggregate of their ADA tokens. Through this, it creates one multi-signature for a transaction.

The Mithril protocol is more time and resource-efficient than previous multi-signature systems. Also, it ensures better security for blockchains as you can easily verify transactions through it. Its use cases show that the protocol can be highly beneficial for various web 3.0 projects.


Crypto News: Cardano (ADA) pushes toward Mithril update

*Find out the cost of 0.1 Litecoin in USD, BTC, and other cryptocurrencies below.*

[Litecoin (LTC)](https://litecoin.com/en/) is one of the oldest high-performing cryptocurrencies. It was introduced back in 2011 when Bitcoin first started seeing a surge. LTC's blockchain is also designed per the set standards of Bitcoin and has the capacity to perform transactions faster than BTC.

So far, [Litecoin](/coins/ltc) reached its highest price of $410.26 about a year ago. However, its value has dwindled now because of the bearish market. Still, the project has a good potential for investment. But because of the bearish market trend for cryptocurrencies, it would be better to start with small amounts. Here you can find out the current value of 0.1 Litecoin!

## Litecoin price today

To conduct thorough research, it is essential that you first check a single Litecoin’s price. So, as of 17 June 2022, Litecoin is worth $46.57, according to the CoinMarketCap. Besides, its current market cap is $3,285,001,233, and it is showing a 1.43% upward trend.

## The cost of 0.1 Litecoin to USD

As per the current price of Litecoin and the exchange rate, the value of 0.1 LTC is approximately $4.67. Over the past week, its value fluctuated between $4.40 and $5.30. On the other hand, according to the Litecoin price predictions for July, it can reach up to $6.

## 0.1 Litecoin exchange rates for other cryptocurrencies

You can also convert your Litecoins to other crypto tokens or buy LTC with them. Here are the LTC exchange rates for some of the other cryptocurrencies!

## The cost of 0.1 LTC to BTC

You might also want to convert your Litecoins to Bitcoins. Here is the conversion of 0.1 LTC to[ BTC](/coins/btc). The current price of 0.1 LTC converts only to 0.000224 BTC. Both Litecoin and Bitcoin are going through a declining curve. And so, it can be challenging to predict their conversion rate for the coming days.

## The cost of 0.1 Litecoin to PKR

If you need to buy Litecoin through Polker coin, you must know the conversion from LTC to PKR. As of now, the cost of 0.1 LTC in PKR is 476.146. In the previous week, this price varied between 380.525 and 476.146.
## The cost of 0.1 LTC to ETH

Here is the conversion if you want to study the worth of 0.1 Litecoin in ETH at the current rate. As of today, the exchange rate for 0.1 LTC to ETH is 0.00427.
Now that you know the cost of 0.1 Litecoin to USD, please don't buy or sell without conducting your research. This article contains no financial advice. Please refer to your financial advisor or carry out research before investing.


What is the cost of 0.1 Litecoin in USD?

## Here, we rank the top 5 Solana NFT marketplace options based on their unique specs. Find out the pros and cons of each of them below!

Ethereum has shaped and dominated the non-fungible token (NFT) market for years. It is considered a pioneering blockchain for these digital assets. But lately, its dominance is shrinking with the availability of more efficient blockchains.

Solana now has become an increasingly popular alternative to Ethereum. It is much faster and requires low transaction fees. That’s why many NFT marketplaces have already emerged for Solana NFTs. Besides,[ these marketplaces](https://decrypt.co/101342/solana-overtakes-ethereum-daily-nft-trading-trippin-ape-tribe) are even overtaking Ethereum in NFT trading.

If you're looking to explore Ethereum alternatives for minting NFTs, you can review the best Solana NFT marketplace options here.

## What Distinguishes Solana from Ethereum?

Before we review the best NFT marketplaces based on the Solana blockchain, we must understand how Solana differs from Ethereum. Here’re the key differences:

1.	Solana can handle 65,000+ transactions in a second, much faster than Ethereum’s limit of 30 transactions per second.

2.	Solana blockchain offers much lower transaction fees in comparison to Ethereum.

3.	Unlike Ethereum’s Proof-of-Work (PoW), Solana operates with a mix of both; Proof-of-History (PoH) and Proof-of-Stake (PoS) mechanisms. This makes the systems energy-efficient and less harmful to the environment.

## Five best Solana NFT marketplace

Across the wide range of NFT marketplaces, you can review the best NFT marketplaces based on the Solana blockchain here!


## 1) Magic Eden

Magic Eden is one of the most well-reputed Solana NFT marketplaces. It allows the trading of Solana NFTs with a low transaction fee of only 2%. It also ensures an efficient transaction process. Besides, if you make a sale on Magic Eden, you can instantly set out your royalties.

Currently, Magic Eden is only approving limited projects to maintain quality. It’s quite an intuitive platform that works with every Solana wallet. The platform also runs a unique collection called Magic Ticket for showcasing its digital assets. Also, it has a separate NFT gaming section, where you can create different in-game objects.

### Pros

•	Low transaction fee

•	Compatibility with nearly all Solana wallets

•	Gaming section


### Cons

•	Approves lesser number of projects


## 2) DigitalEyes

The first NFT marketplace for trading Solana NFTs is DigitalEyes and comes second on our Solana NFT marketplace rankings. It is another popular platform where you can trade your SOL-based NFTs with ease. The platform offers various NFT collections, and if you become the first buyer of any NFT, you can earn profit through its resale.
Moreover, the platform has a mint calendar that gives you updates for the coming NFTs. It creates anticipation for the projects and allows buyers to learn about the upcoming NFTs. However, DigitalEyes charges you a slightly higher transaction fee of 2.5%. An additional fee is payable for royalty on this platform.

### Pros

•	Variety of NFT collections

•	Supports numerous Solana wallets

•	Easy-to-navigate


### Cons

•	Slightly higher transaction fee (2.5%)

•	Extra fee for royalty


## 3) Metaplex

Metaplex can be a good option if you don’t want to list your SOL NFTs on competitive marketplaces. This platform allows you to design your own storefront to market your NFTs. Because of that, you don’t have to follow the set criteria of a platform and enjoy the freedom to showcase your collection as you like.

In addition, you can trade NFTs on this platform via this decentralised platform. Your marketing fee will also reduce as you trade more NFTs. Unlike most marketplaces, Metaplex provides numerous incentives to NFT creators. This is why it has become an affordable option for marketing your collection. 

### Pros

•	Allows separate and creative storefronts

•	Give incentives to NFT creators

•	Secure transactions

•	Affordable marketing cost


### Cons

•	Supports fewer wallets

## 4) Solanart

Among the best marketplaces based on Solana, Solanart is another popular name. It is the biggest Solana NFT marketplace in terms of the collections it offers. The platform features an array of diverse Solana NFT projects. Among them, the notable ones are Aurora and Degenerate Ape Academy.

Other than the collections, Solanart also ensures efficient transactions. Besides, you can integrate any of the Solana wallets with this platform. However, Solanart has one disadvantage: the high transaction fee. It charges you around 3% on each NFT trade, which is higher than most other marketplaces. As an NFT creator, you’ll also have to bear the additional royalty charges.    

### Pros

•	A diverse range of Solana NFT projects

•	Smooth and secure transactions

•	Integrates with most of the wallets

•	Intuitive interface

### Cons

•	Charges 3% transaction fee

•	An additional royalty fee for NFT creators

## 5) SolSea

SolSea is one of the most used Solana NFT marketplaces, as it supports both creators and buyers. The platform features many creative NFT projects that have earned great recognition. Moreover, SolSea features NFTs that support SPL (Solana Program Library) tokens and provide rarity rankings, too.

It is easy to navigate and allows the effortless integration of artwork licences to your NFT collections. It also offers numerous handy features like the SolSea calendar that reminds you of the upcoming NFTs, and for managing finances, there is MoonPay and FXT-pay.

However, SolSea is quite expensive in terms of the transaction fee. It charges 3% on each transaction and an extra royalty fee from NFT creators. Nonetheless, the features it offers justify the high prices.

### Pros

•	Effortless licence integration

•	Rarity rankings

•	SPL compatible NFTs

•	MoonPay and FXT-pay

•	Reminders for upcoming NFTs


### Cons

•	3% transaction fee

•	Royalty fee

## Final Thoughts

The NFT market has been shaped and ruled by Ethereum since the beginning. Though it still holds a large market share, few other blockchain-based marketplaces are also emerging. Among them, Solana is the leading blockchain as it offers faster transactions with lower fees and has energy-efficient systems.

In this article, we reviewed the best NFT marketplaces based on Solana. According to our rankings, Solana NFT marketplace Magic Eden can be the ideal choice for you. It charges much less for transactions and can be integrated with many Solana wallets. Moreover, DigitalEyes, Metaplex, Solanart, and SolSea are also worth exploring marketplaces, as they make up our list of the top 5 Solana NFT marketplaces till today!



Review the Best Solana NFT Marketplace Options

On Tuesday, 28 June 2022, [RIA Novosti, reported](https://ria.ru/20220628/aktivy-1798704057.html) that the Duma state, the lower house of the Federal Assembly of Russia has introduced a bill for taxation on the trading of digital financial assets (DFA.)


## Annual 13% tax on crypto exchanges in Russia

Previously, Russia ‘s company tax rate is 20%. According to the bill, for an initial 5 million rubles annually, 13% company tax rate will be applicable for trading through Russian exchanges. A 15%  tax rate will be applicable if the amount exceeds this limit. Whereas foreign exchange operators will be charged 15%.

Moreover, the approved crypto taxation bill in Russia also establishes that there needs to be specific laws that can ensure transparency in crypto business and trading. In addition, it provides a complete tax procedure that will help shape Russia’s digital economy.  

## Russia to leverage crypto, bypassing sanctions.

As Russia and Ukraine are at war, Russia is facing harsh sanctions worldwide. They are looking to leverage the crypto market and blockchain technology to escape economic isolation. 

Russia did not initially favor the cryptocurrency and digital assets market. The recent sanctions have severely affected its economy, and now the country is looking to ease its policies for crypto trading. It is expected that digital financial assets trading will strengthen Russia’s overall economy. 

Nevertheless, the bill is yet to be reviewed by the upper house of the Russian parliament. It requires the approval of President Vladimir Putin. But the question is, will the use of crypto and other digital assets be beneficial for Russia in bypassing Western sanctions? 

In case positive crypto policy is not enough, Russia has announced it will be accelerating the launch of its stable coin, the digital ruble by April 2023. Russian Central Bank first deputy chair Olga Skorobogatova [stated in an interview](https://cointelegraph.com/news/russian-duma-passes-bill-to-remove-vat-lower-income-tax-rates-on-digital-asset-sales): 

> I think all self-respecting states will have a national digital currency within three years. […] We should be ready as soon as possible. Plus, this will settle the issue of being blocked from SWIFT, because this integration will make SWIFT unnecessary,”




Russia using crypto to bypass sanctions

Are you curious about the potential of [Cryptogrind](https://crypto-grind.com/) and its workings?

Cryptogrind is an easy and secure platform, helping users to find freelance services or pay for jobs using [Bitcoin](/coins/btc).
Almost everyone knows the potential freelancing carries for us, especially in the post-Covid era. The days are long over when it was considered only a $5 job. There's even the possibility of earning in crypto while doing freelance projects.

As a freelancer, the idea of Bitcoin freelancing can be quite lucrative. But, how do you land clients ready to pay you in Bitcoin?
A relatively easy option for you to find crypto-minded employers and freelancers in one place is Cryptogrind. It is a platform where you can offer your services to earn in Bitcoin. So, if you're wondering how it works and whether it's legitimate or not, here's a thorough Cryptogrind review!

## What does Cryptogrind do?

It is a freelancing platform, just like Fiverr or Upwork, but it deals in Bitcoin only. You can join it either as an employer or a freelancer to get services or get paid in Bitcoin. Users can offer any freelance services and can find jobs for it. This crypto jobs board covers all major domains like - digital marketing, graphic designing, writing, web designing, videography, and more.

Cryptogrind is an easy-to-navigate site with an intuitive interface. You can enter its directory and post or apply for jobs according to your skills. Besides, it provides a secure path for payments through Escrow. If you are a freelancer, you can enjoy its services for free. But, as a recruiter, you might have to pay a small amount for posting each job.

## Prominent features of Cryptogrind

The platform offers various features that will help you in your freelancing journey. And if you're an employer, finding resources would be a straightforward task for you on this platform. Here why you should consider giving it a try:

1.   Expanding jobs and freelancers directory
The platform offers you an expanding directory of both jobs and freelancers. It allows employers to post as many jobs as they want in a number of domains. And freelancers can register themselves for as many services as they like.
2.   Intuitive interface
Its user interface is quite user-friendly, meaning there's no necessity to be tech-savvy to work on this platform. And if you face any technical issue or payment disputes, its 24/7 customer support can help you resolve such concerns.
3.   Payments in Bitcoin
A unique feature of this platform is that all the payments here will be in Bitcoin. You will be able to secure jobs that pay you in Bitcoin and can get services by paying in Bitcoin. 
4.   Escrow secure transactions
The platform performs the role of an escrow between the employer and the freelancer. It allows transparent transactions by ensuring freelancers render services as per the agreement. It also assures that employers pay freelancers the agreed amount for their services.
The platform also has a multi-signature feature. This feature allows it to access the Bitcoin blockchain for payments. That’s why you won’t need to manage a hot wallet to keep your money secure.   
5.   Referral bonuses
Cryptogrind provides an extra earning opportunity through its referral program. If you introduce the platform to others, you might earn a 2% commission for each individual who starts using it.

## Is Cryptogrind still operating?

Unfortunately, Cryptogrind isn’t operating currently. According to its official Twitter account, the platform is going through some maintenance. There is no information about the measures the company is taking right now. There’s no specified time for its relaunch.

The platform has been working since 2014, but in 2021, it halted all its operations. It’s the main reason that has raised many questions about its legitimacy. People have lost trust in the ecosystem. Thus, many have moved towards Cryptogrind alternatives for consistent Bitcoin freelancing.

## Final thoughts: Is Cryptogrind legit?

Cryptogrind is one of the earliest names in Bitcoin freelancing. It has been in the business since 2014 and was a popular choice for both recruiters and freelancers. It offered a variety of features that helped in promoting Bitcoin freelancing. The platform enabled freelancers to create profiles and earn Bitcoin.

But, the platform has stopped its operations since 2021 for maintenance purposes. This made some people skeptical about its legitimacy. Nevertheless, many recruiters and freelancers have benefited from this platform. The security it ensures for transactions is another reason to trust the ecosystem. That’s why if it becomes functional again, it can be an excellent platform for Bitcoin freelancing.


Cryptogrind: Bitcoin Freelancing

## Stablecoin GBPT to be launched and rolled out across the best crypto exchange offerings in the UK 

The controversial cryptocurrency, Tether, is going to launch another stablecoin which will be made available on the best crypto exchange offerings in the UK. It will be pegged to the UK pound like [Tether (USDT)](/coins/usdt) is to the US Dollar. Previously there have been numerous coins pegged with different fiat currencies like US Dollar, Chinese renminbi, Mexican peso, euro, and others. 

![COinGecko GBPT stablecoin](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coin_Gecko_GBPT_3d49ca1662.jpg) 

(Coingecko, Twitter, 22.06.2022)

Pound-pegged stable coins will be available on the best crypto exchanges in the UK, including Binance. However, in the beginning, GBPT will be launched on the Ethereum blockchain in July. 

The launch of the UK pound pegged stable coin It further promotes stable cryptocurrencies. Moreover, it will help transform the UK market into a crypto hub. The chief technology officer of Tether, Paolo Ardoino, says that he believes “the UK to be the next frontier of blockchain.”

After the Terra Luna debacle, there has been a significant decline in using USD-pegged stable coins. Therefore, if executed correctly, it can be an attempt to revive stable digital currencies, restore trust and accelerate mass  adoption.

Moreover, Tether’s rival, Circle Internet Financial, which introduced the stable coin USDC (USD Coin), recently announced the introduction of a token pegged to the European currency. Circle’s coin is named Euro coin (EUROC), which is backed from Euro-dominated reserves. Closer to home, in the Isle of Man, where MoniTalks is head quartered, Blackfridge is developing a [poundtoken ](https://blackfridge.im/stablecoin/) too.

This token is also looking to counter the efforts of UK’s [Central Bank Digital Currency (CBDC)](https://www.bankofengland.co.uk/research/digital-currencies), which is a state-issued stable token. Moreover, the Bank of England is already discussing the introduction and regulation of stable coins in the market; this can be an opportunity for Tether’s UK pound-pegged coin to make a mark. 





Stablecoin GBPT launched on best crypto exchange UK

A leading social networking platform, WeChat is reinforcing China’s strict policies for crypto and NFT trading. The platform will be increasing the surveillance on accounts connected with crypto tokens or digital assets. Following the policy change, web WeChat has also banned a few accounts that were involved in trading NFTs.
A crypto reporter, Colin Wu ([@WuBlockchain](https://twitter.com/WuBlockchain/status/1538839036583784448?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1538839036583784448%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fchina-s-wechat-bans-crypto-and-nft-related-accounts)), from Hong Kong, first highlighted the WeChat update. On 20 June 2022, Wu identified the change in its code of conduct section. 

## Web WeChat updated its policy for crypto and NFT trading 

WeChat has updated its terms and conditions for digital assets trading. The platform introduced the policy regarding the prohibition of crypto and NFT trading accounts in the Code of Conduct section.
As per the recent update, any involvement with digital tokens or assets will be against web WeChat’s policies. Now, it will be an offence against the law to trade NFTs and crypto tokens on the platform. 

## Key points from web WeChat update

Here are some of the key points from the WeChat update for the activities related to crypto and NFTs:

1.	Business through cryptocurrencies is prohibited.
2.	Sharing information regarding any transaction involving cryptocurrency is not allowed.
3.	Digital currency derivatives, aka non-fungible tokens trading, are also prohibited.
4.	Digital assets’ secondary transactions will be illegal. 
 
## Crypto activities might lead to ultimate ban from web WeChat

With the current development regarding a [Dogecoin](/coins/doge) investor suing the CEO of spaceX and Tesla, Elon Musk, for $258 billion, and Tech Giants like Bill Gates and Warren Buffet questioning the worth of Bitcoin, web WeChat is enroute to distance itself from the tech.

Now, accounts might face a permanent ban if they are observed to be involved in transactions related to digital currencies and assets. However, in the beginning, the platform will allow users a rectification period and will limit the features of the platform. 

If the user fails to comply with the rules, the account will be permanently banned by WeChat. In addition, the severity of the violation will determine the action web WeChat officials take against the account. As WeChat has over 1.1 billion users in China, this move reiterates China's strict policy against crypto. 

 





Web WeChat to ban users for crypto and NFT trading

This guide will help you learn about the best crypto games and how to earn money with play-to-earn digital games. 

Every gamer wishes to make some money while doing what they do best - playing video games. Because of crypto gaming, it is now possible to play to earn in games now.

Crypto games where you can play to earn have opened a new dimension to the gaming industry. Now, you can not only enjoy free-to-play games but can also make earnings while playing them.
These play-to-earn games deal in decentralised crypto tokens. The tokens work as in-game currencies, which you can liquidate into real cash, too.

If you're new to blockchain technology, you might find it a bit confusing. This is a guide on how to earn crypto playing games and some of the best crypto games to explore!

## Can You Really Earn Money Playing Crypto Games?

To most people, these games sound like a Ponzi scheme, and they often question, "are play-to-earn crypto games legit?". The short answer to that is yes.

These are blockchain games that allow you to earn in-game crypto coins. Through those coins, you can either buy other in-game accessories or can save the amount in your crypto wallet.
Most often, these play-to-earn crypto games require initial investments, and that’s where most people become hesitant. However, this investment works the same way as the investments for any other cryptocurrency.

## What's the Process?

Simply put, you buy an in-game character or item that can be an [NFT](/news/category/nft-news) and play the game through it. As you progress, you get in-game crypto coins. This way, you can earn crypto playing games and make large profits on your crypto investments.

## Understanding Play-to-Earn Crypto Games

Play-to-earn crypto games have an economic system that works on blockchain technology. A blockchain is a database where you can store digitised data as blocks of information. Cryptocurrencies leverage this technology in the best way. The reason for that is to make it a safe and secure alternative to standard currencies.

Information on blockchains is unchangeable. So, it provides transparency for each transaction in the blockchain. Also, as blockchains are decentralised, there is no single authority to control them, and all the users share their control.

You will find many play-to-earn crypto games now having their cryptocurrencies. They can either be free-to-play games or might need an upfront investment. Nonetheless, you can make profits from it by playing the games. These play-to-earn games run on a rewarding system. So, when you complete a mission or challenge, you get rewards in the game’s native cryptocurrency or NFTs.

## What’s the Purpose of NFTs in Blockchain Games?

Non-fungible tokens, or NFTs, are not only digital pieces of art, but they have several other real-world uses as well. One of which is their role in the gaming world. In gaming, an NFT can be your playable character or an in-game item that helps you in the gameplay. NFTs are the in-game currency instead of crypto tokens in some play-to-earn games.

When you play crypto games, you have to buy these in-game NFTs at the beginning of the game. These NFTs become your digital assets and let you earn profits. As you advance through different levels or complete quests, you can get in-game currency, aka NFTs, as rewards.

The best thing about NFTs in play-to-earn games is that they have real-world value. When you own an in-game NFT, you can also trade it for real money. Besides, as your digital assets live on an immutable ledger, your transactions will be secure. So, you can sell, buy, or rent the in-game NFTs as per your wish.

## Best Crypto Games to Make Money: The Top Five!

Now that you know the potential of crypto gaming, you might be interested in earning crypto by playing games. So, here’s the list of the best crypto games that you might want to explore to make large profits!

### 1. Axie Infinity
Axie Infinity is a leading play-to-earn crypto game. It is an NFT-based game that deals with two Ethereum currencies. The first is SLP - Smooth Love Potion - and the second is AXS - Axie Infinity token. AXS token has a higher value which is $21.65. On the other hand, the SLP value is relatively low, only $0.005587.
Axie Infinity is of the battle genre. There are different NFT characters, which you can buy and start playing the game. These NFT characters are Axies, who accompany you like your pets as you compete in battles.
The entire in-game economy of Axie Infinity revolves around Axies. You can breed them, raise them, and can trade the accessories. However, your main goal for earning more is to collect as many Axies as possible.

### 2. [Illuvium](https://www.illuvium.io/)
For a crypto game that can earn you high profits, Illuvium is worth trying. It is another NFT-based game where you can collect NFTs to earn crypto. The game’s cryptocurrency is referred to as ILV. ILV’s one token is worth $303.74, which shows the game’s immense potential.
Illuvium is a sci-fi auto battler game having seven adventurous alien landscapes. It works on the Ethereum blockchain and has a variety of collectibles. These collectibles include alien creatures called Illuvial.
Illuvium’s gameplay involves capturing and training Illuvials to form a strong team. You will have a better opportunity to earn ILV tokens when you complete its PVE quests, gain special achievements, or win tournament games.

### 3. Decentraland
Decentraland is one of the most popular titles among metaverse games. It is also a play-to-earn game that offers a stable crypto token, MANA. You can consider investing in MANA to generate a steady income stream. Currently, one MANA is around USD 1.19 and shows potential to make further gains.
This game offers a 3D virtual reality platform where you can build anything you like. From an e-store to a separate Decentraland game - you can build it all. To earn through this game, you have to buy a piece of land and wait till its price appreciates.
However, Decentraland also offers several other crypto earning streams. It includes developing your games, organising events, minting NFTs, or working for other landowners in the metaverse.  

### 4. The Sandbox
Another popular play-to-earn game cryptocurrency is SAND from The Sandbox game. Like Decentraland, the Sandbox is a metaverse platform. Its crypto token, SAND, is a stablecoin, having a current price value of USD 1.34.
 
On Sandbox, anyone can create games, as you do not need coding knowledge for its development. Moreover, if you are an artist, you can create NFTs with its VoxEdit tool. But for minting them, you would need approval from the creator’s fund.

The crypto earning streams, the Sandbox offers to mint NFTs and buy land to create castles or gaming experiences. It also allows players to buy a piece of land in the metaverse.

### 5. [Pegaxy](https://pegaxy.io/)
Pegaxy is a futuristic racing game based in the Pegasus Galaxy. In Pegaxy, players buy Pega (horses) to compete and win the races and collect Vigorus (VIS) – the in-game crypto token. As of now, VIS does not have a high real-world price, but the game looks quite promising.

Pegaxy has immersive visuals and involves competitive gameplay. The game has PvP mode, where you can compete with your own pega. When purchasing pegas, you have choices; the game offers a wide range of pegas with different characteristics. Besides racing, you can also breed pegas or rent them to earn more coins.

## Conclusion

Crypto has unlocked a new dimension to the gaming world. Now you can play games and earn crypto simultaneously. The gaming industry now has a genre of play-to-earn crypto games that have their own crypto tokens. These games reward you with digital assets that can be in-game currency or NFTs. You can trade or liquidate these digital assets for cash, as they are worth real money.
Exploring some of the best crypto games might be an excellent idea for any gamer looking to play and earn money!


Play-to-Earn Games: Can You Make Money?

Interested in mining cryptocurrencies and becoming a contributing member of the blockchain? In that case, you might want to learn more about the best crypto miner.

Over the past few years, the culture of investing in crypto has become quite popular. To make money from crypto, you have two options; trading and mining. Trading crypto coins is convenient and more accessible. Whereas crypto mining is expensive but a lucrative option.

Though investing in crypto mining is a big-budget task, investors find it highly rewarding. How to become a miner? You have to set up a crypto mining rig through which you can mint coins and become a contributing miner of the blockchain. A rig needs both mining hardware and software.

Wondering what the best crypto miner is? We've listed the best mining software and hardware to help you set up your own mining rig.

## Best Crypto Mining Hardware

Crypto mining hardware uses various specialised technologies for mining cryptocurrencies. The recent ones mostly rely on GPUs (Graphics Processing Units), ASIC (Application-specific Integrated Circuit), or FPGA (Field Programmable Gate Array).

Here's some of the best crypto mining hardware you might want to invest in!

1. Antminer S19 Pro
Antminer S19 Pro is a highly advanced device for mining [Bitcoins](/coins/btc) and SHA-256 coins. The device offers you a solid efficiency of 29.7 j/TH, with which you can earn $12 daily. Besides, it has the potential to generate revenue of up to $10,000 yearly. Because of that, it gives you a 195% return on your annual investments.
This ASIC-based miner can work in an environment with 5 to 45 C. S19 Pro maintains the hash rate of 110 TH per second. The device will need 3250W and costs around $0.1 per kilowatt. But, the efficiency and return rate makes this device ideal for crypto mining.

2. DragonX WhatsMiner M30S++
DragonX WhatsMiner M30S++ is another powerful hardware for mining crypto. This device also uses the ASIC system and can generate 86Th per second. It features three chipboards and has a chip size of 8nm.
WhatsMiner M30S++ can mine Bitcoins along with 9 other SHA-256 coins. It has an ethernet interface, and it does not require software or host computers. M30S++ works between 200 to 240 volts and consumes around 3600W.

The device lets you earn around $12 daily, and you can accumulate up to $4,350 every year. Also, it offers you an efficiency of 0.038j/GH. However, M30S++ is not the ideal choice in terms of energy consumption, and it operates best for advanced mining purposes.

3. AvalonMiner 1166 Pro
AvalonMiner 1166 Pro is one of the best crypto miners for its hash rate. The device is also an ASIC, capable of dealing with 81TH per second. You can use 1166 Pro for the mining of Bitcoin, Bitcoin SV, Bitcoin Cash, and other SHA-256 currencies.
This AvalonMiner can earn you around $3 daily and maintain an efficiency of 0.042 j/Gh. It costs only $0.01 for each kilowatt consumption and generates over $1000 revenue annually. With this miner, you can make substantial profits by mining Bitcoin and other cryptocurrencies.

## Best Crypto Mining Software

Once you have invested in the right hardware for your crypto mining rig, the next step is to choose some of the ideal mining software or apps to begin mining. Here are some of the best crypto mining software you might consider!

1. CGMiner - Overall best mining software
CGMiner is the best crypto miner because of the customisation power and the compatibility with many mining systems. It is an open-source platform with cross-platform compatibility. With this software, you can work with Windows, Linux, and macOS for mining.

CGMiner not only supports several devices, but it can also work with different crypto mining pools. Its interface is command-line, which is based on the C language. With simple one-line commands, you can track system performance and adjust settings.

Apart from that, CGMiner can also work with varying hash rates without affecting its functioning. Also, the software is always prepared for network disruptions, as it has a cache and archive to save the data. It is an ideal free crypto mining software you can use with your different devices.

2. MultiMiner - Best crypto miner for beginners
MultiMiner software offers a highly intuitive interface that is best for beginners. It comes with an easy-to-navigate GUI. A novice would be able to navigate through the app easily.
Moreover, MultiMiner can work with varying systems, including Windows 10, Linux, and macOS. But, for macOS and Linux, you might need extra apps for installation. Besides, it can support all hardware, including GPU, FPGA, or ASIC.

When you set up the software, it can automatically detect what hardware you are using. According to that, it gives you options for coins you can mine and the method you would use for mining.

3. [Awesome Miner](https://www.awesomeminer.com/) - Best for large scale mining
If you want to step into crypto mining at a larger scale, Awesome Miner would be an ideal choice for you. This miner can work with over 200,000 ASICs along with 25,000 GPUs and CPUs. With this much capacity, Awesome Miner offers you great scalability.

Other than scalability, you can also have a system to manage your crypto-mining rig centrally. In addition, you can ensure efficiency and maintain revenue. The software also allows you to keep track of your income, power consumption, temperature, and other features.

It is a cross-platform software that can support the mining of several currencies. Moreover, it has the auto-recovery feature that ensures the least downtime. Besides, Awesome Miner lets you access all these features for free. That's why in a large-scale crypto mining setup, this software can be pretty handy.

Conclusion

Crypto mining has become a popular trend. The reason is that it allows you to mine crypto coins and makes you a contributing member of the blockchain who enjoys distinguished benefits. However, crypto mining is a big-budget task; that's why you need to be diligent about how you set up your crypto mining rig.

For this reason, it's important to get familiar with both mining devices and apps to help make the right decision. One way to achieve this is by going through our list of some of the best crypto mine hardware devices and software you can invest in to make better profits.


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Author: Wasay Ali

Author: Wasay Ali | Page 10

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