Rivernity's blockchain-powered NFT store Vexanium has chosen to focus more on the gaming and entertainment industry. Rivernity has partnered with game developer Dekaron, which recently collaborated with LYTO, a game developer from Indonesia.
Even though Rivernity is a newcomer to the hot NFT marketplace industry, the daily published NFT transactions have reached 500 thousand VEX per day. Rivernity is also still in beta, but is expected to spark the interest of many users, especially from Indonesia.
“Initially, we focused on NFT in the art category. However, considering the current dynamics and trends of NFT, we chose to focus on the gaming and entertainment industry. This field is intended to expand Rivernity's use cases and VEX crypto," said Yosano Ishaq, Co-Founder of Rivernity, Thursday (14/4/2022).
Historically, NFT's debut began in 2017 with the slick game Cryptokitties. However, a new chapter with wider usage took place in 2020, thanks to widespread adoption by world celebrities, companies, musicians and so on.
The thriving world of gaming and entertainment has also become a good foundation for NFT to be integrated into. From here we know the term Play-to-Earn (P2E). The peak is now also found in the metaverse which is looked at by banking and financial companies as a way to strengthen their brand.
“Because of this market value, investment bank Jefferies projects the growth of the NFT to US$35 billion by 2022 and more than US$80 billion by 2025, with blockchain playing a very large role in it,” explains Danny Baskara, Founder of Vexanium.
Yosano added that Rivernity was developed by a team from Indonesia and for the NFT ecosystem in Indonesia.
“To realize our new focus on gaming and entertainment, we have partnered with game developer Dekaron, who recently collaborated with LYTO, a game developer from Indonesia. Later the NFT used in the Dekaron game is the NFT published on Rivernity and will be widely used in the LYTO ecosystem. The NFT represents a number of objects in the game, ranging from game characters, digital items and so on,” added Yosano.
Powerful speed and transaction cost efficiency are the keywords of the blockchain of the future, especially in the face of this huge NFT industry.
Because the Vexanium blockchain supports Delegated Proof-of-Stake (DPoS), NFT transactions and issuance take place much faster than other blockchains. This also has a positive impact on the environment, because it does not consume excessive electrical energy as in blockchains that adhere to Proof-of-Work (PoW).
“Rivernity is open to anyone who wants to publish and trade NFTs. Other users can join the Crowdloan program to get a governance token that can be used in the Rivernity ecosystem, namely the RIVER token.
RIVER is not offered through a typical crypto sale scheme, but can be obtained for free by stake VEX crypto. The program was launched in the first quarter (Q1) of this year.
Follow Daily Post on Google News to update information quickly. Thank you for visiting our website..!! Don't forget to share any information to help develop our website..
