The new era of the internet is here and it is growing fast. Web 3.0 is the new paradigm in web interaction, a shift from centralized companies controlling the internet to a decentralized internet that is powered by blockchain technology. Transparency is the major advantage of Web 3.0.
Some of the use cases of Web3 are Decentralised Autonomous Organisations (DAOs), Decentralised Finance (DeFi), Stablecoins and Central Bank Digital Currencies (CBDCs), private and digital infrastructure, and creator economy enablers like NFTs and blockchain-based games.
Of all these use cases, gaming has been proven to be one of the best ways to onboard the next billion users into the metaverse and this is because of its high level of engagement.
However recently, a worrying trend has emerged —almost all game-based economic activity is centralized, giving developers and publishers the rights to everything going on within their games and billions of dollars generated from the sale of in-game content, digital items, and subscriptions which means that the vast majority of players like you and I have few ways to share in the value. But all this is changing thanks to Web 3.0.
As a gamer, you can now get rewarded through predict-to-earn models. A great example of such models are Axie Infinity – a metaverse game where players compete with each other by spitting their pets called “Axies” in battles and PlotX – a skill-based X-2-Earn GameFi ecosystem with a low barrier to entry, little cost, and fast setup time.
How PlotX Platform Works
Image: PlotX (Medium)
PlotX is an X-2-Earn model that allows you to make predictions and earn a reward by leveraging your knowledge and focusing it on financial gain. PlotX V1, a decentralized non-custodial Predict2Earn protocol, was launched on the Ethereum Network and dubbed as Uniswap of Prediction Markets. PlotX is a cross-chain decentralized X-2-Earn GameFi ecosystem for crypto traders that makes it easy for regular non-tech people to earn money from predicting the price of coins such as Bitcoin, Ethereum, BNB, Shib, Doge, and more.
Currently what users get is PlotX V2, a scaled solution that uses Polygon. The platform uses $PLOT as its utility token.
What gives PlotX an edge over other platforms is its ability to perform gasless transactions along with its cutting edge features such as Guaranteed liquidity, Cross-chain swaps, etc.
Furthermore, it hosts six crypto markets as of now (BTC, MATIC, SHIB, DOGE, ETH, and BNB). Users get to explore 1 hour/day/week markets for quick turnarounds. Along with prediction markets, it has its research forum where the community gives feedback on the current platform.
What Makes PlotX Different From Other Platforms?
- $5 and 5 minutes: PlotX has the lowest barriers for Web 2.0 audiences to enter the Web3.0 world. When you sign up, you get $5.
- X-2-Earn: PlotX wants to create crypto earning opportunities for all the different audience types in emerging economies – Play2Earn, Predict2Earn, Stake2Earn are the variants right now, but the plan is to keep coming up with different options targeted at different demographics.
- Play2Earn: PlotX is gearing up to launch Play2Earn. The new Play2Earn variant will build on the current Predict2Win application and will open up multiple new categories with rewards in both $PLOT and NFTs.
- Gateway to Web 3.0: For all the latecomers to the crypto party who want to get into the game but are unsure both in terms of their crypto knowledge as well as a bankroll, PlotX provides a platform for them to build confidence at a minimal entry cost. The Play2Earn model will further build on this vision.
Conclusion
With platforms like PlotX, you can now use your skills to predict outcomes & win rewards. PlotX’s website has an easy-to-use interface that makes creating cryptocurrencies’ price predictions fast and efficient for beginners and experts alike.
