Seeking Alpha
2022-05-11 13:58:43

BTCS adds gaming-focused crypto Axie Infinity to its blockchain operations

BTCS (NASDAQ:BTCS) on Wednesday has expanded its blockchain infrastructure operations with the addition of Axie Infinity (AXS-USD), a blockchain-based gaming cryptocurrency. Axie Infinity (AXS-USD), which was inspired by popular games like Pokémon, enables players to participate in governance proposals and claim staking rewards. It also allows players to collect, battle and trade token-based creatures called Axies. Meanwhile, BTCS (BTCS) said it has completed the technical work to run an Axie Infinity (AXI-USD) validator node and included it in its planned Staking-as-a-Service platform. The company has staked (the process of hoarding coins to generate rewards) 28,794 Axie infinity tokens. “We believe that blockchain gaming can shape the future of the entire gaming industry with Ethereum-based games like Axie Infinity leading as frontrunners," said BTCS CEO Charles Allen. "Axie Infinity changes the way people play games, going from something that is just fun, to something that has actual monetary value," he added. In

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.