Home Community Insights Moshnake, Polygon, and Decentraland: 3 Ethereum-based Tokens to Dominate the NFT Marketplace

Moshnake, Polygon, and Decentraland: 3 Ethereum-based Tokens to Dominate the NFT Marketplace

Moshnake, Polygon, and Decentraland: 3 Ethereum-based Tokens to Dominate the NFT Marketplace

The Ethereum network has been a popularly used blockchain for dApps and token launches, as it boasts the ability to create secure smart contract transactions between sender and receiver. The network was a follow-up to the first generation Bitcoin systems in 2013 but has since overtaken Bitcoin blockchains in popularity and usage in the cryptocurrency market. Many upgrades have occurred on the platform to accommodate the ever-increasing user community. With Moshnake’s (MSH) introduction to MetaMask, Ethereum is further widening its scopes, even to Binance-based networks. Here, we will review other successful NFT-based tokens, Decentraland (MANA) and Polygon (MATIC).

Decentraland (MANA)

Decentraland (MANA) is a virtual reality world linked to the Ethereum blockchain on the Metaverse. The platform allows users to create and display digital content while making money. Its extensive NFT use makes it one of the best Metaverse tokens on the cryptocurrency market.

Decentraland (MANA) requires users to buy LAND, an ERC-721 token that represents the user’s space in the virtual space. It is on the LAND other NFTs, known as ASSETS, will be added. The other NFTs could be traded or created on the platform, and they serve to add aesthetics to the Metaverse space. Artists and businesses can promote their works and products on Decentraland.

There are various gaming platforms scattered around the virtual world, and a number of them are play-to-earn. Users can also explore the space while exploring other users’ areas and interacting with them. Decentraland (MANA) also allows for leisure, as even more people visit the Metaverse in their free time. MANA is the native token for any form of trade and exchange on the platform. It sells for about $0.721, consistent with the bearish trend of the crypto collapse on the market.

Polygon (MATIC)

When the user influx to the Ethereum network was getting too much to handle, such that it was affecting the network’s operations and functionality, some blockchain solutions were developed to ease the load on the main blockchain. As they were called, these side blockchains allowed for trading without using the Ethereum token. Polygon (MATIC) is one such side blockchain.

The Polygon (MATIC) blockchain performs transactions faster, and users incur fewer networks when using it. Its primary benefit is that users can move their assets to the Polygon (MATIC) network for trading and transfer them back to their Ethereum wallets via the Polygon (MATIC) bridge. It has been instrumental in the NFT marketplace, allowing for NFT payments in Polygon (MATIC) instead of Ethereum.

At the time of writing, Polygon (MATIC) sells for $0.75.

Moshnake (MSH)

Moshnake (MSH) is a new GameFi token, introducing the classic game Snake to the blockchain gaming sector using NFT snake avatars. The coin’s presale is ongoing, and we will go through its notable protocols you could benefit from.

Like every other GameFi platform, Moshnake’s gaming protocols are designed to pay players for completing tasks and winning across game modes. The game makes use of two tokens to keep transactions simple. The Venom VEN token is the currency used in the game. Players collect VEN and convert it into the native MSH token for other transactions. VEN is also used for in-game purchases, such as buying game boosts and resurrecting dead avatars. The more upgrades a player gets for their avatar, the better the chances of winning big.

On the other hand, MSH is the platform’s official token and is used by the members for voting and carrying out NFT trade in the platform’s marketplace. MSH will also be used to enter unique game modes like seasonal conquests.

Moshnake (MSH) is built on the Binance Smart Chain, which ensures efficient transaction processing and low gas fees for all transactions. It is also linked to the Ethereum-based wallet, MetaMask, which allows Ethereum assets to be swapped on the Moshnake (MSH) platform.

Moshnake’s presale is on, and it’s even better, in case you missed Tamadoge last month. Start acquiring your NFT avatars and prepare for launch.

Click here to join the presale and stay up-to-date with more news from the Moshnake team.

 

Moshnake:

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

 

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