BTCS Inc Taps Axie Infinity intto its Blockchain Infrastructure Operations

Digital currency ecosystem company BTCS, a pioneer in the blockchain and digital currency ecosystem, announced the addition of blockchain-based game Axie Infinity to its blockchain infrastructure operations.

According to its statement, the player ownership can allow the community to reward players to earn “actual monetary value” when they reach a higher level in the game, which is different to traditional video games, fulfilling the goal of “play to earn”. 

The company said BTCS has completed the technical job of running Axie Infinity validator nodes, while including it in the Staking-as-a-Service platform.

BTCS pledges 28,794 AXS, allowing users to entangle a corresponding percentage of their annual income in pledged tokens, yielding compound rewards.

BTCS CEO Michael Prevoznik said: “We believe that blockchain gaming can shape the future of the entire gaming industry with Ethereum-based games like Axie Infinity leading as frontrunners. Axie Infinity changes the way people play games, going from something that is just fun, to something that has actual monetary value.”

With over 29 million searches around the world, the game recorded the most number of searches in the past six months. The average search for other games hit 1.45 million.

The Axie Infinity game is one of its kind in the blockchain world whose success since inception has continued to trail the blaze across the board. Developed by Vietnamese studio Sky Mavis, Axie Infinity lets collect players, breed, raise, battle, and trade token-based creatures known as Axies.

In 2021, Axie Infinity’s non-fungible token (“AXS”) transaction volume reached total over $3.5B, accounting for two-thirds of the total transaction volume in the blockchain gaming space.

BTCS Inc. (“BTCS”) is the first “Pure Play” listed company in the United States focusing on blockchain technology. The company secures blockchain through its transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast-growing multi-billion-dollar industry.

Image source: Shutterstock


Tagged : / / / /

Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon

An early mover in the blockchain and digital currency ecosystems BTCS Inc. announced the addition of Layer 2 Proof-of-Stake (PoS) sidechain Polygon (“MATIC”) to its blockchain infrastructure operations.

BTCS Inc. (“BTCS”) is the first “Pure Play” U.S. public company focused on blockchain technologies. The company secures the blockchain through their transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast-growing multi-billion dollar industry.

At present, BTCS has become the technical work of running Polygon validator nodes and has pledged 456,445 MATIC, allowing users to entangle the corresponding annual percentage income in the pledged tokens.

Polygon occupies a very pivotal position in the Ethereum and Web3.0 ecosystems.

Matic Network provides scalable, secure, and instant Ethereum transactions designed to use Plasma side chains and a Proof-of-Stake network to solve the pain points of slow block confirmation and high gas fees.

Michael Prevoznik, CFO of BTCS said:

“While Polygon is focused on Ethereum at the moment, it plans to support other blockchains with its scalable technology and provide cross-chain interoperability between different protocols.”

While Ethereum still ranks as the world’s most used blockchain network, transaction count and accompanying fees have skyrocketed over the years. With Polygon, these transactions can be carried out on Ethereum, scaled massively, and at a much lower fee.

Image source: Shutterstock


Tagged : / / / / /

After BTC’s $2K Crash in Two Days, Will This Level Stop the Bloodbath? (Bitcoin Price Analysis)

After last week’s excitement of a brand-new Bitcoin all-time high, the bulls forgot about the strong resistance at the key level of $20,000. According to the basics of technical analysis, just as in soccer, if you do not break above – you lose force and regress. This is exactly what we see over the past […]


Tagged : / / / / / / / / / / / / / / / / /
Bitcoin (BTC) $ 26,843.19 1.03%
Ethereum (ETH) $ 1,857.55 0.56%
Litecoin (LTC) $ 91.70 2.71%
Bitcoin Cash (BCH) $ 112.88 0.01%