GameFi
GameFi Surge on Luna Classic
GameFi, the amalgamation of gaming and decentralized finance (DeFi), is witnessing substantial growth on the Terra Luna Classic (LUNC) blockchain. This surge is attributed to the launch of new projects on the network, contributing to its increased adoption and revival.
One such project is MetaRivals, a play-to-earn (P2E), Player versus Player (PvP) game that lets players engage in battles in the metaverse using their preferred cryptocurrency avatars. The game’s launch on the Luna Classic blockchain aligns with the network’s ongoing trend of attracting new projects and coincides with the team’s plan to also introduce the game on the Ethereum network.
Powering MetaRivals is the Maria platform, a web3 gaming solution that supports millions of users. The decision to launch MetaRivals on Luna Classic reflects the network’s current trend of revitalization.
Another significant development on the Luna Classic network is the debut of TerraPoker, approved following a community vote passing a crucial parameter change proposal that increased the MaxContractSize. This change allowed TerraPoker to upload its contract onto the chain and paved the way for other projects to build on Luna Classic.
The launch of TerraPoker adds to the LUNC burn campaign, an initiative to increase the token’s value by reducing its supply. TerraPoker pledged to burn 10% of the rake fees collected, bolstering the LUNC burn initiative. Other projects like Cremation Coin, GenesisX50, and LUNC DAO have also made significant contributions to the LUNC burn campaign.
In essence, the Luna Classic blockchain’s revival is being fuelled by the influx of GameFi projects like MetaRivals and TerraPoker, driving wider adoption of LUNC and contributing to its burn campaign. Although the future of Luna Classic is yet to be determined, these developments suggest a promising path ahead.
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