Axie Infinity (AXS) and ethereum (eth) are struggling, while Pomerdoge (POMD) is holding firm in the ongoing pre-sale.
Summary
- Concerns raised by PNP ACG about the high costs of Axie Infinity and potential risks in the play-to-earn model.
- ethereum transaction fees drop due to layer 2 scaling solutions and proof-of-stake transition.
- Pomerdoge offers a new P2E approach, integrating meme coin trends.
Axie Infinity Challenges
The Philippine Anti-Cybercrime Group (PNP ACG) has warned about the risks of playing Axie Infinity, where players must purchase at least 3 Axie characters, which can cost up to $300 each.
The PNP ACG is concerned that the game’s P2E model could be exploitative and could force players to spend money in the game to earn rewards. Furthermore, piracy and fraud have caused players to lose digital assets.
AXS was down 1.32% last week. In the last 24 hours, the token is down 0.26% but up 0.22% in the last hour, trading at $4.85.
Overall, the token is down 97.07% from its all-time high of $165.37.
ethereum gas fees are decreasing
ethereum gas fees have dropped thanks to the adoption of layer 2 scaling solutions and the move to a proof-of-stake system.
eth prices remain below the $1,660 and $1,670 levels, and the coin is trading at $1,656 at the time of writing.
The currency was down 1.52% last week.
Pomerdoge offers a new approach
Pomerdoge Adds utility to games by integrating meme coins. POMD, its native token, powers the platform’s marketplace, where players can convert their in-game assets into tangible rewards.
In Pomergame, players will participate in quests, collect rewards, and compete for battle prizes, in line with the platform’s P2E concept.
POMD is available for $0.0165 before its official launch. Currently, the project has raised more than $4.8 million.
Supporters are optimistic; Blockchain games, which integrate non-fungible tokens (NFTs), generated $3.2 billion in revenue in 2022. This figure is expected to increase to $8.8 billion by 2028.
Visit the links below to learn more about Pomerdoge (POMD):
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
