MuskMelon, a utility token was listed on Bitmart and XT platforms on April 15, 2022. Within the first hour of trade, The Melon token was up by 2900 per cent and rose nearly 6000 per cent within a few hours, giving heavy profit for investors.
MuskMelon, a utility token developed on Binance Smart Chain and Ethereum, took the world of NFTs (Non-Fungible Tokens) and Gaming by storm.
To tap the growing interest in NFTs and Gaming, the creators of the MuskMelon project had launched 10 billion Melons, which is the native currency and can be used for buying Non-Fungible Tokens, in-game assets, and even for other purposes. Five billion of these were released initially at a special launch price of USD 0.05 per Melon.
According to Neal Mathews, Project Advisor of MuskMelon “Someone who’d have invested 1000 USD at 5c would have gotten 30K USD! and gauging from the trend. It only looks to be on a severely strong climb!”
Globally it is said that the gaming industry will hit USD 218.7 Billion along with a sustainability growth percentage of 8.7 per cent per year. When we see the gaming industry the number of gamers is increasing exponentially. The current state of the gaming industry has many components like face recognition, cloud gaming, and virtual reality. It has been seen that the children who are into gaming are performing better in academics.
Digital assets and collectables help in creating non-fungible tokens that are used in blockchain technology. We all are aware that technology is constantly evolving. This phenomenon of the fast evolution of technology is known as accelerating change. When the technology improves or redesigns it brings changes to the future generations at a faster pace. The technology frontier on this front is evolving at a continuous pace and humans are continuing to expand and explore the endless world of technology through various new pathways like artificial intelligence and blockchain.
When we see the usage of technology in crypto transactions, we see the revolutions of transactions. It marked the transition of fintech industries and many players have emerged in this industry. Though the scientific approach has brought many changes in the fintech sector, it has posed challenges as well. Advancements in the fintech sector have led to smoother transitions for the consumers and the business. It is the potential change marker in the world.
“Many new variants of technology are emerging and they are named digital collectables. Let us understand the meaning of NFT, which is a non-fungible token. It is part of the blockchain and is a digital ledger sort of entity that can be sold and traded at the same time. They have valuable information stored in them. NFT is very unique as it contains valuable information such as digital photos and videos. When in the game, NFT means that they are the sole owners. Melon is the Native currency, which can be used to purchase NFTs, and In-Game assets. Moreover, it can be used in contribution to the Ukraine Relief Fund” said Neal Mathews, Project Advisor of MuskMelon.
Musk Melon is the latest addition to the world of NFTs and Gaming with a glimpse of the purposeful contributions to the real world.