The digital assets sector sees increased market activity following the recent Bitcoin (BTC) halving. Non-fungible tokens (NFTs) witness revitalized interest as blockchain gaming scores significant developments.
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A renowned blockchain gaming network, Immutable (IMX), revealed a groundbreaking update about its wards program as the market awaits a steady bull run.
Immutable’s massive rewards
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The gaming platform continues to stand out from the crowd with its significant developments. In that context, Immutable has introduced the largest web3 gaming quest and unique rewards for individuals navigating its ecosystem.
Currently, players have $50 million in rewards up for grabs. Moreover, the company confirmed the inclusion of its high-profile games, MtalCore and Illuvium.
Further, Immutable is working on over 270 new ventures. Gaming enthusiasts can earn prizes by playing games, owning Immutable collections, and discovering missions.
Web3 games continue to see amplified developments. While high-budget games look to join the marketplace, Immutable could be preparing to leverage the expected bull run while enticing participants with impressive rewards.
Meanwhile, Sydney-based Immutable enjoys support from leading investors such as Galaxy Interactive, Bitktaft Ventures, Coinbase, and Tencent.
IMX’s current price outlook
Amidst these developments, attention shifted to altcoin IMX. The crypto traded in the red, losing 7.85% over the last day to trade at $2.09.
Its 24-hour volume jumped 20% in the previous day to $63,919,005, making IMX one of the top traded digital coins in the past day.
Faded actvity in the NFT sector and the current broad market downturn contribute to IMX’s bearishness.
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