Amasa Uses Enjin And Efinity To Facilitate Meta Micro Incomes

What is Amasa?

Amasa is a platform that aims to make micro income streams of cryptocurrencies easier to combine by directing them into one place. It also seeks to amplify those micro incomes and transform them into a more significant source of wealth over time.

The platform achieves this goal in three steps. First, it automatically combines all micro income streams and directs them to a single account. It also provides tracking and monitoring tools, making it easier for users to keep an eye on all their incomes in one place from their smartphone.

Next, Amasa converts the earnings into stablecoins, potentially locking in the value and protecting the capital against volatility. Finally, the platform channels the micro income streams into a managed fund portfolio led by prominent crypto fund managers to amplify earnings.

Meanwhile, the income streams might come from various metaverse-related sources, which could be games, NFTs, data, content, and other decentralized applications running on a blockchain.

Amasa Integrates Enjin and Efinity

Amasa has recently integrated Enjin, a leading blockchain gaming and NFT ecosystem that allows developers to create and manage virtual goods on the Ethereum blockchain. Meanwhile, Enjin is expanding its infrastructure by designing Efinity, a decentralized, cross-chain NFT blockchain that allows users, developers, and enterprises to create a truly free, global digital economy.

“The partnership will deliver added value to users of projects within the Enjin and Efinity ecosystem, first increasing awareness and adoption of play-to-earn and NFT-based projects which enable users to receive repeated, small-scale payments earned in cryptocurrency (“micro income streams”). This will be followed by technical integrations between Amasa and Enjin to make these income streams even more valuable to users,”

Amasa said in an announcement.

Amasa is seeking to introduce opportunities for income generation within the metaverse and Web 3 to millions of gamers. On the other hand, Enjin provides developers with tools to seamlessly integrate NFT and blockchain into their games and metaverse projects.

To date, the Enjin Wallet, which supports digital assets and NFTs, has been downloaded by over 1.7 million users, while its platform has been used to design more than 1.18 billion blockchain assets and NFTs. Moreover, the project’s user base is projected to grow exponentially in the coming year as it is preparing to implement new upgrades and innovations.

Enjin Growth and Expectations

Following the partnership with Amasa, Enjin’s relatively vast community will have the opportunity to further capitalize on the ecosystem’s cross-game flexibility and benefits by combining gaming and NFT-based earnings with other micro income streams and amplifying those earnings.

Amasa is poised to launch its app by the second quarter of 2022 on Ethereum layer-2 solution Polygon, which offers high transaction speed at an exceptionally low fee. Subsequently, Amasa will integrate Enjin’s Polkadot-powered network Efinity, as well as other networks.

As Amasa is trying to facilitate metaverse micro transactions, major tech companies are heavily investing in the industry. Among the more notable examples, social media giant Facebook, AKA Meta, has dedicated a $50 million fund to develop the metaverse.

Likewise, major crypto exchange KuCoin has pledged to offer a $100 million fund to support metaverse-related projects and further promote metaverse education. Johnny Lyu, CEO of KuCoin, called metaverse “the next chapter of the Internet,” adding that it will “change the way we work, connect, shop, entertain and have social interactions.”

Other tech giants are also expected to dabble into the metaverse, while some have already done it. For instance, Satya Nadella, CEO of Microsoft, said in early November that the company aims to create “an entirely new platform layer, which is the metaverse.”

Leave a Reply

Your email address will not be published.

Related Articles
Read More

PancakeSwap – What Is It? How Does It Work?

Among the major examples of DEXs like Uniswap and Sushiswap (both based on the Ethereum network), this article will focus on PancakeSwap. What is PancakeSwap, and what makes it different from the other Ethereum-based DEXes? Let’s dive right in! What is PancakeSwap? PancakeSwap is a...
Total
0
Share