- C.R.E.A.M Finance becomes the first protocol to support AXS & YGG Tokens.
- They already support six major NFT-focused tokens including RARI, MANA & SAND.
- The Platform sees a bright future to Play-To-Earn Games and community-owned economies.
Axie Infinity, VulcanVerse and other emerging blockchain games that offer play-to-earn opportunity to people around the globe have really helped a lot of gamers with their financial problems especially those in developing countries because it gave them the chance to augment their dismal finances, provide for their families and survive in these dire times.
This goes especially true for those who have lost their jobs and are struggling to land employment opportunities because they can now invest in these games, grind from the safety of their own homes and bring hot food to the table so to speak.
But what about those who simply do not have any cash to spare because they are truly in the red and they cannot afford to shell out that amount of money to get started and take the first step towards financial freedom with play-to-earn games that require NFT tokens?
The First DeFi Protocol to Support AXS AND YGG.
Things are looking bright and promising for these people who are clamoring for a fair shake that will give them the boost and helping hand they are yearning for, because C.R.E.A.M. Finance aims to build bridges that will connect decentralized finance, non-fungible tokens, and the various ecosystems within the encompassing Metaverse altogether.
With the help of Chainlink, the leading provider of high-quality data sources and secure, off-chain computations, C.R.E.A.M. Finance is now the one and only lending initiative that supports Yield Guild Games’ YGG as well as Axie Infinity’s AXS. With these two new additions to their existing selection, C.R.E.A.M. Finance now supports six tokens in addition to RARI, OGN, The Sandbox’s SAND as well as Decentralland’s MANA.
With C.R.E.A.M. Finances borrowing and lending protocol set in motion, users who have assets in Binance Smart Chain, Fantom, Polygon and Ethereum can now deposit their valuables to enjoy yields and interest as well as borrow against said deposits to suit their financial objectives, just like they would when they open conventional savings accounts in traditional banks.
“We’re proud of the impact Axie’s made in developing economies. 50% of our users have never used crypto before while 25% of our users don’t have a bank account. We’re excited to see this new AXS price oracle from Chainlink and C.R.E.A.M. Finance and we look forward to the empowering products it will enable.”Jeffrey Jiho Zirlin, Growth Lead & Co-Founder of Axie Infinity.
This opportunity will certainly boost the capital efficiency and growth potential of these assets and give verifiable, transparent and prime value to holders within these ecosystems thanks to the decentralized price oracles that Chainlink provides.
Changing the Status Quo
Currently, there is irregular and intermittent support for NFT tokens and their corresponding ecosystems. This creates seemingly insurmountable hindrances for growth because it prevents holders from maximizing the full potential of their different assets due to the fact that they could not leverage their tokens and NFTs properly.
Since the adoption of non-fungible tokens and other DeFi resources is inevitable in the world of video games in the foreseeable future with more and more developers pushing towards this track, C.R.E.A.M. Finance is addressing certain issues and obstacles that will attract mainstream gamers hanging around the fringes to join the broader cryptocurrency and decentralized finance ecosystems.
“Our guild members are generating significant yield through play-to-earn games, and now, C.R.E.A.M. is helping them unlock greater utility for their assets in the metaverse. This is the democratization of finance in action, breaking down barriers to empower meaningful participation for a brand new segment of crypto users.”Gabby Dizon, YGG Co-Founder.
With C.R.E.A.M. co-founder and project head Leo Cheng planning at the helm and developing strong partnerships with the likes of Jiho Zirlin of Axie Infinity as well as Gabby Dizon of Yield Guild Games, it is only a matter of time before other game developers, players as well as investors follow suit and unite under the C.R.E.A.M Finance banner.