Terra (LUNA) Promises to Be a Game-Changer in the Blockchain Gaming Market

Platform Terra with your token GLOW is currently one of the most interesting offers on the cryptocurrency scene. There is a lot of excitement about the fact that from December 2020 to December 2021, the price of this cryptocurrency increased by 15,000%.

Platform Terra with its token GLOW is currently one of the most interesting offers on the cryptocurrency scene. There is a lot of excitement about the fact that from December 2020 to December 2021, the price of this cryptocurrency increased by 15,000%. This is the best result among the top ten coins on CoinMarketCap. It’s no wonder that more and more investors are interested in the LUNA project. This ecosystem, created, among other things, to issue stablecoins, has really strong foundations.

What is Terra and what makes it unique?

Terra was founded by Daniel Shin and To Kwon in January 2018. They came up with a project that focuses on the rapid adoption of blockchain and cryptocurrency technologies. Kwon took over as CEO of Terraform Labs, the company behind Terra.

Terra is a blockchain protocol that uses stablecoins pegged to fiat currencies to power international payment systems. Each stablecoin is pegged to a different fiat currency. For example, UST is one of Terra’s stablecoins and is pegged to the US dollar (USD). Another stablecoin, KRT, is pegged to the South Korean I’m gone (BWD).

According to the whitepaper, Terra:

The project provides several functionalities enabling operations in the area of ​​decentralized finance (DeFi). It offers both a native LUNA token, stablecoin support, and a smart contract and payment platform.

Why is this blockchain ideal for building games?

This time last year, there was less than $50,000 in DeFi projects. Today, Terra has nearly $13 billion in just ten different projects. With Ethereum’s fees soaring, many blockchain project creators are choosing the Terra blockchain. Why is this blockchain so beneficial for gaming?

LUNAtic Community

Terra is well on its way to achieving tremendous success thanks to its design, related ecosystem products and partnerships, and, perhaps most importantly, its community.

Huge community of players

Axie Infinity has shown the incredible potential of Play2Earn’s blockchain-based decentralized games. Market Capitalization Axie Infinity reaches similar levels as the giants of the traditional video game market. This has become an inspiration for many game creators, such as RoboHero. The game, which will soon see the light of day, will take players to the metaverse, where they will be able to create their own robots and use them in battle. For winning a duel, you can earn native Robo or LUNA tokens.

Scalability

For gaming, scalability is a big deal. Terra provides up to 10,000 transactions per second, with new blocks generated every six seconds. Transactions on this network are both fast and don’t involve high fees.

Like previous financial innovations that were backed by major payment networks (Alipay via Taobao, Paypal via eBay, Visa via banks), Terra was founded with the support of the Terra Alliance. These are 15 of the largest e-commerce companies in Asia, which together process $25 billion in annual transaction volume and have 45 million users.

There is no doubt that gaming attracts a large audience to the community, and the large gaming community on Tera will certainly increase demand for all native stablecoins and protocols/dApps (and of course LUNA).

Some believe that Terra (LUNA) will break through the $100 mark in the coming weeks. These predictions are based on both technical analysis and the project’s increasingly strong fundamentals.

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