The cryptocurrency market has a ton of options for investors to make a passive income. This simply means putting your funds in a venture that does not need an active management strategy or your constant involvement. The most typical way crypto investors earn passive income is through buying and holding their crypto assets in a process known as HODLing. These investors usually have a long-term timeframe for their investment with a mindset that the price will hopefully rise significantly in the future. It only needs the investors to hold their assets in a secure wallet and wait.
Recently, the crypto ecosystem has welcomed other forms of earning passive income, especially with the growth of decentralized finance, or DeFi. Today, investors have multiple ways to earn extra income without being heavily involved. Some of these include staking, interest-bearing accounts, lending and borrowing platforms, yield farming, could mining, affiliate programs, gaming, etc.
Across all these passive income channels, blockchain gaming, or play-to-earn (P2E) projects have witnessed the highest growth as the demand for non-fungible tokens (NFTs) reached a fever pitch. As more gaming DApps come into the ecosystem, the blockchain prediction market also exploded, gaining the potential to impact the growth of the next wave of passive income generation in crypto, the predict-2-earn channel.
Revolutionizing the passive income generation in crypto
The potential of prediction markets in crypto is immense. To this end, PlotX, a X-2-Earn GameFi ecosystem, aims to take up the growing opportunity to give its users a simple, user-friendly, fair, and zero-fee platform to earn a passive income by simply placing a bet.
PlotX is building a curated community with high levels of engagement that can participate and predict accurate outcomes. The platform aims to revolutionize Web3 by allowing brands and researchers to leverage their predictions community, collect opinions, and estimate the likelihood of events happening. The higher the accuracy in predicting outcomes gives users an opportunity to gain higher rewards, which could offer a reliable and steady stream of income for their participation.
Launched in 2020, PlotX ranks as one of the top blockchain X-2-Earn GameFi ecosystem. This can be seen clearly from their private round sales. The project raised $2.7 Million in seed funding from NGC Ventures, Brilliance Ventures, Origin Capital, and 3commas in October 2020. Furthermore, the team raised $5 Million Pre-Series A Round in December 2021, with support from Hashed, Polygon Studios, Animoca Brands, Alpha Wave Global, Sandeep Nailwal (Co-Founder of Polygon), and Alan Howard (Co-founder of Brevan Howard). This round also consisted of a $2m grant from Polygon Studios.
A platform built for everyone
Unlike other X-2-Earn GameFi ecosystems in the blockchain space, PlotX is setting itself apart by building unique features for its users. One of the main interesting features of the platform is the ease of use, which allows the average user to join without the intricacies and complexity seen on other blockchain platforms.
Additionally, the platform is built to allow users with low capital to participate. By offering a zero-fee platform, users can make the most money possible from their predictions, earning every cent of the rewards paid out. PlotX allows users with as little as $5 to place a bet, which opens up the blockchain ecosystem for users across the world, including developing nations.
The team also solves the problem of technical and market complications to the average user by making the platform easy to understand and set up, even for people that haven’t been involved in the cryptocurrency market at all until that point. This helps to increase the overall uptake of the project and the cryptocurrency ecosystem.
Finally, PlotX developers also included a stake-2-earn model for users that do not want to make predictions. This allows the users to simply place their stake in a liquidity pool and earn the native $bPLOT token and $MATIC. In the future, the development team plans to introduce new passive income-earning opportunities to add to its Play2Earn, Predict2Earn, Stake2Earn earning mechanisms.
