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Highlights
- MOBOX Protocol allows the users to create, trade and earn NFTs.
- MBOX has been raking big gains on Friday following the news that Binance Labs will be investing in MBOX crypto.
- Buoyed by the Binance Labs investment, the MBOX crypto was trading at US $8.10 with a 24-hour trading volume of US$1,494,443,865.
With the online gaming industry is getting competitive with each passing day. Several blockchain-based companies are looking to develop various play and earn games to keep users interested. Add to that is the explosion of Metaverse, which seems to have given these blockchain-based games an extra set of wings to many of them are looking to cash in on this booming space.
After the likes of the Sandbox, Axie Infinity, Decentraland, Gala Games soared in recent months, and it's time for MOBOX crypto (MBOX) to leave its mark on the crypto world. MOBOX Protocol allows the users to create, trade and earn NFTs. With its combination of yield farming DeFi with Gaming NFTs, it manages to make a powerful play to earn the ecosystem of the users with its game MOMO: Token Master.
MBOX has been raking big gains on Friday following the news that Binance Labs will be investing in MBOX crypto. The metaverse gaming platform has already registered gains of approximately 74%. Binance Lab Foundation's Director, Bill Chin, informed that they are developing and operating social gaming platforms, and the partnership with MBOX will help them transfer their gaming world and the user experience.
The Binance partnership
Binance and MBOX partnership is nothing new. In fact, in August, when MBOX was featured on Binance's Launchpool as one of the new crypto projects, its prices had soared over 400% in less than two weeks.
Binance Labs has been pouring money into the MOBOX for some time now, and due to this, the team can accelerate the development of MOMOverse and MOMO Chain.
How does MBOX work?
The gamers can use the MOBOX tokens to do transactions in its protocol. The users can not only use the token to buy new characters but also earn rewards through staking. Besides, the MOBOX has NFT auctions, allowing users to bid on a particular character with its native token.
How is MOBOX faring?
MOBOX crypto is ranked 233 on CoinMarketCap. Buoyed by the Binance Labs investment, the MBOX crypto was trading at US $8.10 with a 24-hour trading volume of US$1,494,443,865. At the time of writing, MBOX was up by 68.53% in the last 24 hours, with a live market cap of US$634,488,866.
Market experts are bullish on MBOX crypto and view the crypto as one that could give good returns in the long run. The experts suggest that investors would do well to cash in on the rally, with the price of crypto expected to increase by 370.41% in the next five years. Experts are betting that come 2026, and the MBOX crypto will touch US$480.
