TLDR:
- Polygon Labs has partnered with King River Capital and Immutable to launch a $100 million Web3 gaming fund.
- Bonk (BONK) has been forecasted to rally as high as $0.00007828 in 2024.
- NuggetRush enters the gaming space with its mining game.
Polygon Labs, in collaboration with King River Capital and Immutable, has initiated a $100 million Web3 gaming fund. On the other hand, Bonk is expected to peak at $0.00007828 in 2024.
NuggetRush is on the way to the top of the gaming industry with its exciting new mining game. The initial investor base participating in the cryptocurrency ICO has already expressed enthusiastic support and purchased millions of tokens.
NuggetRush (NUGX) Mining Game Offers Incentives and Other Benefits
NuggetRush (NUGX) wants to introduce a gaming platform that will entertain and reward users. The game will allow players to participate in diverse mining activities, including tunnel construction, excavation, and mineral extraction.
The main objective here will be to create an indisputable sense of belonging and togetherness among the players. Players on the platform will also be presented with diverse in-game challenges that range from combat to tournaments, among others, to keep them engaged.
Furthermore, NFTs will be included to boost the excitement of the game. These NFTs are the best NFTs to invest in as they function as in-game avatars and have unique qualities. These qualities will make the game exciting and interesting.
Meanwhile, NuggetRush is approaching the end of its blockchain ICO, and its native token, NUGX, is priced at $0.019. This token is very important as it is the key to accessing the mining game and can be used to buy the coolest NFTs and other in-game assets.
Polygon (MATIC) Partners To Introduce Inevitable Games Fund
According to a recent news report, Polygon (MATIC) Labs has collaborated with King River Capital and Immutable on a $100 million Web3 gaming fund called Inevitable Games Fund (IGF). King River stated that it would manage the usage of the fund.
Despite this, the Immutable and the Polygon team would give expertise in Web3 gaming and essential sourcing in this type of context. Messari has reported that they can do that because they have combined market shares of 70% or higher.
The latest partnership shows Polygon’s interest in expanding the gaming space. In other news, Polygon MATIC is down on the price chart with a loss of 18.9%, which has pushed its price from a 7-day peak of $1.24 to $0.9199.
Bonk (BONK) Price Forecast
Bonk (BONK), the largest of the Solana memecoins, rose to the spotlight following the Solana rally that occurred in Q4 2023. So far, the meme coin has produced a year-to-date gain of over 3386.9% as it rode on the meme coin hype. Unfortunately, the rally has died down, and Bonk has dropped 33.2% in the past week.
The meme coin plunged from a weekly high of $0.00003583 to a low of $0.0000203. The price slump has caused fear among investors who fear that the meme coin rally has ended. Nevertheless, the technical indicators of Bonk seem to favor the chances of a price bounce ahead.
Through the price jump above the 50-day SMA ($0.00001853) and the 200-day SMA ($0.000009319), we can tell that the bullish sentiments of the market are still firming. Meme coin analysts expect its price to trade between $0.00003096 and $0.00007828 by the year’s end.
Final Words
Polygon’s latest move to raise funds for gaming projects shows the huge resources that are going into the gaming space and the huge potential of the sector.
NuggetRush’s goal is to capitalize on this massive potential to become one of the best DeFi gaming projects. This is what makes NuggetRush a good crypto to buy, as it gives investors an opportunity to tap into this growing sector.
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