Gala and Shiba Inu Show GameFi and DeFi are Struggling; Time for Avorak’s AIFi to Shine
Among the most exciting developments in the digital world is the rise of gaming finance (GameFi) and decentralized finance (DeFi). These technologies have created new ways for people to earn income, and leading projects include Gala and Shiba Inu’s GameFi and DeFi blockchain projects.
However, various challenges face the sectors, as evidenced by the struggling nature of Gala and Shiba Inu projects. As such, Avorak comes in as an alternative with its Avorak AIFi, presenting a time for it to shine.
What is Gala?
Gala is a blockchain-based project combining gaming and DeFi, allowing users to earn token rewards from playing games. Users can also get prizes for participating in various events and activities.
GALA is the platform’s native token, and amid the struggling market, GALA’s price has seen a recent significant drop of 80% since the beginning of May 2023.
As such, Avorak AIFi is in a position to market its features, presenting itself as an alternative to the Gala project.
What is Shiba Inu?
Shiba Inu is a GameFi project that also allows its users to earn income from playing games and participating in in-game events.
Launched in August 2020, its native token SHIB has also seen a recent price drop since the beginning of May 2023. Although its market cap reached $13 billion, its value has dropped by more than 50%. The drop raised concern among SHIB investors, making Avorak AIFi an attractive project to invest in.
How Avorak AIFi Will Solve Challenges in GameFi and DeFi Projects
Shiba Inu and Gala present the general struggling nature of GameFi and DeFi platforms that solely rely on tokenomics. Their underlying economic models underpin their tokens, GALA and SHIB, and are responsible for incentivizing user participation to drive their values.
Their uncertainty in volatility presents a challenge in investing as users are still concerned that they are risky investments. However, Avorak AIFi operates on real-world utility, curbing the regulatory challenges in GameFi and DeFi space.
AIFi solves these problems as it is a decentralized finance platform that uses artificial intelligence to provide services to its users.
It has personalized investment recommendations that can be accessed through its next-generation capabilities. It’s also possible to trade crypto and earn significant rewards from using the platform, making it attractive to investors and an alternative to projects like Gala and Shiba Inu.
AIFi uses machine learning algorithms to analyze user data to provide customized recommendations displayed in a human-like conversation, making it a user-friendly platform that’s easy to use.
Unlike Gala and Shiba Inu, Avorak’s AIFi doesn’t rely on tokenomics and is less susceptible to high volatility issues that plague other GameFia and DeFi projects.
Conclusion
Evidently, there are various challenges faced in the DeFi and GameFi platforms, including reliability on tokenomics and volatility issues. As such, Avorak AIFi is a good investment in minting profits since it relies on accurate machine-learning mechanisms.
Avorak, a new player in the digital space, is an upcoming project that will likely overtake GameFi and DeFi platforms like Gala and Shiba Inu.
To get more on Avorak Ai, visit:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
