Exploring MATR1X: BingX’s Latest Venture into Web3 Entertainment

BingX, one of the world’s leading cryptocurrency exchanges, has launched the first phase of its BingX Launchpool, introducing MATR1X (MAX) — an exciting entertainment platform that blends Web3 game ，and esports with blockchain and AI technologies. 

In a recent AMA, Matr1x Co-Founder Madeira and the Chief Product Officer at BingX Vivien Lin talked about what makes Matr1x special and what the future holds.

The Start and Vision

Matr1x was created to show that blockchain technology can be used for more than just finance. Madeira, with a background in finance and crypto, wants Matr1x to be more than just a gaming platform. It’s designed to be a complete system that brings more people into Web3, blending digital entertainment with blockchain.

“Web3 gaming can do things that current games cannot do. It’s a better form of value exchange and a much bigger multiplayer platform. I think Web3 gaming will exist and will take the world of gaming by storm at some point,” Madeira states. ​​

At the center of Matr1x is the Matr1x trilogy game series. This isn’t just about playing games; it’s also about teaching players important ideas like data privacy and the benefits of decentralization.The game’s story unfolds in a future where a powerful company controls everyone’s personal information, prompting players to consider the importance of controlling their own data.

“For those who are new to crypto, we have made it easy to get involved. Players can participate in our games without needing to understand wallets or blockchain. This way, we can attract more users and eventually convert them into the Web3 space,” Madeira says.

Matr1x ecosystem also includes other games like Castile, an RPG card game, and Evermoon, a 5v5 MOBA. These games are part of Matr1x’s broader plan to offer a variety of gaming experiences, appealing to both casual and serious gamers. The platform also includes GEDA, an esports platform for organizing tournaments and events, adding another layer to its gaming ecosystem.

“Many people thought the industry is a scam and doesn’t create any value. But I wanted to build something real and show that blockchain technology has practical applications beyond just finance”​​, Madeira adds.

How Matr1x Makes Money and Engages Players

Matr1x plans to make money similarly to popular games like Counter-Strike (CS), which earns a lot from skin trading and in-game purchases. This approach has already shown promise, with transactions involving skins and loot boxes reaching 13 million USDT shortly after launch.

To get more people involved, Matr1x will host esports tournaments. These events are a great way to attract a wide audience, from young gamers to experienced players.

“We hosted the Matr1xFile Asian Masters 2024 with the grand final at the Hong Kong Web3 Festival. We got almost 2 million live viewers, showing the immense interest and potential in Web3 gaming and esports,” Madeira shares.​​

AI is also a key part of Matr1x. The project plans to use AI not only to make the games more fun but also to introduce new ways to play. For example, AI-trained bots could play in games, allowing for both human and AI competitions. This approach could attract a wide range of players, including those interested in AI and learning more about it.

Promising Partnership with BingX

Vivien Lin highlighted the partnership between Matr1x and BingX, showing how this collaboration brings new Web3 and AI-driven content to BingX’s platform. The BingX Launchpool, currently featuring MATR1X (MAX), allows users to earn tokens by staking USDT or BTC, providing a smooth and easy experience.

This launch marks an important milestone for BingX, which has recently partnered with Chelsea FC, showcasing its expansion into the sports world.

“This launch represents our unwavering commitment to delivering innovative and rewarding experiences for our community, allowing them to participate in and explore the future of digital entertainment,” Vivien Lin notes.​​

The partnership between Matr1x and BingX aims to bring exciting new content to BingX’s platform and attract users interested in the latest digital experiences. This initiative not only encourages participation but also helps users become familiar with the Matr1x ecosystem, potentially turning casual users into active community members.

“Quality assets like Matr1x are very good additions to our community. By partnering with Matr1x, we want to help the project gain more exposure and bring it to our user base. We are glad to bring projects like Matr1x, that can provide long-term value, to our platform,” Lin adds.​​

Future Plans and Community Involvement

Matr1x has big plans for the future. The project aims to keep developing new games and features, with a strong focus on creating an inclusive and engaging ecosystem.

One unique aspect of Matr1x is its commitment to community involvement. MAX token holders can vote on various aspects of the platform’s future, from game development to ecosystem improvements. This ensures that the project stays aligned with what the community wants.

“We look forward to supporting Matr1x’s growth and exploring further synergies. There’s so much potential, especially with many new games and features coming up,”​ Vivien Lin comments.

Madeira also talked about potential ways to generate money in the future, such as possibly adding transaction fees. However, the main goal is to build a sustainable ecosystem where the community’s contributions are reinvested into the platform.

Matr1x is a bold new project aiming to change the future of gaming. Combining Web3 technology with AI and esports offers a unique and immersive experience. The project’s focus on educating users about data privacy and decentralization sets it apart, promising not only to entertain but also to inform.​​

“We think going forward into the future, Matr1x will be much more valuable compared to now. We aim to bring mass adoption to our industry through gaming and social platforms,”​​ Madeira concludes.

Matr1x future success will depend on its ability to attract and keep a diverse group of users. Partnership with BingX and a strong focus on community involvement provide a solid foundation for growth. For anyone interested in the future of gaming and blockchain, Matr1x is a project worth watching.

The post Exploring MATR1X: BingX’s Latest Venture into Web3 Entertainment appeared first on BeInCrypto.