Matr1x Fire (FIRE) Price, Charts & Market Data

Matr1x Fire (FIRE) is used for a variety of purposes within the MATR1X ecosystem, serving as the main currency for in-game activities and transactions.

In-Game Functions:

• Avatar Upgrades: Players use FIRE to upgrade their avatars, enhancing their abilities and performance in the game. This allows for more customised and competitive gameplay.

• Case Opening: FIRE is essential for opening cases that contain NFTs, which are valuable in-game assets like weapons and props. These assets can significantly enhance the gaming experience by providing unique items and abilities.

• Weapon Crafting: FIRE powers the 3D printers used to create and upgrade weapons. This functionality allows players to continually improve their equipment and stay competitive in the game.

• Avatar Reproduction: FIRE is used in the process of creating new avatars through 3D bioprinting. This involves combining traits from existing avatars to produce new, unique characters.

Economic Roles:

• Marketplace Transactions: FIRE is the currency used in the MATR1X platform’s NFT marketplace, enabling players to buy, sell, and trade various in-game assets and collectibles.

• Ecosystem Support: FIRE tokens are allocated to support community building, liquidity provision, and the overall development of the MATR1X ecosystem. This includes funding rewards and incentives for community engagement and participation in the platform’s activities.

Governance:

While FIRE is pivotal in the gaming and economic aspects of the MATR1X platform, governance is primarily conducted through another token, MAX. MAX holders can stake their tokens to receive voting rights, allowing them to participate in decision-making processes that affect the platform's future development and operations.

The development of the MATR1X platform and the FIRE token is led by a team of individuals who use their Ethereum Name Service (ENS) identities. These co-founders bring a range of expertise from gaming, blockchain, and finance sectors:

• 0xA03C.eth: This co-founder has over 10 years of experience in mobile game development, having worked on projects with significant revenue impacts.

• 0xsaku.eth: With around 10 years of experience in game development and the Web3 industry, this co-founder has been involved in projects generating substantial revenues.

• 0xmadeirato.eth: This co-founder combines a decade of experience in finance with four years in cryptocurrency investment, contributing to the financial strategy of the platform.

• 0x20buidler.eth: Specialising in software development, system architecture, and blockchain technology, this co-founder has over 10 years of experience in these fields.

• stanswag.eth: With over 20 years in the game industry, this co-founder brings deep industry knowledge to the team.

• raythm.eth: This co-founder has a background in strategic analysis and research, spanning over 10 years.

• KMnO4.eth: With approximately 10 years of experience in finance and blockchain, this co-founder supports the platform's financial and strategic planning.

These ENS names serve as identifiers within the blockchain community, representing their commitment to anonymity while providing transparency regarding their professional backgrounds.