Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Can Gamium (GMM) Make Money from the Metaverse?

Gamium (GMM) was CoinMarketCap’s third-most trending cryptocurrency on 16 April 2022. Yet, Gamium has little value. In fact, CoinMarketCap named GMM the 2,907th largest cryptocurrency on 19 April 2022.  

For instance, CoinMarketCap gave Gamium a $0.007001 Coin Price on 19 April 2022. Conversely, CoinMarketCap gave Gamium a $29.241 million Market Cap, a $350.40 million Fully Diluted Market Cap, and a $8.073 million 24-Hour Market Volume on 19 April 2022.

They base those numbers on a 4.17 billion GMM Self-Reported Circulating Supply, a Maximum Supply of 50 billion GMM and a 4.93 billion GMM Total Supply.

So What is Gamium?

So what is Gamium and is the attention this crypto is receiving deserved? They call Gamium a Web 3 and Metaverse company that will build a metaverse connecting all other metaverses. In other words, a multi-metaverse.

The name Gamium is a mix of the terms of Premium and Gamification. Interestingly, Gamium is not a gaming platform. Instead, it appears to be a social media platform.

For instance, Gamium offers a socialize-to-earn business model in which people earn GMM by participating in the Gamium Metaverse. They call Gamium a decentralized social metaverse or a virtual world where people can build whatever they want with the Gamium software development kit (SDK).

The Gamium Metaverse

Users can access the Gamium Metaverse through The Avatar. The Avatar is a digital identity that people can use all across web3 and metaverse applications.

Each Avatar will be a Gamium nonfungible token (NFT) that will serve as a digital identity for humans. They call this the Soulmate NFT. Users will need to create an Avatar to participate in Gamium. Avatars operate in the Binance Smart Chain blockchain.

Users can store all on-chain data transactions in Avatars. The Gamium team plans to use the Avatars for data modeling. Avatars can collect and store data about transactions, protocols, holdings, holder scores, DeFi scores, NFTs holdings, user profiles, graphs and more.

Thy structure all the Avatar data into Key Performance Indicators (KPIs). Users can access the KPIs through application performance interfaces (APIs). They claim users can set the performance of each KPI.

The Avatar SDK allows other applications to integrate into the Avatars. They claim the Avatar SDK will contain a Facebook-type login. Supposedly, the log-in will allow users to access specific information from the Avatar data. Applications can use the Avatar data to improve products and services.

Is Gamium Data Mining?

I consider Gamium (GMM) a data-mining solution because it gathers data from the metaverse and social media through the Avatars. Hence, I think of Gamium as an effort to data mine the metaverse.

Cynics will call Gamium a Big Data solution. Big Data is a fast-growing business. Statista estimates Big Data’s global market revenue will grow from $70 billion in 2022 to $77 billion in 2023, $84 billion in 2024, $90 billion in 2025, $96 billion in 2026, and $103 billion in 2027.

Similarly, Statista estimates the world Big Data analytics market revenue will grow from $14.85 billion in 2019 to $64.09 billion in 2025. I consider Gamium a data analytics company. Similarly, the total value of the global Big Data market could grow from $138.9 billion in 2020 to $229.4 billion by 2025, Precisely estimates.

Thus, Gamium operates in a growing market that could gain enormous value. Ideally, Gamium could enter a $229.4 billion market.

Gamium NFTs and Tokens

In the Gamium metaverse, users can buy and sell three kinds of NFTs. The LAND NFTs are pieces of digital land in the Gamium Metaverse. Buildings are 3D buildings in the Gamium metaverse. ASSETS are 3D objects people can use in any metaverse.

The Gamium Metaverse has two fungible tokens. Gamium (GMM) is the governance token and medium of exchange for the Gamium ecosystem. They deploy the GMM in the Binance Smart Chain blockchain.The MST is the utility token of the Gamium Metaverse. Users will use MST for transactions in the Gamium Metaverse and GMM for transactions outside the metaverse.

Avatar owners can create ASSETs and Buildings. Users Buildings, Land, and Assets in Ethereum even though GMM and Avatars operate in Binance Smart Chain.

Hence, I think the GMM could be a BEP-20 token. A BEP-20 token is a Binance Smart Chain that extends ERC-20 the most Ethereum Token Standard to the Binance Smart Chain. One use of BEP-20 tokens is as native assets or peg tokens that connect platforms such as the Gamium Metaverse to Binance’s DeFi ecosystem.

What Value Does Gamium (GMM) have?

I think Gamium (GMM) could gain enormous value if people use the Avatars and Gamium starts data-mining the Metaverse.

However, there is no proof the Avatars exist or work and no evidence Gamium is data mining yet. Hence, Gamium is a cryptocurrency to watch because it could make money. Yet it could be years before Gamium makes money.

Hence, Gamium could be a metaverse solution that could make money. However, I suspect Gamium is using the term metaverse to distract investors from its real purpose data mining. Yet that purpose could lead to a money-making business.