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It’s safe to say that the blockchain industry has well outgrown its initial birth-project Bitcoin, as the underlying technology now finds implementation in countless different niches. DeFi and NFT took the world by storm in the past two years, and it only seemed natural that gaming will be the one to follow.
Projects from the world of gaming are increasingly tapping blockchain tech to revolutionize their products and enhance the user experience. The latest protocol to see the light of day is called the Agora project, which comes following a partnership with Ultra and SwissBorg.
Agora Project Arrives
The team behind the project described its partners in the endeavor as a “powerful GameFi-focused blockchain” (Ultra) and a Swiss-based crypto wealth app with more than 650,000 users already (SwissBorg).
Their brainchild will aim to bridge the gap between the growing number of DeFi investors and GameFi, as well as make blockchain gaming a part of everyday life for gamers and investors.
Agora will tap Ultra’s Uniq NFT Standard, which will provide fast transactions with no cost for users. David Hanson, Co-CEO at Ultra, said his company’s “frictionless, mainstream-ready blockchain tech” will allow Agora’s team to “trailblaze the space by delivering players more value to their gaming experience.”
SwissBorg, on the other hand, will provide the Agora project access to its community, gaming guild, and the venture capital team – SwissBorg Ventures.
“For crypto mass adoption to happen, we need to move from a speculative space to a utility space, gaming will enable this transition to happen. We are proud to be part of Agora, a next-generation GameFi hub based on UOS technology.” – commented Anthony Lesoismier-Geniaux, Co-Founder at SwissBorg.
Long before announcing the aforementioned project, Agora had launched its decentralized exchange (DEX), which aims to avoid unsustainable APY wars by focusing on providing more liquidity from the mass market traditional gaming industry.
The team also intends to introduce a cross-chain, gamified wallet experience, allow GameFi users to invest in the mass market, and eventually release a launchpad for projects to receive funding.