Ludena Protocol and Arcade Partner up to Accelerate the Gamefi Industry!
Ludena Protocol is proud to announce a new partnership with the Gamefi platform, Arcade! Arcade is a Gamefi platform aimed at helping gamers earn rewards without extreme amounts of time spent on gameplay. In perfect timing, Arcade debuts just as Ludena Protocol is beginning to work towards creating a P2E metaverse of its own!
The team at Arcade began their project as crypto and Gamefi enthusiasts ready to create the next big game guild. However, the team quickly realized that staying up to date and connected within the Gamefi industry was difficult and unsustainable for most NFT collectors. So their team came up with a clever solution, and combined Defi and Gamefi, creating Arcade. Arcade is powered by Solana, and is a platform that allows token holders to lend their tokens to real in-game activities for a share of the rewards. This allows individuals, pro-gamers, and game guilds to earn rewards without having to own exorbitant in-game NFTs, and also allows for crypto newbies that may not yet fully understand the technicalities behind P2E games to learn from the pros first hand, all while earning rewards.
In order to access the Arcade platform, patrons will have to utilize their $ARCADE tokens by converting it into $xARCADE, the synthetic form of $ARCADE that can only be utilized on the Arcade platform. Once the patron has $xARCADE, they will be able to lend their tokens to in-game activities by temporarily allocating them to the mission pool of their choice. Once the patron has selected a mission pool and the mission pool is entirely funded, the mission pool operator (or “MPO”) will be able to execute the in-game mission. If successful, the patrons that had tokens staked in that mission pool will be returned the initial tokens that were lent to the MPO, in addition to a share of the in-game rewards. However, if the mission was unsuccessful, the patrons that had tokens staked in that mission pool will only be returned the initial tokens staked, but suffer no loss other than the loss of bitter defeat. Essentially, Arcade is a platform that is committed to lowering the barrier to entry to the blockchain-based gaming space.
“Gamefi is all really new and can be really overwhelming to those that are just getting into it. It’s also a really fast-paced industry and can be really hard to stay on top of all that’s going on. Arcade is providing solutions to make Gamefi more accessible and to allow anyone to benefit from it. We hope that through this partnership, we can help Arcade get connected with more P2E games and that through Arcade more of our users can easily take advantage of the great rewards that Gamefi can offer. We are really excited about all the new possibilities with our new partnership with Arcade!” — Kenneth Lee, Ludena Protocol COO
Ludena Protocol - South Korea’s Biggest Social Gaming Platform and P2E Metaverse
Ludena Protocol’s social gaming platform GameTalkTalk has more than 3 million active users and is continuously growing. Ludena Protocol is currently working towards creating the biggest P2E metaverse by partnering up with P2E games to create a P2E ecosystem. Ludena will be launching their NFT Marketplace next month with a collection of NFTs that can be used for the self-published P2E games scheduled to launch later this year. Through this P2E ecosystem, players will be able to earn real-life rewards from the games that they play.
Learn more about Ludena Protocol here:
Additionally, you can learn more about Arcade here: