USDB enters GameFi: Warp partnership announcement
Balance (USDB) is entering the world of GameFi. Things are about to heat up.
We are incredibly excited to announce our new partnership with Warp, one of the most awaited GameFi protocols to reach the Fantom network.
Warp
Originally built on Polygon, Warp is a game built around NFT starships, multiplayer online arcade games, an NFT Battle Arena, and a NFT marketplace built straight into the ecosystem where users can trade parts on the open market.
Despite being a relatively new GameFi protocol, Warp has already established an impressive list of official partners including Spookyswap, Polygon, Synapse, Tomb, Frax, Beefy.finance and now USDB!
GameFi — The no. 1 trend in crypto
For us and the Balance ecosystem, this means a huge step towards USDB’s adoption. GameFi is undoubtedly one of the areas with the most growth potential right now, and its rise cannot be ignored.
As of now, the global video game industry registers almost $159 billion in expenses by gamers annually. With around 3 billion players in the gaming industry worldwide, the sector is rapidly evolving. While the pay-to-win games of old allowed players to purchase upgrades in order to gain an advantage over others, play-to-earn gives players financial incentives to play and progress through games, opening the possibility of earning a serious income from online gaming.
Given that there are around 3 billion gamers worldwide, many experts believe crypto gaming may be the most likely gateway to the widespread adoption and use of cryptocurrency and Blockchain technology.
On top of that, the latest DeFi trends show game-based cryptocurrency owners seeking returns on their assets, which WARP has taken full advantage through its ingenious use of NFTs throughout the game. You can learn more about the game here.
The partnership
The Balance ecosystem is proud to be joining a long list of hallmark names who have partnered with Warp. With this exciting new partnership, the Warp game will allow its users to bond with USDB and receive rare NFT starship parts in return.
How it works — Any bond worth $250 USDB or more, will mean the user will get Warp Tokens (the in game token) + a starship part (NFT) of the same value. A $500 USDB Bond for example will get the user Warp Tokens + a 500 power starship part. The more powerful the starship parts, the better stats they will have in-game and for farming — it’s a simple but effective usecase for USDB!
They’ve also offered to do a FREE giveaway of 3 UNIQUE minted Starship NFTs, specifically designed for the USDB/FantOHM community.
How to register for the giveaway
Warp is set to go live on Fantom on the 10th of May and registering for the giveaway is super easy. Simply register on the whitelist for a chance to receive your own Starship and travel the universe at warp speed in search of new games, new features and new ecosystems, in an ever-expanding multiverse!
For every social activity you are completing after registering you earn Entry Points. The more entry points you have the higher your odds are to be one of the winners. The winners will be randomly selected among all the participants. You can register and view the countdown here.
Get ready
GameFi combines crypto, decentralized finance (DeFi), online gaming and non-fungible tokens (NFTs) in a revolutionary way. And people are taking notice. With around 3 billion gamers worldwide, this new partnership with one of the hottest GameFi protocols out there means big things for the future.
As we speak, the play to win model is being replaced by the pay to earn model which offers users greater autonomy, ownership and interoperability than ever before. Many believe innovative crypto games just like Warp will be the gateway to widespread adoption of cryptocurrency, which is why we’re incredibly excited to see where this partnership takes us.
Stay tuned. There are big things in the pipeline.
