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Injective eyes expansion into Web3 gaming with major partnership

source-logo  crypto.news 19 June 2024 19:37, UTC

Injective, an interoperable Layer-1 blockchain for decentralized finance (DeFi) applications, is eyeing diversification into the nascent Web3 gaming ecosystem.

On Wednesday, Injective announced its partnership with DEGA, a top game builder platform that’s also deployed on Ethereum, Cardano and BNB Chain.

Injective, a provider of a platform for dApps across decentralized exchanges (DEXs), prediction markets, and lending protocols, will leverage DEGA’s ecosystem to launch its next phase of development via Web3 gaming.

With DEGA, game builders will be able to quickly design and publish games – a new era for GameFi, according to Injective.

The Web3 gaming market continues to witness significant growth, with future projections estimating expansion from $23.9 billion in 2023 to over $133 billion by 2033.

“DEGA and Injective share a lot in common when it comes to our vision for ease of use, financial inclusion, and artificial intelligence,” DEGA CEO Carlos Rene said in a statement. “We expect this integration to benefit all who participate in either of our ecosystems.”

Injective users to benefit from airdrops, tournaments

As well as expansion into the gaming sector, this partnership is also set to benefit Injective across several community initiatives. These include having Injective games on DEGA, airdrops (such as limited edition Elements & Characters) ambassador events and tournaments and X spaces.

DEGA has announced a reactivation of its “Great Benediction” to celebrate this integration. Per details shared in a blog post, the program returns on Wednesday, June 26 and expected to run until July 3, 2024.

Injective’s partnership with DEGA comes after the blockchain platform also revealed collaboration with Tria, a consumer-first actively validated services (AVS) layer-2 for abstracting gas and unifying liquidity from Web3.

According to an announcement, Tria’s launch on Injective helps to enhance user experience for dApps and users. Tria’s Unchained technology allows for complete gas abstraction as well as cross-chain liquidity unification, giving users more control over payments and assets.