WEB3
by BSCN
July 3, 2024
DEGA now stands to on-ramp one of the single biggest L1 ecosystems in the entire industry to Web3 Gaming.
Announced only last week, Web3 Gaming infrastructure project, DEGA, has become the official ‘Gaming Layer’ for the Injective ecosystem - and its implications could be massive.
“The integration between DEGA and Injective focuses on providing the Injective ecosystem with a viable option to diversify into gaming”
The official integration signals a potential shift from Injective, which has historically focused on decentralized finance (DeFi), into other exciting cryptocurrency sub-sectors such as GameFi. According to an official release, DEGA and Injective will collaborate across a number of initiatives, including but not limited to…
Based on the official release, it appears DEGA was attracted to Injective owing to its architecture. In particular, the network’s ability to provide “instant transaction finality while sustaining lightning-fast speeds”. These capabilities are crucial for supporting a burgeoning Web3 gaming sector which demands microtransactions and high speeds.
Injective, meanwhile, likely saw DEGA as a no-brainer for gaming integration…
DEGA’s core aim is to provide the easiest-to-use game builder in the industry - Something that, when achieved, could supercharge the Web3 Gaming vertical to levels of growth unimaginable today.
While DEGA’s suite of tools is constantly expanding and developed, it already offers several tools…
The ‘DEGA Realms’ product constitutes a host of tools designed to make Web3 game-building accessible to all. It combines a “wizard-like workflow” with various other tools including pre-built gaming assets to ensure that anyone has the ability to “crowdfund, build, publish, and monetize” games with ease.
‘DEGA Studio’, meanwhile, is a purpose-built development environment, complete with multiple pre-built components and various helpful integrations, all with the aim of further reducing the barriers to entry for the GameFi vertical.
It offers several crucial in-game assets such as NFTs, Virtual Worlds, Tokens, Bridges, Marketplace infrastructure, and more.
The project’s ‘DEGA Brands’ offering represents a B2B angle for DEGA’s services. It provides the necessary tooling for both Web2 and Web3 brands to launch a successful gaming project. Through the initiative, DEGA leverages its own understanding and experience in the Web3 gaming sector, and applies it to onboard both valuable IP, and thereby additional users, to the blockchain space as a whole.
With an understanding of DEGA’s expansive offering, and the might of the Injective ecosystem, the ground-breaking implications of the integration are likely already clear.
In becoming Injective’s ‘Gaming Layer’, DEGA stands to onboard one of the most impressive and vibrant cryptocurrency ecosystems to the Web3 Gaming vertical.
An official release already mentioned that the pair will collaborate to build an “Injective game on DEGA”, and this is likely just the beginning.
At the end of 2023, Injective boasted an incredible 290,000 active wallet addresses. Its largest NFT marketplace, meanwhile, saw more than 265,000 NFTs minted, demonstrating an already-strong understanding of asset ownership among the INJ community.
If DEGA is able to convert these hundreds of thousands of high-caliber users to GameFi fanatics, the future for all three of DEGA, Injective, and GameFi, could be very bright indeed…
[Disclaimer: This is a paid article. BSCN does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article as part of a package for 9,375,000 Dega tokens. Readers should do their own research before taking any actions related to the company. BSCN is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.]
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