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Home»ADOPTION NEWS»Harnessing the potential of PORTAL in a Web3 gaming environment
ADOPTION NEWS

Harnessing the potential of PORTAL in a Web3 gaming environment

By Crypto FlexsMay 24, 20242 Mins Read
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Harnessing the potential of PORTAL in a Web3 gaming environment
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Explore the portal (PORTAL)

According to a blog post by Bitfinex, Portal (PORTAL) is an innovative cross-chain gaming platform that aims to transform the web3 gaming landscape. The platform connects blockchain games through various networks such as Ethereum, polygon, Avalanche and Solana. Portal will leverage LayerZero’s messaging protocol to integrate over 200 games at launch, providing a seamless gaming experience for both developers and players.

The native PORTAL token plays an important role in the ecosystem, acting as a universal gaming coin. Tokens support various platform aspects, from in-game transactions to staking and governance, creating a strong economic environment within the portal ecosystem.

Portal features and offerings

Portal’s infrastructure includes unique features such as marketplace integration, which allows users to leverage PORTAL to participate in platforms like MagicEden. This extends the token’s utility beyond gaming transactions, allowing for exclusive NFT purchases and powering the nodes that maintain Portal’s core infrastructure.

Designed with future scalability in mind, Portal supports future features such as non-custodial gaming wallets and a launchpad for launching new NFTs and tokens. These additions aim to further solidify Portal’s position as a pioneering force in the cross-chain GameFi sector by improving user accessibility and investment opportunities within the ecosystem.

Utility of PORTAL tokens

The PORTAL token will be seamlessly integrated into a variety of web3 games, facilitating a variety of game-related transactions and becoming a pivotal element of the platform economy. In addition to its primary use in gaming transactions, PORTAL extends its utility to governance functions within the portal ecosystem. Token holders can participate in the governance process, vote on key decisions, and influence the future direction of the platform.

Staking is another important utility of PORTAL tokens, allowing users to lock up their tokens to receive rewards from the foundation and partners. Tokens can also be used on integrated platforms like MagicEden to access and purchase exclusive NFTs from Portal’s partner network. These use cases highlight the versatility of the token and its important role in supporting the broader operational and strategic framework of the portal platform.

PORTAL token acquisition

Users can obtain PORTAL tokens through the Bitfinex platform. The process involves depositing cryptocurrency or fiat into your Bitfinex account and trading it with PORTAL. Bitfinex also offers a mobile platform that allows users to purchase PORTAL tokens on the go.

Image source: Shutterstock

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