- Uniswap Labs acquired the blockchain game ‘Crypto the Game’.
- Uniswap will support development for the next season of the game under new ownership.
- Both companies will explore new on-chain experiences to improve user experience.
Uniswap Labs, a decentralized exchange and DeFi protocol, has had an impressive year and has often been in the spotlight for its positive developments. From launching the Uniswap wallet to expanding support for additional chains, the decentralized exchange has continuously released new product updates and community rewards-focused offerings.
Building on this momentum, the protocol has once again sparked excitement across the community with its latest venture.
Uniswap acquires cryptocurrency game
On Monday, June 10, 2024, Uniswap Labs announced the acquisition of Onchain Interactive. crypto games (CTG).
The change in ownership follows the airing of the first and second seasons of the survival-themed game. The acquisition will allow CTG founders Dylan Abruscato, Bryan Lee and Tyler Cagle to remain employees of Uniswap Labs to continue developing the game.
Commenting on the acquisition, Uniswap co-founder Hayden Adams emphasized the importance of the decision: “Bringing the world on-chain requires a more engaging on-chain experience.”
The new Uniswap-Crypto the Game collaboration promises numerous benefits for both parties and community members.
What to expect
Uniswap reassured CTG players that it would make minimal changes to the game mechanics, preserving on-chain gameplay and functionality.
The DeFi protocol leverages its experience building one of the most popular on-chain apps while emphasizing the benefits of the acquisition, marking the third season of CTG as “Next level.”
Under the new ownership, players can expect enhanced features, including new themes and twists aimed at improving the community’s on-chain gaming experience.
Uniswap further announced plans to collaborate with CTG and explore new consumer crypto experiences to enhance its products, collectively conducting on-chain experiments within the community.
On the flipside
- In September 2022, Uniswap invested in HQ Trivia, a live game show application.
- Uniswap was recently targeted by the SEC in its Wells notice.
- Uniswap’s native token, UNI, did not surge positively in response to the news. today deal with At $9.33, the token is down about 5.6% in the last 24 hours..
Why This Matters
Uniswap’s acquisition of Crypto the Game marks another expansion of DeFi protocols. Considering the powerful resources available, the new ownership promises advanced improvements to on-chain gaming.
To learn more about Uniswap’s extensive expansion and current feature integrations, read the following articles:
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