Uniswap Labs Acquires "Crypto: The Game" Ahead of New Season
2024-06-11Bittime - Uniswap Labs, the company behind decentralized exchange protocol Uniswap, has acquired Crypto: The Game, a survival genre on-chain game inspired by the TV show Survivor. The acquisition comes ahead of the game's highly anticipated third season.
Crypto: The Game has attracted significant attention since its launch earlier this year. The first season of the game had a prize pool worth $115,000 ETH and attracted many players who competed in various challenges and eliminated each other through voting.
This acquisition marks Uniswap Labs' strategic move to expand its reach into the blockchain gaming space. By combining gaming elements with DeFi, Uniswap Labs aims to increase user adoption and engagement in its ecosystem.
Crypto: The Game Team Joins Uniswap Labs
CTG, the team behind Crypto: The Game, will join forces with Uniswap Labs. The team will continue to develop the game and explore new on-chain features and activations to enrich the user experience on Uniswap.
Uniswap Labs Gain Enthusiastic Player Base
This acquisition is expected to have a positive impact on both parties. Uniswap Labs will gain access to an enthusiastic and experienced player base, while CTG will gain the resources and expertise needed to take their game to the next level.
Financial Details Not Disclosed, Allegedly Involves Tokens and Equity
While financial details of the acquisition were not disclosed, the deal reportedly involved a combination of tokens, cash and equity.
Uniswap Labs Towards DeFi Leader with Blockchain Gaming Innovation
This acquisition is an important step for Uniswap Labs as it seeks to become a leader in the growing DeFi space. By combining innovation and gaming experience, Uniswap Labs has the potential to attract more users and increase the adoption of blockchain technology.
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