As a result of this joint venture, players will be able to easily integrate Agora within a game or app to swap fungible tokens seamlessly inside the Ultra ecosystem.

Backed by Ultra and SwissBorg, Agora aims to become the all-in-one platform to bridge the gap between DeFi and the games industry.

The time for GameFi is now

Ultra is building the most compelling ecosystem for gamers worldwide, where various entertainment industry services can be accessed through one single login. Spearheading this revolution, Ultra Games will release soon as a next-gen games distribution platform where players can truly own their gaming experiences. Players in the Ultra ecosystem will find a place to play games, watch streams, explore new content, participate in tournaments, and share their love for video games–all on one platform!

Agora leverages Ultra’s cutting-edge reliable blockchain infrastructure and Swissborg’s industry-leading expertise to provide new opportunities to monetize and bring real liquidity to every application deployed on Ultra’s network. Ultra’s technology enables Agora to execute instant transactions without transaction fees and onboarding fees.

A deep dive into the Agora ecosystem

Agora is building an integrated platform where players can discover and experience GameFi in a unique way through Ultra’s robust blockchain infrastructure. Agora selected Ultra’s blockchain for its ease of use, high scalability, feeless transactions, and eco-friendly technology.

DEX

Agora is developing a DEX on the Ultra blockchain to offer an efficient solution. With low slippage and higher rewards for liquidity providers.

A DEX, short for “decentralized exchange,” is a p2p decentralized service to convert tokens. For example, when a player earns a number of tokens, they can then exchange them for UOS tokens or vice versa.

Digital identity

Agora and Ultra will work together to introduce a new kind of decentralized digital identity. This will facilitate a user’s authentication across different games and apps in the Ultra ecosystem.

GameFi index

Agora will open new opportunities for the mass market to invest in GameFi. Without having to perform research for a complex ecosystem of gaming tokens by themselves. For this, Agora will enable wholly automated, capitalization-weighted GameFi indexes. Tokens will be eligible based on specific criteria. It’s maintained by the Agora DAO related to liquidity, total market supply, and their relevance to GameFi.

About Ultra

Ultra is the first entertainment platform providing all key games industry services under a single roof, easily accessible through a single login.

Ultra has been built to provide endless value for players, a fair playing ground for developers.

Website | Twitter

About Agora

Agora is an all-in-one GameFi Hub, including a DEX that aims to tap into new sources of TVL from the traditional gaming market and provide lower slippage trading and higher rewards for liquidity providers.

Website | Twitter

About SwissBorg

SwissBorg is democratising wealth management by making it fun, fair, and community-centric. Headquartered in Lausanne, Switzerland, SwissBorg has an international team of nearly 300 people and holds a Virtual Currency License. SwissBorg is also registering as a PSAN (digital assets service provider) with France’s AMF.

Website | Twitter

SOURCE:

https://medium.com/ultra-io/ultra-and-swissborg-team-up-with-agora-to-bring-gamefi-to-the-ultraverse-e47645772bc7

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