Partnership Between Arcade and Solana Ventures Finalized

Arcade announced a collaboration with Solana Ventures. Arcade ended up choosing to partner with Solana since they have the world’s best blockchain and the quickest increasing crypto ecosystem with the cheapest transaction cost. This, coupled with Arcade’s “It Pays To Play” philosophy and commitment to reducing the entry barriers for Play-To-Earn games and prizes, makes this a powerful match for Arcade. Solana Ventures’ purpose is to provide capital to some of the most promising teams constructing in the crypto ecosystem in order to speed up the expansion of the Solana blockchain and adjoining ecosystems. Solana Ventures, the corporate strategic investment arm of Solana Labs, recently introduced a $150 million fund for blockchain gaming startup companies.

Solana is an open-source initiative that is launching a new, permissionless, scalable blockchain. This has a theoretical maximum of 710,000 transactions per second, which makes it ideal for use in the GameFi space. Anatoly Yakovenko published a whitepaper in 2017 explaining Proof of History, a solution to the issue of getting computer systems to work together. These efforts culminated in a network that is 10,000 times better than current ecosystems. And, as they say, the rest is history.

Because Solana is decentralized, it is resistant to censors; this means that the network will stay open for applications to run flexibly, and no exchanges will ever be stopped.

There are certainly just so many apps operating on Solana to list, including NFT Marketplaces, DeFi and Lending, and Web3 Apps, helping to make it a strong candidate for the network of selection for GameFi and other ecosystems.

Arcade believes it is a strong collaboration that will assist it in constructing its “it Pays to Play” ideology.

Arcade has a great international marketing strategy in over 15 regions and multiple languages. Devoted to their objective of reducing the barriers for entry to Play-To-Earn games and prizes, the majority of Arcade’s outreach activities have been directed toward lower-income societies, which are frequently responsible for generating the globe’s finest players. Arcade is bringing in a genuine one-of-a-kind chance, allowing anybody to take part in the metaverse.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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