Ultra and SwissBorg published a blog post to announce their joint venture – Agora – to fill Ultraverse with new GameFi features. The joint venture will enable all the players to seamlessly integrate the functionalities within the app or game to trade fungible tokens within the ecosystem.
The goal is to become an all-in-one platform by making blockchain-powered gaming systems a part of everyone’s life. The partnership of Ultra and SwissBorg fully backs Agora, and it will, therefore, leverage a few pointers from both partners to deliver the desired output.
While Agora will absorb the cutting-edge reliable blockchain infrastructure from Ultra, it will look to gain access to new monetization opportunities under the expert supervision of the industry.
All the members of the community, or ecosystem, like developers and influencers, have now been assured of the commitment of Ultra and SwissBorg to empower everyone in the gaming ecosystem.
Additionally, the joint venture unlocks several possibilities with the new ways of playing games on the internet.
David Hanson, the Co-Chief Executive Officer of Ultra, said that it would enable the team at Agora to trailblaze the space by delivering more value to the experience of a player in association with SwissBorg. David Hanson added that the aim was to become a golden standard in the industry while opening various possibilities and opportunities for other players in the space.
Pierre de Viry, the Chief Executive Officer of Agora, highlighted the reason for selecting Ultra by stating that Ultra’s blockchain technology makes it possible for the Agora team to address mainstream audiences without getting involved in the technical complexities.
Pierre de Viry concluded the statement issued to the press by saying that it made a lot of sense to simply build on top of the true gaming ecosystem capable of addressing gaming industry needs.
Anthony, the Chief Strategy Officer & Founder at SwissBorg, said there was a dire need to move to a utility space from a speculative space if the platform wanted to make mass adoption a reality. Anthony added that gaming is expected to make this transition a possibility.
Calling Agora the next generation GameFi Hub, Anthony said that SwissBorg was proud to be a part of the joint venture.
Ultra is an entertainment platform for all the key gaming services. One can access the platform with a single login. Ultra has been built around PC games distribution stores to provide access to various services that are centralized as well as decentralized.
Agora is a GameFi hub with a built-in decentralized exchange that aims to tap into the new sources of TVL from the traditional gaming market with low slippage and high rewards for liquidity providers.
SwissBorg is headquartered in Lausanne as a community-centric firm democratizing wealth management. Agora’s feature of providing a Launchpad is the key highlight as it enables users to purchase tokens and non-fungible tokens from the games of the ecosystem.