• The Enjin-Ludena Collaboration Will Increase Asia’s In-Game NFT Adoption

  • The blockchain gaming sector has a market cap of USD 23.6 billion and a 24-hour trading volume of USD 4 billion, according to CoinGecko. As a result, many games appear on the screen each month, and Enjin leads the industry with 11% of the total market cap.

    Enjin’s main goal in order to maintain its market leadership is to leverage its NFT technology and decentralized infrastructure in its launchpad, Enjinstarter. As a result, they’ve teamed up with Ludena, Korea’s largest play-to-earn social gaming platform, to drive massive NFT adoption through the Efinity platform. The Enjin-Ludena Collaboration will concentrate on blockchain integration, monetization, and specialized marketing strategies.

    On the other hand, Ludena’s 3 million users can earn tokens and rewards through its GameTalkTalk social platform, which has more than 200 industry partners.

    Kenneth Lee, COO of Ludena Protocol, added, “We’ve chosen Enjin because of their powerful, eco-friendly tech stack and Efinity, which will connect all of our P2E games starting with the first release.” February 20, 2022.”

    @Enjin Selected as Ludena Protocol’s Preferred Partnerhttps://t.co/s6a6K14lo7#LudenaProtocol x @enjin Partnership to Accelerate Asia Blockchain Gaming Market!@enjinstarter@TheKillboxgame@ChainosSolution$EFI #PlayToEarn #P2E #NFT #blockchaingaming #cryptocurrecy

    — Ludena Protocol (@ludenaprotocol) November 16, 2021

    Surprisingly, according to the announcement, Asia now has more than half of the world’s 3 billion gamers.

    More on the Enjin-Ludena Collaboration

    According to the announcement, the alliance is part of a larger initiative to introduce innovative technologies to Asia.

    Ludena will now have direct access to Enjin’s platform and Web 3 technology. Over 70 game and app developers, as well as NFT projects, use the platform. As a result, Enjin’s Adopter Program seeks to bring environmentally friendly NFTs to GameTalkTalk for Asian markets.

    One advantage of this collaboration is that Ludena will support Enjin’s Polkadot parachain platform, Efinity, which is a decentralized, scalable, cross-chain NFT network. As a result, Enjin Partnerships Lead Rene Stefancic stated, “Working with Ludena Protocol will enrich Enjin’s vibrant ecosystem.” Introducing blockchain-powered game mechanics to companies such as KillBox and Chains.”

    It’s also worth noting that Enjin announced a $100 million Efinity Metaverse Fund on November 4th. Polkadot’s fourth parachain slot auction is approaching, and the platform is preparing to compete.

    Finally, Ludena intends to launch staking incentives for its native LDN token, though no timetable was given. In addition, in October, Ludena partnered with the IOST network to accelerate its ecosystem’s NFT and P2E sectors.

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