Play To Earn Platform WAM Launches Elrond Token Bridge For DeFi And App Integration
Popular play & earn platform WAM has just launched an ESDT token bridge that allows WAM holders to bring their tokens to the Elrond Network. This will soon enable them to participate in DeFi opportunities and later on enjoy direct integration into the WAM platform.
Gamers will thus be able to earn ESDT WAM tokens and further use them to join tournaments or own games, avatars, nicknames and other items, which are unique NFTs and can generate various passive income streams for their owners.
The highly popular mobile app already has 180,000+ downloads and the team is hard at work to bring an NFT marketplace online, together with a creator studio for third party developers seeking to leverage the WAM platform to engage their player base in more meaningful and entertaining ways.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About WAM
WAM is a platform where people compete in tournaments to win crypto rewards in WAM Coin and NFTs. You can play using your mobile phone from Chrome or Safari or you can download WAM.app from Google Play and Apple AppStore.
Users on WAM can own games and tournaments to generate recurring revenue, developers can publish games and sell NFTs and marketers can promote tournaments to earn WAM Coin from them.
More articles
