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Portal Pay Aims to Bring Interoperability to Blockchain Gaming
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Web3 Game Distribution Platform Portal is throwing Payment Portal to enable cross-chain interoperability in Web3 games.
The crypto payment solution is designed to power games and decentralized applications (dApps) with unmatched cross-chain interoperability. This milestone marks the first of a series of major initiatives and upcoming product launches from Portal, which is on a mission to solve game distribution.
The various initiatives are set to materialize during the second half of 2024.
Portal Pay aims to transform the gaming landscape by offering an enterprise payment solution that will directly improve the end-user experience for games and players. It enables full interoperability of digital assets from any blockchain, allowing players to pay with over 5,000 tokens in a single game. It also allows games to receive payments in their preferred digital currency, leveraging Portal Pay’s smartswap functionality.
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The company said this positions Portal as the first gaming-specific payment infrastructure, simplifying and improving the user experience by making blockchain technology seamless and nearly invisible.
Pay is a key part of Portal’s overall vision to solve Web3 distribution, starting with gaming. Each upcoming product on Portal’s roadmap is designed to facilitate some aspect of player and liquidity movement on Web3, including products specific to discovery, identity, gaming wallets, liquidity, and payments and rewards.
By solving every variant of the distribution problem, Portal can capture users and liquidity from anywhere.
Portal Pay promises unmatched interoperability, as it is compatible with over 5,000 digital currencies. Any new token can be quickly integrated into Portal Pay. Integrated with the most popular payment and gaming MOR technologies, frequently used outside of cryptocurrency.
And the company said Portal Pay delivers the ultimate UX that Portal has promised to the global community. By making blockchain technology invisible, it further accelerates the march towards mass adoption through seamless and easy use.
It also offers flexibility. Games can receive payouts in any token they choose, giving them unprecedented control and customization over their digital assets. And Portal said it empowers developers by dramatically simplifying digital asset management, allowing game developers to focus on creating immersive gaming experiences rather than dealing with the complexities of cryptocurrency payments.
“Portal Pay is a game-changer for the web3 gaming ecosystem,” said Ezra Strauss, head of partnerships at Portal, in a statement. “Our goal has always been to unlock the full potential of cross-chain interoperability, and with Portal Pay we are bringing this vision to life. This solution not only simplifies digital asset management for game developers, but also enhances the gaming experience for users by giving them the flexibility to choose their preferred currencies. We are excited to see how Portal Pay will transform the industry and drive mass adoption of blockchain technology.”
Portal’s commitment to pushing the boundaries of gaming distribution is unwavering. Portal Pay is just the first of many game-changing products to come. As the company rolls out a series of major initiatives and product launches through the end of Q3 2024, it aims to consistently deliver solutions that redefine the digital gaming experience.
Portal’s advisors include Jamie King, co-founder of Rockstar Games; Russell Hanson, former CSO of Consensys; Matt Dixon, former head of business development at EA; and John Yao, CEO of Team
Secret eSports. Portal currently has over 200 partner games and is proudly represented by
WME, the world’s largest talent agency.
Portal has raised $11 million to date and has over 80 full-time employees. Investors include Michael Bouhanna (VP and Head of Digital Art at Sotheby’s), Max Crown (CFO of Moonpay), Ray Chan (CEO of Memeland and 9GAG), and Giulio Xiloyannis (CEO of Pixelmon).
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